Multimodal Ventures
Venture capital investor; participated in Perseus Defense's $6M seed round.
Multimodal Ventures is a Chicago-area (Naperville, IL) seed-stage venture capital firm, founded in 2024, that invests exclusively in Y Combinator–backed startups, combining its founders' quantitative-trading and startup-building backgrounds with a proprietary AI platform ("Midas") that analyzes YC batch data, founder signals, and market data to source and evaluate deals. It closed a $15M debut fund from 99 limited partners in February 2026.
Overview
- Firm
- Multimodal Ventures
- Headquarters
- Naperville, IL, USA
- Founded
- 2024
- AUM
- $15M debut fund, closed February 2026, 99 LPs
- Stages
- Seed, Series A
- Thesis
- Aims to "consider every YC startup's unique opportunity across a diverse group of emerging founders," pairing capital with operational/platform support.
Portfolio companies1
Partners0
No linked records yet.
Frequently asked
- What is Multimodal Ventures?
- Aims to "consider every YC startup's unique opportunity across a diverse group of emerging founders," pairing capital with operational/platform support.
- How much does Multimodal Ventures manage?
- Multimodal Ventures manages $15M debut fund, closed February 2026, 99 LPs in assets, and was founded in 2024.
- What stages does Multimodal Ventures invest at?
- Multimodal Ventures invests at Seed, Series A.
Sources & citations3
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- 1
Multimodal Ventures is a Naperville, IL-based venture capital firm investing exclusively in YC-backed startups, led by Jeff Heitzman, Niraj Shah, and Ryan Havlick, using a proprietary AI platform called Midas.
Multimodal Ventures: multimodal.venturesVerified2026-08-08 - 2
Multimodal Ventures participated in Perseus Defense's $6M seed round.
Tectonic Defense: Exclusive: YC-backed Perseus Defense Closes $6M Seed RoundVerified2026-08-08 - 3
Multimodal Ventures' Fund I had raised $11.22M from 77 investors as of September 25, 2024, confirming the firm predates 2026.
SEC: Form D — Fund I, a series of Multimodal Ventures, LP (CIK 2038805)Verified2024-09-25