Henikoff, Achler close $28 million venture fund

This article was originally published on Crains.

Math Venture Partners, a new venture fund launched by Mark Achler and Troy Henikoff, topped out at $28 million.

The take is slightly larger than their original $25 million target. Most of the money came from wealthy individuals and family offices, said Henikoff, who estimated 85 percent came from Chicago investors.

Math is one of a half-dozen or so new funds that have cropped up in Chicago in the past several years, providing a needed boost in early stage funding for startups. Other recent entrants include Chicago Ventures, Corazon Capital, DRW Ventures, FireStarter Fund, Hyde Park Venture Partners, Jump Capital, Jumpstart Ventures.