# MATH Venture Partners: portfolio, investments and team

> MATH Venture Partners is a vc firm based in United States. 24 investments on record, latest Jul 2022. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/math-venture-partners (Millionrounds; every figure on the page links to its filing or article)

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

# MATH Venture Partners

Last cheque observed Jul 2022. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $44M, Apr 2019 VC firm

Pre-seed Seed Series A Loyalty Programs Mobile SaaS

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 24 on record

Since the last cheque **1559** days **00** hrs **00** min **00** sec

Median round **$4.3M** Cheque size, as they say **$100K – $2.0M** Rounds led **1 of 24** Mostly in **United States, 100%**

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## MATH Venture Partners highlights

- 01 24 rounds on record
- 02 Mostly Series A and Seed: 74% of its rounds
- 03 Led 1 rounds

## What they do

> MATH Venture Partners is no longer making new investments. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $2.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Loyalty Programs Mobile SaaS
- **Based in:** Chicago, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **24 appearances**

- **2022** 1 round
- **Jul** **[86 Repairs](https://millionrounds.com/company/86-repairs)** Series A · US · Lightbank VC **$15M** With 7 others
- **2019** 8 rounds
- **Dec** **[Trainual](https://millionrounds.com/company/trainual)** Series A · US · FinSMEs **$6.8M** With 1 other
- **Nov** **[2ndKitchen](https://millionrounds.com/company/2ndkitchen)** Seed · US · FinSMEs **$4.3M** With 7 others
- **Nov** **[Popwallet](https://millionrounds.com/company/popwallet)** Seed · US · Prnewswire **$4.0M** With 6 others
- **Jul** **[Built In](https://millionrounds.com/company/built-in)** Series C · US · FinSMEs **$22M** With 1 other
- **May** **[86 Repairs](https://millionrounds.com/company/86-repairs)** US · FinSMEs **$1.5M** With 5 others
- **Apr** **[Virtuous](https://millionrounds.com/company/virtuous)** Series A · US · Bizjournals **$3.0M** *Led*
- **Apr** **[TripScout](https://millionrounds.com/company/tripscout)** Seed · US · FinSMEs **$2.0M** With 8 others
- **Feb** **[rMark Bio](https://millionrounds.com/company/rmark-bio)** Seed · US · FinSMEs **$1.5M** With 2 others
- **2018** 2 rounds
- **Nov** **[Jiobit](https://millionrounds.com/company/jiobit)** US · Chicagobusiness **$6.5M** With 7 others
- **May** **[First.io](https://millionrounds.com/company/first-io)** Series A · US · FinSMEs **$5.0M** With 3 others
- **2017** 3 rounds
- **Jul** **[SpotHero](https://millionrounds.com/company/spothero)** Series C · US · FinSMEs **$30M** With 11 others
- **Mar** **[Music Audience Exchange](https://millionrounds.com/company/music-audience-exchange)** US · FinSMEs **$6.0M** With 2 others
- **Jan** **[Jiobit](https://millionrounds.com/company/jiobit)** US · FinSMEs **$3.0M** With 9 others
- **2016** 1 round
- **Dec** **[Maxwell Financial Labs](https://millionrounds.com/company/maxwell-financial-labs)** US · FinSMEs **$1.9M** With 1 other
- **2015** 8 rounds
- **Dec** **[EatStreet](https://millionrounds.com/company/eatstreet)** Series C · US **$15M** With 4 others
- **Oct** **[CardFlight](https://millionrounds.com/company/cardflight)** Series A · US **$4.2M** With 5 others
- **Jul** **[Spoon University](https://millionrounds.com/company/spoon-university)** Seed · US **$2.0M** With 10 others
- **Apr** **[Acorns](https://millionrounds.com/company/acorns)** Series C · US **$23M** With 5 others
- **Apr** **[RedSeal, Inc.](https://millionrounds.com/company/redseal-inc)** Series C · US **$17M** With 8 others
- **Mar** **[ThinkCERCA](https://millionrounds.com/company/thinkcerca)** Series A · US **$3.2M** With 5 others
- **Feb** **[NoRedInk](https://millionrounds.com/company/noredink)** Series A · US **$6.0M** With 7 others
- **Jan** **[Apervita](https://millionrounds.com/company/apervita)** Series A · US **$18M** With 3 others
- **2014** 1 round
- **Dec** **[NowSecure](https://millionrounds.com/company/nowsecure)** Series A · US **$13M** With 2 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**

DL **Dana Lynn Wright** Managing Director i Filing they signed

LM **Leo M. Henikoff** Manager/Member i Form ADV

MA **Mark Achler** Managing Director i Filing they signed

TH **Troy Henikoff** Managing Director i Filing they signed

We also hold **5** 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

**$105M** gross assets of its funds Oct 2026

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

- **Legal name:** MATH Venture Partners Management, LLC
- **SEC number:** CRD 194519

