Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Kegonsa Coinvest Fund is a venture capital fund managed by Kegonsa Capital Partners, LLC, based in Wisconsin. Established in 2007, the fund focuses on generating investor returns by co-investing in funding rounds led by larger regional and national venture capital firms. Although the fund is currently closed to new investments, it has played a significant role in supporting Wisconsin-based startups during its active years.
The fund has a history of investing in growth-stage companies, primarily in rounds two through six. Kegonsa Coinvest Fund has made a total of 13 investments from 2007 to 2012, deploying approximately $7.6 million. The fund's strategy emphasizes collaboration with larger venture capital firms, which enhances its ability to support portfolio companies effectively.
Currently, Kegonsa Coinvest Fund is in wind-down mode, focusing on managing its existing portfolio. The fund's commitment to Wisconsin-based startups has fostered local innovation and growth, contributing to the regional economy.
The Kegonsa Coinvest Fund primarily invests in Wisconsin-based startups, focusing on funding rounds two through six. The fund typically invests between $5 million and $20 million in each round, targeting companies with expected exits ranging from $50 million to $150 million. This investment strategy involves co-investing alongside local, regional, and national venture capital funds in rounds A or later.
Investment criteria emphasize revenue-generating companies that are pre-breakeven, allowing the fund to support businesses that are poised for growth. The Kegonsa Coinvest Fund's focus on co-investment enables it to leverage the expertise and resources of larger venture capital firms, enhancing the potential for successful outcomes.
The Kegonsa Coinvest Fund has a diverse portfolio of 13 companies, although specific names were not disclosed. Notable exits from related funds include acquisitions of portfolio companies at values of $20 million, $35 million, $50 million, and $140 million. One significant exit is Semba Biosciences, which was acquired by Tosoh Biosciences in 2021.
In addition to its direct investments, the fund has partnered with six investment funds, including four national and two regional funds, as well as two corporate investment funds and one corporate strategic investor. This collaborative approach has allowed Kegonsa Coinvest Fund to enhance its investment strategy and support Wisconsin startups effectively.
Kenneth Johnson, Partner at Kegonsa Capital Partners, LLC, manages multiple fund vehicles, including the Kegonsa Coinvest Fund. He has a background in venture capital and is a respected participant in the Wisconsin VC ecosystem. Johnson has been involved in various notable deals and has a strong understanding of the regional market.
As of June 2022, Kegonsa Coinvest Fund is formally closed to new investments and is in wind-down mode. The fund has not made new investments since its closure. However, the Badger Fund umbrella, which includes related vehicles, has invested $12.5 million across 34 Wisconsin startups, raising an additional $54.4 million from other sources.
One notable exit from the Kegonsa Coinvest Fund's portfolio is Semba Biosciences, which was acquired by Tosoh Biosciences in 2021. This acquisition highlights the fund's impact on the Wisconsin startup ecosystem during its active years.
What are the investment criteria for Kegonsa Coinvest Fund?
Kegonsa Coinvest Fund focuses on Wisconsin-based startups in growth stages, specifically rounds two through six. The fund typically invests between $5 million and $20 million per round, targeting companies with expected exits ranging from $50 million to $150 million.
How can startups apply or pitch to Kegonsa Coinvest Fund?
The Kegonsa Coinvest Fund is currently closed to new investments and is not seeking new pitches or applications. However, during its active years, the fund preferred to co-invest alongside larger regional or national venture capital firms.
What makes Kegonsa Coinvest Fund different from other venture capital firms?
Kegonsa Coinvest Fund distinguishes itself by focusing exclusively on Wisconsin-based startups and co-investing with larger venture capital firms. This strategy allows the fund to leverage the expertise and resources of its partners, enhancing the potential for successful outcomes.
What is the fund size and check size for Kegonsa Coinvest Fund?
The fund typically invests between $5 million and $20 million in each funding round. The total amount deployed across 13 investments from 2007 to 2012 was approximately $7.6 million.
What is the geographic scope of Kegonsa Coinvest Fund?
The Kegonsa Coinvest Fund primarily invests in startups located in Wisconsin, focusing on the local innovation ecosystem and supporting regional growth.
What is the post-investment involvement of Kegonsa Coinvest Fund?
The fund adds value to its portfolio companies by leveraging partnerships with larger venture capital firms, providing strategic guidance, and facilitating access to additional funding sources. However, as the fund is currently closed to new investments, its focus is on managing existing portfolio companies.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.