2024 TOP INVESTORS IN VC-BACKED STARTUPS BASED IN METRO MILWAUKEE

he organizations and individuals listed below have invested in companies we defined as Milwaukee-area startups in our Metro Milwaukee Innovation DataTool. They are ordered based on the number of investments they have made in those companies; data on the value of these investments were not available.

Click here for our list of Milwaukee-area startups. (Source: PitchBook Data, Inc.)

Investor Primary Investor Type HQ Location # of Investments in MKE Area Startups
Wisconsin Economic Development Government Madison, WI 44
gBETA Accelerator/Incubator Madison, WI 40
BrightStar Wisconsin Foundation Venture Capital Milwaukee, WI 30
gener8tor Accelerator/Incubator Madison, WI 28
National Science Foundation Government Alexandria, VA 19
CSA Partners Venture Capital Milwaukee, WI 13
Cream City Ventures Corporate Venture Capital Milwaukee, WI 11
Right Side Capital Management Venture Capital San Francisco, CA 11
The BREW Accelerator Accelerator/Incubator Milwaukee, WI 11
Madworks Accelerator Accelerator/Incubator Madison, WI 9
Golden Angels Investors Angel Group Brookfield, WI 8
Winnebago Seed Fund Venture Capital Neenah, WI 8
Wisconsin Super Angel Fund Angel Group Milwaukee, WI 8
Arenberg Holdings Venture Capital Milwaukee, WI 7
Rock River Capital Partners Venture Capital Madison, WI 7
UWM Research Foundation Limited Partner Milwaukee, WI 7
WAFTT Capital Venture Capital Mequon, WI 7
Ideadvance Accelerator/Incubator Madison, WI 6
Plug and Play Tech Center Accelerator/Incubator Sunnyvale, CA 6
TitletownTech Venture Capital Green Bay, WI 6
Tundra Angels Angel Group Green Bay, WI 6
U.S. Department of Health and Human Services Government Washington, DC 6
Advocate Aurora Health Corporation Downers Grove, IL 5
Doyenne Group Accelerator/Incubator Monona, WI 5
Gateway Capital Partners (Milwaukee) Venture Capital Milwaukee, WI 5
M25 Venture Capital Chicago, IL 5
The Milky Way Tech Hub Accelerator/Incubator Milwaukee, WI 5
U.S. Department of Energy Government Washington, DC 5
Wisconsin Investment Partners Angel Group Madison, WI 5
Capital Midwest Fund Venture Capital Mequon, WI 4
Evergreen Climate Innovations Venture Capital Chicago, IL 4
Gary Comer PE/Buyout Waukesha, WI 4
HealthX Ventures Venture Capital Madison, WI 4
Imagine H2O Accelerator/Incubator San Francisco, CA 4
N29 Capital Partners Venture Capital Manitowish Waters, WI 4
Project Pitch It Corporation 4
The National Institute on Aging (NIA) Government Bethesda, MD 4
Young Enterprising Society Accelerator/Incubator Milwaukee, WI 4
American Family Ventures Corporate Venture Capital New York, NY 3
Christopher Armbrust Angel (individual) Mequon, WI 3
Cornerstone Angels Angel Group Northbrook, IL 3
Idea Fund of La Crosse Venture Capital La Crosse, WI 3
Jeffrey Rusinow Angel (individual) Ozaukee County, WI 3
Lancaster Investments Family Office Madison, WI 3
Lupa Systems PE/Buyout New York, NY 3
MaSa Partners Impact Investing Madison, WI 3
Sachse Family Fund Family Office Milwaukee, WI 3
Sand Hill Angels Angel Group Mountain View, CA 3
Serra Ventures Venture Capital Champaign, IL 3
StartUp Health Venture Capital New York, NY 3
Techstars Accelerator/Incubator New York, NY 3
VC 414 Venture Capital Milwaukee, WI 3
Alligator Holdings Venture Capital Waukesha, WI 2
Allos Ventures Venture Capital Carmel, IN 2
