New Wisconsin Venture Capital Fund Completes Initial Fundraising

Kegonsa Capital Partners' "Kegonsa Seed Fund I" has successfully completed raising $10 million from 41 individual investors, according to the Capital Times of Madison.  "The fund is the first new Wisconsin-based venture capital fund in more than 10 years that was not initiated by a capital commitment by the State of Wisconsin Investment Board," said Kenneth U. Johnson, managing director of Kegonsa Capital Partners.  The fund, made up completely of individual investors who are primarily from Wisconsin, will make initial investments in Midwestern start-ups of $250,000 to $500,000.  Offers have already been made to two Wisconsin ventures.