About M25
M25 is a venture capital firm founded in 2015. It is primarily based out of Chicago, United States. As of Sep 2026, M25 is an active investor, having invested in 160 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Consumer. Most recently it participated in the $***** Seed round of Allo Direct Overall, M25 portfolio has seen 1 unicorn and 32 acquisitions including key companies like Kin, SteadyMD and Idelic. A lot of funds co-invest with M25, with names like Service Provider Capital sharing a substantial percentage of its portfolio. M25 has team of 14 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
M25's List of Top Investments
M25 has a portfolio of 160 companies, one of which is a Unicorn. Their most notable investments are in Blumira and Elate.Their portfolio spans across United States, Canada, Netherlands and 1 more locations. They have invested in Enterprise Applications, HealthTech, Consumer and 28 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by M25:1. Mode Mobile
Web3 platform with reward-based game NFTs. It provides games that are integrated into the Blockchain network, which enables players to trade in in-game assets. Its features include play-to-earn and engage platforms, games, and fan rewards.
Key facts about Mode Mobile
- Founded Year: 2017
- Location: Chicago (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.29M
- Employee Count: 56 as on Nov 25, 2025
- Investors: IU Ventures, Crux Capital and 12 Others
- Latest Funding Round: Seed, May 19, 2025, $*****
- Highlight: Editors' Pick
2. EnsoData
EnsoData provides a platform to optimize the trends and health patterns in the sleep scoring studies for health professionals. The company offers EnsoSleep, an AI-based Saas platform that leverages big data and analytics engine to automate the scoring of in-lab and home sleep studies and aid clinicians in the diagnosis of sleep disorders like sleep apnea.
Key facts about EnsoData
- Founded Year: 2015
- Location: Madison (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $51.1M
- Employee Count: 87 as on Sep 30, 2026
- Investors: Necessary Ventures, Zetta Venture Partners and 14 Others
- Latest Funding Round: Conventional Debt, May 13, 2026, $*****
- Highlight: Editors' Pick
3. Kin
Online platform for homeowner insurance platform for individuals. It offers claims settlement services. It features a repair program for policyholders to rebuild homes. It offers insurance such as condo insurance, vacation home insurance, landlord insurance, and more. It also helps with insurance fraud.
Key facts about Kin
- Founded Year: 2016
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $422M
- Employee Count: 745 as on Sep 30, 2026
- Investors: August Capital, Savano Capital Partners and 52 Others
- Latest Funding Round: Series E, Sep 08, 2025, $*****
- Highlight: Editors' Pick
End-to-end transport management solutions for the car hauling industry. It is an end-to-end transport automation and management solution for carriers, brokers & drivers in the auto shipping industry. Offers a mobile app for drivers that also doubles as an ELD device and offers functionalities such as order management, maintenance & inspections management, & invoicing. Offers an AI-enabled management dashboard that covers aspects such as real-time fleet & operational visibility, account & finance management, load management, dispatching, document management, hours of service management, and more.
Key facts about Super Dispatch
- Founded Year: 2013
- Location: Kansas City (United States)
- Stage: Seed
- Total Funding till date: $1.95M
- Employee Count: 136 as on Sep 30, 2026
- Investors: M25, Silicon Badia and 5 Others
- Latest Funding Round: Seed, May 07, 2020, $*****
- Highlight: Editors' Pick
5. SteadyMD
SteadyMD is a telemedicine platform that aims to provide concierge primary care services to users via chat, video, or phone call. The company promises a dedicated doctor who gets to know the patient closely and becomes a personal medical advisor. In addition, the platform stores all the data on consultations and provides a place for users to store information on weight, blood pressure, and other vitals.
