Math Venture Partners

Math Venture Partners is a Chicago-based venture capital firm established in 2014, specializing in early to middle-stage investments in technology companies across the United States and Canada. The firm focuses on sectors such as e-commerce, hardware-enabled software, marketplaces, software as a service (SaaS), tech-enabled services, and transactional businesses. Math Venture Partners is managed by a team of experienced investors and operators who emphasize strong partnerships with entrepreneurial teams that prioritize customer acquisition. The firm is known for its hands-on approach, working closely with founders to foster improvement and growth. With a track record of building and scaling successful companies, Math Venture Partners seeks to collaborate with coachable teams committed to excellence.

Mark Achler

Managing Director

Troy Henikoff

Managing Director

David Semmel

Venture Partner

Past deals in Illinois

Improovy

Seed Round in 2022
Using technology and data, Improovy's full-service platform allows homeowners to get an accurate price, get matched to a fully certified contractor, and schedule their project online in 2 minutes or less. Founded by the owners of some of the largest and fastest-growing contracting companies in the nation, Improovy knows what it takes to provide a world-class home improvement service experience. As a result, Improovy's revolutionary system empowers contractors to perform the best work of their lives.

@hotel

Series A in 2022
TripScout, Inc. is a travel entertainment company based in Chicago, Illinois, established in 2015. It has developed an application that enables travelers to visually discover destinations through a variety of content, including articles, posts, blogs, photos, and videos contributed by influencers and publishers. The application allows users to create personalized travel itineraries by mapping relevant content, serving as an up-to-date travel guide for those eager to explore new places. TripScout aims to enhance the travel planning experience by providing a comprehensive platform tailored to the needs of modern travelers.

86 Repairs

Seed Round in 2021
86 Repairs is a computer software company that features a subscription service that manages the entire repair process for restaurant groups. Its services include 24/7 support from our expert team, actionable insights to improve back-of-house operations, and complete management of the service process. It was founded in 2018 and headquartered in Chicago, Illinois.

chowly

Venture Round in 2021
Chowly Inc., founded in 2015 and headquartered in Chicago, Illinois, specializes in software solutions that integrate third-party online ordering platforms with restaurant point of sale (POS) systems. The company connects various online ordering services, including Grubhub, UberEats, DoorDash, and Caviar, to streamline restaurant operations. By providing these integrations, Chowly aims to enhance efficiency, reduce staffing costs, and minimize errors, ultimately increasing revenue for restaurants. The company is committed to delivering affordable technology-based solutions tailored for the restaurant industry.

@hotel

Seed Round in 2021
TripScout, Inc. is a travel entertainment company based in Chicago, Illinois, established in 2015. It has developed an application that enables travelers to visually discover destinations through a variety of content, including articles, posts, blogs, photos, and videos contributed by influencers and publishers. The application allows users to create personalized travel itineraries by mapping relevant content, serving as an up-to-date travel guide for those eager to explore new places. TripScout aims to enhance the travel planning experience by providing a comprehensive platform tailored to the needs of modern travelers.

Enduvo

Seed Round in 2020
Enduvo, Inc. is a computer software company based in Wilmette, Illinois, that specializes in virtual reality content authoring and delivery. Founded in 2017, the company has developed an immersive platform that allows experts to create engaging learning experiences in realistic 3D environments. Enduvo's tools enable users to produce, share, and learn in virtual and augmented reality without requiring coding skills. The platform is particularly beneficial for industries such as government, healthcare, manufacturing, technology, and education, where it supports content creation, training, and instructional design. Additionally, Enduvo offers services in project management and 3D model creation, enhancing its comprehensive approach to virtual and augmented reality solutions.

Apervita

Venture Round in 2019
Apervita is a trusted healthcare collaboration platform for quality measurement, clinical intelligence, value optimization, and interoperability. They empower payers and providers and other stakeholders to more efficiently and effectively measure clinical and financial performance, improve clinical quality, and administer and run analytics on value-based contracts. By providing an independent, secure, trusted platform to perform shared analyses, Apervita uniquely allows stakeholders to gain mutual, continuous clinical and financial insights and integrate those insights into various systems and workflows simultaneously and at scale. Serving more than one in three hospitals in the United States and several nationally recognized health plans, Apervita conducts more than 10 billion value-based computations and insights for their clients every year. The company maintains office locations in Chicago and Boston.

NowSecure

Series B in 2019
NowSecure is a mobile app security software company delivering fully automated mobile app security testing with the speed, accuracy, and efficiency necessary for Agile and DevSecOps environments. It can identify the broadest array of security threats, compliance gaps, and privacy issues in custom-developed, commercial, and business-critical mobile apps. These offerings are also provided as a managed service or independent 3rd party app verification. NowSecure was founded in 2009 and is headquartered in Chicago, Illinois.

