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Capital Midwest Fund (CMF) is a prominent venture capital firm based in Mequon, Wisconsin, established in 2006. The firm specializes in investing in revenue-stage companies primarily located in the Central United States, with a strong emphasis on sectors such as industrial technology, healthcare, and fintech. CMF is dedicated to fostering innovation within the Midwest ecosystem, leveraging the region's unique strengths in manufacturing and technology. The firm has successfully raised multiple funds, currently operating Fund IV, and has a portfolio comprising 51 to 63 companies, showcasing its active engagement in the venture capital landscape. CMF is recognized for its commitment to supporting businesses that utilize technology to address specific customer challenges, particularly in the industrial and manufacturing sectors. The firm’s leadership includes experienced professionals who are deeply connected to the Midwest's entrepreneurial community, enhancing its reputation as a top-tier venture capital firm in Wisconsin.
Capital Midwest Fund focuses on revenue-stage B2B technology companies that demonstrate a solid understanding of technology trends and have successfully applied these insights to solve customer problems. The firm primarily invests in sectors such as artificial intelligence, healthcare, biotech, industrial technology, fintech, energy, consumer products, proptech, and logistics. CMF seeks businesses with proven market traction and acceptance, particularly those that can leverage the Midwest's structural advantages in manufacturing and technology. The firm typically invests between $500,000 and $2 million, targeting companies that are not only innovative but also have a clear path to growth and scalability. CMF's investment strategy is centered around enhancing operational efficiencies and market reach for its portfolio companies, ensuring they are well-positioned for future success.
Capital Midwest Fund boasts a diverse portfolio of 51 to 63 companies, with notable investments across various sectors. Key portfolio companies include **AdAdapted**, which connects consumer packaged goods (CPG) brands with shoppers through mobile app engagements; **AIQ Solutions**, a developer of a clinical decision support platform utilizing advanced analytics for oncology; and **Blue Pillar**, which offers an IoT platform for connecting distributed energy resources and was acquired by Generac in 2022. Other significant investments include **Health Scholars**, providing virtual reality training for healthcare professionals, and **SkySpecs**, which develops drone technology for inspecting critical infrastructure. The firm has also achieved notable exits, including **Realync** and **ScholarCentric**, further solidifying its reputation in the venture capital space.
Alvin Vitangcol - General Partner with extensive experience in venture capital and a strong focus on supporting Midwest-based companies.
Jacob DeZarn - Partner who specializes in identifying and evaluating early-stage tech companies in the Midwest. He plays a crucial role in the firm's investment strategy.
To pitch Capital Midwest Fund, founders should visit their website at capitalmidwest.com. The firm is open to pitches that align with their investment focus on revenue-stage B2B technology solutions. They encourage direct applications through their site.
Capital Midwest Fund remains an active player in the venture capital landscape, with recent investments including AIQ Solutions in August 2025 and Valid8 Financial in February 2025. The firm has also participated in a Series A round for Sprocket Security, raising $8 million in March 2024. Their continued focus on the Midwest ensures a steady deal flow and a commitment to fostering innovation in the region.
Capital Midwest Fund invests in companies at various stages, including Seed, Series A, Series B, and Growth Equity. The firm focuses on revenue-stage companies that have demonstrated market traction and are positioned for growth.
Founders can pitch Capital Midwest Fund through their website at capitalmidwest.com. The firm welcomes pitches from companies that align with their investment focus on revenue-stage B2B technology solutions.
Capital Midwest Fund primarily invests in sectors such as artificial intelligence, healthcare, biotech, industrial technology, fintech, energy, consumer products, proptech, and logistics. They seek companies that leverage technology to solve specific customer challenges.
The typical check size for investments made by Capital Midwest Fund ranges from $500,000 to $2 million. This allows them to support companies at various stages of growth effectively.
Capital Midwest Fund focuses its investments primarily in North America, specifically within the Central United States. The firm is committed to fostering innovation within the Midwest ecosystem.
Capital Midwest Fund adds value to its portfolio companies by leveraging its extensive network within the Midwest, providing strategic guidance, and facilitating connections to industry resources. This support helps enhance operational efficiencies and market reach.
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