U.S. Venture: Funding, Team & Investors

U.S. Venture distributes renewable and traditional energy products, lubricants, tires, and automotive parts. Its integrated portfolio includes U.S. Energy, U.S. AutoForce, U.S. Lubricants, Breakthrough for sustainable freight, and IGEN for tax compliance, leveraging data to optimize supply chains and deliver comprehensive solutions.

Brothers Art and Ray Schmidt founded Schmidt Brothers Oil Company in 1951, initially focused on petroleum distribution. Their guiding principle involved diligent work, strategic risk-taking, and commitment to creating client value. This family-owned business expanded from modest beginnings into a prominent distributor across energy and automotive sectors.

U.S. Venture serves a broad customer base, including automotive aftermarket, transportation, industrial clients, and those needing compliance expertise. Its vision is to be the foremost provider of transportation products, sustainability solutions, and market insights, driving global progress and fostering an environmentally conscious future.

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
May 8, 2024	Mycocycle	$3.6M Seed Extension	ALY Bryan	Illinois Innovation Venture Fund, TELUS
May 14, 2019	Aleph Farms	$12.0M Series A	Kenneth LEE	JON Nash, CPT Capital, Jesselson, M Industry, NEW Crop Capital, Peregrine Ventures, Strauss Group, Technion Innovation Opportunities Fund
Apr 1, 2017	Peloton Technology	$60.0M Series B	John Graham	Band OF Angels, Intel Capital, Nokia Growth Partners, Sound Ventures, Birchmere Ventures, BP Ventures, Breakthrough Fuel, DENSO International America, Lockheed Martin, Mitsui & CO. (U.S.A.), Okaya, Sand Hill Angels, Schlumberger, UPS, Volvo
Jan 1, 2013	InsideSales	$37.0M Series B	U.s. Venture	Chicago Ventures, Felicis Ventures, Greycroft, ANN Winblad, InterWest, IVP, Pelion Venture Partners, Raine Ventures, Runway Growth Capital, Shasta Ventures, The HIT Forge, ULU Ventures, Uncork Capital, Uncorrelated Ventures, U.S. Venture Partners, Venrock, Wildcat Ventures, Zetta Venture Partners, Sean Flynn, TOM Mcinerney, William Watkins, Mark Gorenberg

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
May 8, 2024	Mycocycle	$3.6M Seed Extension	ALY Bryan	Illinois Innovation Venture Fund, TELUS
May 14, 2019	Aleph Farms	$12.0M Series A	Kenneth LEE	JON Nash, CPT Capital, Jesselson, M Industry, NEW Crop Capital, Peregrine Ventures, Strauss Group, Technion Innovation Opportunities Fund
Apr 1, 2017	Peloton Technology	$60.0M Series B	John Graham	Band OF Angels, Intel Capital, Nokia Growth Partners, Sound Ventures, Birchmere Ventures, BP Ventures, Breakthrough Fuel, DENSO International America, Lockheed Martin, Mitsui & CO. (U.S.A.), Okaya, Sand Hill Angels, Schlumberger, UPS, Volvo
Jan 1, 2013	InsideSales	$37.0M Series B	U.s. Venture	Chicago Ventures, Felicis Ventures, Greycroft, ANN Winblad, InterWest, IVP, Pelion Venture Partners, Raine Ventures, Runway Growth Capital, Shasta Ventures, The HIT Forge, ULU Ventures, Uncork Capital, Uncorrelated Ventures, U.S. Venture Partners, Venrock, Wildcat Ventures, Zetta Venture Partners, Sean Flynn, TOM Mcinerney, William Watkins, Mark Gorenberg

U.S. Venture

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