Venture Capital

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Innovatemap Ventures

Innovatemap Ventures is a product agency that assists companies of all sizes with digital product and service development. The firm has made five investments,...

Innovatemap Ventures

Innovatemap Ventures is a product agency that assists companies of all sizes with digital product and service development. The firm has made five investments, including a Seed VC investment in Your Money Line on September 06, 2022. Innovatemap Ventures has one portfolio exit, Costello, which occurred on November 04, 2019.

General information

Firm type

Venture Capital

Location

Region

North America

Country

United States

City

Chicago

Corporate office

Chicago, IL, United States

Additional offices

Indianapolis, IN, United States

Principals

Mike Reynolds

Co-Founder & CEO

Sector focus

Enterprise SoftwareAI/MLFinTechDigital HealthPropTech

Frequently asked questions

Who runs investment decisions at Innovatemap Ventures?

Mike Reynolds, the firm's co-founder and CEO, leads investment decisions. His leadership spans both the product strategy consultancy and the venture arm, meaning investment decisions draw directly on hands-on product advisory work rather than purely financial underwriting.

How does Innovatemap Ventures source proprietary deal flow?

Deal flow originates primarily through the parent firm's product strategy engagements with technology companies. This consulting channel exposes Innovatemap to founders and operating metrics early, often before the company runs a formal fundraising process. The Midwest location further provides access to capital-efficient startups absent from coastal demo-day cycles.

Is Innovatemap Ventures structured as a single family office or does it operate more like a venture firm?

It operates as a venture capital firm. Unlike a family office, Innovatemap Ventures is the investment division of a product strategy company, deploying pooled capital alongside the consultancy's service revenue. There is no disclosed single-family wealth source behind the firm.

Does Innovatemap Ventures participate in fund commitments or only direct deals?

The firm is known for direct seed and pre-seed investments. There is no public record of Innovatemap Ventures making fund-of-funds commitments or participating as a limited partner in external venture funds. Its approach centers on direct stakes in operating companies.

Which sectors does Innovatemap Ventures explicitly avoid?

Based on portfolio disclosures, the firm avoids deep-tech sectors requiring long clinical or hardware development cycles, such as pharmaceuticals, semiconductor fabrication, and heavy industrial manufacturing. Its concentration remains in enterprise software, AI, and digital-product-oriented sectors where its consulting practice adds direct value.

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