# 25madison: portfolio, investments and team

> 25madison is an accelerator based in United States. 46 investments on record, 10 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/25madison (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# 25madison

Last cheque observed Sep 2026; 46 cheques on record.

Email

Deploying now New fund $34M, Oct 2026 Accelerator Website unconfirmed

Pre-seed Seed Series A B2b2c Finance Fintech

Follow 25madison and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2F25madison)

Deploying now

**77%** of best year **10** **cheques in 12 months**, 46 on record

Since the last cheque **37** days **00** hrs **00** min **00** sec

Median round **$5.2M** Rounds led **2 of 46** Sole investor **6 rounds** Mostly in **United States, 95%**

Pitch 25madison

## 25madison highlights

- 01 10 cheques in the last 12 months
- 02 Mostly Seed and Venture: 70% of its rounds
- 03 Sole investor in 6 rounds, median $3.2M

## What they do

- **Type:** Accelerator (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** B2b2c Finance Fintech
- **Based in:** New York, United States
- **Cold pitches:** Accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=25madison).

## The record

Every round we can evidence, newest first **46 appearances**

- **2026** 9 rounds
- **Sept** **[Basalt Health](https://millionrounds.com/company/basalt-health)** Series A · US · Ventureburn **$20M** With 3 others
- **Sept** **[Rebuild Technology](https://millionrounds.com/company/rebuild-technology)** Seed · US **$13M** With 3 others
- **Jul** **[Handspring Health](https://millionrounds.com/company/handspring-health)** Series B · US · Nvp Capital **$19M** With 3 others
- **Jul** **[Flourish Health](https://millionrounds.com/company/flourish-health)** Series A · US **$26M** With 1 other
- **Jun** **[Ladder Health](https://millionrounds.com/company/ladder-health)** Seed · US **$7.0M** With 2 others
- **May** **[Century Health](https://millionrounds.com/company/century-health)** Seed · US **$5.0M** With 4 others
- **May** **[Ranger AI](https://millionrounds.com/company/ranger-ai)** Seed · US **$8.4M** With 3 others
- **Apr** **[Miravoice](https://millionrounds.com/company/miravoice)** Seed · US · Crunchbase News **$6.3M** With 2 others
- **Apr** **[Eon Health](https://millionrounds.com/company/eon-health)** Venture · US **$2.0M** With 1 other
- **2025** 13 rounds
- **Nov** **[Intellihealth](https://millionrounds.com/company/intellihealth)** Venture · US **$5.2M** With 3 others
- **Oct** **[Silkline](https://millionrounds.com/company/silkline)** Seed · US **$4.0M** With 2 others
- **Aug** **[Thrive Health Tech](https://millionrounds.com/company/thrive-health-tech)** Seed · US **$5.0M** With 2 others
- **Jul** **[Ovasave](https://millionrounds.com/company/ovasave)** Pre-seed **$1.2M** Sole investor
- **Jun** **[Handspring Health](https://millionrounds.com/company/handspring-health)** Series A · US **$12M** With 3 others
