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Board of Directors

Ellen Carnahan

Ms. Carnahan has over twenty years of experience as an institutional private equity investor and serves as the Chair of our Audit Committee. Ms. Carnahan is currently Principal of Machrie Enterprises, where she serves as an advisor to other venture capital funds and invests in private companies and venture funds. She previously spent more than 18 years at William Blair Capital Management, where she served as Managing Director and Head of Technology Investing. From 1983 to 1987, Ms. Carnahan served as Vice President of Marketing and Planning at SPSS, Inc. Ms. Carnahan currently serves on the board of directors of Paylocity Holding Corporation since her appointment in November 2016 and has served on the boards of directors for more than a dozen companies, including, from 2003 to 2015, as a director for Integrys Energy Group, Inc., an energy holding company whose operating subsidiaries provided natural gas and electricity in regulated and non-regulated markets. Ms. Carnahan is an active member of Chicago’s corporate and entrepreneurship community. In 2010 she was appointed to the Illinois Governor’s Economic Recovery Commission, and in 2010 and 2015 she was named one of the Techweek100 Top Technology Leaders in Chicago.