Green Bay venture capital firm TitletownTech has invested in 23 startups as part of its first fund. And while it’s reserving capital in the $25 million fund to double down on some of those companies, its first portfolio is complete.

“We have made all the investments in new companies that we’re going to make out of fund one,” TitletownTech managing director Craig Dickman said. “We will still be making follow-on investments in the 23 companies that make up the portfolio.”

TitletownTech is targeting $80 million for its second fund, according to a June filing with the U.S. Securities and Exchange Commission.

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