The Wisconsin Economic Development Corp. (WEDC) on Wednesday announced that it has invested in 12 Wisconsin companies — including multiple based in Madison — since the Wisconsin Investment Fund (WIF) was announced in May 2024. WIF is a public-private venture capital initiative that aims to invest $100 million in startup businesses throughout the state.
During the first year of the fund, WIF supported the following Wisconsin companies:
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HealthX Capital, which invests in innovative companies making health care safer, more efficient and more affordable and has invested $2.675 million in Amulet Inc., Cardamom Health Inc., Optical X Inc. and Ready Rebound Inc.;
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Idea Fund of La Crosse, which focuses on diversified markets such as agriculture, manufacturing, supply chain and health care industries and has invested in Eneration Inc.;
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NVNG Investment Advisors, a fund-of-funds and direct investments fund that has invested $1.27 million in AIQ Solutions, MedServe, C-Motive Technologies Inc. and Intrnls Inc.;
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Venture Investors, which focuses on ideas that will shape the future of health and wellness and has invested $4 million in Rivermark Medical, Sanacor Inc. and Ten Bay Bio Inc.; and
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Serra Ventures, which focuses on AgTech and has not yet made an investment but plans to by quarter four of fiscal year 2025.
Over the first years of the fund, WEDC anticipates creating at least a $500 million impact as companies selected by the fund continue to grow. The overarching goal of the fund is to assure companies start, grow and remain in Wisconsin.
The fund will invest in companies working in technology, health care, agriculture, manufacturing and more.
