Investor profile

Idea Fund of La Crosse logo

Idea Fund of La Crosse

VC

WisconsinMinnesotaIowaUpper MidwestB2B SaaSHealthtechEnterpriseAI/MLOther

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Investment thesis

The Idea Fund partners with seed- and early-stage startup businesses across the Upper Midwest. We support the region's best entrepreneurs who are solving challenging problems with passion and drive, bringing capital, connections and years of experience building exceptional businesses. We are sector agnostic but generally target B2B companies in industry verticals that are well-established in the Upper Midwest, such as healthcare, industrials, agriculture, and engineered products. We partner with startups at their earliest stages and often invest before a company's first sale or even their first product. Our initial investments average around $500K and are expected to fund about 12 to 18 months of a company's operations. We focus on companies disrupting industries with a strong foothold in the Upper Midwest, including agriculture, manufacturing, healthcare, and logistics.

Notable quotes

The new funding allows us to lean in, scaling our offerings and helping our portfolio companies move even faster and farther. Challenging times can create great companies. With venture markets contracting, supporting our region's most promising entrepreneurs is now more important than ever.

Jonathan Horne · WisBusiness · 2024-05-16

There's a ton of venture capital in the market, even though the market's at a multi-year low right now. But the early rounds are just very, very hard for even very qualified founders. This is particularly true in our part of the country.

Jonathon Horne · Twin Cities Business · 2024-05

Our opportunity in this part of the country is directly related to the employment base here.

Jonathon Horne · Twin Cities Business · 2024-05

Team

Jonathon Horne

Managing Director

B2B SaaSEnterpriseHealthtech

Libby Weber

President

Garrett Lauderdale

Vice President

Recent investments

CompanyRoundSizeDate
InsuraviewsSeed2024
TrashpointSeed2024
OfferingTreeVC Round$2m2024-09
DropCap Inc.Seed2024-03
GOLGIXSeed2023-08
Lumberjack TechnologiesSeed2023-02
Quiver QuantitativeSeed$2m2022-03
Part AnalyticsSeed2019
Agent AgnesSeed
OnsettoSeed2024

Frequent co-investors

VC firmDeals together
Allos Ventures1
M251
Bascom Ventures1
Lancaster Investments1
Connetic Ventures1
WARF1

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