Victor Gutwein started his first business selling bubblegum from vending machines in sixth grade, later ran a scooter company in college, and co-founded the University of Chicago's first student-run venture fund before launching M25 in his early 20s, becoming known as the youngest head of a venture firm in Chicago; his Midwest focus traces back to his own roots in a farming family from rural northwestern Indiana, and he built M25 around a high-volume strategy of spreading smaller checks across dozens of Midwest startups rather than making a few large bets. He's openly aiming for big, unicorn-scale outcomes rather than steady, modest businesses, and outside of work he's known for endurance sports like ultramarathons, triathlons, and swimming, along with a love of Euro-style board games.
About their Fund
Sectors
SaaS, Fintech, Health, Ecommerce, Insurtech
Rounds
Avg Check Size
Notable Investments
M25 is the most active early-stage VC firm investing in Midwest headquartered startups (14 states, 100+ companies) across most industries
Other partners at the fund
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
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Links
Deeptech / Hardware
Robotics
Biotech
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12
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
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7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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