Capital Midwest Fund

Overview

Capital Midwest Fund is a venture capital firm that invests in revenue-stage companies in the Central United States, focusing on technology solutions such as software, services, and products for industrial, manufacturing, and enterprise customers.¹²³ It targets companies where management demonstrates understanding of technology trends, practical application to customer problems, and market traction.¹² The firm manages multiple closed funds and has a portfolio including companies like Blue Pillar, which was acquired in 2022.³⁵

History

Capital Midwest Fund was founded in 2008 and is based in Mequon, Wisconsin.³ It has managed at least four closed funds, including Capital Midwest Fund III which closed in February 2016.³ Key partners include Alvin Vitangcol, Daniel Einhorn, Jacob DeZarn, and Stephen Einhorn.³ The firm has invested in portfolio companies such as Blue Pillar, acquired by Generac in 2022.⁵

Notable Products

• Capital Midwest Fund III - Venture capital fund closed in February 2016, investing in revenue-stage tech companies.
• Capital Midwest Fund (earlier funds) - Series of closed funds managed by the firm since 2008 for Central US investments.

Reputation

Capital Midwest Fund is recognized as a venture capital firm specializing in revenue-stage B2B tech and industrial investments in the Central US, with a track record of managed funds and portfolio exits like Blue Pillar.³⁵ Professionals note its focus on companies with proven management and market traction.¹² No specific criticisms are detailed in available sources.