MATH Closes Second Venture Fund

CHICAGO, April 30, 2019 /PRNewswire/ -- MATH Venture Partners (MATH), a Chicago-based early stage venture capital firm, announced the closing of a new $46 million fund. MATH's new fund, its second since 2014, will continue to invest in early-stage technology companies that demonstrate an unfair advantage in customer acquisition and retention.

MATH invests in digital technology companies across industries including B2B/B2C software, marketplaces, ecommerce and IoT. MATH II will make approximately 15 venture investments with initial investment size up to $2 million. The fund will also make 20-25 seed level investments of $100,000 each. With a primary focus in the Midwest and other under-capitalized markets, the fund invests across the U.S. and Canada. 

MATH's investment team consists of three managing directors, Mark Achler, Troy Henikoff, and Dana Wright and principal, Samara Mejia Hernandez. The four-person team has been together since 2015, establishing a track record of partnering with entrepreneurs to lay the foundation for repeatable, scalable sales. MATH's first fund made 16 venture investments including Acorns, Apervita, BuiltIn, Cardflight, EatStreet and SpotHero. 

About MATH Venture Partners
MATH Venture Partners is an early-stage venture capital fund managed by an experienced team of hands-on technology investors and operators. The fund invests in digital technology companies demonstrating a competitive advantage in acquiring and retaining customers. MATH Venture Partners has more than three dozen companies in its portfolio, including Acorns, BuiltIn, Cardflight, ChefHero, Chowly, EatStreet and SpotHero. For more information visit, http://www.mathventurepartners.com/.

Contact: [email protected]

SOURCE MATH Venture Partners