The Badger Fund of Funds announces one of its venture funds is restructuring to capitalize on pre-revenue startup companies. The newly restructured fund, Gateway Capital Fund, seeks to be the first venture capital investment in startup companies that are not yet generating revenue. The Gateway Capital Fund will continue to be based in Milwaukee and its geographic focus will remain on startups in Milwaukee County.
Dana Guthrie will serve as Gateway Capital Fund’s managing partner. Guthrie has worked at a local Fortune 500 company for more than a decade and is the founder and manager of the Milwaukee-based Alchemy Angel Investors.
“Dana has the credentials, drive and experience in the Milwaukee financial ecosystem to make a difference in the region’s economy,” said Ken Johnson, Badger Fund of Funds partner. “She emerged from a very strong field of applicants to be the clear choice to serve as managing partner. She is well-positioned to tap the great potential in our state’s largest metro area by surfacing high-potential entrepreneurs and partnering with them venture dollars to grow successful companies.”
Guthrie shares, “I’m excited to bring the Gateway Fund’s focus on being the first venture capital fund investor into startups to Milwaukee’s entrepreneurial community. The Badger Fund commitment to the Gateway Fund shows their support of this investment focus.”