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1809 Capital is a venture capital firm founded in 2022 and based in Oxford, Ohio. It is the first and only venture capital platform backed by Miami University alumni. The firm focuses on investing in growth-stage technology companies globally, leveraging a network of Miami alumni-managed venture funds and startups. A distinctive feature of 1809 Capital is its commitment to reinvesting a portion of its profits back into Miami University, fostering a unique relationship between financial success and educational support.
As of now, 1809 Capital manages a portfolio of 15 companies and emphasizes capital efficiency and valuation discipline in its investment strategy. The firm operates from the College@Elm innovation center, which is strategically located near Miami University. This proximity allows for a strong connection with the university's entrepreneurial ecosystem.
Notable milestones include the achievement of unicorn status by portfolio company Imprint, which raised $150 million in a Series D funding round. The firm’s investment strategy not only aims for financial returns but also supports the Miami University ecosystem, creating a symbiotic relationship between the firm and the institution.
1809 Capital invests primarily in growth-stage technology companies, typically at the Series A+ stage, where product-market fit is established and revenue is scaling. The firm emphasizes financial returns while also supporting the Miami University ecosystem. Their investment strategy includes accessing national opportunities and maintaining capital efficiency and valuation discipline. This approach allows them to target companies that have demonstrated commercial revenue growth and strong product-market fit.
The firm seeks to partner with founders who have a clear vision and a proven track record of execution. They prefer to invest in sectors that align with their expertise and the interests of their alumni network. Additionally, 1809 Capital maintains a disciplined approach to deal structure, ensuring that investments are made with a focus on long-term value creation.
1809 Capital has backed a total of 15 portfolio companies, showcasing a diverse range of technology sectors. Notable mentions include:
This portfolio reflects 1809 Capital's commitment to investing in companies that are not only financially promising but also contribute to technological advancements across various industries.
Mark Richey: Managing Partner. Mark has extensive experience in venture capital and fund management, having led multiple successful investments in technology companies. He is a Miami University alumnus and has a strong commitment to supporting the university's entrepreneurial initiatives.
Kevin Mendelsohn: Partner. Kevin brings a wealth of knowledge in growth-stage investments and has a background in technology startups. His expertise lies in identifying promising companies and guiding them through the scaling process.
Kim Walker: Partner. Kim has a strong track record in venture capital and is known for her strategic insights into market trends. She is dedicated to fostering relationships within the Miami University alumni network.
John Gardner: Partner. John co-founded 1809 Capital and has a deep understanding of the venture capital landscape. He focuses on building partnerships with portfolio companies to drive growth and innovation.
To pitch to 1809 Capital, startups should visit their website at 1809capital.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market analysis, financial projections, and team background. The firm prefers to receive pitches through their online platform and values clear and concise communication.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions through the Miami University alumni network can enhance the chances of securing a meeting.
1809 Capital has committed to reinvesting 60% of its carried interest back into Miami University, supporting student opportunities and entrepreneurial initiatives. The firm also sponsors the Redhawk50 event, which honors the fastest-growing companies founded or led by Miami University alumni.
In recent months, 1809 Capital has been active in highlighting the progress of its portfolio companies. Notable updates include MontyCloud's successful Series B funding round and Visby Medical's expansion of at-home STI testing solutions. Additionally, Imprint achieved unicorn status following a $150 million Series D funding round, marking a significant milestone for the firm.
The firm has also published several blog posts discussing technology trends and investment strategies, showcasing its commitment to keeping stakeholders informed about the developments within its portfolio.
What are 1809 Capital's investment criteria?
1809 Capital focuses on growth-stage technology companies, particularly those at the Series A+ stage. They look for companies that have established product-market fit and are scaling revenue. The firm emphasizes financial returns while also supporting the Miami University ecosystem.
How can startups apply or pitch to 1809 Capital?
Startups can pitch to 1809 Capital through their website at 1809capital.com. It is advisable to include a detailed business plan, financial projections, and information about the founding team in the pitch deck.
What makes 1809 Capital different from other venture capital firms?
1809 Capital is unique as it is the first venture capital firm backed by Miami University alumni. They reinvest a portion of their profits back into the university, creating a strong link between financial success and educational support.
What is the geographic scope of 1809 Capital's investments?
The firm has a global investment focus, allowing them to access a wide range of opportunities across different markets.
What is the typical check size for investments made by 1809 Capital?
While specific check sizes are not disclosed, the firm typically invests in growth-stage companies, which often involves significant capital commitments to support scaling operations.
What kind of post-investment involvement does 1809 Capital have?
1809 Capital provides value to its portfolio companies by leveraging its extensive alumni network for mentorship, resources, and strategic connections, while also ensuring financial discipline and support for scaling operations.
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