- **May** **[Kouper](https://millionrounds.com/company/kouper)** Seed · US · TechStartups **$10M** With 2 others
- **May** **[Kouper Health](https://millionrounds.com/company/kouper-health)** Series A · US **$10M** With 1 other
- **Apr** **[Opsera](https://millionrounds.com/company/opsera)** Series B · US **$20M** With 4 others
- **Mar** **[Marit Health](https://millionrounds.com/company/marit-health)** Seed · US **$3.2M** Sole investor
- **Mar** **[Ranger AI](https://millionrounds.com/company/ranger-ai)** Pre-seed · US **$2.5M** With 1 other
- **Feb** **[TMRW Sports](https://millionrounds.com/company/tmrw-sports)** Venture · US **$83M** With 1 other
- **Feb** **[Keragon](https://millionrounds.com/company/keragon)** Seed · US **$7.5M** With 2 others
- **Jan** **[Paxton](https://millionrounds.com/company/paxton)** Series A · US **$22M** With 3 others
- **2024** 5 rounds
- **Oct** **[Skylark](https://millionrounds.com/company/skylark)** Venture · US **$1.4M** With 2 others
- **Jun** **[TMRW Sports](https://millionrounds.com/company/tmrw-sports)** Series A · US · Firms' own news pages **Undisclosed** With 24 others
- **Jun** **[Wilya](https://millionrounds.com/company/wilya)** Seed · US **$4.0M** With 2 others
- **Jun** **[Clearpol](https://millionrounds.com/company/clearpol)** Seed · US **$3.3M** With 3 others
- **Mar** **[Coherence](https://millionrounds.com/company/coherence)** Venture · SE **Undisclosed** With 4 others
- **2023** 6 rounds
- **Dec** **[Quantivly](https://millionrounds.com/company/quantivly)** Seed · US **$3.0M** With 4 others
- **Jul** **[Croissant](https://millionrounds.com/company/croissant)** Seed · US **$24M** With 4 others
- **Jun** **[Onda](https://millionrounds.com/company/onda)** Series B · US **$4.7M** Sole investor
- **May** **[TCARE](https://millionrounds.com/company/tcare)** Venture · US **Undisclosed** With 8 others
- **Apr** **[Sourse](https://millionrounds.com/company/sourse)** Seed · US **$2.4M** Sole investor
- **Mar** **[OROS](https://millionrounds.com/company/oros)** Venture · US **$30M** With 4 others
- **2022** 5 rounds
- **Sept** **VineSight** Seed · IL · Lightbank VC **$4.0M** With 4 others
- **Aug** **[Landa](https://millionrounds.com/company/landa)** Debt · US **$62M** With 4 others
- **Aug** **[Demoleap](https://millionrounds.com/company/demoleap)** Seed · US **$4.4M** With 1 other
- **Jan** **[Sagewell Financial](https://millionrounds.com/company/sagewell-financial)** Seed · US **$5.3M** With 3 others
- **Jan** **[Noops](https://millionrounds.com/company/noops)** Venture · US **Undisclosed** With 1 other
- **2021** 3 rounds
- **Jun** **[Boosted Commerce](https://millionrounds.com/company/boosted-commerce)** Venture **Undisclosed** With 2 others
- **May** **[Coterie](https://millionrounds.com/company/coterie)** Venture · US **Undisclosed** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **7 named**

