Capital Midwest Fund (CMF) is a Mequon, Wisconsin-based venture capital firm that invests in revenue-stage B2B technology, industrial, manufacturing, healthcare, and life-science companies across the Central United States. The firm typically invests in companies with $1–2 million in annual recurring revenue and helps build them toward $10 million in revenue.
Their most common stage is series-a (47% of deals). Average disclosed round size is $11.9M (across 17 rounds with reported amounts).
Portfolio
16
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
17 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Sprocket Security | Series A | $8M | Jan 2024 |
| VValid8 | Series A | $8.5M | Jan 2024 |
 Valid8 Financial | Series A | $8.5M | Nov 2023 |
 Elate | Series A | $4.9M | Mar 2023 |
 FRAYT | Series A | $7M | Jan 2023 |
 BetterYou | Series A | $6M | Jan 2023 |
| VValid8 | Series A | $8.5M | Jan 2023 |
 LightGuide | Series B | $15M | Jul 2021 |
 ThirdPartyTrust | Unknown | $4.5M | Jan 2020 |
 Health Scholars | Series B | $17M | Jan 2020 |
 SkySpecs | Series C | $17M | Dec 2019 |
 LiquidCool Solutions | Unknown | $18.5M | Oct 2013 |
| PProNai | Series C | $12M | Jan 2012 |
 Kidsy | Pre-Seed | $1M | — |
 FactoryFix | Series A | $10M | — |
 ServiceUp | Series B | $55M | — |
| KKloopify | Seed | $1.5M | — |
Top Co-Investors
Touchdown Ventures3 shared
First Trust Capital Partners3 shared
Silverton Partners3 shared
Everywhere Ventures2 shared
Trucks Venture Capital1 shared
Impellent Ventures1 shared
Initialized Capital1 shared
Hustle Fund1 shared
Wave Capital1 shared
Sierra Ventures1 shared
M251 shared
Pritzker Group Venture Capital1 shared
Elevate Ventures1 shared
HPA1 shared
Flywheel Fund1 shared
G2 Venture Partners1 shared
Grotech Ventures1 shared
Hyde Park Venture Partners1 shared
JobsOhio1 shared
Venture 531 shared
Last updated: 8 September 2026