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Venture Capital

Heartland Equity Partners

Heartland Equity Partners backs early-stage and high-growth companies, typically pre-profit, from Chippewa Falls, WI. It states a focus on business & professional services, education, energy & utilities and financial services.

Capital raised$16macross 2 SEC-filed vehicles
Most recent fund2018filing since 2014
HeadquartersChippewa Falls, WI
Largest single fund$10m

Stated investment criteria

What Heartland Equity Partners says it buys

Read from Heartland Equity Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth, Platform, Recapitalisation1
Founded20141

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Heartland Equity Partners states that it takes majority or outright ownership. Nothing here is a commitment by Heartland Equity Partners to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Heartland Equity Partners has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raised$16m
Largest single vehicle$10m
Filing history2014 to 2018
Smallest accepted commitmentNone stated
Filed fromFLORIDA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Valuation context

Transaction values in Business & Professional Services

What companies have actually sold for in business & professional services, across 668 recorded transactions.

Median consideration$55m
Middle 50%$11m-$200m
Revenue multiple1.2×
EBITDA multiple8.5×

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Comparable investors

Similar mandates

Other venture capital investors active in business & professional services.