A new venture capital fund called Mastercraft Ventures is launching in Beloit with a $2.4 million investment from the state’s Badger Fund of Funds. 

This marks the sixth VC fund to have the Badger Fund as its lead investor and the first in Rock County, according to a release from Mastercraft.

A newly launched venture capital fund headquartered in Beloit has received a $2.4 million investment from the Badger Fund of Funds.

Mastercraft Ventures, led by fund manager Mason Cook, is the sixth venture capital fund to receive support from the Badger Fund.