A new venture capital fund will start investing in Wisconsin’s university and college entrepreneurs this fall after closing on $6 million in fundraising.
The Winnow Fund, a seed-stage venture capital fund led by Richelle Martin, announced the fundraising in a news release Monday.
The Winnow Fund plans to start investing in November. The fund plans to invest in existing startup companies and entrepreneurs at colleges and universities in Wisconsin. It will continue to raise funds for another couple of months.
Winnow Fund has raised $6 million from the Badger Fund of Funds, as well as The Capital Times, Johnsonville Ventures and more than two dozen other investment firms and individuals, according to a news release. Martin left her job at the University of Wisconsin-Madison where she led the Office of Industrial Partnerships to work on the fund two years ago.
“Students have great ideas but need someone to guide