EAU CLAIRE, Wis. — The Idea Fund of La Crosse and Great North Labs in St. Cloud, Minn., have a lot in common when it comes to early stage investing in the Upper Midwest.
Both funds are roughly the same size in terms of dollars they manage ($13 million and $24 million, respectively) and both like to invest in young companies operating in small to mid-sized cities, having closed a collective 24 deals so far.