Company Profile: Chestnut Street Ventures

By websites@tappnetwork.com

Chestnut Street Ventures is a venture fund composed of University of Pennsylvania (UPenn) alumni who invest in UPenn alumni-led companies. Its premise is simple: UPenn alumni who invest together can have a greater impact that investing individually.

Their two-person team of Managing Partner Gail Ball and Vice President Ven Raju are both alumni of UPenn and have extensive experience in the field of finance. They made The Mill their home from the beginning with Gail joining in February 2017, followed by Ven in May.

Since starting in early 2017, Chestnut Street Ventures has wrapped up its first fund where they raised $4 million and invested in 20 companies. These include companies in industries such as EdTech, machine learning, furniture, e-commerce, healthcare IT, FinTech, and entertainment. “We have been raising for our second fund and we will be opening to investors and begin our investment-making in February 2018,” according to Gail.

When Gail isn’t travelling around the country meeting with colleagues, she spends a lot of time in The Mill’s conference rooms doing video conference calls with community members and teammates. “On those rare moments when a colleague comes from out of town, we can either reserve a conference room for them all day or use the comfortable open spaces,” she says.

Spending the day speaking with potential investors and entrepreneurs requires a lot of fuel. “We are both all day long coffee drinkers,” says Gail, “so [The Mill’s] kitchen and coffee are key!”

The Mill’s design is a huge plus for the team as well. “The historical design elements of The Mill really resonate with me,” says Gail who currently lives in a 250-year-old paper mill converted to housing in the late 80s.

Check out our latest news

November 17, 2022

Career Development Month

Did you know that November is Career Development Month? Neither did I. But in this case, ignorance is not bliss… we need to take charge! A successful career requires some level of […]

October 10, 2022

Remotely Together

Two years ago, Covid-19 sent millions of us home to our dining room tables and extra bedrooms, frequently trapping us in zoom meetings and drastically redefining work. Brittany and Andrew […]

May 31, 2022

Ways to Support Your Employees

When the pandemic hit, most workers in America moved out of traditional offices and into their homes to carry out their job responsibilities. Although working from home offers various benefits, […]

May 12, 2022

Health Technology Comes To The Mill

Health care is a major component of our economy. The behind-the-scenes aspects of health care, including technology, have become increasingly important in keeping people healthy. Reciprocity Health is the team behind […]

April 18, 2022

Nine Holes Anywhere: A Fundraiser for Theatre N

Theatre N is planning to bring new programming, including live performances of local musicians, comedians, and storytellers to the stage, but Wilmington’s only arthouse of 20 years needs help from the community.  Join us […]

January 31, 2022

Celebrating National Mentorship Month

Mentors are men and women in our lives who have helped guide us during various stages of life, whether it’s personal or professional. In honor of National Mentorship Month, your […]

December 15, 2021

Concord Members Make The Inno 25 Under 25 List

Two members of The Mill at Concord have found themselves where few people have before: inclusion in the Philadelphia Business Journal’s 40 Under 40. Rarely are Delaware business up-and-comers even […]

November 3, 2021

Top 7 Reasons to Start a Business in Delaware

By: Jack Vale It might be surprising to learn that Delaware is home to over a million companies, let’s explore the top seven reasons why our Small Wonder is home […]

November 1, 2021

Office Decoration Tips

By Geraldine Orentas Quarantine and everything that has happened over the past year and more has impacted us in many ways. Transitioning from the home office to your office might […]

October 29, 2021

Building A Community Through Coworking

By Abigail Baker Coming together to cultivate a community at The Mill is a vital part of fostering collaboration and innovation. The emergence of coworking spaces has opened the door […]