M25 is an early-stage venture firm based in Chicago, focusing exclusively on tech startups headquartered in the Midwest. As one of the most active investors in the region, they invest broadly across sectors, typically participating in seed and Series A rounds. Their analytical approach aims to reduce risk while maintaining high returns associated with early-stage investing.
The firm's portfolio includes notable companies such as Kin Insurance, Loop, and Upsie. M25 emphasizes its expansive networks and collaborative approach, providing value beyond capital to its portfolio companies. Led by young fund managers, M25 challenges traditional venture capital norms and leverages its Midwest focus to identify and nurture the next generation of unicorns in the region.
M25 - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments133
Current Portfolio Count86
Total Portfolio Exits4
Top Investment Stages
Seed82 (62.6%)
Series A28 (21.4%)
Pre-Seed10 (7.6%)
Series Unknown8 (6.1%)
Series B3 (2.3%)
Stage Mix
Seed 63%Series A 21%Pre-Seed 8%Series Unknown 6%Series B 2%
Concentration shown as share of disclosed investments by stage.
M25 - Classification
- NAICS
- 520000Finance and Insurance
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 523900Other Financial Investment Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6700Holding And Other Investment Offices
- 6790Miscellaneous Investing
- 6799Investors, Not Elsewhere Classified
Show 6 more industry codes
- NAICS
- 525000Funds, Trusts, and Other Financial Vehicles
- 523910Miscellaneous Intermediation
- 523940Portfolio Management and Investment Advice
- SIC
- 6000Depository Institutions
- 6720Investment Offices
- 6722Management Investment Offices, Open-end