TLDR:
- The Idea Fund of La Crosse has raised $31.5 million for a second venture capital fund.
- The fund will target startups in Wisconsin, Minnesota, and Iowa in industries such as agriculture, manufacturing, health care, and logistics.
The Idea Fund of La Crosse announced the $31.5 million fund for investing in startups in the three-state region. The fund, one of the largest in the area, plans to make initial investments ranging between $500,000 and $1 million in about 20 startups. General Partner Jonathan Horne emphasized the importance of supporting promising entrepreneurs in a tough market. The fund’s first investments include companies like Golgix, Distribution Depot, Lumberjack, and Hopper Health. Additionally, the fund announced a new partnership with California-based Pablo Capital to further support the startup community in the Upper Midwest region.
