Badger Fund will invest in Wisconsin startups

Madison-based venture capital firm Rock River Capital Partners has raised another $15.2 million, putting it at $21.2 million raised, according to a new SEC filing.

Andy Walker, left, discussed his early-stage investment strategy during a panel discussion this month at the Wisconsin Entreprenreurs’ Conference.

Fund manager Andy Walker expects to close Rock River Capital Partners Fund I LP, which was launched in spring 2017, by the end of summer. The goal was always to raise at least $25 million, Walker said. The SEC filing shows Rock River could raise as much as $30 million.

“We’re kind of right where we need to be,” Walker said. “We are doing a final fundraising push between now and the end of the summer.”

So far, 68 investors have contributed to the Rock River fund, according to the filing. As a part of the Badger Fund of Funds, Rock River will invest the capital in Midwest and Wisconsin startup companies beginning in late summer or early fall, Walker said. He’s already met with more than 200 companies over the past year.

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