Milwaukee-based Golgix has developed AI software that predicts failures on automated production lines for manufacturers in industries such as food and beverage, paper, plastics, consumer goods, electronics, and pharmaceuticals. According to the company, unplanned downtime costs manufacturers hundreds of production hours and approximately 6% of their annual revenue. The growing company announced it has closed … Golgix announces $600,000 funding round
According to Pitchbook data, 25 Wisconsin-based startup companies raised venture capital in the second quarter of 2023. Nine of the companies that received venture dollars are headquartered in the Milwaukee region. Collectively, the companies raised over $18.6 million in the second quarter of the year. That number is down from first quarter. Two of the … A second look at Q2 VC funding
According to Pitchbook, Wisconsin startups raised at least $19.5 million in June. Milwaukee-based Frontdesk is the developer of an apartment rental platform designed to serve business and leisure travelers. The company is currently operating in 35 U.S. markets with over 1000 units in more than 150 buildings. Frontdesk raised $4.89 million of Series B-3 venture funding from … Wisconsin VC Funding for June 2023
According to Pitchbook, Wisconsin startups raised $3.04 million in April. Wauwatosa-based RoddyMedical, designers of a wearable medical device used to secure medical lines, secured funds from undisclosed investors. Five of the company’s six active investors are located in Wisconsin. To date, the company has raised $1.57 million in capital. Company Name Amount Raised Funding Type … Wisconsin VC Funding for April 2023
According to Pitchbook data, 27 Wisconsin-based startup companies raised venture capital in the first quarter of 2023. Nine of the companies that received venture dollars are headquartered in the Milwaukee region. Collectively, the companies raised over $28 million in the first three months of the year. Six of the nine deals involved venture capital from … A second look at Q1 VC Funding
At the close of the first quarter, financial reports across the board indicate venture and growth investors in private companies continued to scale back their investment pace. According to Pitchbook data, 27 Wisconsin-based startup companies raised venture capital in the first quarter of 2023. Milwaukee area companies Company Name HQ Location Year Founded Funding Amount … Wisconsin VC Funding Quarter 1
Milwaukee-based startup EVEN, launched in 2022, has reached another funding milestone. Company founder and CEO, Mag Rodriguez, announced it raised a $2.2 million seed round to support the direct-to-consumer platform that allows artists to sell their music to consumers before it is commercially available elsewhere. The funding round was led by CSA Partners with participation … EVEN raises $2.2 Million seed round
MKEStartup.News took a snapshot of the top founders and funders in the Milwaukee startup ecosystem. Using PitchBook, we examined the venture capital deals in the region from January 1, 2019, through January 13, 2022, looking exclusively at data from companies that are headquartered in the Greater Milwaukee area. In that time, Milwaukee companies were involved … Milwaukee’s Movers & Shakers, by the Numbers
Ask any startup founder and that person will tell you funding an early-stage business is a key obstacle on the pathway to success. Typically, the initial capital for a new business comes from the founder. After that, it is common for the founder to seek capital from friends and family supportive of the new venture. … Is a CDFI right for your business?
As part of WI Tech Month, Scale Up Milwaukee hosted a panel of experts to discuss alternative options for funding startup businesses. Representative from Milwaukee Economic Development Corporation (MEDC), Wisconsin Women’s Business Initiative Corporation (WWBIC), Legacy Redevelopment Corporation (LRC), BrightStar Wisconsin Foundation INC, Wisconsin Small Business Development Center (SBDC) and Angel Investor Dave Zachman discussed … