The Neenah-based Winnebago Seed Fund LLP has closed on an $11 million funding round.
David Trotter leads the fund, created last year by the Badger Fund of Funds, which is working to bring together trained venture capitalists and early-stage companies seeking funding across Wisconsin.
Winnebago raised the $11 million from 31 investors statewide, some of whom are based in Milwaukee, as part of a maximum $12 million offering, according to an SEC filing. The Badger Fund of Funds contributed $4 million.
“There was a few from the Milwaukee area, business owners, but primarily northeast Wisconsin was where we got most of (the investors),” Trotter said.
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