Gateway Capital announces first close of $25M Fund II

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

The archetypal adjacent means Fund II tin statesman its concern operations.

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

It volition beryllium industry-agnostic, she said, though it volition 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.