Wisconsin’s only active female-led venture fund raises $3.5 million

Winnow fund to focus on students, pre-revenue startups

Investors have committed more than $3.5 million to a new, female-led Wisconsin venture capital fund called the “Winnow Fund,” according to documents filed Wednesday with the federal Securities and Exchange Commission.

The Winnow Fund, managed by managing director Richelle Martin, will invest in pre-revenue startups and build new companies around innovative products created by college students throughout Wisconsin.

The Badger Fund of Funds is the lead investor and contributed 40% of the Winnow Fund, with private investors composing the remainder of the fund. The Winnow Fund will ultimately invest $8 million into creating and investing in new Wisconsin-based startups, according to a press release.

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