The Chicago-based early growth stage venture capital fund MDT Ventures has announced the successful closure of its third and fourth rounds of funding, noting both rounds were substantially oversubscribed and closing its hard cap while surpassing the $525 million target.
The team pointed out that MDT Fund III closed at $480 million and will continue their investment thesis while expanding into the ESG or environmental, social, and governance space.
MDT Fund IV, Chicago Diversity Growth Fund, closed at $90 million and will provide underrepresented founders with equity and resources to expand innovation and economic opportunity while creating additional jobs in Chicago in the technology, healthcare, and real estate sectors.
Founder Michael Thompson stated that as a “diverse founder and business owner, I understand the hurdles and constraints these founders and businesses face to run their operations in this economy.”
“MDT is excited to begin making more significant investments in our hometown of Chicago,” the founder added. “None of this is possible without the unwavering support of our investors and limited partners. We are excited to provide strong returns to our investors while embracing our key mission and values.”
The four pillars of the MDT Ventures investment criteria include a proven management team, differentiated products or services, plus capital efficiency and the immense desire for growth.
The MDT Ventures team has been in the industry for over 15 years, combining over 100 years of experience in its team of over half a dozen employees. Their primary focus remains on equity investments in companies that have a clear dynamic growth potential, mainly highly scalable business in technology and service areas.
The company explained how they invest in many industry types but have developed a preference for education, healthcare, technology, financial services, and logistic supply chains over their past eight years of operation since the official 2016 launch.
“Our company serves as a strategic partner to entrepreneurs who are dedicated to building world-class companies that are scalable and durable,” an MDT Ventures representative stated.
“As investors, we show our commitment to the business by becoming an extension of their team and by using our resources and experience to propel them to the next level of growth. We invest in entrepreneurs who have a vision, plan, and motivation.”
MDT Ventures was founded in 2016 by Michael Thompson, who is responsible for overseeing the firm’s investment sourcing, valuation, transaction structuring, and securing of acquisition financing.
Four years ago, MDT Ventures closed its second round of funding with $170 million, once again surpassing its target, which was then set to $150 million. The reports at the time said that the company had fully entered “a new league.” Thompson commented in 2020, “We’re looking forward to leading rounds of funding now as opposed to just being a participant.”
The team is now moving up to another league again, highlighting how excited the team is to get to work doing what they do best, which is helping build world-class companies and providing our investors with strong returns.
More information about MDT Ventures, their latest investments and the overall business approach can be found on the official website. The company also retains an active presence through its official social media channels, including LinkedIn, X, and Instagram.
Media ContactCompany Name: MDT VenturesContact Person: Cathy Smith Email: Send EmailCountry: United StatesWebsite: https://www.mdtventures.com/
