--- title: "17 Venture Capital Firms in Wisconsin (Nov 2026): by City" last_updated: "2026-11-06" rows: "17" free_rows: "10" source: "SEC filings" canonical: "https://theinvestordatabase.com/lists/venture-capital-firms-in-wisconsin/" --- # 17 venture capital firms in Wisconsin We list 17 venture capital firms in Wisconsin as of November 2026: each has an SEC filing on file, and the list was last checked on 6 Nov 2026. The cities with the most head offices on this list are Madison (8), Milwaukee (3) and La Crosse (1). - 17 firms - 6 with a fund filing or dated deal in the last 12 months - $51M median fund size on file (SEC Form D, 12 firms) - 62 named decision-makers on file ## First 10 of 17 venture capital firms in Wisconsin | Investor | Type | HQ | Stages (our research) | Focus (our research) | Latest fund or deal | Fund size | Checked | Profile | |---|---|---|---|---|---|---|---|---| | HealthX Ventures | VC firm | Madison, WI | Seed | Healthtech, AI, Medtech, SaaS | New deal, Sep 2026 | $100M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/healthx-ventures/ | | Clarevia | VC firm | Madison, WI | | Healthtech, Biotech, Medtech | New deal, May 2026 | $100M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/venture/ | | Idea Fund of La Crosse | VC firm | La Crosse, WI | Seed | Generalist | New deal, Aug 2026 | $50M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/idea-fund-of-la-crosse/ | | TitletownTech | VC firm | Green Bay, WI | Seed, Series A | AI, Healthtech, Industrial Tech, Food and Beverage | New deal, Oct 2025 | $80M (SEC Form D, 2022) | 2026-11-05 | https://theinvestordatabase.com/investors/titletowntech/ | | Mastercraft Ventures | VC firm | Beloit, WI | Pre-seed, Seed | Generalist | New fund, Dec 2025 | $12M (SEC Form D, 2025) | 2026-11-04 | https://theinvestordatabase.com/investors/mastercraft-ventures/ | | Character | VC firm | Milwaukee, WI | Pre-seed, Seed | AI, Healthtech, SaaS, Medtech | New fund, Mar 2025 | $52M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/character/ | | AmFam VC | VC firm | Madison, WI | Pre-seed, Seed, Series A, Series B, Growth | Fintech, Insurtech, AI, Proptech | New fund, Dec 2023 | $419M (SEC Form D, 2022) | 2026-11-05 | https://theinvestordatabase.com/investors/amfam-vc/ | | Background Capital | VC firm | Madison, WI | | | New fund, Dec 2025 | | 2026-11-04 | https://theinvestordatabase.com/investors/background-capital/ | | Capital Midwest Fund | VC firm | Mecquon, WI | | Media, B2B, Industrial Tech, SaaS | New deal, Jul 2023 | $100M (SEC Form D, 2021) | 2026-11-05 | https://theinvestordatabase.com/investors/capital-midwest-fund/ | | WVV Capital | Corporate VC | Milwaukee, WI | | AI, Healthtech, Industrial Tech, Fintech | | $79M (SEC Form ADV) | 2026-11-05 | https://theinvestordatabase.com/investors/cvc/ | You are seeing 10 of 17. The full list adds 7 more firms and 62 named decision-makers. Get all 17 firms and 62 named contacts, $49, one-time: https://theinvestordatabase.com/buy/list/venture-capital-firms-in-wisconsin This page: https://theinvestordatabase.com/lists/venture-capital-firms-in-wisconsin/ ## Method and limits - Source: All 17 rows carry an SEC filing (Form D or Form ADV). 13 of the 17 have a website we checked; the other 4 rest on the filing or register entry alone. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research. - Inclusion rule: Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. This list holds VC firms, fund managers and corporate venture arms; accelerators and angel networks are in their own lists. Place: head office in Wisconsin. - Order: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. - Fill rates: Of 17 rows: stage 9, sector 12, fund size 15, website 13. In the paid file: named decision-makers on 14 rows, firm email on 4, LinkedIn page on 4, check size on 1. ## Questions ### How many VC firms are in Wisconsin? We list 17 as of November 2026. 6 of the 17 have a fund filing or a dated deal in the last 12 months. By type: VC firm (16) and Corporate VC (1). ### Which cities in Wisconsin have the most VC firms? Madison (8), Milwaukee (3) and La Crosse (1). ### Which Wisconsin VC funds filed with the SEC in the last 12 months? 3 of the 17 have a fund filing dated in the last 12 months. The most recent on this list are Talents (Feb 2026), Background Capital (Dec 2025) and Mastercraft Ventures (Dec 2025). ### What stages do venture capital firms in Wisconsin back? Of the 9 with a stage on file, seed (9), pre-seed (4) and Series A (2). A firm can back more than one stage, and 8 rows have no stage on file yet. ### Where does the data on venture capital firms in Wisconsin come from and how often is it updated? All 17 rows have an SEC filing on file (Form D or Form ADV). Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 6 Nov 2026 at the latest. The whole file is re-verified twice a year. ### Can I download the list of venture capital firms in Wisconsin as a spreadsheet? Yes. The file holds all 17 rows in Excel and CSV, with 62 named decision-makers and 4 firm emails, for $49 one-time. 10 rows are free on this page.