Venture capital funds in Wisconsin
8 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026, plus 11 single-deal vehicles (SPVs and co-investments). Largest cities: Madison (4), Milwaukee (1), Beloit (1), Mequon (1), Appleton (1).
8venture capital funds
2emerging managers
2first sale since 2025
$52.0Mmedian raised
All 8 venture capital funds in Wisconsin
Fund
First sale
Raised
Investors
Minimum
Offering
Venture Investors Health Fund 7 Limited Partnership
Madison, WI
First saleOct 2023
Raised$56.9M
Investors18
MinimumNone set
Offering506(b)
Character VC 2, L.P.
Milwaukee, WI
First saleNov 2023
Raised$52.0M
Investors78
MinimumNone set
Offering506(b)
Mastercraft Ventures Fund I, LP
Beloit, WIEmerging
First saleJan 2025
Raised$11.5M
Investors27
Minimum$200K
Offering506(b)
HealthX H1 Insights 2026, LLC
Madison, WIEmerging
First saleJul 2026
Raised$1.6M
Investors7
Minimum$50K
Offering506(b)
Talents Fund I, LP
Mequon, WI
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Background Capital Fund V, L.P.
Madison, WI
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Global Alts LLC - Unicorn Tech Fund III
Appleton, WI506(c)
First sale—
Raised$0
Investors0
Minimum$250K
Offering506(c)
gener8tor Alabama Fund I, LP
Madison, WI
First sale—
Raised$0
Investors0
Minimum$100K
Offering506(b)