Richard Chaifetz, founder of the Chaifetz Group (venture capital) and founder of ComPsych, invested $1M in KNOWiNK's election startup
KNOWiNK is the electronic poll pad registration system.
ComPsych is the world's largest provider of an employee assistance programs. ComPsych is also an FMLA administrator. The US government has contracted $30M to ComPsych according to usaspending.gov.
Richard Chaifetz is a psychologist.
He is a member of The Economic Club of Chicago, and The Executives’ Club of Chicago. He has served on the board of directors of several public and private corporations including Pixel Press, Kennet Partners, Access MediQuip, Trading Partners Holdings, Amerihost Properties, and NueVista Holdings.[5][20][21] He also serves on the boards of non-profit organizations including The Field Museum of Natural History Board of Trustees, the Miami University Farmer School of Business, Saint Louis University Board of Trustees, the Illinois Holocaust Museum, the Brain Research Foundation and TCS Education System.[22]
Chaifetz has been linked to attempts to buy multiple professional sports franchises. He was named as a potential buyer of the St. Louis Rams professional football team in 2010.[28] The Rams were eventually sold to Stan Kroenke in August of that year.[29]
In 2014, Chaifetz was an interested party to purchase the Milwaukee Bucks professional basketball team.[30] Reportedly, Chaifetz became interested in the franchise due to his longtime friendship with basketball coach and Wisconsin native Rick Majerus, who had been the head coach of the Saint Louis University men’s basketball team in 2007 when Chaifetz donated $12 million to help build the team’s new arena.[3] Chaifetz was also involved in a bid to acquire an additional unnamed National Basketball Association team, according to the Chicago Tribune in 2012.[9]
In July 2017, it was reported that billionaire Chaifetz had backed out of a bid for MLB's Miami Marlins which included Derek Jeter.[31] Chaifetz, who was reported to contribute "multiple-hundreds of millions of dollars" to the group's bid, was uncomfortable with Jeter seeking a leadership role with the team while not investing much of his own capital.