United States · Investor

Capital Midwest

Last cheque observed Jul 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $14M, Aug 2021VC firm

SeedSeries ASeries BSaaSSubscriptionEnterprise

Cheques on record
0%of best year0cheques in 12 months, 8 on record
Since the last cheque480days00hrs00min00sec
Median round$8.0MCheque size, as they say$500K – $2.0MRounds led1 of 8Sole investor1 roundsMostly inUnited States, 100%
Pitch Capital Midwest

Capital Midwest highlights

  1. 01

    8 rounds on record

  2. 02

    Mostly Series B and Series A: 57% of its rounds

  3. 03

    Sole investor in 1 rounds, median $12M

What they do

Capital Midwest Fund (CMF) invests in revenue-stage Central United States companies providing problem-solving, technology solutions.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$500K – $2.0M as they say
Stages
SeedSeries ASeries B
Sectors
SaaSSubscriptionEnterprise
Based in
Mequon, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first8 appearances

  1. 2025

    1 round

  2. Jul
    ServiceUpSeries B · US · Crunchbase News$55MWith 5 others
  3. 2019

    1 round

  4. Aug
    AIQ SolutionsUS · Xconomy$3.2MLed
  5. 2018

    1 round

  6. Jan
    SkySpecsSeries B · US · FinSMEs$8.0MWith 3 others
  7. 2014

    2 rounds

  8. Apr
    ProNAi TherapeuticsSeries D · US$60MWith 8 others
  9. Jan
    ProNAi TherapeuticsSeries C · US$12MSole investor
  10. 2012

    1 round

  11. Jan
    CytoPherxVenture · US · finsmes.com$34MWith 9 others
  12. 2011

    1 round

  13. Oct
    HarQenSeries B · US · jsonline.com$4.3MWith 6 others
  14. 2010

    1 round

  15. Jan
    HarQenSeries A · US · finsmes.com$2.7MWith 3 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 registration4 named

AVAlvin VitangcolPrincipal of Capital Midwest Advisors, LLCiFiling they signed
DEDaniel EinhornPrincipal of Capital Midwest Advisors, LLCiFiling they signed
SEStephen EinhornPrincipal of Capital Midwest Advisors, LLCiFiling they signed
TETeresa EsserPrincipal of Capital Midwest Advisors, LLCiFiling they signed

We also hold 4 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 they claim to have backed

From their own portfolio page (on their website)

21 of 33 we have independently watched raise

AIQ SolutionsAdAdaptedAlbiwareBitSightBlue PillarCapacityElateFRAYTForecastrHarQenHealth ScholarsLiquidCool SolutionsLumanuNuCurrentRealyncShoptelligenceSkySpecsThirdPartyTrustValid8 FinancialbackstitchrealityBLUAppraisalVisionBetterYouGeneracHologramIntellihotOnKölPhysician Software SystemsSprocket SecuritySusquehannaTextel[aka SHW Enterprises]​LightGuide

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.

Who they invest alongside

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

Recently backed

The latest companies Capital Midwest put money into.

Quick answers about Capital Midwest

What does Capital Midwest invest in?

Capital Midwest invests most often at Series B and Series A (57% of the rounds on record), in sectors such as SaaS, Subscription and Enterprise.

How active is Capital Midwest?

8 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Jul 2025.

What has Capital Midwest invested in recently?

Its most recent investments on record: ServiceUp (Series B, Jul 2025), AIQ Solutions (Undisclosed round, Aug 2019) and SkySpecs (Series B, Jan 2018).

How big are Capital Midwest's cheques?

The median round it joins is $8.0M. It says it writes cheques of $500K to $2.0M.

Does Capital Midwest lead rounds?

Sometimes: it led 1 of its 8 investments on record (13%).

Where does Capital Midwest invest?

Most of the companies it backs are in the United States (100%).

Is Capital Midwest investing now?

No investments in the last 12 months; the latest was in Jul 2025.

Who does Capital Midwest invest alongside?

Most often Apjohn Ventures Fund, LP (2 rounds together), Phenomenelle Angels (2 rounds together) and Silicon Pastures (2 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it