# Badger Fund: portfolio, investments and team

> Badger Fund is a vc firm based in United States. 6 investments on record, latest Sept 2011. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/badger-fund (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Badger Fund

Last cheque observed Sep 2011. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

VC firm Quiet

Seed Growth Venture Capital & Private Equity

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **5518** days **00** hrs **00** min **00** sec

Median round **$5.0M** Rounds led **0 of 6** Sole investor **3 rounds** Exits **1 from the portfolio** Mostly in **United States, 100%**

Pitch Badger Fund

## Badger Fund highlights

- 01 6 rounds on record
- 02 Mostly Series A and Series B: 83% of its rounds
- 03 Sole investor in 3 rounds, median $600K
- 04 1 exits from the portfolio

## What they do

> Kegonsa Capital Partners was founded in 2004 to form and manage new Wisconsin-based venture capital funds.... Investment focus is first $500,000 investor in entrepreneurial startups. From their own website

- **Type:** VC firm
- **Cheque size:** Up to $500K as they say
- **Stages:** Seed Growth
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Madison, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **6 appearances**

- **2011** 1 round
- **Sept** **[Networked Insights](https://millionrounds.com/company/networked-insights)** Series B · US · finsmes.com **$20M** With 1 other
- **2010** 2 rounds
- **Oct** **[Alice.com](https://millionrounds.com/company/alice-com)** Series A · US · sec.gov **$18M** With 1 other
- **Apr** **[Networked Insights](https://millionrounds.com/company/networked-insights)** Series A · US · techcrunch.com **$5.0M** Sole investor
- **2008** 1 round
- **May** **[Idle Free Systems](https://millionrounds.com/company/idle-free-systems)** Series A · US · kegonsapartners.com **$600K** Sole investor
- **2006** 2 rounds
- **Oct** **[jellyfish](https://millionrounds.com/company/jellyfish)** Series A · US · techcrunch.com **$5.0M** With 1 other
- **Jan** **[U.S. TrailMaps](https://millionrounds.com/company/u-s-trailmaps)** Venture · US **$600K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[jellyfish](https://millionrounds.com/company/jellyfish)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$50M** Oct 2007

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Growth

Median round joined **$5.0M** the round, not its cheque Alone, median **$600K**

Led 0 of 6 rounds **0%**

- **Said size:** Up to $500K
- **Sole investor:** 3 rounds
- **Last cheque:** Sept 2011
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A *4*
- Series B *1*
- Venture *1*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2006 2011

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## Quick answers about Badger Fund

### What does Badger Fund invest in?

Badger Fund invests most often at Series A and Series B (83% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Badger Fund?

6 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2011.

### How big are Badger Fund's cheques?

The median round it joins is $5.0M.

### Does Badger Fund lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does Badger Fund invest?

Most of the companies it backs are in the United States (100%).

### Is Badger Fund investing now?

No investments in the last 12 months; the latest was in Sept 2011.

### What kind of investor is Badger Fund?

Badger Fund is a VC firm based in Madison, United States.

### Where does this information on Badger Fund come from?

From 5 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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