MATH VENTURE PARTNERS MANAGEMENT, LLC

Thesis

MATH Venture Partners is a venture capital firm founded in 2014 in Chicago, Illinois, specializing in early to growth-stage digital technology companies. Their core investment thesis centers on companies possessing a competitive advantage in customer acquisition and retention, such as leveraged distribution, network effects, product-led growth, and community-driven strategies. They primarily invest in highly scalable B2B businesses with recurring revenue, including software and marketplace models, with over 80% of capital allocated to B2B. MATH employs a hands-on approach, offering strategic guidance, operational support, and mentorship to help startups scale, acting as a 'force multiplier' for entrepreneurs. The firm closed a $46 million second fund (MATH II) in April 2019, targeting approximately 15 venture investments of up to $2 million and 20-25 seed investments of $100,000 each. Their investment stages range from pre-seed to Series B. Geographically, they focus on companies in the United States, particularly the Midwest and other under-capitalized markets, as well as Canada. Typical venture investments range from $1-2 million, with seed investments around $100,000. As of July 2022, MATH Venture Partners announced they would not be raising a third fund and are no longer making new investments, though they remain committed to supporting their existing portfolio. Their headquarters are in Chicago, Illinois.