Venture capital fund Bold Coast Capital Fund I, L.P. has raised approximately $6 million, according to a recent U.S. Securities and Exchange Commission filing.
A total of 12 investors invested $6,025,000 in a first round of funding, which has a total offering amount of up to $15 million, according to the filing.
The fund, managed by angel investor Ross Leinweber, was formed as part of the Badger Fund of Funds program, which works to establish new venture capital funds across the state for the purpose of investing in Wisconsin startups.
The Milwaukee based-VC fund focuses on funding early-stage companies in Milwaukee, Madison, Chicago and the Fox Valley.
Leinweber has established an investment committee, which includes Brian Birk, founder of Sun Mountain Capital and a Badger Fund partner; Beth Donley, chief executive officer of Madison-based Stemina; Greg Borca, co-founder and owner of Menomonee Falls-based Skygen USA; Ezra Galston, founder and venture capitalist at The Starting Line; and William Caraher, chief information officer and director of operations at Milwaukee-based von Briesen & Roper S.C.