Idea Fund of La Crosse to invest $8 million in Wisconsin startups

New venture fund to begin reviewing investment opportunities

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The Idea Fund of La Crosse plans to invest $8 million in 10 to 12 Wisconsin startups over the next several years , the organization announced Tuesday.

The venture capital fund closed its initial fund and said it will begin actively reviewing startup investment opportunities across the state.

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โ€œWe are extremely excited to begin investing in Wisconsin startup companies,โ€ said Jonathon Horne, managing director of the Idea Fund of La Crosse. โ€œOur fund will help entrepreneurs build and expand their companies, create good jobs and help build Wisconsinโ€™s economy.โ€

The IFOLC was established in 2016 as an investment vehicle for early-stage companies. Itโ€™s limited partners include the Badger Fund of Funds and the Weber family of La Crosse among other investors. The fund is led by Horne, and IFOLC President Libby Spirer.

โ€œThe fund is 100 percent managed for return to our investors and will be solely focused on startup companies in Wisconsin or those that would relocate here,โ€ Horne said. โ€œWe will look at several sectors for eligible startups, including information technology, health care, engineered products, agriculture, education, and financial services.โ€

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