Deals
Grubhub, Cameo Veterans Back Debut Chicago Focused Venture Fund
- 81 Collection raises $41 million for capital intensive deals
- Pritzker family office DNS Capital is among fund’s backers
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The 81 Collection, a Chicago-based venture capital firm whose backers include Grubhub and Cameo veterans, has raised $41 million for an inaugural fund to back what it calls “hard industries.”
The Chicago-based firm aims to invest locally in sectors including manufacturing, real estate, retail and construction, using automation, artificial intelligence and smart hardware, founding partner Vijen Patel said in an interview. The goal, he said, is to disrupt the traditionally low-margin, capital intensive industries that make up 81% of the US economy.