We back Midwest founders.

Avocation Investments is Jeff Kleban and Rich Padula. We co-founded Syclo, sold it to SAP in 2012, and have been putting our own capital and experience into early-stage companies ever since.

100+
investments since 2012
70+
alongside Hyde Park Angels
14
years investing our own capital
2012
sold Syclo to SAP
Two partners, two lanes

One of us invests. One of us builds.

The investor

Jeff Kleban

Jeff invests early - pre-seed and seed - primarily through Hyde Park Angels, where he has made more than 70 of his 100+ investments. He screens every deal himself, takes board seats where he can help, and stays close after the wire.

The builder

Rich Padula

Rich builds companies. He incubates and operates new ventures, including Mirata, a digital forms platform for SAP enterprises. Every deal we look at gets an operator's read before we invest.

How we work with founders

Help that shows up when you ask for it.

Proven, then scaled

We invest in companies with product in market. Our job is helping you scale a model that already works.

Advice when you need it

Board work, customer introductions, a hard question at the right time. We help where it adds value, and only when you ask.

Skin in the game

This is our own capital. No fund, no LPs, no fees. When you win, we win.

Hyde Park Angels

Where most of the deals get done.

"More than 70 of my investments have gone through Hyde Park Angels. If you're serious about angel investing, that's where I'd start."

Building something in our backyard?

Send a note. It goes straight to Jeff, and he reads everything that comes in.

Get in touch