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Comeback Capital is a venture capital firm based in Glyndon, Minnesota, established to support high-potential companies located outside traditional venture capital hubs. The firm focuses on startups in America's Heartland, aiming to bridge the funding gap for innovative companies in this region. Comeback Capital has successfully deployed its funds and is no longer making new investments, having fulfilled its investment mandate.
The organization has a total of 25 portfolio companies, showcasing its commitment to fostering innovation in the Midwest. Comeback Capital has established connections with local startups, providing them with the necessary resources and networks to thrive in competitive markets. The firm has also partnered with notable investors, including Roy Bahat and Cyan Bannister, to validate its investment thesis.
Comeback Capital has a history of supporting early-stage companies across various sectors, including fintech, healthcare, and civic-tech. Its notable milestones include securing partnerships with accelerators like gener8tor and The Brandery, which further enhance its ability to source promising deals.
Comeback Capital primarily invests in early-stage companies located in America's Heartland, with a strong emphasis on sectors such as fintech, healthcare, and civic-tech. The firm targets startups that demonstrate high potential for growth and innovation. Check sizes typically range around $100,000, with investments made at valuations between $1 million and $3 million. The organization aims to provide not only capital but also valuable connections to advisors from more established startup markets, facilitating growth and success for its portfolio companies.
The firm’s investment strategy is rooted in the belief that many great companies are being built outside coastal hubs but lack access to capital and networks. Comeback Capital seeks to bridge this gap by connecting local startups with resources and expertise from more developed markets. Although the firm is currently inactive in making new investments, its focus on Heartland startups and established connections in the venture ecosystem could provide valuable insights and collaboration opportunities for platforms looking to engage with innovative companies in non-traditional markets.
Comeback Capital has invested in a diverse range of companies, totaling 25 in its portfolio. Notable portfolio companies include:
These companies reflect Comeback Capital's commitment to supporting innovative solutions across various sectors, particularly in the Midwest. The firm has successfully helped these startups navigate challenges and scale effectively, ensuring they have the support needed to succeed in competitive markets.
Scott Shane - Managing Director. Scott is an economics professor at Case Western Reserve University's Weatherhead School of Management and has a background in academic entrepreneurship with a focus on Midwest VC.
Patrick McKenna - Partner. Patrick joined Comeback Capital in summer 2021 and brings experience in venture capital and startup development.
Phil Hagerman - Partner. Phil has a strong background in healthcare and technology investments.
Tony Olivito - Partner. Tony has extensive experience in early-stage investing and business development.
Larry Bernstein - Venture Partner. Larry has a background in finance and investment management.
Kevin Taylor - Venture Partner. Kevin specializes in technology investments and startup growth strategies.
Robb Meyer - Partner Emeritus. Robb has a long history in venture capital and has contributed to the firm's strategic direction.
Cyan Banister - Venture Partner (Advisor). Cyan is a notable investor with experience in technology and startup ecosystems.
Roy Bahat - Partner (Advisor). Roy is the head of Bloomberg Beta and brings significant expertise in venture capital.
To pitch to Comeback Capital, founders should visit their website at comeback.vc. The firm does not specify a preferred channel for pitches, but a well-structured deck that includes the business model, market opportunity, and team background is essential. While specific application forms are not mentioned, founders should be prepared for a thorough review process. Response times may vary, and warm introductions are likely beneficial given the firm's focus on building relationships.
As of now, Comeback Capital has fully deployed its funds and is no longer making new investments. This status has been confirmed through multiple sources, indicating that the firm has completed its investment mandate. There have been no recent public blog activities or announcements, suggesting a halt in ongoing engagement or updates.
Historically, Comeback Capital has invested in approximately 25 companies, with a focus on early-stage startups in the Midwest. The firm has established partnerships with accelerators like gener8tor and The Brandery, enhancing its ability to source promising deals.
What are Comeback Capital's investment criteria?
Comeback Capital primarily invests in early-stage companies located in America's Heartland, focusing on sectors such as fintech, healthcare, and civic-tech. The firm looks for high-potential startups that demonstrate innovative solutions and the ability to scale.
How can I apply or pitch to Comeback Capital?
Founders interested in pitching to Comeback Capital can visit their website at comeback.vc for more information on the application process. Specific email addresses for pitches are not provided.
What makes Comeback Capital different from other venture firms?
Comeback Capital focuses on investing in companies outside traditional venture capital hubs, particularly in America's Heartland. The firm provides not only capital but also valuable connections to advisors from more established startup markets, helping to elevate the potential of its portfolio companies.
What is the geographic scope of Comeback Capital's investments?
The firm primarily invests in startups located in America's Heartland, with a strong emphasis on the Midwest region, particularly Ohio and surrounding states.
What is the typical check size for investments?
Comeback Capital typically invests around $100,000 in early-stage companies, with valuations ranging from $1 million to $3 million.
What is Comeback Capital's post-investment involvement?
Comeback Capital adds value to its portfolio companies by providing access to a network of advisors and resources from more established startup ecosystems. This support helps companies navigate challenges and scale effectively.
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