Investments
53Portfolio Exits
8Funds
2Service Providers
1About MATH Venture Partners
MATH Venture Partners is an early to middle-stage fund managed by a seasoned team of hand's-on investors and operators. The fund focuses on entrepreneurial teams who have a deep appreciation and exceptional talent built into their core DNA around customer acquisition. MATH forms deep and personal partnerships with entrepreneurs. Our team has built and scaled many large companies to successful exits.
MATH Venture Partners Headquarter Location
222 West Merchandise Mart Plaza Suite 1212
Chicago, Illinois, 60654,
United States
312-404-4555
MATH Venture Partners Web Traffic
MATH Venture Partners Rank
Latest MATH Venture Partners News
May 7, 2022
Chingona Ventures , a three-year-old, Chicago-based venture outfit that invests in pre-seed startups, primarily in the Midwest and primarily founded by overlooked individuals who are focused on massive markets, has closed a new fund with $52 million in capital commitments. Limited partners in the new fund include PayPal Ventures, Norwest Venture Partners, Melinda Gates’s Pivotal Ventures, Foundry Group, and the Office of the Illinois State Treasurer’s Illinois Growth and Innovation Fund, among others. It’s a huge step up from the outfit’s $6 million debut fund and a sign of confidence in Samara Hernandez, an engineer who spent six years at Goldman Sachs before joining the venture firm Math Venture Partners in 2015 as an investor and then striking out on her own in 2019 with Chingona, where she remains the firm’s sole general partner. While it’s a little too early to judge the success of her portfolio, Hernandez has been active, managing to work checks of between $100,000 and $250,000 into 27 companies with that first fund, and investing in eight more with her second effort. Among these portfolio companies is Career Karma , a four-year-old startup that matches employees and contractors to job training programs in the marketplace (and that raised $40 million in January) and Suma Wealth , a financial wellness platform for the Latino community that has raised $6.6 million to date, per Crunchbase data. Both startups underscore Chingona’s areas of interest, which include fintech startups, as well as startups focused on health and wellness, food tech, and the future of learning. They also play to Hernandez’s strengths, including an understanding of the massive and growing Latino market in the case of Suma Wealth. (Hernandez, who was born in Mexico and raised in the U.S., notes that one of every four kids being born today in the U.S. is Latino yet that Latinx companies still attract less than 1% of venture capital funding in this country.) She is also willing to back founders who’ve heard no from other backers, as with Ruben Harris, the cofounder of Career Karma. Though Harris and his cofounders had passed through Y Combinator, he had a network, and he lived, at the time, in Silicon Valley, he reached out to Hernandez cold over Twitter after countless other meetings where he was passed over. “They didn’t believe his strategy but I believed in him so I ended up investing,” says Hernandez. (Career Karma earlier this year expanded on its initial strategy, which was to help aspiring students and working professionals navigate their way to the right bootcamp. Harris also recently moved to Miami from the Bay Area.) Indeed, with far more capital at her disposal, Hernandez says the plan is to do more of the same, with slightly larger checks, ranging from $250,000 to $1 million. Chingona — a Spanish word for a woman who is fearless and gets things done, says Hernandez — wants to “be the first and largest check into a round,” she says. “What I realized with fund one is that a lot of these founders really need someone to lead and to write the biggest check and help catalyze the round.” With investors like PayPal and Insight now looking to her for some of their deal flow, she’s more than happy to lead the way.
MATH Venture Partners Investments
53 Investments
MATH Venture Partners has made 53 investments. Their latest investment was in Virtuous as part of their Unattributed VC on March 3, 2022.
MATH Venture Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/8/2022 | Unattributed VC | Virtuous | $2.38M | No | 1 | |
11/15/2021 | Seed VC | QuickHire | $1.41M | Yes | Accelerate Venture Partners, JFF, KCRise Fund, Revolution Rise Of The Rest Seed Fund, Sandalphon Capital, Sixty8 Capital, Tenzing Capital Ventures, and Undisclosed Investors | 5 |
8/10/2021 | Seed VC | TeamGenius | $1.1M | Yes | 2 | |
7/30/2021 | Series B | |||||
6/30/2021 | Series B |
Date | 3/8/2022 | 11/15/2021 | 8/10/2021 | 7/30/2021 | 6/30/2021 |
---|---|---|---|---|---|
Round | Unattributed VC | Seed VC | Seed VC | Series B | Series B |
Company | Virtuous | QuickHire | TeamGenius | ||
Amount | $2.38M | $1.41M | $1.1M | ||
New? | No | Yes | Yes | ||
Co-Investors | Accelerate Venture Partners, JFF, KCRise Fund, Revolution Rise Of The Rest Seed Fund, Sandalphon Capital, Sixty8 Capital, Tenzing Capital Ventures, and Undisclosed Investors | ||||
Sources | 1 | 5 | 2 |
MATH Venture Partners Portfolio Exits
8 Portfolio Exits
MATH Venture Partners has 8 portfolio exits. Their latest portfolio exit was 2ndKitchen on December 07, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/7/2021 | Acquired | 2 | |||
Date | 12/7/2021 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
MATH Venture Partners Fund History
2 Fund Histories
MATH Venture Partners has 2 funds, including Math Venture Partners II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
4/19/2019 | Math Venture Partners II | Early-Stage Venture Capital | Closed | $44M | 6 |
4/2/2015 | Math Venture Partners |
Closing Date | 4/19/2019 | 4/2/2015 |
---|---|---|
Fund | Math Venture Partners II | Math Venture Partners |
Fund Type | Early-Stage Venture Capital | |
Status | Closed | |
Amount | $44M | |
Sources | 6 |
MATH Venture Partners Service Providers
1 Service Provider
MATH Venture Partners has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
MATH Venture Partners Team
3 Team Members
MATH Venture Partners has 3 team members, including current Managing Director, Mark Achler.
Name | Work History | Title | Status |
---|---|---|---|
Mark Achler | Redbox, Emmi Solutions, Kettle Partners, SPSS, and Apple | Managing Director | Current |
Troy Henikoff | Techstars, Techstars Chicago, OneWed, Northwestern University, SurePayroll, Jellyvision, and Medline | Managing Director | Current |
Dana Zachgo Wright | Gavilon, Hewitt Associates, ConAgra Foods, American Century Investments, and Arthur Andersen | Managing Director | Current |
Name | Mark Achler | Troy Henikoff | Dana Zachgo Wright |
---|---|---|---|
Work History | Redbox, Emmi Solutions, Kettle Partners, SPSS, and Apple | Techstars, Techstars Chicago, OneWed, Northwestern University, SurePayroll, Jellyvision, and Medline | Gavilon, Hewitt Associates, ConAgra Foods, American Century Investments, and Arthur Andersen |
Title | Managing Director | Managing Director | Managing Director |
Status | Current | Current | Current |
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