Investor profile
Idea Fund of La Crosse
VC
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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.”
“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.”
“Our opportunity in this part of the country is directly related to the employment base here.”
Team
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Insuraviews | Seed | — | 2024 |
| Trashpoint | Seed | — | 2024 |
| OfferingTree | VC Round | $2m | 2024-09 |
| DropCap Inc. | Seed | — | 2024-03 |
| GOLGIX | Seed | — | 2023-08 |
| Lumberjack Technologies | Seed | — | 2023-02 |
| Quiver Quantitative | Seed | $2m | 2022-03 |
| Part Analytics | Seed | — | 2019 |
| Agent Agnes | Seed | — | — |
| Onsetto | Seed | — | 2024 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Allos Ventures | 1 |
| M25 | 1 |
| Bascom Ventures | 1 |
| Lancaster Investments | 1 |
| Connetic Ventures | 1 |
| WARF | 1 |
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