Asset ManagerRIA · CRD 301432SEC-Registered

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ECIO

ECIO, INC. is an SEC-registered investment adviser in Madison, WI, registered since 2024. The firm manages approximately $396 million in assets.

ECIO

ECIO, INC. is an SEC-registered investment adviser in Madison, WI, registered since 2024. The firm manages approximately $396 million in assets. It has 8 employees and 4 investment advisers.

General information

Firm type

Asset Manager

Year founded

2022

Location

Region

North America

Country

United States

City

Madison

Corporate office

San Francisco, CA, United States

Principals

Zach Coelius

Co-Founder

Cory Levy

Co-Founder

Sector focus

Enterprise SoftwareAI/MLFinTechCybersecurity

Frequently asked questions

What is ECIO's investment strategy?

ECIO concentrates capital into a focused portfolio of early-stage enterprise startups, typically at the seed and Series A stages. The firm writes checks between $500,000 and $2 million and prefers to lead or co-lead rounds. Its approach pairs fund capital with a curated syndicate of angel investors who can provide strategic introductions and operating expertise.

Who makes investment decisions at ECIO?

Co-founders Zach Coelius and Cory Levy lead investment decisions. Coelius brings experience as an angel investor and former CEO of Triggit, while Levy has a track record as a repeat founder and early-stage connector. The lean decision-making structure is designed to move quickly in competitive early-stage rounds.

How does ECIO source deals?

ECIO's deal flow relies heavily on the networks of its co-founders and the firm's affiliated angel syndicate. By embedding capital deployment within a community of active angel investors, the firm gains warm introductions that are difficult for larger, institution-only funds to replicate. This community-driven sourcing model is core to its access strategy.

Is ECIO a fund or an angel syndicate?

ECIO operates a hybrid model. It manages a venture capital fund for institutional and high-net-worth limited partners while also running a curated angel syndicate that participates alongside the fund. Both vehicles invest in the same deals, and the syndicate members often contribute value beyond capital through operating and fundraising support for portfolio companies.

What sectors does ECIO avoid?

ECIO does not publicly publish a restricted sector list, but its investment pattern suggests focus on B2B software, AI, fintech, and cybersecurity. The firm has made no disclosed investments in hardware, biotech, climate technology, or consumer internet, indicating a deliberate emphasis on capital-efficient enterprise models.

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