What does M25 invest in?
M25 invests most often at Seed and Venture (78% of the rounds on record), in sectors such as Finance, Insurance and Supply Chain.

United States · Investor
Last cheque observed Sep 2026; 115 cheques on record.
Deploying nowNew fund $28M, Dec 2024VC firm
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13 cheques in the last 12 months
Mostly Seed and Venture: 78% of its rounds
Sole investor in 12 rounds, median $700K
M25 is an early-stage venture firm based in Chicago, investing exclusively in tech startups headquartered in the Midwest.From their own website
Every round we can evidence, newest first115 appearances
11 rounds
16 rounds
12 rounds
13 rounds
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.
Named by the firm itself, on a filing, its Form ADV or its company registration3 named
We also hold 6 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.
From the firm's own filings with the SEC, which it must file accurately by law
From their own portfolio page (on their website)
Midwest Startups
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.
The investors most often in the same rounds as M25. A count of rooms they were both in, not a relationship either has claimed.
The latest companies M25 put money into.
M25 invests most often at Seed and Venture (78% of the rounds on record), in sectors such as Finance, Insurance and Supply Chain.
115 investments on record, 13 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.
Its most recent investments on record: Noise (Seed, Sept 2026), Aerovy (Venture, Sept 2026) and ConstructionClock (Debt, Jul 2026).
The median round it joins is $2.2M. It says it writes cheques of $250K to $500K.
Sometimes: it led 1 of its 115 investments on record (1%).
Most of the companies it backs are in the United States (92%) and Canada (8%).
Yes: it is actively investing, with 13 investments in the last 12 months.
Most often Techstars (11 rounds together), Connetic Ventures (8 rounds together) and Right Side Capital Management (8 rounds together).
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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