Wisconsin startup accelerator program gener8tor and its venture capital fund raised $11.1 million of a $15 million fundraising target for its seventh venture fund, according to a U.S. Securities and Exchange Commission filing.
Gener8tor will use the capital to invest into a cohort of five startups through its 12-week accelerator. Startups in the cohort will receive a cash equity investment of $100,000.
A total of 95 startups have completed gener8tor’s program so far raising more than $300 million in follow-on financing. Of the 95 alumni, 59% have raised more than $1 million in follow-on financing or have been acquired.
The accelerator’s program for local startups, gBETA, also announced its spring cohort, which consists of five Milwaukee startups including Midwest Aerial Productions, Mindful Measure, Octane Coffee, washbnb and Well-Loved. Read the full story here.