FUELING THE FUTURE: CMU’s cloud lab | Wisconsin and out-of-state investors | Michigan Rise

  • MICHIGAN—The Michigan Rise Pre-seed Fund III has closed at $6.5 million in state investments to back a strong pipeline of startup companies. Created a year ago and administered by the Michigan State University Foundation, Michigan Rise has at least 10 startups awaiting investments.
  • KANSAS CITY, KS—VC firm Fast Future Capital Partners has closed on their Capital Tech Fund II and Fast Future Capital Tech Fund II-QP (collectively, “Fund II”) with over $60 million in capital commitments, exceeding its $50 million target. The fund will further the VC’s goal of creating companies poised to transform the largest industries in middle America.
  • LINCOLN/OMAHA, NE—Burlington Capital, along with partner Invest Nebraska, announced the launch and initial closing of a new venture capital seed fund, Burlington Capital Ag-Venture, focused on Midwest AgTech innovation. Burlington Capital Ag-Venture intends to raise $11 million and expects to do so with a final close at the end of the year.