Erie Street Growth Partners
444 W. Lake Street, Suite 3460, Chicago, IL, 60606, United States
Overview
Erie Street is a Chicago-based, independent advisory firm leveraging its operational heritage and entrepreneurial spirit to work with founders and management teams to achieve next-level growth. The firm brings corporate advisory, operational excellence, and go-to-market strategies to highly disrupted and changing business environments to mitigate risk, realize potential, and deliver exceptional value.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Investment portfolio
- Quantum Rise
Led · Seed · Jul 2024
Quantum Rise deploys AI into companies under a self-described “Consulting 2.0” model to automate workflows, provide roadmaps and deliver tailored AI solutions with hands-on implementation. Its approach is compared to UiPath's robotic process automation but with a broader focus on AI hurdles and more "hand-holding." The startup has worked with customers including dunnhumby. Quantum Rise is the second company from founder Alex Kelleher, whose prior adtech platform Cognitive Match was acquired by Magnetic in 2014. The team says it will bring heavy engineering to the consulting space to help mid‑market CEOs who don’t know where to start. Financially, the company raised a $15 million seed round from Erie Street Growth Partners. The article cites market context — BCG forecasts a growing share of consulting revenue from AI and IBM has secured more than $1 billion in generative AI sales commitments — as signaling a large opportunity for the startup.