Anthem Capital Management

Anthem Capital Management is an early-stage venture capital firm based in Baltimore, Maryland, primarily focusing its investment activities on companies within the Mid-Atlantic states. While the firm maintains a relatively low public profile, its stated mission is to support nascent businesses in this specific geographic region, aligning with a strategy to foster local innovation and growth. This regional focus suggests a hands-on approach, potentially leveraging local networks and expertise to aid portfolio companies.

The firm's primary known investment vehicle is Anthem Capital Management Fund I, L.P., which successfully raised $10,000,000, as indicated by SEC filings from 2017. This fund size positions Anthem Capital Management to participate in seed and early-stage funding rounds, typically offering initial investments that can help startups achieve critical milestones. The capital raised reflects a commitment to supporting a select number of promising ventures rather than a broad portfolio.

Publicly available data indicates a very limited number of disclosed investments, with Enveil being the most prominent example. Enveil, a data security company, received seed funding in which Anthem Capital Management participated. The scarcity of publicly announced portfolio companies makes it challenging to definitively ascertain the firm's precise investment patterns or typical check sizes. However, based on the fund's total capital, it is reasonable to infer that initial investments would likely range from a few hundred thousand dollars to approximately one and a half million dollars, allowing for follow-on participation in subsequent rounds.