VC.
Fund of Funds
The Badger Fund of Funds is a Wisconsin state-backed, public-private venture capital program created to boost the state's startup ecosystem by investing in smaller, local venture capital (VC) funds, acting as a "fund of funds" that co-invests alongside private capital to support early-stage companies across Wisconsin, driving job creation and economic growth.
Other Wisconsin-Based Funds:
Additional Non Wisconsin-Based Venture Capital Funds:
Venture capital is funding that helps new and growing businesses develop products, expand operations, and reach customers. It comes from professional investors who provide money in exchange for ownership. Unlike loans, the money doesn’t need to be repaid, but investors expect returns if the company succeeds. Venture capital is common among high-growth startups in fields like technology, healthcare, and advanced manufacturing. Beyond funding, investors often offer experience, connections, and guidance.
For entrepreneurs in Wisconsin and the Midwest, venture capital is becoming more accessible as investors recognize the region’s talent, strong universities, and rising innovation hubs. However, it’s not the right fit for everyone. Because venture capital involves high risk, investors look for companies that can grow quickly and eventually sell or go public. Those who want full control may prefer loans, grants, or angel investors. Still, for founders with bold ideas and strong growth plans, venture capital can provide both financial backing and strategic support to help a local startup scale into a successful business.
Below are some VC funds across Wisconsin. - Make sure to know their respective qualifications and requirements of inquiring businesses when contacting.
Corporate VC.
Corporate Venture Capital (Corporate VC) refers to investment arms of established companies that invest directly in startups and high-growth businesses. Unlike traditional venture capital firms, Corporate VCs typically invest for both financial return and strategic alignment—seeking innovation, new technologies, or supply chain advancements that complement their core operations. For entrepreneurs in Wisconsin and the broader Midwest, Corporate VC can provide not only capital, but also industry expertise, mentorship, and valuable commercial partnerships. A strong local example is Johnsonville, which launched its corporate venture arm, 1945 Capital, to invest in food, agriculture, and supply chain innovation. Through this fund, startups gain access to both strategic funding and the operational insight of a well-established Wisconsin-based company.
Family Funds.
Family Funds (or Family Offices) are private investment entities that manage the wealth of high-net-worth families and often invest directly in private companies, including early-stage and growth-stage businesses. These funds typically have more flexible investment criteria and longer time horizons than traditional venture capital firms, making them attractive partners for entrepreneurs seeking patient capital. In Wisconsin and throughout the Midwest, family-backed investors often prioritize regional economic growth and long-term value creation. An example is Zilber Ltd., a Milwaukee-based family office that invests across real estate and private businesses, supporting companies with both capital and strategic guidance.
