It’s time to catch up on some recent headlines from Wisconsin’s innovation clusters:
—Venture Investors and American Family Ventures are making progress on raising new venture funds. Madison-based Venture Investors has closed on $73.1 million for its latest fund, and it could grow the fund to $100 million, according to an SEC filing.
Meanwhile, American Family Ventures, the venture capital arm of American Family Insurance, has raised $162.5 million for its third fund, which could reach $200 million, according to an SEC filing.
—Primorigen Biosciences, a Madison-based life sciences research and recombinant protein manufacturing company, was acquired for an undisclosed price by San Diego-based Nucleus Biologics, a seller of products and services for cell and gene therapy customers.
—Understory tacked $2 million onto a venture funding round it raised earlier this year, according to SEC filings from the Madison-based weather technology startup. The new cash brings the investment deal’s total to about $7.25 million. Read more about Understory in this recent Q&A with CEO and co-founder Alex Kubicek.
Read the full story here.
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