"Gateway Capital Partners has announced the first close for its $25 million target Fund II, which allows the firm to begin its investment operations."
"Dana Guthrie stated that Fund II's average check size will be between $500,000 and $600,000, focusing on industries ripe for disruption."
"The firm aims to back at least 20 companies from Fund II, which will be industry-agnostic with a bias toward Midwest sectors."
"Gateway Capital, launched in 2020, previously raised a $13 million Fund I in the same year."
Gateway Capital Partners has achieved the first close of its $25 million target Fund II, allowing the firm to commence investment activities. Founded by Dana Guthrie, the firm started raising Fund II in mid-2022, with an average check size between $500,000 and $600,000. The fund will focus on various industries, particularly those in the Midwest that are poised for disruption, including supply chain, logistics, and manufacturing AI. The firm aims to support at least 20 companies through this fund.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]