Arch Grants Not-For-Profit Venture Capital Saint Louis, MO 2
Arpa-E Government Washington, DC 2
Baird Capital PE/Buyout Chicago, IL 2
BBG Ventures (North America) Venture Capital New York, NY 2
Beta Boom Venture Capital Salt Lake City, UT 2
Betaworks Ventures Venture Capital New York, NY 2
Central Illinois Angels Angel Group Peoria, IL 2
Clean Energy Ventures Venture Capital Boston, MA 2
Cleantech Open Accelerator/Incubator Los Angeles, CA 2
Connetic Ventures Venture Capital Covington, KY 2
Creative Destruction Lab Accelerator/Incubator Toronto, Canada 2
Daren Cotter Angel (individual) Springfield, OH 2
Dark Knight Capital Ventures Venture Capital Milwaukee, WI 2
Darrell Silver Angel (individual) New York, NY 2
Discovery to Product Accelerator/Incubator Madison, WI 2
Dundee Venture Capital Venture Capital Omaha, NE 2
Energy Foundry Venture Capital Chicago, IL 2
First Trust Capital Partners Venture Capital Wheaton, IL 2
Five Mile Capital Partners Asset Manager Stamford, CT 2
FOR-M Accelerator/Incubator Milwaukee, WI 2
Gaingels Venture Capital Burlington, VT 2
Greentown Labs Accelerator/Incubator Somerville, MA 2
GrowthX Capital Venture Capital San Francisco, CA 2
Health Wildcatters Accelerator/Incubator Dallas, TX 2
Jennifer Abele Angel (individual) Milwaukee, WI 2
Joe Kirgues Angel (individual) Madison, WI 2
Joel Abraham Angel (individual) 2
Joseph A. B. Hausch Angel (individual) 2
Kevin O’Brien Angel (individual) Brookfield, WI 2
Marc Lasry Limited Partner New York, NY 2
Medical College of Wisconsin Endowment Limited Partner Milwaukee, WI 2
Milwaukee Venture Capital Milwaukee, WI 2
MKE Tech Hub Coalition Accelerator/Incubator Milwaukee, WI 2
Motivate Venture Capital Venture Capital Chicago, IL 2
National Institutes of Health Government Bethesda, MD 2
National Science Foundation Innovation Corps Program Accelerator/Incubator Alexandria, VA 2
NFI Ventures Venture Capital Camden, NJ 2
NIH Seed Not-For-Profit Venture Capital Bethesda, MD 2
Northwestern Mutual Corporation Milwaukee, WI 2
Pat Farley Angel (individual) 2
Perot Jain Venture Capital Dallas, TX 2
Plymouth Growth Venture Capital Ann Arbor, MI 2
Ravi Kalla Angel (individual) Madison, WI 2
Seven Seven Six Venture Capital Jupiter, FL 2
Slojo Investments Venture Capital Chicago, IL 2
Sputnik ATX Accelerator/Incubator Austin, TX 2
Stormbreaker Ventures Venture Capital San Francisco, CA 2
SVG Ventures Venture Capital Los Gatos, CA 2
The Center for Technology Commercialization Government Madison, WI 2
TVC Capital Growth/Expansion La Jolla, CA 2
Twenty Seven Ventures Venture Capital Grand Cayman, Cayman Islands 2
Union Square Ventures Venture Capital New York, NY 2
University of Wisconsin – Oshkosh University Oshkosh, WI 2
Venture 53 Venture Capital Atlanta, GA 2
WERCBench Labs Accelerator/Incubator Milwaukee, WI 2
Whitewater’s Community Development Authority Government Whitewater, WI 2
Winnow Fund Venture Capital Madison, WI 2
WISC Partners Venture Capital Madison, WI 2
11.2 Ventures Accelerator/Incubator Chicago, IL 1
1945 Capital Family Office Sheboygan Falls, WI 1
30Ventures Venture Capital Madison, WI 1
43North Accelerator/Incubator Buffalo, NY 1
5 Lakes Forum Corporation Milwaukee, WI 1
94labs Accelerator/Incubator Milwaukee, WI 1
9Mile Labs Venture Capital Seattle, WA 1
Adie Akuffo-Afful Angel (individual) 1
Agropromyshlennaya Kompaniya OGO Corporation Moscow, Russia 1
