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Live Undiscovered Music (LÜM) closes seed funding round
In May, Live Undiscovered Music, or LÜM received $750,000 in seed round funding. LÜM is a music streaming service that is based in Madison, Wisconsin. This platform is different than Spotify or Pandora because as the name suggests, it features music of artists who are undiscovered. LÜM’s steaming service is unique because its platform…
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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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Fetch Rewards closes $8 million deal
MADISON, WI – University of Wisconsin-Madison spinout Fetch Rewards, Inc. has raised $8 million in venture funding from undisclosed investors on November 29, 2018. The company plans to use the money for general corporate purposes. The company previously raised $9.56 million in August 2017, and $8.5 million in May 2015. Fetch Rewards, founded in 2013,…
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Understory continues to grow
On October 10, 2018, Understory, the Madison, Wisconsin based weather company, filed paperwork with the SEC recording a $6.5 million dollar raise. The company which relocated from Somerville, Massachusetts in 2016 provides real-time weather microgrids that help provide accurate information for geo-specific places. This technology can be used by insurance carriers to better understand localized…
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Madison-based TCare raises $385K of convertible debt funding
TCare, founded in 2014 and based in Madison, Wisconsin, has raised $385,000 in convertible debt funding from undisclosed investors in August. The company’s co-founders are Ali Ahmadi and Rhonda Montgomery, Ph.D. At a glance…. TCARE provides evidence-based software solutions aimed at helping caregivers of elderly and disabled loved ones, by improving the overall health of…
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Gregor Diagnostics Raises $0.9 Million Seed Funding in July
Madison startup Gregor Diagnostics raised $900,000 in seed funding in July, 2018. The deal, led by First Round Capital and Green Park & Golf Ventures also included WARF, Health Wildcatters, Nat Turner, and Zachary Weinberg. The company plans to use the money to hire two research scientists and fund its first patient study. In its…
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Health Myne raised $15M in series B venture capital in August
Health Myne raised $15 million in Series B venture capital in August, 2018. The deal was led by Ascension Ventures, and 4490 Ventures. Wisconsin Alumni Research Foundation and Venture Investors also participated in the round. HealthMyne plans to use the funds to expand its global commercialization efforts (1). The company was founded in 2013; Arvind…