Profitable growth is pretty rare to come by in the early stage startup world. This is the story of our portfolio company WithMe which provides printing and coffee amenity solutions to the multi-family real estate market.

I first met WithMe Founder & CEO Jonathan Treble while visiting Chicago in April of 2019. During our initial meeting, I immediately knew I wanted to invest in the founder and vision. I then spoke with one of their earliest customers based in Chicago CA Ventures, who confirmed my initial interest when they explained their decision to replace all printers across their student housing locations with WithMe’s kiosk solution. We closed our investment not too long after this initial meeting alongside other notable VCs which had previously invested such as M25, Network Ventures, and New Stack Ventures…

Here is what WithMe looked like back in April 2019-

In 2020, WithMe started turning a profit, using their cash flow to fund continued growth since then.

Now let’s look at where WithMe is at today, March 2024-

How has Jonathan and the WithMe team been able to achieve capital efficient growth? Three takeaways from my podcast interview with Jonathan from back in 2021- Execution is King: Jonathan Treble, PrintWithMe (libsyn.com)

Congrats to Jonathan and the whole WithMe team on their amazing, capital efficient growth! The WithMe story is far from being complete, yet it is already truly an inspiring one.

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