Akuna Capital Hedge Fund Chicago, IL 1
Alternative Investment Management Fund of Funds New York, NY 1
Amit Pamecha Angel (individual) St. Petersburg, FL 1
Amit Sevak Angel (individual) Princeton, NJ 1
Amy Slawson Angel (individual) 1
Anduril Investors Venture Capital 1
Angel Investors Venture Capital Los Angeles, CA 1
Angels on the Water Angel Group Oshkosh, WI 1
Applied Equity Partners Growth/Expansion Boston, MA 1
Arthur Ventures Venture Capital Minneapolis, MN 1
Aster Capital Venture Capital Paris, France 1
AT&T Aspire Accelerator Accelerator/Incubator San Francisco, CA 1
B Capital Group Venture Capital Manhattan Beach, CA 1
Backstage Capital Venture Capital Los Angeles, CA 1
Badger Fund of Funds Venture Capital Madison, WI 1
Barbara Baade Angel (individual) 1
Benjamin Gaddy Angel (individual) Kirkland, WA 1
Bill Staudenmaier Angel (individual) 1
BioForward Corporation 1
Blackthorne Partners PE/Buyout Delafield, WI 1
Bold Brain Capital Venture Capital Durham, NC 1
Bootstrappers.mn Venture Capital Saint Paul, MN 1
Booz Allen Hamilton (NYS: BAH) Corporation McLean, VA 1
Booz Allen Ventures Corporate Venture Capital McLean, VA 1
bp Ventures Corporate Venture Capital London, United Kingdom 1
BraceUnder VC-Backed Company Chicago, IL 1
Brand Capital International Corporate Venture Capital 1
Breakout Labs Not-For-Profit Venture Capital San Francisco, CA 1
Bridge to Cures Accelerator/Incubator Wauwatosa, WI 1
BRIIA Accelerator/Incubator San Ramon, CA 1
BrokerTech Ventures Accelerator/Incubator Des Moines, IA 1
Bronze Valley Not-For-Profit Venture Capital Birmingham, AL 1
Business Incubator Center Accelerator/Incubator Grand Junction, CO 1
Cadence Healthcare Ventures Venture Capital Ross, CA 1
Cameron Ventures Venture Capital Oklahoma City, OK 1
Capital Factory Venture Capital Austin, TX 1
CCS Holding Group Venture Capital Miami Beach, FL 1
CFV Ventures Venture Capital Charlotte, NC 1
Cheryl Brandt-Dib Angel (individual) 1
Cirque Ventures Venture Capital Salt Lake City, UT 1
Comeback Capital Venture Capital Cleveland, OH 1
Concordia Angel Network Angel Group Austin, TX 1
Concordia University Wisconsin Corporation Mequon, WI 1
Connected Ventures Family Office Sterling, VA 1
Constellation Brands (NYS: STZ) Corporation Rochester, NY 1
Covenant Capitol Angel (individual) 1
D1ASP0RA Accelerator/Incubator Madison, WI 1
Daniel Rotman Angel (individual) 1
Daniel Terry Angel (individual) 1
Dave Sachse Angel (individual) Milwaukee, WI 1
David Kellogg Angel (individual) London, United Kingdom 1
David Young Angel (individual) 1
Davis Wright Tremaine Corporation Seattle, WA 1
DBO Capital Venture Capital Panama 1
Deborah Quazzo Angel (individual) Chicago, IL 1
Del Johnson Angel (individual) 1
Delaware Division of Small Business Government Dover, DE 1
Department of Agriculture Government New Delhi, India 1
Donte Murry Angel (individual) 1
Draper Richards Kaplan Foundation Impact Investing Menlo Park, CA 1
Duncan Niederauer Angel (individual) New York, NY 1
Earth Foundry Impact Investing Chicago, IL 1
Edge (Onalaska) Corporate Venture Capital Onalaska, WI 1
Emerson Collective Impact Investing Palo Alto, CA 1
Engine Ventures Venture Capital Cambridge, MA 1
Eniac Ventures Venture Capital New York, NY 1
Environmental Systems Research Institute Corporation Redlands, CA 1
FinRebel Venture Capital New York, NY 1
