11 Tribes Ventures

11 Tribes Ventures is a Chicago-based early-stage venture firm founded in 2020 by Mark Phillips around a distinctive founder-first philosophy. The firm manages $103 million across two funds — a $57 million Fund I and a $46 million Fund II raised in 2025 — and backs purpose-driven entrepreneurs disrupting legacy industries in non-traditional tech hubs across the United States. 11 Tribes leads rounds at the Seed and Series A stages, writing checks of $5 million to $10 million for founders typically generating $500,000 to $3 million in revenue. The firm is unusual in dedicating 2% of every investment as non-dilutive capital for founder wellness — coaching, therapy, and organizational health — a program with nearly 90% utilization. Notable portfolio companies include LeaseUp, Breshna, Legal Karma, GoNanas, Evercycle, Circadian Risk, Alloy, and CommanderAI. Led by Founder and Managing Partner Mark Phillips and General Partner Kristina Chapple, 11 Tribes invests across fintech, SaaS, healthtech, food tech, real estate, and consumer sectors throughout North America. Fund II is designed to support roughly 30 companies over 36 months, reflecting the firm's concentrated, high-support approach.