Gateway Capital Partners Hits First Close of $25 Million Fund II

The venture firm, led by Dana Guthrie, has started its investment operations and aims to back at least 20 companies from this fund, with an average check size of $500,000 to $600,000.

Gateway Capital Partners, a Milwaukee-based venture firm founded by Dana Guthrie, has announced the first close of its $25 million target Fund II. The firm has started its investment operations and aims to back at least 20 companies from this fund. According to Guthrie, the firm's average check size will be between $500,000 and $600,000.

Fund II's Investment Strategy

The fund will have a bias toward Midwest industries that are ripe for disruption, such as supply chain and logistics, and manufacturing AI. Guthrie hopes to support startups that are addressing these areas of need. Gateway Capital Partners will be industry-agnostic, giving it the flexibility to invest in a wide range of sectors.

Gateway Capital Partners' History

The firm was launched in 2020 and has a previous fund, Fund I, which raised $13 million. With the first close of Fund II, Gateway Capital Partners is now well-positioned to make meaningful investments in the startup ecosystem.

What's Next

The future of tech and venture capital is exciting, and we can't wait to see what Gateway Capital Partners will be investing in next. Stay tuned for more updates on this story and others like it.