FinTech Sandbox Accelerator/Incubator Boston, MA 1
Floodgate Venture Capital Menlo Park, CA 1
Flybridge Capital Partners Venture Capital New York, NY 1
Food Finance Institute Accelerator/Incubator Madison, WI 1
Forum Ventures Venture Capital New York, NY 1
Froedtert Enterprises Venture Capital Mequon, WI 1
Future Founders Accelerator/Incubator Chicago, IL 1
Future of Work Accelerator Accelerator/Incubator NJ 1
gAngels Angel Group CA 1
Geekz Ventures Accelerator/Incubator Mableton, GA 1
Gian Dilawari Angel (individual) Greenbelt, MD 1
Gian Perrone Angel (individual) 1
Global Insurance Accelerator Accelerator/Incubator Des Moines, IA 1
Good Food Accelerator Accelerator/Incubator Chicago, IL 1
Goodwater Capital Venture Capital Burlingame, CA 1
GreenGage Capital Family Office Wilmette, IL 1
Grimley Capital Venture Capital Denver, CO 1
GVP Climate Venture Capital New York, NY 1
Hari Madamalla Angel (individual) Saint Louis, MO 1
Health Level Seven International Corporation Ann Arbor, MI 1
HealthCap Venture Capital Stockholm, Sweden 1
Healthcare Innovation Pitch Venture Capital San Francisco, CA 1
Heartland Ventures Venture Capital Columbus, OH 1
Homegrown CPG Venture Capital Abu Dhabi, United Arab Emirates 1
i.Lab Incubator Accelerator/Incubator Charlottesville, VA 1
IBM Ventures Corporate Venture Capital Armonk, NY 1
IKS Health Corporation Coppell, TX 1
Impact America Fund Venture Capital Oakland, CA 1
Inflect Capital Venture Capital Emeryville, CA 1
Interlock Partners Venture Capital Dallas, TX 1
ISA Ventures Venture Capital Cedar Rapids, IA 1
J Heavey Angel (individual) 1
James Sietstra Angel (individual) 1
January Ventures Venture Capital Boston, MA 1
Jefferson DeAngelis Angel (individual) Madison, WI 1
JetBlue Ventures Corporate Venture Capital San Francisco, CA 1
John Haupt Angel (individual) 1
John Torinus Angel (individual) Milwaukee, WI 1
Jon Eckhardt Angel (individual) 1
Jon Hammes Angel (individual) 1
Jonathan Hua Angel (individual) San Francisco, CA 1
Joseph Beatty Angel (individual) 1
Julie Crosby Angel (individual) 1
Justin Mortara Angel (individual) Madison, WI 1
K8 Ventures Family Office Northbrook, IL 1
Kai Kux Angel (individual) 1
Karl Muth Angel (individual) 1
Keane D’Souza Venture Capital Venture Capital Brookfield, WI 1
Kendall Karpf Angel (individual) 1
Keystone Healthcare Technologies P Ltd Corporation 1
Kimmy Paluch Angel (individual) 1
La Macchia Group Corporation Milwaukee, WI 1
Larry Bernstein Angel (individual) 1
Launch Ventures Venture Capital Vancouver, Canada 1
Launchbox Accelerator/Incubator Dublin, Ireland 1
Laurence Wintersteen Angel (individual) 1
Lee Enterprises (NAS: LEE) Corporation Davenport, IA 1
LFE Capital PE/Buyout Naples, FL 1
Lubar & Co. PE/Buyout Milwaukee, WI 1
Mairs & Power Venture Capital Venture Capital Saint Paul, MN 1
Marcus Lemonis Angel (individual) 1
Mark Bakken Angel (individual) Madison, WI 1
Mark Sellers Angel (individual) 1
Marquette University Endowment Limited Partner Milwaukee, WI 1
Mary Avery Angel (individual) 1
Masao Tejima Angel (individual) 1
MassChallenge Accelerator/Incubator Boston, MA 1
Matchstick Ventures Venture Capital Minneapolis, MN 1
Matter (Consulting Services (B2B)) Accelerator/Incubator Chicago, IL 1
MC Capital Venture Capital Coral Gables, FL 1
MedTech Accelerator Accelerator/Incubator Phoenix, AZ 1
Metrodora Ventures Venture Capital New York, NY 1
