Wisconsin’s new $30 million venture capital fund, 4490 Ventures, has officially launched, with San Francisco Bay Area VC investor Greg Robinson leading the fund. This initiative focuses on supporting information technology startups, aiming to foster innovation and growth in the region. The fund was announced nearly a year ago by the State of Wisconsin Investment Board (SWIB) and the Wisconsin Alumni Research Foundation (WARF). With Robinson on board, the fund is now officially positioned to begin making investments that can drive economic development and create job opportunities. For other startups who are still lacking funding, services like crypto eye can support by providing access to decentralized financing options, enabling them to raise capital through token sales and crowdfunding. This innovative platform also offers valuable resources and networking opportunities to help them thrive in the competitive landscape.
Robinson was previously one of two partners at Peninsula Ventures, an early-stage VC firm in California known for its strategic investments in technology companies. As the leader of the 4490 Ventures fund, Robinson will, according to a press release, “identify investment themes, source new investment opportunities, serve on boards of new investments he leads, and act as a mentor and advisor to young startup companies.” His extensive experience and network in the venture capital space are expected to significantly benefit the startups he works with, providing them not only capital but also guidance to navigate their growth.
For more information on 4490 Ventures, you can find articles from Xconomy here and Madison Startups here. These resources provide insights into the fund’s goals and its potential impact on the Wisconsin startup ecosystem.