Independence Equity

Profile

Independence Equity is an early-stage venture capital firm based in Northbrook, Illinois. It was founded by a team with extensive experience in private investing, including Managing Partner Donald Sackman, who has a background with Oryx Capital and other investment roles, and Investment Partner Michael Gruber, who has worked with early stage investments in information technology and energy sectors. Their team also includes Laurence Hayward, who focuses on helping early-stage companies access critical resources, and Michael McCullough, who adds operational and strategic financial expertise. The firm is distinguished by its focus on technologies that improve resource utilization.

The firm invests in a variety of sectors including information technology, material science, and energy. They focus on early-stage companies, particularly those commercializing technologies for better resource utilization. Their investment sizes typically range from $1-5 million, reflecting their focus on early-stage funding. The firm has established collaborations with various partners in the investment ecosystem, although specific LPs are not mentioned.

Notable portfolio companies include Eatstreet, known for its food delivery services, and NuCurrent, which specializes in wireless power solutions. They have also invested in Advanced Diamond Technology, focusing on industrial diamond applications. These companies illustrate their thematic interest in innovative technologies that drive efficiency and sustainability.