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The Venture Codex

CMFG Ventures

5910 Mineral Point Road, Madison, WI, 53705, United States

Overview

Venture capital firm investing in financial and insurance solutions.

Founded

2016

Deals ยท 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Financial Services

Investment portfolio

37rounds
NAMEDATESIZE
Debbie
Apr 2026Led
$5 MSeed
Flora Fertility
Apr 2026Participated
$5 MSeed
RenoFi
Mar 2026Participated
$22 MSeries B
The Beans
Nov 2025Participated
$5 MSeed
Piere
Oct 2025Participated
$2 MSeed
Clutch
Jan 2025Participated
$65 MSeries B
Ascent Platform
Mar 2024Led
$5 MOther Equity
Pulsate
Feb 2024Led
$8 MSeries A
Matic Insurance
Oct 2023Participated
$20 MSeries B
Momnt
Sep 2023Led
$15 MOther Equity
Clerkie
Apr 2023Participated
$33 MSeries A
Daylight
Nov 2022Participated
$15 MSeries A
Debbie
Apr 2026Led
$5 MSeed
Flora Fertility
Apr 2026Participated
$5 MSeed
RenoFi
Mar 2026Participated
$22 MSeries B
The Beans
Nov 2025Participated
$5 MSeed
Piere
Oct 2025Participated
$2 MSeed
Clutch
Jan 2025Participated
$65 MSeries B
Ascent Platform
Mar 2024Led
$5 MOther Equity
Pulsate
Feb 2024Led
$8 MSeries A
Matic Insurance
Oct 2023Participated
$20 MSeries B
Momnt
Sep 2023Led
$15 MOther Equity
Clerkie
Apr 2023Participated
$33 MSeries A
Daylight
Nov 2022Participated
$15 MSeries A
37
Items
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Insights

Time horizon

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Deal Distribution

CMFG Ventures: 37 funding rounds are recorded in the selected participation categories.All available history.
CMFG Ventures: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed26
Series A47
Series B09
Series C+22
Other Equity31
Debt01

Monthly Deal Activity

CMFG Ventures: 37 deals are recorded across 121 months.All available history.
CMFG Ventures: 37 deals are recorded across 121 months. All available history
MonthDeals
Oct '161
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '191
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '201
May '201
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '212
Jul '211
Aug '211
Sep '210
Oct '210
Nov '212
Dec '211
Jan '220
Feb '221
Mar '220
Apr '221
May '222
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '222
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '231
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '251
Dec '250
Jan '260
Feb '260
Mar '261
Apr '262
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

CMFG Ventures: Fintech is the largest displayed sector by deal count (32 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

CMFG Ventures: Fintech is the largest displayed sector by deal count (32 deals). All available history
SectorDeals
Fintech32
Enterprise Software8
Transportation & Logistics7
AI & Machine Learning7
Networks, Cloud & Communication6
E-Commerce & Retail5
Data, Analytics & IT4
Marketing & Advertising3
Media & Entertainment3
Professional Services3
Social & Community Platforms3
Real Estate & Construction2
Health & Life Sciences2
Cybersecurity & Privacy1

Deal Size Distribution

CMFG Ventures: 37 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

CMFG Ventures: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M7
$10M-$25M11
$25M-$50M6
$50M-$100M4
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

CMFG Ventures: United States has the largest recorded deal count among the displayed regions (32 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

CMFG Ventures: United States has the largest recorded deal count among the displayed regions (32 deals). All available history
RegionDeals
United States32
Canada2
Europe2
303031
CMFG Ventures: 20 co-investors are shown, with Curql sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

CMFG Ventures: 20 co-investors are shown, with Curql sharing 5 recorded deals. All available history
Co-investorShared deals
Curql5
Gaingels5
Citi Ventures4
Accomplice3
Flourish Ventures3
Motley Fool Ventures3
Northwestern Mutual Future Ventures3
Anthemis2
Canaan Partners2
Fabric VC2
Firebolt Ventures2
Geneses Capital Management2
Goldman Sachs2
IA Capital Group2
KDWC Ventures2
Link Ventures2
Moderne Ventures2
Reseda Group2
Saluda Grade2
Vestigo Ventures2

Investment Strategy

CMFG Ventures: Led accounts for 30% and participating for 70% of round participation.All available history.
CMFG Ventures: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led1130%
Participating2670%
CMFG Ventures: Single-lead accounts for 45% and co-led for 55% of lead dynamics.All available history.
CMFG Ventures: Single-lead accounts for 45% and co-led for 55% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead545%
Co-led655%

Team

Elizabeth McCluskey

Director, Discovery Fund

Mike Kraus

principal

Sam Das

Managing Director