Milwaukee Venture Firm Gateway Capital Secures $25M for Second Fund

Gateway Capital, a Milwaukee-based venture capital firm founded by Dana Guthrie, has announced the first close of its $25 million Fund II, enabling the firm to begin new investment operations. The new fund, which follows the success of Gateway Capital's inaugural $18 million fund, will continue the firm's focus on supporting early-stage startups in the Midwest region.

Guthrie, who serves as the firm's Managing Partner, expressed her enthusiasm for the new fund, stating, "We're thrilled to have reached this important milestone for Gateway Capital Fund II. This capital injection will allow us to double down on our mission of investing in and nurturing the next generation of innovative companies in the Midwest."

The new fund has already begun deploying capital, with several investments made in promising startups across various industries, including healthcare, fintech, and enterprise software. Gateway Capital is known for its hands-on approach, providing not only financial support but also strategic guidance and access to its extensive network of industry experts and successful entrepreneurs.

"Our portfolio companies benefit greatly from the deep operational experience and entrepreneurial expertise that our team brings to the table," Guthrie explained. "We're committed to being active partners in the growth and success of the startups we invest in."

The successful first close of Fund II underscores the growing demand for venture capital investment in the Midwest, as the region continues to emerge as a hub for innovative technology and entrepreneurial activity. With this new capital, Gateway Capital is poised to play an even more significant role in shaping the future of the Midwest startup ecosystem.