The Idea Fund of La Crosse recently launched a second fund that has attracted more than $20 million dollars of investment capital according to a filing with the Securities and Exchange Commission. The filing shows that investors have committed $20.075 million to the new fund.
The fund’s goal is to raise up to $25 million according to the filing. At $20+ million, Idea Fund II is the largest venture capital (VC) fund in Wisconsin focused on pre-revenue startups.
La Crosse native and former Wall Street businessman Jon Horne is the Managing Director of the fund. Horne moved back to La Crosse to start the Idea Fund I. Libby Weber, CEO at the Weber Group, joined him to manage the fund.