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BrightStar Wisconsin Foundation

North America, Wisconsin, United States, Milwaukee

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does BrightStar Wisconsin Foundation frequently co-invest with?

SV
North America, Wisconsin, United States, Madison
Co-Investments: 2
gener8tor
North America, Wisconsin, United States, Madison
Co-Investments: 9
TA
North America, Wisconsin, United States, Green Bay
Co-Investments: 3
Wisconsin Super Angel Fund
North America, Wisconsin, United States, Milwaukee
Co-Investments: 5
Northwestern Mutual
North America, Wisconsin, United States, Milwaukee
Co-Investments: 2
Angels on the Water
North America, Wisconsin, United States, Oshkosh
Co-Investments: 5
Golden Angels Investors
North America, Wisconsin, United States, Brookfield
Co-Investments: 5
CSA Partners LLC
North America, Wisconsin, United States, Milwaukee
Co-Investments: 2
Cream City Venture Capital
North America, Wisconsin, United States, Milwaukee
Co-Investments: 4
Wisconsin Investment Partners
North America, Wisconsin, United States, Madison
Co-Investments: 12

Which angels does BrightStar Wisconsin Foundation often collaborate with?

DL
North America, Wisconsin, United States, Milwaukee
Shared Deals: 1
AN
North America, Wisconsin, United States, Milwaukee
Shared Deals: 1
EA
North America, California, United States, Los Angeles
Shared Deals: 1
JR
North America, Wisconsin, United States, Milwaukee
Shared Deals: 1
AS
Europe, England, United Kingdom, London
Shared Deals: 1
LT
North America, Wisconsin, United States
Shared Deals: 1
NG
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by BrightStar Wisconsin Foundation?

Optical X

Tracy, California, United States

Optical X is an online and offline retail platform that offers eyecare products including eyewear, contact lenses, and dry-eye products.

EyewearHealth CareRetail
SeedJan 15, 2025
Amount Raised: $2,000,000
Midwest Games

Green Bay, Wisconsin, United States

Midwest Games is a video game publisher focused on creating opportunities that build meaningful change take a community working together.

ComputerMarketing
SeedOct 30, 2023
Amount Raised: $3,000,000
CHILD Health Imprints

Singapore, Central Region, Singapore

CHILD Health Imprints is a technology company focusing on neonatal clinical care.

Health CareInformation TechnologyMedical
SeedJan 9, 2023
Amount Raised: $2,500,000
ReadySet

De Pere, Wisconsin, United States

ReadySet is a virtual reality platform for consumer goods companies and retailers to innovate.

Consumer GoodsSoftwareVirtual Reality
SeedMay 27, 2022
Amount Raised: $3,250,000
Immuto Scientific

Madison, Wisconsin, United States

Immuto Scientific is a biotechnology services company that provides analytical insights to pharmaceutical companies for drug discovery.

BiotechnologyPharmaceutical
SeedOct 8, 2021
Amount Raised: $2,300,000
Agricycle

Milwaukee, Wisconsin, United States

Agricycle transforms food waste and agricultural byproducts into all-natural and organic CPG brands.

AgricultureFood and BeverageFood ProcessingManufacturingProduct ManagementSustainabilityWaste Management
SeedSep 1, 2021
Amount Raised: $2,400,000
Agricycle

Milwaukee, Wisconsin, United States

Agricycle transforms food waste and agricultural byproducts into all-natural and organic CPG brands.

AgricultureFood and BeverageFood ProcessingManufacturingProduct ManagementSustainabilityWaste Management
SeedApr 24, 2020
Amount Raised: $1,500,000
Ideawake

Milwaukee, Wisconsin, United States

Ideawake provides an easy to use innovation platform combined with programs, services, and expertise that supports the innovation program.

CrowdfundingCrowdsourcingInformation ServicesInformation TechnologySaaSSoftware
SeedJul 30, 2019
Amount Raised: $780,000
Curate

Madison, Wisconsin, United States

Curate is a civic intelligence company that empowers organizations to monitor risk and find opportunities in local government discussions.

Artificial Intelligence (AI)ConstructionMarket ResearchPoliticsSaaSSoftware
GrantJul 9, 2019
Amount Raised: $50,000
Arbré

Stevens Point, Wisconsin, United States

Arbré is a Wisconsin-based tech startup that aims to revolutionize inventory management for horticulture-based producers.

AgricultureAgTechAquacultureCannabisFarmingFlowersGreenTechInformation TechnologySaaSSoftware
SeedJul 8, 2019
Amount Raised: $600,000