Milwaukee-area venture capital firm Capital Midwest Fund has closed on the first $41 million in its fourth fund, according to a recent announcement.

Based in Mequon, the firm is targeting $100 million for the fund, which would make it Capital Midwest Fund’s largest to date. Its third fund closed at $50 million in 2017.

The firm invests in revenue-generating technology companies in the central U.S. and said it has a “newly invigorated” focus on environmental, social and governance (ESG), and diversity and inclusion.

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