HomeUSA53 Stations Launches Inaugural $190M Fund to Back Tech Startups

53 Stations Launches Inaugural $190M Fund to Back Tech Startups

Kevin King, Jason Pritzker and Kelly Goldstein of 53 Stations in the winter garden room at Pritzker Foundation
Kevin King, Jason Pritzker and Kelly Goldstein of 53 Stations in the winter garden room at Pritzker Foundation

53 Stations, a Chicago, IL-based venture capital firm that invests in early-stage companies across a range of industries, announced its first fund of $190m.

Supported by The Pritzker Organization (TPO), 53 Stations invests in early-stage, tech-focused businesses across a range of industries.

Led by Kevin King co-founder and general partner; Jason Pritzker, co-founder and managing partner; and Kelly Goldstein, partner and head of platform, the firm both leads and co-invests, writing initial checks from seed to Series B stage, and offers access to mature businesses in the TPO portfolio, whose executives can serve as advisors and potential customers to portfolio companies.

To date, 53 Stations has invested in seven companies across five industries, including:

  • Altana, an AI-driven platform that navigates the complexities of global trade compliance
  • Black Buffalo, producer of smokeless tobacco alternatives
  • Collective, an all-in-one financial solution, including a back-office platform that handles taxes and bookkeeping, tailored to the unique needs of freelancers and independent contractors
  • Flux.AI, developer of a modern, browser-based software platform to make hardware design easy
  • Whisper Aero, a developer of advanced propulsion technologies that create cleaner, quieter, and more efficient thrust solutions for flight and air movement applications

The Pritzker Family Business Interests, including the 53 Stations’ primary LP, all advised by TPO, has a broad portfolio that includes companies such as Hyatt, KBP Foods, Lithko, Epic Staffing and Steward Partners. Similarly, 53 Stations is industry-agnostic, and is not restricted by investment mandates or fundraising demands. Recent TPO growth equity investments include Dataminr, Nimble Robotics, Palantir, Blue Voyant, SpaceX and Uber.

VCWire

22/11/2023