Gateway Capital Announces First Close Of $25m Fund Ii

Gateway Capital Partners, nan task patient founded by Dana Guthrie, announced nan first adjacent for its $25 cardinal target Fund II earlier this week, nan Milwaukee-based patient told TechCrunch. Gateway Capital declined to stock nan nonstop magnitude of nan first close.

The first adjacent intends Fund II tin statesman its finance operations.

Gutherie said nan patient began raising its Fund II successful nan mediate of past year. Fund II’s mean cheque size will beryllium betwixt $500,000 and $600,000.

It will beryllium industry-agnostic, she said, though it will person “a bias toward Midwest industries that are ripe for disruption,” specified arsenic proviso concatenation and logistics, and manufacturing AI. Guthrie said she hopes to backmost astatine slightest 20 companies from this fund.

Gateway Capital, launched successful 2020, past raised a $13 cardinal Fund I successful 2020.