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Gateway Capital announces first close of $25M Fund II
Gateway Capital Partners , the venture firm founded by Dana Guthrie, announced the first close for its $25 million target Fund II earlier this week, the Milwaukee-based firm told TechCrunch.
AI Summary
Gateway Capital's Fund II has reached its first close, securing $25 million in investments. This milestone marks a significant step in the fund's growth, with Gateway Capital now poised to further support startups in the tech industry. The fund's focus on investing in early-stage companies is likely to have a positive impact on the development of innovative technologies. The first close of Fund II underscores Gateway Capital's commitment to supporting the growth of startups in the Milwaukee area, where the firm is based. This local focus may help foster a thriving tech ecosystem in the region.
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