M25 is an early-stage venture firm based in Chicago, investing exclusively in tech startups headquartered in the Midwest. The firm utilizes an analytical, data-driven approach to reduce risk and has invested in 150+ companies across 14 states since its inception in 2015.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 4 prior). Their most common stage is seed (42% of deals). Average disclosed round size is $4.9M (across 81 rounds with reported amounts).
Portfolio
67
Fund Size
—
Top Stage
Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
83 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Benji | Seed | $6.3M | Jan 2026 |
 Construction Clock | Seed | $2M | Dec 2025 |
 Pavewise | Seed | $2.5M | Oct 2025 |
 Swept.ai | Pre-Seed | $1.4M | Aug 2025 |
 Swept | Pre-Seed | $1.4M | Jan 2025 |
 Continuum | Seed | $4.1M | Nov 2024 |
 Hummingbird | Seed | $5.4M | Oct 2024 |
 Hummingbirds | Seed | $5.4M | Oct 2024 |
 Pear Commerce | Series A | $10M | Jun 2024 |
 Continuum Global Solutions | Pre-Seed | $1.7M | Apr 2024 |
| Continuum | Pre-Seed | $1.7M | Apr 2024 |
 Redi Health | Series B | $14M | Feb 2024 |
| VVigil | Pre-Seed | $1.3M | Jan 2024 |
| WWorkshop | Series A | $12M | Nov 2023 |
 Elate | Series A | $4.9M | Mar 2023 |
 Pitchly | Series A | $7M | Mar 2023 |
| Hummingbirds | Seed | $3.3M | Jan 2023 |
 Axuall | Series B | $20M | Jan 2023 |
| MMVMNT | Series A | $20M | Oct 2022 |
| WWorkshop | Seed | $5.2M | Jul 2022 |
 Apfusion | Seed | $6.5M | Jul 2022 |
 Whistle | Seed | $3.2M | Mar 2022 |
 Rebundle | Pre-Seed | $1.4M | Jan 2022 |
 Whipz | Pre-Seed | $1.8M | Jan 2022 |
 Blumira | Series A | $10.3M | Aug 2021 |
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Top Co-Investors
Service Provider Capital16 shared
Techstars7 shared
Dundee Venture Capital6 shared
MATH Venture Partners6 shared
HPA5 shared
Backstage Capital5 shared
Hyde Park Venture Partners5 shared
Nelnet5 shared
gener8tor4 shared
Elevate Ventures4 shared
Matchstick Ventures4 shared
Next Level Ventures4 shared
ISA Ventures4 shared
Menlo Ventures4 shared
Debut Capital4 shared
S3 Ventures4 shared
High Alpha4 shared
Silicon Valley Bank3 shared
Rev1 Ventures3 shared
Clocktower Technology Ventures3 shared
Last updated: 20 October 2026