# Propellant Ventures

Propellant Ventures is a Venture Capital based in Chicago, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.propellant.vc
- **LinkedIn:** https://www.linkedin.com/company/propellantventures

## Regulatory record

- **Reports private funds:** No

## About

Propellant Ventures is an early-stage venture capital firm based in Chicago that boldly invests in a broad range of innovative companies. Its primary focus is Pre-Seed and Seed investments in the underserved Midwest region. The firm invests in tech-enabled B2B industries such as healthtech, future of work, supply chain, fintech, IIoT, and edtech, and partners with portfolio companies across network expansion, business development, talent acquisition, and funding support.

## Sectors

- HealthTech
- FinTech
- Enterprise Software
- Supply Chain Tech
- EdTech
- Industrial Tech

## People

- Jason Jacobsohn — Team Member
- Derrick Horner — Team Member
- Mark Reitsma — Team Member
- Chris Sorensen — Team Member
- Chirag Goel — Team Member
- Kurt Akers — Team Member
- Dr. Derick Jiwan — Team Member

## Questions

### Which sectors does Propellant Ventures focus on?

Propellant Ventures invests in tech-enabled B2B industries. The firm's website specifically names healthtech, future of work, supply chain, fintech, industrial IoT, and edtech as areas of interest. It seeks startups serving business customers rather than direct-to-consumer models.

### Who makes investment decisions at Propellant Ventures?

The firm lists a seven-person investment team including Jason Jacobsohn, Derrick Horner, and Mark Reitsma, alongside an eight-member investment committee. The committee includes Hiral Chandrana, Andrew Don, Russell Findlay, Deborah Hill, Gregory Leos, and Dave Smith.

### How does Propellant Ventures source its deal flow?

Propellant Ventures operates with a geographic focus on the Midwest, a region it believes is underserved by coastal venture firms. The firm states it works collaboratively with angel networks to fill the post-angel, pre-seed funding gap, though it does not disclose specific sourcing channels or partnerships in detail.

### What is the firm's known posture on diversity in its portfolio?

Propellant Ventures highlights a demonstrated commitment to diversity. A portfolio company founder quoted on the firm's website says Propellant has 'a strong commitment to diversity which is important personally' — though the firm does not publish specific diversity metrics or investment mandates tied to demographic criteria.

### How large is Propellant Ventures' portfolio?

The firm's website lists 20 portfolio companies spanning sectors such as quantum computing, aviation logistics, enterprise software, and digital health. The firm does not disclose the total number of investments, portfolio value, or fund performance data.

## Related profiles

- [Propel Equity Partners](https://altss.com/profile/propel-equity-partners)
- [Propeller](https://altss.com/profile/propeller)

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Last updated: 2026-08-11T15:07:49.000Z

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