
Capital Midwest Fund
10556 N Port Washington Rd, Ste 201, Mequon, WI, 53092, United States
Overview
Capital Midwest Fund is a venture capital firm that invests in advanced manufacturing, B2B, and healthcare technology companies.
- Total investments
- 21
- Lead investments
- 6
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Financial Services
Investment portfolio
- ServiceUp
Participated · Series B · Jul 2025
ServiceUp provides a centralized platform that manages the entire vehicle repair process from pickup to delivery, offering real-time visibility, live repair tracking, and a centralized dashboard. The company serves fleets, insurers, and shops and reports customers including Zipcar, Voyager Global Mobility, Clearcover, and SIXT. Across its customer base ServiceUp has reduced repair cycle times by over 30%, improving vehicle uptime and operational efficiency. Founded in 2021 and based in Los Gatos, Calif., ServiceUp shifted from consumer-focused repairs to a B2B model targeting fleets and carriers. With its product set—Connect (a self-service SaaS configuration) and ServiceUp 360 (full-service repair coordination)—the company offers a flexible SaaS + Managed Service model. ServiceUp plans to use new capital to grow its team, enter new markets, and accelerate product development. ServiceUp provides a full-service car repair experience through a mobile app that connects consumers to a ServiceUp Advocate who manages pickup, delivery, estimates, repairs, payments (including BNPL), and customer service. The company leverages a certified Partner Network of vetted independent repair shops and is building ML/AI technology to improve logistics, customer service, and marketing. Founded in early 2021 and based in Los Gatos, California, ServiceUp operates in four metro markets: the San Francisco Bay Area, West Los Angeles, Denver, and Phoenix, and plans to expand into ten markets by year-end. The company reported 20% month-over-month growth in 2022 and has a vetted network of more than 150 top-rated car repair shops. ServiceUp also offers its consumer app as an employee perk to large employers including Amazon, NVIDIA, Meta, and LinkedIn, and has partnerships with NowRx and fleet operators. The Series A proceeds will be used to fund market expansion and investments in ML/AI, marketing, product, field operations, and business development.
- Sprocket Security
Participated · Series A · Mar 2024
Sprocket Security is an expert-driven offensive cybersecurity platform based in Madison, WI, led by CEO and founder Casey Cammilleri. Its platform specializes in continuous penetration testing, covering attack surface management through red and purple teaming exercises. The platform is supported by an expert team and enables security teams to continuously validate their security posture, understand complex risks, and mitigate threat exposure. Sprocket raised an $8M Series A and intends to use the funds to accelerate platform development, fuel customer success, and expand sales and marketing initiatives. The announcement was reported by FinSMEs on March 28, 2024.
- Valid8
Participated · Series A · Feb 2024
Valid8’s Verified Financial Intelligence platform automates extraction of source documents (bank statements including Bitcoin, brokerage statements, checks and deposit slips), performs quality assurance, reconciles and traces flows of funds, and generates visualizations and automated evidentiary reports. The product includes AI-powered bank statement extraction, automated transfer and cash-journal matching, multicurrency support (166 currencies, including Bitcoin) with daily ECB exchange rates, AI categorization, and chain-of-custody linkage of every transaction to source documents. The company says the platform delivers courtroom-ready evidence in hours instead of weeks or months and is used by accounting firms, law firms and government agencies. Valid8 completed TechStars in 2017, closed a seed round in 2021 and closed an $8.5 million Series A in November 2023. The company reports it has doubled revenue each year since 2019 and has resolved more than 20,000 cases, supports over 1,800 users, and has verified more than 400 million transactions. Valid8 plans to extend the platform into additional use cases including transaction advisory (M&A diligence) and financial statement audits and to maintain leadership in complex fraud investigations and crypto bankruptcies. The company intends to use recent funding to support engineering and go-to-market teams based at its Boulder, Colorado headquarters.
- BetterYou
Led · Series A · Dec 2023
BetterYou offers a no-touch, AI-driven mobile app that helps users set wellness goals (sleep, reading, socialization, steps) and automatically tracks progress without manual entry. The product is rooted in behavior design and delivers strategic nudges intended to reduce screen addiction and improve daily wellbeing. The company highlights partnerships with H&R Block, Amway, Michigan State University, Cleveland State University and a joint study with Stanford University; H&R Block employees recorded 945,000 steps in a three-day challenge and students using BetterYou averaged 32 more minutes of sleep per night versus another app. BetterYou will use new funding to accelerate growth through additional sales, marketing, and software hires and to continue refining its mobile app user experience. The company frames its mission as countering the attention-economy by giving users time back and improving physical and mental wellbeing.
- FRAYT
Participated · Series A · Apr 2023
Frayt provides a delivery and logistics technology platform that connects shippers with professional drivers through a web platform, mobile app, and API. Its on-demand SaaS marketplace allows businesses to request scheduled or same-day deliveries and tracks shipments in real time from pickup to drop-off. The company reports over 12,000 drivers across 50+ markets and more than 300 customers, including Bridgestone, Sherwin-Williams, The Tile Shop, and Cargill. Led by CEO Luke Denny, Frayt intends to use new capital to drive product innovation, support rapid market expansion, and grow its team. The platform emphasizes rapid driver matching and end-to-end visibility to enable professional, on-demand shipping. Frayt is based in Cincinnati, Ohio.