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Capital & Finance

A second look at Q1 VC funding

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According to PitchBook data, Wisconsin companies raised $33.76 million in disclosed funding in the first quarter of 2025.
Madison-based Hummingbird Healthcare topped the list. The company developed a health care technology platform that standardizes patient access services. The health tech innovators raised $20 million in Series B funding in a deal led by Health Velocity Capital on Feb. 20, 2025, putting the company’s pre-money valuation at $38.49 million. CU Healthcare Innovation Fund, University of Colorado Health and other undisclosed investors also participated in the round.

The funds will be used to continue scaling technology, processes and personnel to help health system clients modernize patient access.

Highlighted deals indicate investment dollars from Wisconsin.

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