Early- and mid-stage digital tech startups now have another possible source of financing.
MATH Venture Partners, a venture capital fund created by managing directors Mark Achler and Troy Henikoff, announced today the close of a $28 million fund.
Achler said the fund will be used to contribute to seed and Series A funding rounds of digital tech companies. He said they will “look anywhere,” though he noted their bias for Chicago-based companies. Since securing the first close of this fund in Oct. 2014, MATH Venture Partners has invested in 14 companies. Half of them are Chicago-based, Achler said.
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