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Propellant Ventures is an early-stage venture capital firm founded to invest in innovative startups, particularly in the Midwest region of the United States. Established to address the funding gap for entrepreneurs, the firm focuses on Pre-Seed and Seed stages. Based in Chicago, Propellant Ventures aims to cultivate a diversified portfolio of tech-enabled B2B companies.
The firm recognizes the potential for high returns in the Midwest due to reasonable valuations and a strong entrepreneurial ecosystem. Propellant Ventures has positioned itself as a key player in supporting early-stage startups, contributing to the growth of the local economy.
Propellant Ventures primarily invests in Pre-Seed and Seed stage opportunities across various sectors, including healthcare, fintech, edtech, industrial, and artificial intelligence. The firm emphasizes tech-enabled B2B companies, targeting the underserved Midwest region. Typical investment sizes range from $25,000 to $500,000, with initial investments per company generally between $100,000 and $500,000.
By focusing on these sectors, Propellant Ventures aims to leverage the region's entrepreneurial spirit and reasonable valuations. The firm seeks founders who demonstrate strong potential for growth and innovation, aligning with its investment thesis of capitalizing on the Midwest's unique market opportunities.
Propellant Ventures has a notable portfolio that includes:
These companies reflect Propellant Ventures' focus on tech-enabled B2B solutions and its dedication to fostering growth in the Midwest.
Jason Jacobsohn - Managing Partner. Jason has extensive experience in venture capital and has led numerous successful investments in early-stage companies.
Derrick Horner - Venture Partner. Derrick brings a wealth of knowledge in technology and business development, having worked with various startups.
Mark Reitsma - Venture Partner. Mark has a strong background in finance and has been instrumental in guiding portfolio companies through growth phases.
Chris Sorensen - Venture Partner. Chris specializes in operational strategy and has a track record of helping startups scale effectively.
Chirag Goel - Principal. Chirag focuses on sourcing new investment opportunities and conducting due diligence.
Kurt Akers - Venture Advisor. Kurt provides strategic advice and insights based on his extensive industry experience.
Dr. Derick Jiwan - Venture Fellow. Dr. Jiwan contributes his expertise in healthcare technology to the firm's investment strategy.
Hiral Chandrana - Investment Committee Member. Hiral evaluates potential investments and provides insights on market trends.
Andrew Don - Investment Committee Member. Andrew has a strong background in finance and investment analysis.
Russell Findlay - Investment Committee Member. Russell brings experience in entrepreneurship and startup growth.
Deborah Hill - Investment Committee Member. Deborah focuses on assessing the viability of investment opportunities.
Gregory Leos - Investment Committee Member. Gregory has expertise in technology and innovation.
Dave Smith - Investment Committee Member. Dave provides insights based on his extensive experience in venture capital.
To pitch Propellant Ventures, founders should submit their proposals through the firm's website. A well-structured deck should include the business model, market analysis, and team qualifications. The firm appreciates concise presentations that clearly articulate the startup's value proposition.
As of October 2023, Propellant Ventures continues to actively invest in early-stage startups in the Midwest. The firm has recently added notable companies to its portfolio, including SquareStack and SupplyHive, which align with its focus on tech-enabled B2B solutions.
Propellant Ventures remains committed to addressing the funding gap for entrepreneurs in the region, emphasizing its role in fostering growth and innovation.
What are Propellant Ventures' investment criteria?
Propellant Ventures invests in early-stage startups, specifically in the Pre-Seed and Seed stages. The firm focuses on tech-enabled B2B companies across sectors such as healthcare, fintech, edtech, industrial, and AI.
How can I apply or pitch to Propellant Ventures?
Founders can submit their pitches through the Propellant Ventures website at propellant.vc. The firm encourages detailed presentations that outline the business model, market opportunity, and team background.
What makes Propellant Ventures different from other VC firms?
Propellant Ventures specifically targets the underserved Midwest market, aiming to address the funding gap for early-stage entrepreneurs. The firm focuses on reasonable valuations and a strong entrepreneurial ecosystem in the region.
What is the geographic scope of Propellant Ventures?
The firm primarily invests in the Midwest region of the United States, recognizing the unique opportunities available in this area.
What is the typical fund size and check size?
Propellant Ventures typically invests between $25,000 and $500,000, with initial investments per company generally ranging from $100,000 to $500,000.
What is Propellant Ventures' post-investment involvement?
The firm actively supports its portfolio companies through mentorship, operational guidance, and access to its network, ensuring that founders have the resources they need to succeed.
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