Gener8tor raises $2 million

Startup accelerator gener8tor, which has locations in Milwaukee and Madison, has raised a $2.2 million fund, according to an SEC filing.

The fund is administered by Madison-based gener8tor Fund II LLC and managed by Troy Vosseller, Joe Kirgues and Dan Armbrust.

The funds were raised beginning on Nov. 4, with outside investors contributing a minimum of $25,000. There have been 18 total investors in the offering.

Five new startups were chosen from among 450 applicants for the fifth gener8tor program in July. The 12-week program, which aims to train entrepreneurs leading high-tech business ventures, provided an initial $20,000 cash investment and each company received another $50,000 in follow-on investment from gener8tor and investment partners Angels on the Water and Wisconsin Investment Partners.

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