Michael Cudahy Angel (individual) 1
Microsoft for Startups Accelerator/Incubator Redmond, WA 1
Midwest Energy Research Consortium Not-For-Profit Venture Capital Milwaukee, WI 1
Milwaukee Venture Partners Angel Group Milwaukee, WI 1
MIT Innovation Initiative Accelerator/Incubator Cambridge, MA 1
Mitsubishi Heavy Industries (TKS: 7011) Corporation Tokyo, Japan 1
Mitsubishi UFJ Capital Venture Capital Tokyo, Japan 1
MK Capital Venture Capital Northfield, IL 1
Nameless Ventures Venture Capital Chicago, IL 1
Nashville Entrepreneur Center Accelerator/Incubator Nashville, TN 1
National Cancer Institute Government Bethesda, MD 1
National Center For Advancing Translational Sciences Government Bethesda, MD 1
Newlin Venture Capital Chicago, IL 1
Northwestern Mutual Capital Mezzanine Milwaukee, WI 1
Northwestern Mutual Future Ventures Corporate Venture Capital Milwaukee, WI 1
Nurse Capital Venture Capital Chicago, IL 1
NVIDIA GPU Ventures Corporate Venture Capital Santa Clara, CA 1
NVNG Investment Advisors Fund of Funds Madison, WI 1
One Million by One Million Accelerator/Incubator San Francisco, CA 1
Open Prairie Ventures Asset Manager Effingham, IL 1
Orrick Corporation San Francisco, CA 1
Oshkosh (NYS: OSK) Corporation Oshkosh, WI 1
Outlier Ventures Accelerator/Incubator London, United Kingdom 1
Owl Ventures Venture Capital San Francisco, CA 1
Patrick McKenna Angel (individual) 1
Patrick Willms Angel (individual) 1
Peter Gunder Angel (individual) 1
Pi Ventures Venture Capital Mumbai, India 1
Polsky Center Accelerator/Incubator Chicago, IL 1
Precursor Ventures Venture Capital San Francisco, CA 1
Progression Fund Venture Capital Los Angeles, CA 1
Prudent Capital Mezzanine Washington, DC 1
PSC Environmental Services Corporation Houston, TX 1
RadTech Accelerator/Incubator Chevy Chase, MD 1
Rally Ventures Venture Capital Menlo Park, CA 1
ReadWrite VC-Backed Company San Francisco, CA 1
Reed Dohmen Angel (individual) 1
Repsol Foundation Accelerator/Incubator Madrid, Spain 1
Rev1 Ventures Venture Capital Columbus, OH 1
Revolution Ventures Venture Capital Washington, DC 1
RevTech Labs Capital Venture Capital Charlotte, NC 1
Rezon8 Capital & Advisory Group Growth/Expansion Reston, VA 1
Rick Stratton Angel (individual) Chicago, IL 1
Robert Mikulay Angel (individual) Milwaukee, WI 1
Rocana Ventures Partners Venture Capital Miami, FL 1
Rockefeller Foundation Impact Investing New York, NY 1
Rohan Oza Angel (individual) San Francisco, CA 1
Room & Pillar Venture Capital Louisville, KY 1
Ross Leinweber Angel (individual) 1
Salesforce Ventures Corporate Venture Capital San Francisco, CA 1
Sameer Kaul Angel (individual) 1
Sandalphon Capital Venture Capital Chicago, IL 1
Seamless Ventures Accelerator/Incubator Grand Rapids, MI 1
Sean Beers Angel (individual) 1
Sean Cleary Angel (individual) Sharon, WI 1
Seraph VC-Backed Company Milton, GA 1
Serena Ventures Venture Capital Washington, DC 1
Serena Williams Angel (individual) Washington, DC 1
Service Provider Capital Venture Capital CO 1
Sharmila Mulligan Angel (individual) Houston, TX 1
Silicon Pastures Angel Group Milwaukee, WI 1
Simon School Venture Fund Venture Capital Rochester, NY 1
Small Business Innovation Research and Small Business Technology Transfer Programs Government 1
SoGal Ventures Venture Capital New York, NY 1
Southeast Minnesota Capital Fund Venture Capital Rochester, MN 1
