Service Provider Capital

Service Provider Capital is a venture capital firm founded in 2014 and based in Golden, Colorado. The firm focuses on co-investing in series A deals led by institutional venture funds, primarily targeting seed-stage companies across various sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and healthcare. In addition to its general investment strategy, Service Provider Capital manages the Midwest Fund I and Fund II, which concentrate on software and healthcare technology systems in the Midwest region of the United States. The firm typically prefers to take minority stakes in its investments and engages in syndication to diversify its portfolio.

Patrick Cerone

Managing Director

Edward B. Hill

Managing Director

Ned Hill

Managing Director

Lori Pickle

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Past deals in Illinois

SupplyHive

Seed Round in 2021
SupplyHive is a software platform designed to enhance supplier performance reviews for businesses. Founded by entrepreneur Mike Anguiano, the platform allows organizations to better understand and manage their suppliers by collecting and analyzing reviews and ratings. Utilizing artificial intelligence, SupplyHive continuously improves its performance metrics with each new review, helping businesses measure key performance indicators (KPIs), identify trends, and detect disparities. The software automates action plans through predictive analytics, enabling companies to streamline their supplier performance processes. This centralized and standardized approach fosters better partnerships and enhances overall efficiency in supplier management.

Network Perception

Seed Round in 2020
Network Perception is providing a pioneering network device configuration analysis software to visualize and manage their network. The company delivers a pioneering solution that enables corporate compliance and cybersecurity managers to gain a complete view of their network security and to immediately determine if its configuration is in alignment with best practices and regulatory standards Network Perception was launched in 2014 at the University of Illinois at Urbana-Champaign Research Park.

QuillBot

Seed Round in 2020
QuillBot, Inc. is an AI-driven writing collaborator that specializes in paraphrasing and refining content. Founded in 2017 and based in Chicago, Illinois, with an additional presence in Jaipur, India, the company utilizes advanced natural language understanding technology to automatically reconstruct user-generated content, enhancing clarity and introducing new vocabulary. QuillBot's application allows for seamless integration into various writing workflows, making it accessible through extensions and add-ins. The service is popular among users worldwide, with over a million individuals leveraging its capabilities to improve their writing and communicate more effectively. QuillBot aims to simplify the writing process, ensuring that users can convey their intended messages with precision and clarity.

Winston Privacy

Venture Round in 2020
Winston Privacy, Inc. develops technology which provides consumers with online privacy and data protection from spying and identity theft. It protect all connected devices, including computers, tablets, phones, and smart devices. The company features includes protects all devices, Block Ads, and faster than a VPN. Winston Privacy, Inc. was founded in 2017 and is headquartered in Chicago, Illinois.

Nurture Life

Series A in 2019
Nurture Life, Inc. is a Chicago-based company that specializes in providing organic, ready-to-eat meals designed for babies, toddlers, and children. Founded in 2015, the company offers a subscription-based food delivery service that delivers chef-crafted meals directly to customers' doors on a weekly basis. Each meal is thoughtfully prepared in collaboration with pediatric dietitians to ensure it meets the nutritional needs of growing children while introducing them to a variety of flavors and textures. Nurture Life aims to expand children's palates and promote healthy eating habits, providing peace of mind for parents seeking nutritious meal options for their families.

Livly

Seed Round in 2019
Livly, Inc. is a technology company based in Chicago, Illinois, that specializes in property management solutions for commercial and multi-family real estate owners and operators. Founded in 2017, Livly provides a platform that enhances digital experiences for residents while generating new revenue streams for property owners. The software streamlines the rental process by facilitating both physical and digital transactions, offering user-friendly tools and analytics aimed at improving resident satisfaction. Livly's approach focuses on incorporating branded touches that help residents feel at home, while addressing the daily challenges faced by property managers and tenants alike.

CamoAg

Series A in 2019
CamoAg operates a platform designed to connect landowners with farmers in the farmland rental market, which accounts for a significant portion of US agricultural land. Founded in 2017 and based in Chicago, Illinois, the company aims to address inefficiencies in this $32 billion annual market, where 40% of farmland is rented. By introducing data transparency, CamoAg enhances price discovery and access to land for farmers while optimizing returns for landowners. The platform offers a comprehensive solution for information management, facilitating smoother transactions and improving market dynamics for all stakeholders involved.

