
BrightStar Wisconsin Foundation
Description
BrightStar Wisconsin Foundation is a distinctive non-profit organization dedicated to fostering economic growth and job creation within the state of Wisconsin. Unlike traditional venture capital firms, BrightStar operates with a unique model where any financial returns generated from its investments are not distributed to stakeholders but are instead recycled directly back into the fund. This allows the foundation to continuously support new early-stage, for-profit companies, reinforcing its mission to build a robust entrepreneurial ecosystem across Wisconsin.
The foundation primarily targets promising early-stage companies that demonstrate significant potential for scalability and job creation. Their investment thesis is rooted in identifying innovative businesses that can contribute meaningfully to the state's economy. BrightStar's typical initial investment ranges from $250,000 to $500,000, providing crucial seed or early-stage capital to nascent ventures. They also maintain the flexibility to participate in follow-on funding rounds, offering continued support as their portfolio companies mature and scale.
Over its operational history, BrightStar Wisconsin Foundation has made a substantial impact on the state's startup landscape. The organization has invested in over 50 companies, demonstrating a broad commitment to diverse sectors and entrepreneurial endeavors throughout Wisconsin. Cumulatively, BrightStar has deployed more than $10 million into these Wisconsin-based businesses, underscoring its significant role as a catalytic investor. This strategic deployment of capital, combined with its non-profit, evergreen fund structure, positions BrightStar as a vital and enduring force in the regional venture community, focused purely on long-term economic development rather than short-term financial gains.
Investor Profile
BrightStar Wisconsin Foundation has backed more than 59 startups, with 1 new investments in the last 12 months alone. The firm has led 16 rounds, about 27% of its total and boasts 7 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in United States, Singapore.
- Strong thematic focus on Software, Health Care, Information Technology.
- Led 1 rounds in the past year.
- Typical check size: $250K – $500K.
Stage Focus
- Seed (63%)
- Series Unknown (20%)
- Series A (7%)
- Angel (3%)
- Grant (3%)
- Convertible Note (2%)
- Series D (2%)
Country Focus
- United States (98%)
- Singapore (2%)
Industry Focus
- Software
- Health Care
- Information Technology
- Medical
- E-commerce
- Manufacturing
- Biotechnology
- Information Services
- Saas
- Construction
Frequently Asked Questions
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