Northwestern Mutual and Aurora Health Care have each put $5m into respective VC vehicles Cream City Venture Capital and InvestMKE.

Insurance firm Northwestern Mutual and care provider Aurora Health Care each agreed on Monday to provide $5m of funding, mentoring and business resources for startups in the US city of Milwaukee.

Northwestern Mutual will invest through a fund called Cream City Venture Capital while Aurora will do so through a vehicle known as InvestMKE. The funding and resources will be allocated over a multiyear period and the units plan to work closely with each other.

Cream City will invest between…