Packback

Series B in 2019
Packback, Inc. is an educational technology company based in Chicago, Illinois, founded in 2014. It operates an artificial intelligence-driven platform designed to enhance online discussions in academic settings. This platform enables professors to evaluate and improve students' critical thinking skills through structured digital interactions. Packback offers two main products: PB Books, which provides online textbooks on a rental basis, and PB Questions, a digital discussion forum that fosters engagement and personalized learning. The company's innovative approach aims to make learning more engaging and effective, helping students develop a deeper understanding and appreciation for their subjects.

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.

The Mom Project

Seed Round in 2018
The Mom Project, Inc. is a digital marketplace that connects women with companies seeking to fill various roles across fields such as marketing, finance, technology, and project management. Founded in 2015 and based in Cincinnati, Ohio, the platform serves a community of over 275,000 professionals and more than 2,000 companies, focusing on helping mothers stay active in the workforce. The Mom Project not only provides job opportunities tailored to the needs of working mothers but also offers companies insights into their workplace practices regarding women, along with recommendations to improve conditions for mothers and their employees. By facilitating connections and advocating for better workplace policies, The Mom Project aims to create a more supportive environment for women and redefine career trajectories that align with their personal goals.

LandscapeHub

Seed Round in 2018
LandscapeHub is dedicated to streamlining the B2B procurement process in the Landscaping Industry. Buyers and suppliers increase efficiency, expand their networks and gain valuable market knowledge and insights by using LandscapeHub.LandscapeHub is a digital, B2B marketplace connecting buyers and suppliers within a central online platform.LandscapeHub represents quality suppliers across the country, aggregating their available inventory and pricing, empowering buyers with a “one stop shop” buying experience.

Packback

Series A in 2018
Packback, Inc. is an educational technology company based in Chicago, Illinois, founded in 2014. It operates an artificial intelligence-driven platform designed to enhance online discussions in academic settings. This platform enables professors to evaluate and improve students' critical thinking skills through structured digital interactions. Packback offers two main products: PB Books, which provides online textbooks on a rental basis, and PB Questions, a digital discussion forum that fosters engagement and personalized learning. The company's innovative approach aims to make learning more engaging and effective, helping students develop a deeper understanding and appreciation for their subjects.

Heretik

Seed Round in 2017
Heretik Inc. operates in the technology industry. The company was incorporated in 2016 and is based in Chicago, Illinois.

Level Ex

Series A in 2017
Level Ex, Inc. is a Chicago-based company that specializes in developing virtual surgery mobile applications aimed at enhancing the skills of physicians in performing minimally invasive procedures. Its flagship product, Airway EX, serves as a training tool for mastering critical skills related to endoscopic and interventional airway procedures, addressing a variety of complex medical scenarios. Additionally, Level Ex offers Virtual Technique Guides, a surgical training platform that incorporates multiplayer interactivity, enabling surgeons to practice virtual procedures alongside medical device sales representatives in a web conferencing environment. By leveraging advanced video game technology and cognitive neuroscience, Level Ex provides a dynamic and engaging way for healthcare professionals to stay current with rare medical cases, new devices, and emerging therapies. Founded in 2015, the company focuses on improving medical training and performance through innovative digital solutions.

Reconstruct

Seed Round in 2017
Reconstruct, Inc. is a software company that specializes in predictive computer vision data analytics for construction projects. Founded in 2015 and based in Menlo Park, California, with an additional office in Champaign, Illinois, the company offers a visual production management platform that integrates data from drones, fixed cameras, and mobile devices. This platform facilitates progress analysis and documentation by visualizing images and 3D points aligned with Building Information Modeling (BIM). It serves as a virtual command center for project executives, enabling them to manage construction progress, identify potential delays, and enhance coordination among various stakeholders, including general contractors and owners. By providing near real-time insights and reporting on performance issues, Reconstruct helps project teams improve planning, communication, and transparency, ultimately aiming to enhance return on investment and reduce costs in construction projects.

Truss

Series A in 2017
Truss Holdings, Inc. develops and operates an online commercial real estate (CRE) tech platform. It helps small and medium businesses find, tour and lease office, co-working, industrial, and retail space. The company’ platform uses machine learning to help find properties that best fit a company’s needs. It allows businesses in virtually tour the listings, negotiate price, and sign lease documents all on its site. The company was founded in 2016 and is based in Chicago, Illinois.

