TitletownTech Closes $70 Million 2nd Fund Bringing Total Raised to $95 Million
originally published at titletowntech.com
TitletownTech, a venture capital firm formed out of a partnership between the Green Bay Packers and Microsoft, successfully closed its second fund of $70 million from 27 new and existing investors, including the Green Bay Packers and Microsoft. Launched in 2019, TitletownTech now has $95 million in assets under management.
TitletownTech’s combined Fund I and Fund II corporate investor base highlights expertise across individual domains and TitletownTech’s industries of investment in areas core to the Midwest: sports, media, & entertainment; health & wellness; agriculture, water, & environment; manufacturing & construction; supply chain & logistics; and cross-industry technologies. The firm’s corporate investors offer TitletownTech portfolio companies unique opportunities for market feedback, potential pilots, and partnerships.
“More than doubling the size of our first fund demonstrates the trust and confidence our investors have in the strength of our team and portfolio,” said TitletownTech Managing Director Craig Dickman. “With new and existing investors working alongside us, we are uniquely positioned to support founders and portfolio companies.”
“Through TitletownTech, we’ve learned that entrepreneurship is a team sport, which is why we’re pleased to continue supporting entrepreneurs and inspiring others to embrace innovation,” said Green Bay Packers President and CEO Mark Murphy. “We think TitletownTech has the potential to be one of the most impactful things we do for the organization, community, and beyond.”
“When we teamed up with the Packers five years ago to bring more entrepreneurship and opportunity to Green Bay, we were tapping into a long legacy of innovation in Wisconsin and across the Midwest,” said Brad Smith, Vice Chair and President of Microsoft. “Today, this winning formula is gaining momentum with new startups, new talent, and another round of funding.”
Located in the heart of Titletown across from historic Lambeau Field, TitletownTech was launched to catalyze a network of champions to support startup founders and their teams. With engaged corporate investors, in-residence partners, industry advisors, higher education, and a dedicated core team, TitletownTech is unlocking the potential of disruptive ideas.