BrightStar Wisconsin Foundation Inc. is aiming to raise $10 million that it will use to invest in more Wisconsin startups with its unusual nonprofit venture capital model.

A decade since its founding, BrightStar’s model is proven as it already realizes returns and the organization is ready to take its impact to the next level, BrightStar executive director Todd Sobotka said.

“How do we leverage what we are and our position in the ecosystem to make sure more is done?” Sobotka said. “That goes beyond us just deploying capital.”

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