Kin Insurance

Seed Round in 2017
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Regroup

Series A in 2017
Regroup Therapy, Inc. is a Chicago-based company that specializes in telemedicine solutions aimed at addressing mental healthcare shortages across the United States. Established in 2011, the company has developed a platform that connects mental and behavioral health professionals with their patients through online sessions, using live and interactive video conferencing. Regroup's services emphasize patient privacy and the confidentiality of personal health information by employing end-to-end encryption. This technology enhances access to mental health care, enabling patients to overcome challenges related to geographic distance, mobility restrictions, and the logistical burdens of in-person visits to healthcare providers.

Inprentus

Series A in 2017
Inprentus, Inc. is a nanotechnology company based in Champaign, Illinois, specializing in the design and manufacture of ultra-high precision diffraction gratings. These gratings are essential components for synchrotron radiation facilities, where they are utilized in X-ray and extreme ultraviolet applications across various fields, including structural biology, environmental science, and materials research. Inprentus has developed a novel manufacturing method for mechanically ruled blazed diffraction gratings, which enhances resolving power and allows for blaze angles lower than 1 degree. The company's products support a range of applications, from chemical analysis and imaging to semiconductor manufacturing and optical data communication. Founded in 2012, Inprentus aims to advance capabilities in precision optics technologies for research institutions and industrial sectors.

AddStructure

Seed Round in 2017
AddStructure offer a white-labeled natural language understanding (NLU) platform that Retailers and Brands can use to enable conversational commerce channels. Each day, millions of consumers interact with AddStructure's products: Signal Search, Path, and Scaffold. Applications of their technology range from review summarization (distilling thousands of reviews of a product into digestible pros and cons) to a complete conversational commerce system (chatting with an intelligent digital assistant to find and purchase products).

PartySlate

Seed Round in 2017
PartySlate, Inc. operates a website for event professionals worldwide. Its platform enables users to browse, search, and save event ideas for weddings, fundraisers, mitzvahs, birthdays, milestones, holidays, corporate events, etc. posted by event professionals; and provides images from decor companies, event planners, caterers, photographers, venues, entertainers, and more. The company also connects users with event professionals. PartySlate, Inc. was incorporated in 2015 and is based in Chicago, Illinois.

Aclaimant

Seed Round in 2017
Aclaimant offers a risk reduction platform designed to save time and money on workplace incidents and insurance. It engages the employee, employer, and insurance carrier in making workplace incidents everyone’s responsibility. The Aclaimant system comes with three great tools that are easy to use in reporting and resolving workplace incidents. The company was founded in 2013 and based in Chicago, Illinois.

Rippleshot

Venture Round in 2017
Rippleshot reduces over 25% of fraud losses for banks and merchants by uncovering merchant data breaches and stopping card fraud sooner. Rippleshot’s technology monitors tens of millions of merchants to pinpoint when and where a data breached occurred. Rippleshot stops losses, protects brand reputation, and safeguards the consumer payment experience. Get immediate results visualized through our cloud-based big data analytics platform.

Curiosity

Series A in 2017
Why do people sneeze in sunlight? Why is a black hole called a "singularity"? Why aren't fish electrocuted when lightning hits the water? Curiosity answers the questions you never knew to ask, and digs into the things you've always wondered about. The company spun out of Discovery in 2014 and today reaches an audience of 70 million a month globally through a website, iOS and Android app, weekly podcast, daily email, Chrome extension, and Amazon Alexa skill. With five new stories on a variety of topics every day (plus thousands more to discover), it helps people have fun learning about everything from the scientific and relatable to the awe-inspiring and downright weird. Count on Curiosity to explain even the densest subjects in a way that's entertaining, witty, and easy to understand.

Mac & Mia

Seed Round in 2017
Mac & Mia, Inc. is an online retailer specializing in children's clothing and accessories, catering to children from newborns to six years old. Founded in 2014 and headquartered in Delaware, the company offers a personalized shopping experience that allows parents to discover boutique and specialty clothing items without the challenges of traditional shopping. Each piece is carefully curated by style experts to align with individual family preferences, ensuring that the clothing fits well and meets high standards of quality and style. Additionally, Mac & Mia provides gift cards, enhancing the shopping experience for customers seeking thoughtful gifts. Through its innovative platform, the company aims to simplify the process of building children's wardrobes, allowing parents to spend more quality time with their families.

Tovala

Seed Round in 2016
Tovala, operating under Maestro Food Co., specializes in the production and supply of a smart oven, known for its steam-based cooking technology. Founded in 2015 and headquartered in Chicago, Illinois, the company offers a countertop appliance that integrates with a meal kit subscription service. This system allows users to enjoy chef-crafted meals prepared with fresh ingredients, which can be cooked effortlessly by simply scanning a barcode. Tovala aims to simplify dinner preparation for busy individuals, providing a convenient way to enjoy healthy, home-cooked meals without extensive cooking time. Additionally, the company offers an application that provides recipes, further enhancing the cooking experience for its users.

Remote Year

Series A in 2016
Remote Year, Inc. provides services for curating work and travel programs for professionals to see the world without quit their jobs. It operates a community of digital nomads from across the globe to spend a year working, traveling, and exploring cities in Europe, Africa, Asia, Latin America, and South America, as well as exploring the local community through cultural tours, speaking events, and volunteer opportunities. The company provides co-working spaces, private rooms, transportation, and community activities and events. Remote Year, Inc. was founded in 2015 and is based in Dover, Delaware.

Luxury Garage Sale

Series A in 2016
Luxury Garage Sale, Inc. is a consignment boutique and e-commerce platform based in Chicago, Illinois, specializing in the sale of luxury designer clothing, shoes, handbags, and jewelry. Established in 2010, the company offers a curated selection of high-end fashion items, including bags, dresses, jackets, accessories, and costume jewelry, ensuring a unique shopping experience for consumers. Luxury Garage Sale operates physical stores in Chicago, Highland Park, and Dallas, while also providing an online platform for customers to access standout items from renowned luxury brands. The company focuses on offering luxury fashion at accessible prices through its consignment model, allowing customers to enjoy premium products while promoting sustainability in fashion.

ShipBob

Series A in 2016
ShipBob, founded in 2014 and headquartered in Chicago, Illinois, offers an online shipping and fulfillment platform tailored for small e-commerce businesses. The company provides an end-to-end solution that includes warehousing, order fulfillment, and shipping services, enabling direct-to-consumer brands to deliver packages in 1-2 business days. ShipBob's technology integrates with various e-commerce platforms such as Shopify, Amazon, and eBay, facilitating streamlined order and inventory management, customer communication, and predictive analytics. Additionally, ShipBob aggregates shipment services from major carriers like FedEx, UPS, and USPS, and offers features such as a smartphone application for scheduling pickups and tracking shipments. With a network of fulfillment centers across the United States, including a warehouse in Dallas, Texas, ShipBob aims to enhance the efficiency and effectiveness of supply chain operations for online merchants.

ShipBob

Series A in 2016
ShipBob, founded in 2014 and headquartered in Chicago, Illinois, offers an online shipping and fulfillment platform tailored for small e-commerce businesses. The company provides an end-to-end solution that includes warehousing, order fulfillment, and shipping services, enabling direct-to-consumer brands to deliver packages in 1-2 business days. ShipBob's technology integrates with various e-commerce platforms such as Shopify, Amazon, and eBay, facilitating streamlined order and inventory management, customer communication, and predictive analytics. Additionally, ShipBob aggregates shipment services from major carriers like FedEx, UPS, and USPS, and offers features such as a smartphone application for scheduling pickups and tracking shipments. With a network of fulfillment centers across the United States, including a warehouse in Dallas, Texas, ShipBob aims to enhance the efficiency and effectiveness of supply chain operations for online merchants.
Cumulus Funding is to invest in the American worker. Many people in this country need access to funds for many different reasons. They recognize that in many cases, traditional banks and lenders are unwilling or unable to meet those individuals’ needs. When loans are available, they are made at terms that are extremely favorable to the banks — high and inflexible interest payments, multiple hidden fees and service charges, and often, a requirement that if you can’t make your payments the bank can come and take your personal assets that were pledged as collateral.
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