KONVOY

KONVOY is led by co-founder and Managing Partner Joshua B. Siegel, who oversees all investment decisions alongside a partnership team that includes Partner Lance E. Pressl. The team has deep roots in the Chicago startup ecosystem (per public sources).

KONVOY's deal flow comes from its deep network within the Midwest technology community, relationships with other venture firms, and its thesis-driven focus on sectors like enterprise software and climate tech. The firm is known for taking a hands-on approach with portfolio companies, often sourcing deals through referrals from founders and co-investors.

KONVOY primarily invests in early-stage companies, from seed to Series B rounds. The firm writes initial checks ranging from $2 million to $10 million, with the ability to participate in follow-on rounds. Its permanent capital structure allows it to hold positions through later stages.

KONVOY is structured as a venture capital firm but with a permanent capital base — it does not operate on a traditional 10-year fund cycle. This allows the firm to invest with a longer time horizon and be more patient with portfolio companies, akin to a family office or endowment model, though it does raise funds from LPs.

KONVOY has not publicly disclosed sectors it avoids, but its focus areas — enterprise software, FinTech, AI/ML, digital health, and climate tech — suggest it generally avoids biotech, real estate, and hard physical infrastructure. The firm's portfolio is concentrated in technology-enabled services.

KONVOY is open to co-investing alongside other venture firms, particularly in its core sectors. The firm has syndicated deals with major venture capital firms including Insight Partners and Greycroft. Its Midwest roots have made it a frequent co-investor with other Chicago-based funds like Pritzker Group and OCA Ventures.

KONVOY operates a separate philanthropic arm, the KONVOY Foundation, which is funded by the firm's partners. The foundation focuses on education and economic development initiatives in Chicago. The foundation is structurally distinct from the firm's investment activities and is managed independently.