Spero Ventures Venture Capital Burlingame, CA 1
Stage 2 Capital Venture Capital New York, NY 1
Start.coop Accelerator/Incubator Manchester, NH 1
Starta Ventures Accelerator/Incubator New York, NY 1
Startup Milwaukee Corporation 1
State Auto Labs Venture Capital Columbus, OH 1
State of Wisconsin Government Madison, WI 1
Storm Ventures Venture Capital Palo Alto, CA 1
Story Stock Exchange Accelerator/Incubator Boulder, CO 1
Summerfest Tech Corporation 1
Sun Mountain Capital Venture Capital Santa Fe, NM 1
Sunset Ventures (Los Angeles) Venture Capital Los Angeles, CA 1
Surface Ventures Venture Capital New York, NY 1
SWAN Impact Network Angel Group Dripping Springs, TX 1
Swell Partners Venture Capital New York, NY 1
Swingbridge Other Private Equity Nashville, TN 1
SwissAuto Corporation 1
Symphony Alpha Ventures Corporate Venture Capital Madison, WI 1
T-Hub Accelerator/Incubator Hyderabad, India 1
TACK Ventures Venture Capital Brooklyn, NY 1
Target Accelerator Accelerator/Incubator Minneapolis, MN 1
Target Incubator Accelerator/Incubator Minneapolis, MN 1
Ted Kellner Angel (individual) Milwaukee, WI 1
Tenex Investment Venture Capital Douglasville, GA 1
Texas Medical Center Venture Capital Houston, TX 1
The Brandery Accelerator/Incubator Cincinnati, OH 1
The Community Fund Venture Capital New York, NY 1
The Peak Ridge Capital Group PE/Buyout Boston, MA 1
The United States Department of Justice Government Washington, DC 1
The Water Council Not-For-Profit Venture Capital Milwaukee, WI 1
The Workers Lab Accelerator/Incubator Oakland, CA 1
Third Derivative Accelerator/Incubator Boulder, CO 1
Thrive by SVG Ventures Accelerator/Incubator Los Gatos, CA 1
Tim Peterson Angel (individual) 1
Tom Avery Angel (individual) 1
Tommy Thompson Angel (individual) Denver, CO 1
Transparent Collective Accelerator/Incubator San Francisco, CA 1
Trimble Ventures Corporate Venture Capital Westminster, CO 1
Troy Vosseller Angel (individual) Madison, WI 1
TRS Capital Venture Capital Fort Walton Beach, FL 1
Twin Ignition Accelerator/Incubator Minneapolis, MN 1
United States Department of Defense Government Washington, DC 1
United Therapeutics (NAS: UTHR) Corporation Silver Spring, MD 1
University of Chicago Booth School of Business University Chicago, IL 1
University of Rochester Endowment Limited Partner Pittsford, NY 1
University of Wisconsin-Milwaukee Endowment Limited Partner Milwaukee, WI 1
Various (Acquired) PE-Backed Company Palo Alto, CA 1
Venture Investors Venture Capital Madison, WI 1
Veritas Innovations Accelerator/Incubator San Francisco, CA 1
VI Ventures Venture Capital Hong Kong, Hong Kong 1
View Ventures Venture Capital Dallas, TX 1
Wakestream Ventures Venture Capital Grand Rapids, MI 1
WARF Ventures Venture Capital Madison, WI 1
Warhawk Entrepreneurial Fund Venture Capital Whitewater, WI 1
Whitewater Bancorp Corporation Whitewater, WI 1
Wild Wood Ventures Venture Capital Denver, CO 1
William Hickey Angel (individual) 1
Wind River Payments Corporation Madison, WI 1
Winnie Karanja Angel (individual) 1
Wisconsin Alumni Research Foundation Limited Partner Madison, WI 1
Wisconsin Governor’s Business Plan contest Government Madison, WI 1
Wisconsin Technology Government Madison, WI 1
Wisconsin Venture Capital Venture Capital Milwaukee, WI 1
Zerology Corporation Middleton, WI 1
Zimmerman Ventures Accelerator/Incubator Greenfield, WI 1