Aurora Health Care and Northwestern Mutual invest $10M in startups

Freeman Staff

Oct. 31, 2017

WAUKESHA — Northwestern Mutual and Aurora Health Care announced Monday that each company will invest $5 million to support Milwaukee startups through a multi-year funding commitment, business resources and mentorship.

Two of the companies’ most recent examples of their commitment to the local startup community are Northwestern Mutual’s Cream City Venture Capital and Aurora Health Care’s InvestMKE. Cream City VC and InvestMKE will each have independent investment criteria, but will be run in close collaboration to maximize the opportunities for funding, mentorship and technology development.

Cream City VC, led by Northwestern Mutual venture partner Craig Schedler, will provide early stage funding for startups ranging from $100,000 to $250,000. Beyond providing early stage capital, Cream City VC will offer its portfolio of companies access to additional Northwestern Mutual resources, including advisors, mentors, co-working space and technology resources. Cream City VC investments will not be focused on a specific industry. The fund will look to partner with local entrepreneurs that are leveraging technology solutions to address significant problems and have a clear vision of the business they are trying to create.