Gateway Capital Partners, the investment company established by Dana Guthrie, disclosed the inaugural closing of its second fund, which aims for $25 million, earlier this week. This information was shared with TechCrunch by the Milwaukee-based entity. Gateway Capital opted not to reveal the precise sum of this initial funding stage.
This initial funding round signifies that Fund II is now able to commence its investment activities.
Guthrie mentioned that the company initiated fundraising for its Fund II around mid-last year. The typical investment amount for Fund II is projected to range from $500,000 to $600,000.
The fund intends to operate without specific industry limitations, she stated; nevertheless, it plans to show “a predisposition towards Midwestern sectors poised for significant change,” including provision networks and distribution, and artificial intelligence in production. Guthrie expressed her aspiration to support a minimum of two dozen enterprises through this particular fund.
Having been established in 2020, Gateway Capital previously secured funding for its initial fund, Fund I, totaling $13 million, back in 2020.
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