4490 Ventures, a Madison, WI-based venture capital firm that supports startups in the Midwest, has raised $49 million for its second fund, according to a document filed with federal securities regulators on Wednesday.
Greg Robinson, managing director at 4490, says the document is an “interim filing” and 4490 plans to finish raising its second fund later this year. He declined to say how much additional money his firm is seeking to raise.
4490 was launched in 2014 with support from two deep-pocketed organizations headquartered in Wisconsin, the Wisconsin Alumni Research Foundation and the State of Wisconsin Investment Board. 4490’s first fund totaled $30 million. Read the full story here.