Key facts about SteadyMD
- Founded Year: 2016
- Location: St. Louis (United States)
- Stage: Acquired
- Total Funding till date: $39.5M
- Employee Count: 179 as on Sep 30, 2026
- Investors: Pelion Venture Partners, AmerisourceBergen and 18 Others
- Latest Funding Round: Series C, May 08, 2023, $*****
- Highlight: Acquired
M25's Year-on-Year Investment Trends
M25 has invested in 160 companies over the last 11 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Allo Direct and most recent follow-on round was in Benji.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 9 | 0 | 9 |
2024 | 4 | 2 | 6 |
2023 | 3 | 5 | 8 |
2022 | 10 | 7 | 17 |
2021 | 9 | 6 | 15 |
2020 | 10 | 3 | 13 |
2019 | 10 | 2 | 12 |
2018 | 11 | 3 | 14 |
2017 | 11 | 1 | 12 |
M25's Investments by Stage
M25 has made 80 investments in Seed stage with an average round size of $1.97M, 17 investments in Series A stage with an average round size of $6.44M and 1 investment in Unattributed stage with an average round size of $3.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 80 |
Series A | 17 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
M25's Investments by Sector
M25 has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, Vertical SaaS and Enterprise Infrastructure. Notably, it has invested in 142 Tech companies, 108 Enterprise (B2B) companies, 97 Software companies and at least 59 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 49 |
Consumer | 20 |
HealthTech | 18 |
Vertical SaaS | 14 |
Enterprise Infrastructure | 10 |
Others | 80 |
Note: We have considered here, only first round of investments
M25's Investments by Geography
M25 has made most investments in United States (96), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 96 |
Canada | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
M25's recent investments
M25 has made 4 investments in 2026 so far. Allo Direct and Noise are the latest among them.Here are the most recent investments by M25:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 25, 2026 | United States | Seed | 2267 | - | |
Sep 16, 2026 | United States | Seed | 2415 | [+2] | |
Jul 07, 2026 | United States | Seed | 2610 | [+2] | |
May 20, 2026 | United States | Seed | 9026 | [+3] | |
Dec 08, 2025 | Canada | Seed | 1289 |
Unicorns in M25's Portfolio
M25 has 1 unicorn in its portfolio - Kin. The most recent unicorn in their portfolio is Kin which became a unicorn in 2023, 6 years after M25 first invested in it.Here is a list of unicorns in M25's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Online platform for homeowner insurances for individuals | 2016 | Chicago | Series E | agiisrs |
Acquired companies in M25's Portfolio
32 companies from M25's portfolio have been acquired. The most recent acquisition was Moonnox in Jul 2026 by Certinia for $*****.Here are M25's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 21, 2026 | Jun 06, 2025 | Seed | 9020 | |
Jun 30, 2026 | Mar 21, 2019 | Seed | 6872 | |
Apr 23, 2026 | Oct 11, 2017 | Seed | 6853 | |
Dec 20, 2025 | - | - | 1299 | |
Dec 01, 2025 | May 12, 2022 | Series A | 4044 |
Team profile of M25
M25 has a team of 14 members including 7 Partners, 3 Venture Partners and 1 Principal located in United States. M25's team does not sit on the board of any company as of now.Here is a list of top team members in M25:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chicago | - | ||
Partner | Chicago | - | ||
Partner | Indianapolis | - | - | |
Partner | Salem | - | - | |
Partner | Austin | - | ||
Partner | Portland | - | - | |
Partner | Draper | - | - | |
Venture Partner | - | - | ||
Venture Partner | - | - | ||
Venture Partner | - | - | ||
Principal | Chicago | - |
Co-investors of M25
Over the past 11 years, 512 investors have co-invested in M25's portfolio companies. This includes funds and angels.
- Invested before M25: Techstars, 500 Global and 54 others have invested in rounds before M25. There are 5 companies where Techstars has invested before M25 and 3 companies where 500 Global has invested before M25.
- Top Co-investors of M25: 249 investors entered a company along with M25. These include investors like Service Provider Capital (7 companies).
- Invested after M25: A total of 207 investors have invested in M25's portfolio after their investments. Top Investors include Elevate Ventures (4 companies), Refinery (3 companies) and Dreamit (2 companies).
Recent News related to M25
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Benji Raises $6.25M in Seed FundingFinSMEs•May 19, 2026•Benji, Great North Ventures, Preface Ventures, M25 and 1 other
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Pavewise Announces $2.5 Million Seed Funding RoundBenzinga•Oct 22, 2025•Pavewise, Broadwater Capital, Connetic Ventures, C2 Ventures and 3 others
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Vigil Raises $1.3M in Pre-Seed FundingFinSMEs•Feb 11, 2025•Vigil, M25, Nationwide, Cambrian Ventures and 2 others
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Vigil raises $1.3 millionCoverager•Feb 10, 2025•Vigil Security Consulting, M25, Nationwide, Clocktower Ventures and 1 other
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Continuum Closes $1.7M Pre-Seed Funding RoundFinSMEs•Apr 25, 2024•Continuum, M25, Clocktower Ventures, Cambrian Fintech
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Redi Health secures $14M for healthcare management platformMobiHealthNews•Feb 28, 2024•Redi, Blue Heron Capital, North Coast Ventures, Mutual Capital Partners and 4 others
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Workshop Raises $12M in Series A FundingFinSMEs•Nov 17, 2023•Workshop, M25, McCarthy Capital, Ludlow Ventures and 6 others