New fund on file

**$44M**

raised in Apr 2019

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 **$4.3M** the round, not its cheque

Led 1 of 24 rounds **4%**

- **Said size:** $100K – $2.0M
- **Sole investor:** Never alone
- **Last cheque:** Jul 2022

Rounds by stage said on their site

- Series A said *9*
- Seed said *5*
- Series C *5*
- Pre-seed said *-*
- Series B said *-*
- Growth said *-*

Cheques by year Led Joined

2014 2022

Often in the room with

- [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) 3
- [M25](https://millionrounds.com/fund/m25) 3
- [Sandalphon Capital](https://millionrounds.com/fund/sandalphon-capital) 3
- [Techstars](https://millionrounds.com/fund/techstars) 3
- [4490 Ventures](https://millionrounds.com/fund/4490-ventures) 2
- [Baird Capital](https://millionrounds.com/fund/baird-capital) 2

**Pitching MATH Venture Partners?** 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 MATH Venture Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Great Oaks Venture Capital** VC firm **3** rounds together](https://millionrounds.com/fund/great-oaks-venture-capital)[**M25** VC firm **3** rounds together](https://millionrounds.com/fund/m25)[**Sandalphon Capital** VC firm **3** rounds together](https://millionrounds.com/fund/sandalphon-capital)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**4490 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/4490-ventures)[**Baird Capital** Wealth manager **2** rounds together](https://millionrounds.com/fund/baird-capital)[**Corazon Capital** VC firm **2** rounds together](https://millionrounds.com/fund/corazon-capital)[**Hyde Park Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/hyde-park-venture-partners)[**Lior Ron** Angel **2** rounds together](https://millionrounds.com/fund/lior-ron)[**Pritzker Group** Private equity **2** rounds together](https://millionrounds.com/fund/pritzker-group)[**Tamarind Hill** VC firm **2** rounds together](https://millionrounds.com/fund/tamarind-hill)[**Wakestream Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/wakestream-ventures)

## Recently backed

The latest companies MATH Venture Partners put money into.

[**86 Repairs** $15M · Jul 2022](https://millionrounds.com/company/86-repairs)[**Trainual** $6.8M · Dec 2019](https://millionrounds.com/company/trainual)[**2ndKitchen** $4.3M · Nov 2019](https://millionrounds.com/company/2ndkitchen)[**Popwallet** $4.0M · Nov 2019](https://millionrounds.com/company/popwallet)[**Built In** $22M · Jul 2019](https://millionrounds.com/company/built-in)[**rMark Bio** $1.5M · Feb 2019](https://millionrounds.com/company/rmark-bio)

## Mentioned on podcasts

Episodes that name MATH Venture Partners in their description, not their title.

- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 8 Aug 2022 · 1h 11m 345. How to Maximize Return When Selling a Startup, Twitter's Terms Battle, and Why MATH Ventures is Exiting Right (Mark Achler & Mert Iseri) With [Mark Achler](https://millionrounds.com/person/mark-achler)[Mert Iseri](https://millionrounds.com/person/mert-iseri) Mentions [MATH Venture Partners](https://millionrounds.com/fund/math-venture-partners) Apple PodcastsShow page
- [Give First](https://millionrounds.com/podcasts/give-first) 16 Feb 2022 · 26 min Authors Mark Achler and Mert Iseri on Exit Strategy and Building Your Legacy With [Mark Achler](https://millionrounds.com/person/mark-achler)[Mert Iseri](https://millionrounds.com/person/mert-iseri) Mentions [Jeff Bezos](https://millionrounds.com/fund/jeff-bezos)[MATH Venture Partners](https://millionrounds.com/fund/math-venture-partners) Apple PodcastsShow page

## Quick answers about MATH Venture Partners

### What does MATH Venture Partners invest in?

MATH Venture Partners invests most often at Series A and Seed (74% of the rounds on record), in sectors such as Loyalty Programs, Mobile and SaaS.

### How active is MATH Venture Partners?

24 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Jul 2022.

### What has MATH Venture Partners invested in recently?

Its most recent investments on record: 86 Repairs (Series A, Jul 2022), Trainual (Series A, Dec 2019) and 2ndKitchen (Seed, Nov 2019).

### How big are MATH Venture Partners's cheques?

The median round it joins is $4.3M. It says it writes cheques of $100K to $2.0M.

### Does MATH Venture Partners lead rounds?

Sometimes: it led 1 of its 24 investments on record (4%).

### Where does MATH Venture Partners invest?

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

### Is MATH Venture Partners investing now?

No investments in the last 12 months; the latest was in Jul 2022.

### Who does MATH Venture Partners invest alongside?

Most often Great Oaks Venture Capital (3 rounds together), M25 (3 rounds together) and Sandalphon Capital (3 rounds together).

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