FC **Fannie Chen** Managing Member i Filing they signed

GL **Gary Lee Ginsburg** Managing Member i Form ADV

GS **Grant Silow** Managing Member of the General Partner i Filing they signed

JL **Justine Lee** Managing Member i Filing they signed

MF **Matthew Fremont-Smith** Managing Member i Filing they signed

MA **Merrill Anovick** Managing Member of the General Partner i Filing they signed

SH **Steven Howard Price** Managing Member of the General Partner i Filing they signed

We also hold **28** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$95M** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** 25madison Ventures Management Company, LLC
- **SEC number:** CRD 321930

## What they claim to have backed

From their own portfolio page (on their website)

**17** of 36 we have independently watched raise

[Basalt Health The](https://millionrounds.com/company/basalt-health)[Canopy Wearable personal](https://millionrounds.com/company/canopy-works)[Clearpol Compliance Management](https://millionrounds.com/company/clearpol)[Croissant](https://millionrounds.com/company/croissant)[Eon Natural language](https://millionrounds.com/company/eon-health)[Handspring Health Mental](https://millionrounds.com/company/handspring-health)[Keragon A low-code](https://millionrounds.com/company/keragon)[Kouper Health Discharge](https://millionrounds.com/company/kouper)[Kyra Health Redefining](https://millionrounds.com/company/kyra)[Ladder Comprehensive, holistic](https://millionrounds.com/company/ladder-health)[Marit Take control](https://millionrounds.com/company/marit-health)[Opsera Continuous orchestration](https://millionrounds.com/company/opsera)[Paxton Regulatory compliance](https://millionrounds.com/company/paxton)[Quantivly A radiology](https://millionrounds.com/company/quantivly)[Rebuild](https://millionrounds.com/company/re-build)[Silkline Delivering a](https://millionrounds.com/company/silkline)[TCARE Solving for](https://millionrounds.com/company/tcare) April Health A Clear Comprehensive pricing Creature Flourish Virtual mental FlyteHealth Changing the Gratia Compensation platform Hut 8 Next-generation Lynd Clinical A M7 Health Nurse Midi Virtual care Novacy Behavioral intelligence Offload Modernize how Recourse Claims intelligence SNSE Sift Swap Health Chronic Thrive Mobile Smartphone Truehold Unlocks your Vinesight

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$34M**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.2M** the round, not its cheque Alone, median **$3.2M**

Led 2 of 46 rounds **4%**

- **Sole investor:** 6 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *21*
- Venture *11*
- Series A said *7*
- Series B said *4*
- Pre-seed said *2*
- Debt *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Plug and Play](https://millionrounds.com/fund/plug-and-play) 5
- [SixThirty](https://millionrounds.com/fund/sixthirty) 3
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 2
- [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) 2
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 2
- [Frist Cressey Ventures](https://millionrounds.com/fund/frist-cressey-ventures) 2

**Pitching 25madison?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as 25madison. A count of rooms they were both in, not a relationship either has claimed.

[**Plug and Play** Accelerator **5** rounds together](https://millionrounds.com/fund/plug-and-play)[**SixThirty** Accelerator **3** rounds together](https://millionrounds.com/fund/sixthirty)[**Alumni Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Bonfire Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/bonfire-ventures)[**BoxGroup** VC firm **2** rounds together](https://millionrounds.com/fund/boxgroup)[**Frist Cressey Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/frist-cressey-ventures)[**Gaingels** Private equity **2** rounds together](https://millionrounds.com/fund/gaingels)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Lightbank** VC firm **2** rounds together](https://millionrounds.com/fund/lightbank)[**NextView Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/nextview-ventures)[**Nina Capital** VC firm **2** rounds together](https://millionrounds.com/fund/nina-capital)[**Nvp Capital** VC firm **2** rounds together](https://millionrounds.com/fund/nvp-capital)

## Recently backed

The latest companies 25madison put money into.

[**Basalt Health** $20M · Sept 2026](https://millionrounds.com/company/basalt-health)[**Handspring Health** $19M · Jul 2026](https://millionrounds.com/company/handspring-health)[**Flourish Health** $26M · Jul 2026](https://millionrounds.com/company/flourish-health)[**Ladder Health** $7.0M · Jun 2026](https://millionrounds.com/company/ladder-health)[**Century Health** $5.0M · May 2026](https://millionrounds.com/company/century-health)[**Ranger AI** $8.4M · May 2026](https://millionrounds.com/company/ranger-ai)

## Quick answers about 25madison

### What does 25madison invest in?

25madison invests most often at Seed and Venture (70% of the rounds on record), in sectors such as B2b2c, Finance and Fintech.

### How active is 25madison?

46 investments on record, 10 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has 25madison invested in recently?

Its most recent investments on record: Basalt Health (Series A, Sept 2026), Rebuild Technology (Seed, Sept 2026) and Handspring Health (Series B, Jul 2026).

### How big are 25madison's cheques?

The median round it joins is $5.2M.

### Does 25madison lead rounds?

Sometimes: it led 2 of its 46 investments on record (4%).

### Where does 25madison invest?

Most of the companies it backs are in the United States (95%).

### Is 25madison investing now?

Yes: it is actively investing, with 10 investments in the last 12 months.

### Who does 25madison invest alongside?

Most often Plug and Play (5 rounds together), SixThirty (3 rounds together) and Alumni Ventures (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=25madison) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=25madison)