Gener8tor

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gener8tor
IndustryVenture Capital
FoundedJune 2012; 13 years ago (2012-06)[1]
Headquarters
Madison Edit this on Wikidata
Number of locations
3 (2017) 46 cities (2021)
Key people
Troy Vosseller, Joe Kirgues, Maggie Brickerman, Abby Kursel
BrandsgBETA

NMotion Motown Accelerator

OnRamp Conference Series
Number of employees
90+
WebsiteOfficial website Edit this at Wikidata

Gener8tor (stylized gener8tor) is an American startup accelerator that operates in several US cities, including Madison, Milwaukee, and Minneapolis.[2]

Since its inception, Gener8tor has invested in 180 companies, which have gone on to raise more than $1 billion in total follow-on financing.[3][4]

Program

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Gener8tor offers $20,000 in exchange for 6–7% of equity and another $80,000 in the form of an uncapped convertible note.[5][6]

Each class happens in a different city, with Madison in the Spring, Minneapolis in the Summer, and Milwaukee during the Fall. Each class lasts about 3 months.[7]

In its Madison 2017 class, Gener8tor accepted 5 out of 691 companies.[8][9][needs update]

History

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Gener8tor's first fund was backed by Dan Armbrust, founder of Granite Microsystems, a Mequon, Wisconsin equipment manufacturer, and Dan Bader, president and CEO of Bader Philanthropies. gener8tor is a sponsor for Front Row Motorsports driver Todd Gilliland in the NASCAR Cup Series.[10]

Gener8tor Fund II

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CSA Partners Venture Management, a venture capital fund backed by Chris Abele, Milwaukee County Executive, and former president and CEO of the Argosy Foundation, Wisconsin Investment Partners, and other individual investors contributed $2.1 million to "Gener8tor Fund II". The funds are for operations and investments of the Gener8tor companies.[11]

References

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  1. ^ Newman, Judy (June 16, 2012). "Tech and Biotech: gener8tor looks to grow new Wisconsin tech firms". Wisconsin State Journal.
  2. ^ "Gener8tor's Minneapolis accelerator gets new leader". www.bizjournals.com. Retrieved July 17, 2017.
  3. ^ "Statistics". gener8tor. Retrieved July 17, 2017.
  4. ^ Journal, Judy Newman | Wisconsin State. "Gener8tor unleashes its latest class of startups". madison.com. Retrieved July 17, 2017.
  5. ^ "Apply". gener8tor. Retrieved July 17, 2017.
  6. ^ "Badger Business Generators: Joe Kirgues & Troy Vosseller". Wisconsin Alumni Association. March 8, 2015. Retrieved July 17, 2017.
  7. ^ "Gener8tor named one of the country's top 16 accelerators". Retrieved July 17, 2017.
  8. ^ Moe, Alex (May 15, 2017). "Premiere Night showcases gener8tor's latest group". WisBusiness.com. Retrieved July 17, 2017.
  9. ^ "Errund joins top startup accelerator - The Errund Blog". The Errund Blog. February 2, 2017. Retrieved July 17, 2017.
  10. ^ "gener8tor, Ruedebusch Development to Continue Sponsorship of Todd..." Racing America. Retrieved March 30, 2024.
  11. ^ Lee, Troy (December 1, 2014). "Gener8tor's New Fund Worth $2.1M". madisonstartups.com. Eat Drink Madison, LLC. Retrieved June 23, 2015.