Gateway Capital Companions, the enterprise agency based by Dana Guthrie, introduced the primary shut for its $25 million goal Fund II earlier this week, the Milwaukee-based agency advised TechCrunch. Gateway Capital declined to share the precise quantity of the primary shut.
The primary shut means Fund II can start its funding operations.
Gutherie stated the agency started elevating its Fund II in the midst of final yr. Fund II’s common examine measurement will likely be between $500,000 and $600,000.
It is going to be industry-agnostic, she stated, although it’ll have “a bias towards Midwest industries which can be ripe for disruption,” corresponding to provide chain and logistics, and manufacturing AI. Guthrie stated she hopes to again at the very least 20 firms from this fund.
Gateway Capital, launched in 2020, final raised a $13 million Fund I in 2020.
