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.
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.
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: