MATH Venture Partners

MATH Venture Partners is a Chicago-based early-stage venture capital firm established in 2013, known for its distinctive focus on companies that possess an "unfair advantage in customer acquisition." The firm primarily targets B2B SaaS, marketplace, and consumer businesses, seeking out innovative models that demonstrate exceptional efficiency and scalability in attracting and retaining customers. Their investment philosophy centers on identifying teams capable of building robust customer acquisition engines, which they believe is a critical driver of long-term success and value creation.

The firm typically engages with companies at the Seed to Series A stages, providing initial investments that generally range from $1 million to $3 million. While their initial commitment falls within this range, MATH Venture Partners is also prepared to make significant follow-on investments, potentially bringing their total capital deployment per company up to $5 million over time. This approach underscores their commitment to supporting portfolio companies through various growth milestones, leveraging their expertise in go-to-market strategies and scalable customer acquisition tactics.

MATH Venture Partners has raised several funds to support its investment activities, including a $27 million Fund I, a $46 million Fund II, a $70 million Fund III, and most recently, a $100 million Fund IV. This progression in fund size reflects their growing presence and continued commitment to the early-stage ecosystem. With a total AUM exceeding $240 million across these funds, the firm actively partners with founders, offering strategic guidance and operational support to help them optimize their customer acquisition funnels and achieve sustainable growth.