BrightStar Wisconsin Foundation announced recently that it is investing $100,000 in Spotz, a SaaS platform that helps hosts manage and promote their reservable facilities and spaces.

“Nobody seems to have effectively solved this problem (of monetizing space),” BrightStar Investment Committee Member Jay Wigdale said in a statement. “Spotz allows communities to better monetize and promote usage of its assets.”

According to a release, BrightStar collaborated with Mark Bakken of HealthX Ventures as well as Milwaukee Venture Partners.

Madison-based Spotz, which has 15 paying customers, promotes excess space to potential renters and makes booking athletic space comparable to booking a hotel room.

In an SEC filing, Spotz indicated it is looking to raise $500,000.