86 Repairs

Seed Round in 2019
86 Repairs is a computer software company that features a subscription service that manages the entire repair process for restaurant groups. Its services include 24/7 support from our expert team, actionable insights to improve back-of-house operations, and complete management of the service process. It was founded in 2018 and headquartered in Chicago, Illinois.

rMark Bio

Seed Round in 2019
rMark Bio, Inc. is a software company specializing in artificial intelligence solutions tailored for the life sciences sector, including pharmaceutical companies, academic institutions, and medical device firms. The company's flagship platform, Fabric, integrates real-time business objectives with the activities of researchers to facilitate informed decision-making. This platform aims to streamline processes, enhance collaboration, and boost return on investment in thought leader engagements. By providing analytics that connect global healthcare data with internal clinical research information, rMark Bio empowers users to optimize their partnership and engagement strategies throughout the product lifecycle. Founded in 2012 and based in Chicago, Illinois, rMark Bio was previously known as rMark Biogenics, LLC.

Jiobit

Venture Round in 2018
Jiobit is the world's smallest and longest lasting tracking solution. With a Jiobit device and smartphone app, parents (and pet parents) can find their loved ones anywhere: Indoors, outdoors, in over 120 countries and even in multi-level buildings. With weeks of battery life and a durable and discreet design, Jiobit is the world's smallest real-time location tracking product. The mobile app (run through a wireless subscription service) offers the most comprehensive set of monitoring and notification features available on the market. Overall, Jiobit gives parents peace of mind while allowing kids to be kids. The Jiobit team is comprised of seasoned engineers, designers, and marketers with a history of building innovative and disruptive consumer products and businesses. The team has logged a combined 150 patents from previous endeavors and developed and shipped products selling in the millions worldwide. We are proudly headquartered in Chicago, with a development center in Silicon Valley.

The Minte

Seed Round in 2018
The Minte provides hotel-style housekeeping services, utilizing a building-centric model for staffing its housekeepers. Founded in 2017 and headquartered in Chicago, Illinois, the company allows customers to book its services conveniently through an app or by pressing a button located outside their door. This innovative approach aims to streamline the housekeeping experience, catering to the needs of busy individuals and families seeking reliable cleaning solutions.

chowly

Series A in 2018
Chowly Inc., founded in 2015 and headquartered in Chicago, Illinois, specializes in software solutions that integrate third-party online ordering platforms with restaurant point of sale (POS) systems. The company connects various online ordering services, including Grubhub, UberEats, DoorDash, and Caviar, to streamline restaurant operations. By providing these integrations, Chowly aims to enhance efficiency, reduce staffing costs, and minimize errors, ultimately increasing revenue for restaurants. The company is committed to delivering affordable technology-based solutions tailored for the restaurant industry.

SpotHero

Series C in 2018
SpotHero Inc. provides a digital platform for reserving off-street parking in North America, aiming to alleviate urban congestion by streamlining the parking process. Founded in 2011 and headquartered in Chicago, Illinois, with an additional office in Detroit and operations in Toronto, the company offers a mobile application and website that enable drivers to locate, compare, and book discounted parking spots. Users can easily access information about nearby parking facilities, facilitating a more efficient parking experience and reducing the time spent searching for parking. SpotHero also collaborates with mobility companies to integrate parking solutions into their services, enhancing overall convenience for users.

Eta Vision

Seed Round in 2018
Data centers and utilities that thanklessly run in the background get They full attention. Thier help maximize infrastructure flexibility, reliability, and efficiency, and improve operator visibility by creating a smart zero management sensor network and control system. We exist to help make complex systems simple and sustainable while helping operators conceptualize and manage them.

SpotHero

Series C in 2017
SpotHero Inc. provides a digital platform for reserving off-street parking in North America, aiming to alleviate urban congestion by streamlining the parking process. Founded in 2011 and headquartered in Chicago, Illinois, with an additional office in Detroit and operations in Toronto, the company offers a mobile application and website that enable drivers to locate, compare, and book discounted parking spots. Users can easily access information about nearby parking facilities, facilitating a more efficient parking experience and reducing the time spent searching for parking. SpotHero also collaborates with mobility companies to integrate parking solutions into their services, enhancing overall convenience for users.

Digital Golf Technologies

Venture Round in 2017
Digital Golf Technologies, operating as Swing King, specializes in enhancing the golfing experience through its automated hole-in-one contests. The company installs high-definition cameras on par-3 holes at participating golf courses, enabling real-time video streaming of golfers' shots back to the clubhouse. This technology not only adds excitement to the game but also creates new revenue opportunities for golf courses by offering cash prizes for hole-in-one achievements and golf shop credits for shots near the hole. Founded in 2014 and based in Elmhurst, Illinois, Digital Golf Technologies provides various programs that facilitate tournament bookings and membership renewals, enriching the overall golfing experience while ensuring minimal disruption to play. Each hole-in-one winner receives a video recording of their successful shot, capturing the moment for sharing and lasting memories.

Jiobit

Seed Round in 2017
Jiobit is the world's smallest and longest lasting tracking solution. With a Jiobit device and smartphone app, parents (and pet parents) can find their loved ones anywhere: Indoors, outdoors, in over 120 countries and even in multi-level buildings. With weeks of battery life and a durable and discreet design, Jiobit is the world's smallest real-time location tracking product. The mobile app (run through a wireless subscription service) offers the most comprehensive set of monitoring and notification features available on the market. Overall, Jiobit gives parents peace of mind while allowing kids to be kids. The Jiobit team is comprised of seasoned engineers, designers, and marketers with a history of building innovative and disruptive consumer products and businesses. The team has logged a combined 150 patents from previous endeavors and developed and shipped products selling in the millions worldwide. We are proudly headquartered in Chicago, with a development center in Silicon Valley.

chowly

Seed Round in 2017
Chowly Inc., founded in 2015 and headquartered in Chicago, Illinois, specializes in software solutions that integrate third-party online ordering platforms with restaurant point of sale (POS) systems. The company connects various online ordering services, including Grubhub, UberEats, DoorDash, and Caviar, to streamline restaurant operations. By providing these integrations, Chowly aims to enhance efficiency, reduce staffing costs, and minimize errors, ultimately increasing revenue for restaurants. The company is committed to delivering affordable technology-based solutions tailored for the restaurant industry.

LogicGate

Seed Round in 2016
LogicGate, Inc. provides enterprise process automation solutions that enable organizations to streamline and manage risk and compliance activities. The company's main offering is an agile platform that allows users to create applications through a user-friendly drag-and-drop interface. This platform supports various functions, including enterprise risk management, regulatory change management, compliance management, incident management, and IT security risk management. LogicGate's technology is designed to help businesses address the challenges of disorganized processes, facilitating better collaboration and transparency across the organization. The company's clientele spans multiple industries, including software, fintech, telecommunications, banking, insurance, healthcare, pharmaceuticals, and energy. Founded in 2015 and based in Chicago, Illinois, LogicGate aims to reduce mission-critical risks and enhance compliance through its innovative solutions.

ThinkCERCA

Series A in 2015
ThinkCERCA is an award-winning education technology company that focuses on developing critical thinking skills through argumentative writing for students in grades 4-12. Its personalized literacy platform is utilized by educators in all 50 states and 130 countries, making it a significant player in global education. The company has established partnerships with notable educational leaders, including Follett Corporation, and has received recognition from prominent publications such as The Atlantic and EdSurge. ThinkCERCA was a finalist for the 2016 SIAA CODiE Awards in multiple categories and has been highlighted by Common Sense's Graphite as one of the leading tools in educational technology. The company also received a grant from the Bill & Melinda Gates Foundation in 2013, underscoring its commitment to enhancing literacy education.

Apervita

Series A in 2015
Apervita is a trusted healthcare collaboration platform for quality measurement, clinical intelligence, value optimization, and interoperability. They empower payers and providers and other stakeholders to more efficiently and effectively measure clinical and financial performance, improve clinical quality, and administer and run analytics on value-based contracts. By providing an independent, secure, trusted platform to perform shared analyses, Apervita uniquely allows stakeholders to gain mutual, continuous clinical and financial insights and integrate those insights into various systems and workflows simultaneously and at scale. Serving more than one in three hospitals in the United States and several nationally recognized health plans, Apervita conducts more than 10 billion value-based computations and insights for their clients every year. The company maintains office locations in Chicago and Boston.

NowSecure

Series A in 2014
NowSecure is a mobile app security software company delivering fully automated mobile app security testing with the speed, accuracy, and efficiency necessary for Agile and DevSecOps environments. It can identify the broadest array of security threats, compliance gaps, and privacy issues in custom-developed, commercial, and business-critical mobile apps. These offerings are also provided as a managed service or independent 3rd party app verification. NowSecure was founded in 2009 and is headquartered in Chicago, Illinois.