Where is mHUB's headquarters located?

mHUB's headquarters is located in Chicago (United States).

How big is mHUB's investment team?

mHUB has a team of 47, including 21 partners.

How many companies has mHUB invested in?

mHUB has invested in 5 companies, including Iothic & Madison Scientific.

Which companies has mHUB invested in lately?

Madison Scientific & NovaXS are the latest investments by mHUB.

mHUB - 2026 Investor Profile, Portfolio, Team & Investment Trends

mHUB, an accelerator and incubator program founded in 2016, is based in Chicago, United States. With a presence in 2 countries, it has supported around 5 startups in sectors like High Tech, Enterprise Applications. Most notable companies in its portfolio include Iothic, Madison Scientific and Aerospec. The program is backed by a team of 47 people who primarily support Seed startups based in United States. Its latest investment was a $10M Series A round in Madison Scientific on Jan 10, 2025, which also saw participation from WARF and Isthmus Project.

Key Metrics

Founded Year

2016

Location

Chicago, United States

Portfolio Companies

Iothic, Madison Scientific & 3 more

Sectors of Investment

High Tech, Enterprise Applications & 7 more

Stages of Investment

Seed, Grant (prize money) & 1 more

Locations of Investment

United States & United Kingdom

View mHUB's full profile

mHUB has a portfolio of 5 companies. Their most notable investmentis in SotaogTheir portfolio spans across United States and United Kingdom. They have invested in High Tech, Enterprise Applications, Life Sciences and 6 other sectors, across stages such as Seed, Grant (prize money) and 1 more. Here is the list of all investments by mHUB:

1. Iothic

Provider of device and network security solutions for IoT applications. It provides a platform that enables the network providers to protect vital and critical assets. The platform leverages cryptography technology to provide security. It provides authentication for IoT devices. The target market includes autonomous transport, smart cities, and critical infrastructures.

Key facts about Iothic

Founded Year: 2017
Location: Oxford (United Kingdom)
Valuation: $*****
Stage: Series A
Total Funding till date: $7.63M
Employee Count: 8 as on Aug 31, 2026
Investors: Future Fund, M7holdings and 5 Others
Latest Funding Round: Series A, Aug 18, 2023, $*****

2. Madison Scientific

Developer of an integrated management solution for hydrocephalus treatment optimization. The company focuses on creating tools and resources to improve patient care. It aims to provide a comprehensive approach to address the complexities of hydrocephalus management. The goal is to support healthcare professionals in delivering effective treatment strategies.

Key facts about Madison Scientific

Founded Year: 2020
Location: Chicago (United States)
Stage: Series A
Total Funding till date: $10M
Employee Count: 23 as on May 31, 2026
Investors: WARF, Central Illinois Angels and 7 Others
Latest Funding Round: Series A, Jan 10, 2025, $*****
Highlight: Editors' Pick

3. Aerospec

Drone-based operation and maintenance services for renewable projects. The company is developing a three-axis flight control system that autonomously collects high-quality data in the energy industry and sends it to data management platforms, more specifically for the solar and wind power generation plants. The company provides 3 kinds of services, panel cleaning for solar power plants, a drone-based solar plant inspection system, to identify hotspots or module malfunctions during the PV inspection phase, and thirdly, a drone-based service for anomaly detection in wind turbines.

Key facts about Aerospec

Founded Year: 2015
Location: Boston (United States)
Stage: Seed
Employee Count: 2 as on Aug 31, 2026
Investors: Plug and Play Tech Center, DOE and 3 Others
Latest Funding Round: Grant (prize money), Feb 08, 2018, $*****

4. Sotaog

Provider of cloud and AI-driven oil & gas technology solutions. Provides various solutions including drilling, oilfield solutions, and others. It also offers a singular management platform that integrates business applications and departments.

Key facts about Sotaog

Founded Year: 2017
Location: Houston (United States)
Stage: Seed
Total Funding till date: $100K
Employee Count: 12 as on Aug 31, 2026
Investors: Google for Startups, OSTI and 2 Others
Latest Funding Round: Grant (prize money), Apr 22, 2025, $*****

5. NovaXS

Key facts about NovaXS

Founded Year: 2021
Location: Berkeley (United States)
Stage: Seed
Total Funding till date: $1.52M
Employee Count: 7 as on Aug 31, 2026
Investors: Baxter, Techstars and 6 Others
Latest Funding Round: Seed, Mar 13, 2023, $*****

mHUB has invested in 5 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Madison Scientific.

Here are mHUB's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	1	0	1
2024	0	0	0
2023	0	0	0
2022	1	0	1
2021	0	0	0
2020	1	0	1
2019	0	0	0
2018	1	0	1

View all investments by mHUB

mHUB has made 2 investments in Seed stage with an average round size of $1.5M, 1 investment in Grant (prize money) stage with an average round size of $50K and 1 investment in Series A stage with an average round size of $10M.

Here are mHUB's investments by stage:

Stage of entry	No. of Investments
Seed	2
Grant (prize money)	1
Series A	1

Note: We have considered here, only first round of investments

View all investments by mHUB

mHUB has a diverse portfolio, with companies operating in the Energy Tech, Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech and Environment Tech. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Software companies, 4 Tech companies and at least 2 companies focusing on Tech hardware.

Here are mHUB's investments by sector:

Sector	No. of Investments
Energy Tech	2
Enterprise Applications	2
High Tech	2
Aerospace, Maritime and Defense Tech	1
Environment Tech	1
Others	4

Note: We have considered here, only first round of investments

View all investments by mHUB

mHUB has made most investments in United States (4).

View all investments by mHUB

mHUB has not made any investment in 2026 so far.

Here are the most recent investments by mHUB:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jan 10, 2025	Madison Scientific	United States	Series A	6327	WARF [+6]
Mar 31, 2022	NovaXS	United States	Seed	8428	Lei Ming [+4]
Dec 03, 2020	Sotaog	United States	Seed	7718	-
Feb 08, 2018	Aerospec	United States	Grant (prize money)	6260	DOE

See more recent investments made by mHUB

mHUB has a team of 47 members including 21 Partners, 2 Venture Partners and 14 Principals located in United States. mHUB's team does not sit on the board of any company as of now.

Here is a list of top team members in mHUB:

Name	Designation	Location	Board Memberships	Contact Details
Nancy Sullivan	Partner	United States	-	1 Email
Haven Allen	Partner	Chicago	-	-
Brennan Woodruff	Partner	Chicago	-	1 Email
Scott Wilson	Partner	Chicago	-	-
Laura Ferris Anderson	Partner	Chicago	-	1 Email
Elizabeth Andrews	Partner	Chicago	-	1 Email
Kim Blomquist	Partner	Chicago	-	1 Email
Manas Mehandru	Partner	Chicago	-	1 Email
Monica Vajani	Partner	Chicago	-	1 Email
Allison Winstel	Partner	Chicago	-	1 Email

View team details of mHUB

Over the past 8 years, 19 investors have co-invested in mHUB's portfolio companies. This includes funds and angels.

Invested before mHUB: HHS has invested before mHUB.
Top Co-investors of mHUB: 13 investors entered a company along with mHUB. These include investors like WARF (1 company).
Invested after mHUB: A total of 5 investors have invested in mHUB's portfolio after their investments. Top Investors include Cleantech University Prize (1 company) and Plug and Play Tech Center (1 company).