Muditā Venture Partners in Bingham Farms, a venture capital fund focused on early-stage software companies, has completed its $40 million fundraising effort and made 15 new investments in 2023.
An early-stage venture fund, Muditā Venture Partners primarily investing in business-to-business software companies that are post-revenue and pre-growth-spurt. The Fund only makes investments in companies it believes will also have a positive impact on the world and drive economic returns.
In addition, the firm has expanded its geographic footprint to include full-time team members in Detroit, Ann Arbor, Chicago, San Francisco, St. Louis, and Seattle, says Josh Linker, managing director of Muditā Venture Partners.
Founded by brothers Josh and Ethan Linkner, Muditā Venture Partners invests in tech companies with the goal of achieving economic results and leaving a positive social impact.
“Muditā” is a Sanskrit word that means, ‘To find great joy in other people’s success’”, says Ethan Linkner, co-founder of Muditā Venture Partners. “Our mission transcends mere financial performance.
“It’s about nurturing the human spirit and fostering collective growth, innovation, and impact. We see each company in our portfolio as not only a business venture but also a contribution to a more efficient, inclusive, and technologically advanced future.”
The fund has invested in edtech, fintech, property technology, and AI-based emerging companies. Portfolio companies include: K1x, BlastPoint, Amplify Publishing Group, Trajektory, Screencastify, HiLink, RiseKit, and Trellis.
In addition to making external investments, the partners launched Muditā Studios in 2023. The studio was created to be an “innovative factory,” to invent disruptive technologies able to be launched as new startups.
Led by industry veteran Stephen Konig, Muditā Studios is a laboratory of invention for venture funds like Muditā Venture Partners and corporate clients. The studio has launched two companies to date, and expects to launch up to 10 new ventures per year.
“Muditā Venture Partners and Muditā Studios continue to innovate, scale, and thrive,” says Josh Tolman, managing partner at Muditā. “We’re committed to playing an active role to drive meaningful performance for our portfolio entrepreneurs, investors, and communities we serve.”
Muditā Studios is a venture studio focused on inventing the next generation of disruptive technologies that can be launched as stand-alone businesses. It serves as an innovation laboratory for venture funds and corporate clients, streamlining the innovation process while applying rigorous systems and standards to enable the highest probability of new venture success.
For more information about Muditā, its mission, and its portfolio, visit https://muditavp.com/.
