Green Bay-based venture capital fund TitletownTech has secured yet another investment as it seeks to raise $80 million.
Menasha-based Faith Technologies Inc., a company specializing in engineering, construction, manufacturing and clean energy, has invested an undisclosed amount in TitletownTech. Leadership from both organizations pointed to shared values as the reason for the investment.
“FTI is a leader in industries that align with our investment thesis, like engineering, manufacturing and clean energy, and we’re thrilled to be an extension of the organization’s continued innovation efforts,” said Jill Enos, managing director of TitletownTech. “This investment unlocks valuable expertise for both organizations and TitletownTech’s portfolio companies.”
TitletownTech has raised at least $48 million of an $80 million fundraising target, according to a filing with the Securities and Exchange Commission. At least 20 investors have taken part in the funding round thus far.
Following its investment in TitletownTech, FTI will use its expertise in the energy sector to provide guidance to venture startups.
“At FTI, we’ve always had an entrepreneurial nature and have never been satisfied with the status quo,” said Mike Jansen, chief executive officer of FTI. “We have the utmost respect for innovative new companies who are working to build on the technology strengths in our region and are thrilled to be part of the TitletownTech team to encourage and guide these emerging organizations.”
Last month, Appleton-based The Boldt Group also announced an unspecified investment in TitletownTech. The Boldt Group invested in the firm as it is seeking innovative solutions to the ongoing labor shortage in the construction industry.
