# Investors based in Madison (2026 list) > 89 investors based in Madison, 6% active in the last 12 months. Led by Gener8tor, Baird Capital, Venture Investors. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-madison (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Madison Updated 7 November 2026 Firms with an address in Madison. A head office is a fact about the firm; where it invests is on its own page. [See all 89 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-madison)The top 25 **89** investors on the list No change this week **19** cheques in 12 months *-5%* against the market **$6M** median round they joined *-25%* against the market median **6%** wrote a cheque in 12 months **6%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (5) - 1 [Gener8tor](https://millionrounds.com/fund/gener8tor) *Deploying now* VC firm · United States **184** **$792K** median round **Aug 2026** last seen - 2 [Baird Capital](https://millionrounds.com/fund/baird-capital) quiet Wealth manager · United States **78** **$25M** median round **Sept 2025** last seen - 3 [Venture Investors](https://millionrounds.com/fund/venture-investors-health-fund) quiet VC firm · United States **40** **$54M** median round **Aug 2024** last seen - 4 [Wisconsin Investment Partners](https://millionrounds.com/fund/wisconsin-investment-partners) quiet VC firm · United States **19** **$1.1M** median round **Nov 2015** last seen - 5 [HealthX Ventures](https://millionrounds.com/fund/healthx-ventures) *Deploying now* VC firm · United States **10** **$7.2M** median round **Oct 2026** last seen - 6 [Calumet Venture Fund](https://millionrounds.com/fund/calumet-venture-fund) quiet Growth equity · United States **8** **$3.8M** median round **Jan 2015** last seen - 7 [4490 Ventures](https://millionrounds.com/fund/4490-ventures) quiet VC firm · United States **7** **$5.8M** median round **Dec 2019** last seen - 8 [Badger Fund](https://millionrounds.com/fund/badger-fund) quiet VC firm · United States **6** **$5M** median round **Sept 2011** last seen - 9 [American Family Insurance](https://millionrounds.com/fund/american-family-insurance) quiet Corporate VC · United States **5** **$109M** median round **Jan 2017** last seen - 10 [CMFG Ventures](https://millionrounds.com/fund/cmfg-ventures) quiet Corporate VC · United States **5** **$10M** median round **Oct 2019** last seen - 11 [Acadian Ventures](https://millionrounds.com/fund/acadian-ventures) *Deploying now* VC firm · United States **4** **$3.1M** median round **Oct 2026** last seen - 12 [SymphonyAlpha Ventures](https://millionrounds.com/fund/symphony-alpha-ventures) quiet VC firm · United States **3** **$1M** median round **Sept 2016** last seen - 13 [30Ventures](https://millionrounds.com/fund/30ventures) quiet VC firm · United States **2** **$4.6M** median round **Aug 2019** last seen - 14 [Exact Sciences](https://millionrounds.com/fund/exact-sciences) *Deploying now* VC firm · United States **2** **$69M** median round **Mar 2026** last seen - 15 [TruStage](https://millionrounds.com/fund/trustage) *Deploying now* Investment firm · United States **2** **$14M** median round **Apr 2026** last seen - 16 [WISC Partners](https://millionrounds.com/fund/wisc-partners) quiet VC firm · United States **2** **$6M** median round **Nov 2019** last seen - 17 [Alliant Energy](https://millionrounds.com/fund/alliant-energy) quiet Corporate VC · United States **1** **$15M** median round **Oct 2002** last seen - 18 [Realogy Holdings](https://millionrounds.com/fund/realogy-holdings) quiet Growth equity · United States **1** **$45M** median round **Mar 2019** last seen - 19 [Rock River Capital Partners](https://millionrounds.com/fund/rock-river-capital-partners-llc) quiet VC firm · United States **1** **$3.2M** median round **Aug 2019** last seen - 20 [WARF Ventures](https://millionrounds.com/fund/warf-ventures) quiet Corporate VC · United States **1** **$15M** median round **Aug 2018** last seen - 21 [Wisconsin Economic Development C](https://millionrounds.com/fund/wisconsin-economic) quiet Government · United States **1** **$50K** median round **Aug 2013** last seen - 22 [Accretive Capital Partners](https://millionrounds.com/fund/accretive-capital-management-llc) unknown Hedge fund · United States **none observed** **-** median round **-** last seen - 23 [Alvin H. Baum Family Fund](https://millionrounds.com/fund/alvin-h-baum-family-fund) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 24 [American Family Insurance Institute for Corporate and Social Impact](https://millionrounds.com/fund/american-family-insurance-institute-for-corporate-and-social) unknown Corporate VC · United States **none observed** **-** median round **-** last seen - 25 [Bascom Ventures](https://millionrounds.com/fund/bascom-ventures-an-alumni-ventures-fund) unknown Private equity · United States **none observed** **-** median round **-** last seen **64 more on this list** All 89 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-madison) ## The Newest Cheques Rounds this list's investors joined most recently - **26** Oct **[Colare](https://millionrounds.com/company/colare)** Pre-seed · $2.5M *With* [Acadian Ventures](https://millionrounds.com/fund/acadian-ventures) - **20** Oct **[Gradient](https://millionrounds.com/company/gradient)** Pre-seed · $4M *With* [Acadian Ventures](https://millionrounds.com/fund/acadian-ventures) - **20** Oct **[Vinyl Health](https://millionrounds.com/company/vinyl-health)** Seed · $2M *Led by* [HealthX Ventures](https://millionrounds.com/fund/healthx-ventures) - **1** Aug **[ApartmentIQ](https://millionrounds.com/company/apartmentiq)** Series C · $25M *With* [Gener8tor](https://millionrounds.com/fund/gener8tor) - **1** Jul **[Immigify](https://millionrounds.com/company/immigify)** Pre-seed · $1M *With* [Gener8tor](https://millionrounds.com/fund/gener8tor) - **1** May **[Passage](https://millionrounds.com/company/passage)** Series A · $610K *With* [Gener8tor](https://millionrounds.com/fund/gener8tor) ## Stages This Year 18 rounds - Seed **22%** - Venture **22%** - Pre-seed **22%** - Series A **11%** - Debt **6%** - Other **17%** ## What They Backed Sectors, last 12 months - AI **7** - Big Data & Analytics **2** - Healthcare **2** - Fintech **2** - E-commerce **2** - Consumer Apps **1** ## Cheques by Quarter Led Joined 3 Q1 25 2 Q2 25 8 Q3 25 5 Q4 25 9 Q1 26 4 Q2 26 2 Q3 26 3 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Madison ### Who are the most active investors based in Madison? By cheques observed, the most active are Gener8tor, Baird Capital, Venture Investors, Wisconsin Investment Partners and HealthX Ventures. ### How many investors based in Madison are there? 89 are on record. 6% made an investment in the last 12 months and 6% have led a round. ### Which stages do investors based in Madison back? Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Pre-seed (29%). ### How big are the rounds investors based in Madison join? The typical (median) round among the leading investors here is $6M. ### Which sectors do investors based in Madison back most? In the last 12 months, mostly AI, Big Data & Analytics and Healthcare. ### Which investors based in Madison lead the most rounds? HealthX Ventures (3 led), Baird Capital (2 led) and CMFG Ventures (1 led). ### What have investors based in Madison invested in recently? Recent rounds include Colare (Pre-seed, Oct 2026, with Acadian Ventures), Gradient (Pre-seed, Oct 2026, with Acadian Ventures) and Vinyl Health (Seed, Oct 2026, with HealthX Ventures). ### How is this list of investors based in Madison ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)