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62 Ventures is a venture capital fund based in Chicago, Illinois, founded to invest in early-stage companies that leverage technology to disrupt large industries and create new categories. The firm is led by Glen Tullman, a seasoned entrepreneur with over 30 years of experience in scaling early-stage companies. Tullman has a notable background in health, education, and environmental sustainability, having co-founded several successful ventures, including Transcarent and 7wireVentures.
The firm primarily invests in sectors such as healthcare, education, and climate, with a strong emphasis on companies that create a positive social impact. 62 Ventures typically provides funding from pre-seed through Series C stages, with check sizes ranging from $1 million to $10 million. The firm is open to both leading investments and co-investing alongside other venture capitalists.
62 Ventures has a geographic focus that includes the United States, India, and the Middle East. The firm aims to support businesses that are not only financially viable but also contribute positively to society. This dual focus on profitability and social impact is a defining characteristic of their investment strategy.
62 Ventures invests in early-stage businesses, providing funding from pre-seed through Series C stages. The firm typically invests between $1 million to $10 million, making it flexible in its approach to funding. The firm is open to both leading investments and co-investing with other venture capital firms, which allows for a collaborative investment strategy.
The sectors of interest for 62 Ventures include healthcare, climate, and education. The firm specifically targets companies that leverage technology to disrupt large industries and create new categories. This focus on technology-driven innovation is central to their investment thesis, as they seek businesses that not only promise financial returns but also aim to create a positive social impact.
Geographically, 62 Ventures concentrates its investments in the United States, India, and the Middle East. This diverse geographic focus allows the firm to tap into emerging markets and innovative startups across different regions, enhancing their portfolio's potential for growth and impact.
62 Ventures has invested in several notable companies that exemplify its focus on technology-driven innovation and social impact. The following are key portfolio companies:
Both companies reflect 62 Ventures' commitment to investing in businesses that leverage technology to address significant societal challenges, particularly in healthcare and education.
Glen Tullman - Chief Executive Officer
Glen Tullman is the CEO and co-founder of 62 Ventures. He has over 30 years of experience in scaling early-stage companies, particularly in the health and education sectors. Tullman is also the current CEO of Transcarent, a health navigation platform, and has co-founded several successful ventures, including 7wireVentures and Community Ventures. His expertise lies in building category-defining businesses and providing strategic guidance to portfolio companies.
To pitch to 62 Ventures, founders should use the preferred channel available on their website at 62 Ventures. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Founders should also highlight their team's expertise and the social impact of their business.
Response times can vary, but founders should expect to hear back within a few weeks after submission. Warm introductions are preferred, as they can enhance the chances of getting noticed by the investment team.
As of October 2023, 62 Ventures has not publicly announced any recent investments, exits, or fund raises. However, the firm continues to focus on identifying and supporting early-stage companies that align with its investment thesis in healthcare and climate sectors.
What are the investment criteria for 62 Ventures?
62 Ventures focuses on early-stage companies that leverage technology to disrupt large industries. They invest in sectors such as healthcare, climate, and education, with a preference for businesses that create a positive social impact.
How can I apply or pitch to 62 Ventures?
Founders can pitch their ideas through the firm's website at 62 Ventures. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes 62 Ventures different from other venture capital firms?
62 Ventures distinguishes itself by focusing on technology-driven companies that not only aim for financial success but also strive to create a positive social impact. Their leadership, particularly Glen Tullman's extensive experience, adds significant value to portfolio companies.
What is the geographic scope of 62 Ventures?
The firm primarily invests in the United States, India, and the Middle East, allowing them to tap into diverse markets and innovative startups.
What is the typical check size for investments?
62 Ventures typically invests between $1 million and $10 million in each company, providing substantial funding to support growth.
What is the post-investment involvement of 62 Ventures?
62 Ventures provides not only capital but also strategic guidance and industry expertise to its portfolio companies, leveraging Glen Tullman's extensive experience in scaling businesses.
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