Gener8tor raises $11.1 million for venture investing

Announces cohort for startups with local roots

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Wisconsin startup accelerator program gener8tor and its venture capital fund raised $11.1 million of a $15 million fundraising target for its seventh venture fund, according to a U.S. Securities and Exchange Commission filing.

Gener8tor will use the capital to invest into a cohort of five startups through its 12-week accelerator. Startups in the cohort will receive a cash equity investment of $100,000.

A total of 95 startups have completed gener8tor’s program so far raising more than $300 million in follow-on financing. Of the 95 alumni, 59% have raised more than $1 million in follow-on financing or have been acquired.

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The accelerator’s program for local startups, gBETA, also announced its spring cohort, which consists of five Milwaukee startups including Midwest Aerial Productions, Mindful Measure, Octane Coffee, washbnb and Well-Loved.

Midwest Aerial Productions sources a network of certified and licensed drone pilots skilled in cinematography, 3D mapping, thermal imaging and videography/photography. Mindful Measures is a closed-based time and attendance platform that collects information about the time workers or students spend on specific tasks within jobs or classes.

Octane Coffee provides customers with a quick drive-thru coffee experience, using its fully automated robotic cell to serve premium coffee, tea, hot chocolate and juice drinks to commuters. Washbnb provides a turnkey linen rental and laundry service for short-term rental owners, property managers and hosts.

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Well-Loved handcrafts heirloom-quality leather goods for men and women, sourcing high-quality leather and cash hardware and using traditional shoemaking methods to create products.

Get more news and insights in the March 30 issue of BizTimes Milwaukee:

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