# Capital Midwest: portfolio, investments and team > Capital Midwest is a vc firm based in United States. 8 investments on record, latest Jul 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/capital-midwest-fund (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Capital Midwest Last cheque observed Jul 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet New fund $14M, Aug 2021 VC firm Seed Series A Series B SaaS Subscription Enterprise Follow Capital Midwest and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcapital-midwest-fund) Cheques on record **0%** of best year **0** **cheques in 12 months**, 8 on record Since the last cheque **480** days **00** hrs **00** min **00** sec Median round **$8.0M** Cheque size, as they say **$500K – $2.0M** Rounds led **1 of 8** Sole investor **1 rounds** Mostly in **United States, 100%** Pitch Capital Midwest ## Capital Midwest highlights - 01 8 rounds on record - 02 Mostly Series B and Series A: 57% of its rounds - 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:** Seed Series A Series B - **Sectors:** SaaS Subscription Enterprise - **Based in:** Mequon, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **8 appearances** - **2025** 1 round - **Jul** **[ServiceUp](https://millionrounds.com/company/serviceup)** Series B · US · Crunchbase News **$55M** With 5 others - **2019** 1 round - **Aug** **[AIQ Solutions](https://millionrounds.com/company/aiq-solutions)** US · Xconomy **$3.2M** *Led* - **2018** 1 round - **Jan** **[SkySpecs](https://millionrounds.com/company/skyspecs)** Series B · US · FinSMEs **$8.0M** With 3 others - **2014** 2 rounds - **Apr** **[ProNAi Therapeutics](https://millionrounds.com/company/pronai-therapeutics)** Series D · US **$60M** With 8 others - **Jan** **[ProNAi Therapeutics](https://millionrounds.com/company/pronai-therapeutics)** Series C · US **$12M** Sole investor - **2012** 1 round - **Jan** **[CytoPherx](https://millionrounds.com/company/cytopherx)** Venture · US · finsmes.com **$34M** With 9 others - **2011** 1 round - **Oct** **[HarQen](https://millionrounds.com/company/harqen)** Series B · US · jsonline.com **$4.3M** With 6 others - **2010** 1 round - **Jan** **[HarQen](https://millionrounds.com/company/harqen)** Series A · US · finsmes.com **$2.7M** With 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 registration **4 named** AV **Alvin Vitangcol** Principal of Capital Midwest Advisors, LLC i Filing they signed DE **Daniel Einhorn** Principal of Capital Midwest Advisors, LLC i Filing they signed SE **Stephen Einhorn** Principal of Capital Midwest Advisors, LLC i Filing they signed TE **Teresa Esser** Principal of Capital Midwest Advisors, LLC i Filing 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 Solutions](https://millionrounds.com/company/aiq-solutions)[AdAdapted](https://millionrounds.com/company/adadapted)[Albiware](https://millionrounds.com/company/albiware)[BitSight](https://millionrounds.com/company/bitsight)[Blue Pillar](https://millionrounds.com/company/blue-pillar)[Capacity](https://millionrounds.com/company/capacity)[Elate](https://millionrounds.com/company/elate)[FRAYT](https://millionrounds.com/company/frayt)[Forecastr](https://millionrounds.com/company/forecastr)[HarQen](https://millionrounds.com/company/harqen)[Health Scholars](https://millionrounds.com/company/health-scholars)[LiquidCool Solutions](https://millionrounds.com/company/liquidcool-solutions)[Lumanu](https://millionrounds.com/company/lumanu)[NuCurrent](https://millionrounds.com/company/nucurrent)[Realync](https://millionrounds.com/company/realync)[Shoptelligence](https://millionrounds.com/company/shoptelligence)[SkySpecs](https://millionrounds.com/company/skyspecs)[ThirdPartyTrust](https://millionrounds.com/company/thirdpartytrust)[Valid8 Financial](https://millionrounds.com/company/valid8-financial)[backstitch](https://millionrounds.com/company/backstitch)[realityBLU](https://millionrounds.com/company/realityblu) AppraisalVision BetterYou Generac Hologram Intellihot OnKöl Physician Software Systems Sprocket Security Susquehanna Textel [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. New fund on file **$14M** raised in Aug 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$8.0M** the round, not its cheque Alone, median **$12M** Led 1 of 8 rounds **13%** - **Said size:** $500K – $2.0M - **Sole investor:** 1 rounds - **Last cheque:** Jul 2025 Rounds by stage said on their site - Series B said *3* - Series A said *1* - Series C *1* - Series D *1* - Venture *1* - Seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Apjohn Ventures Fund, LP](https://millionrounds.com/fund/apjohn-ventures-fund-lp) 2 - [Phenomenelle Angels](https://millionrounds.com/fund/phenomenelle-angels) 2 - [Silicon Pastures](https://millionrounds.com/fund/silicon-pastures-llc) 2 - [Wisconsin Investment Partners](https://millionrounds.com/fund/wisconsin-investment-partners) 2 **Pitching Capital Midwest?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**Apjohn Ventures Fund, LP** VC firm **2** rounds together](https://millionrounds.com/fund/apjohn-ventures-fund-lp)[**Phenomenelle Angels** Angel **2** rounds together](https://millionrounds.com/fund/phenomenelle-angels)[**Silicon Pastures** Angel network **2** rounds together](https://millionrounds.com/fund/silicon-pastures-llc)[**Wisconsin Investment Partners** VC firm **2** rounds together](https://millionrounds.com/fund/wisconsin-investment-partners) ## Recently backed The latest companies Capital Midwest put money into. [**ServiceUp** $55M · Jul 2025](https://millionrounds.com/company/serviceup)[**AIQ Solutions** $3.2M · Aug 2019](https://millionrounds.com/company/aiq-solutions)[**SkySpecs** $8.0M · Jan 2018](https://millionrounds.com/company/skyspecs) ## 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. Find similar investorsOpen your CRM 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=capital-midwest-fund) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=capital-midwest-fund)