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Polco completes another round of funding
Online civics engagement start-up Polco closed a $1.7M round of equity funding on April 19, 2019. Though based in Madison, Wisconsin, Polco, short for Policy Confluence, Inc. was launched through the Bryan, Texas-based Seed Sumo accelerator in 2015. The company provides a communication platform that encourages community leaders to engage with the residents they serve…
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Roche Spin-off Nimble Therapeutics raises Series A financing
Drug discovery company, Nimble Therapeutics, Inc. based in Madison, Wisconsin secured $10 million in equity funding directed by San Francisco-based venture capital firm, Telegraph Hill Partners on April 30. Nimble Therapeutics spun out of Swiss-based F. Hoffman La Roche as an independent entity to facilitate the expansion of a unique chemical synthesis technology that Roche…
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Madison-based startup Redox closes huge deal
Redox announced April 17 that it has closed a $33 million Series C funding round in a deal led by global investment firm Battery Ventures. Existing investors .406 Ventures, RRE Ventures, and Intermountain Ventures participated in the round. Crunchbase estimates that Redox has now raised approximately $50 million in venture investment. Redox, founded in…
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What is machine as a service? Ask Milwaukee-based SteamChain
Milwaukee based startup SteamChain recently raised capital for a new concept called Machine-as-a-Service (“MaaS”). MaaS is a new idea of selling industrial machines based on performance metrics collected from the machine. Basically, MaaS is a combination of technologies that allow payments and contracts to be tied to the actual performance of a machine – rather…
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Milwaukee-based Bright Cellars raises next round
Bright Cellars has raised a new round of funding. Bright Cellars is a subscription wine club that prides itself on matching individual wine drinkers with wine that they will love. They do this by providing an online assessment that helps wine drinkers discover their own preferences in wine to ensure that their monthly subscription delivers…
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gener8tor is powering Midwest innovation
gener8tor is no longer just a top tier accelerator hidden away in Wisconsin. gener8tor’s mission is to be the best partner for a community to invest in its best and brightest. gener8tor is proving this mission through its success around the SPN region – growing more multiple programs in communities throughout the Midwest. The company…
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Milwaukee, St. Louis, and Kansas City lead the Midwest in first fundings of female-founded companies
A new report signals that St. Louis, Kansas City, and Milwaukee excel compared to the rest of the Silicon Prairie when it comes to first fundings of female-founded companies. The report, published by the Center for American Entrepreneurship and Research Director Ian Hathaway, details the pathway for many early-stage companies and the continued relative scarcity…
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ImageMoverMD raises $4 million in capital
MADISON, WI – ImageMoverMD has raised $4 million in Series B financing. HealthX Ventures, Bain Capital Ventures and Cultivation led the February 11 deal, with Colle Capital Partners and Wisconsin Investment Partners participating. The company will use the investment to expand its customer network and technology offering. ImageMoverMD medical imaging software is designed to improve…
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Fasetto closes $6 million venture funding deal
Wisconsin-based technology startup Fasetto raised $6 million in venture funding from an undisclosed investor on February 4. The company’s real time cloud storage and file sharing platform is intended to provide users easy access to their online content across any platform, device, and connection type. Fasetto’s storage and file-sharing platform is enhanced with a…
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New companies and an accelerator are tackling transportation and logistics in the Silicon Prairie
Virtually every community in the Silicon Prairie advertises that it is in the middle of the country, and thus it is a good location for transportation, logistics, and warehousing. It should come as no surprise then, that many regional communities have a significant employment level in transportation and warehousing. According to the United States Cluster…
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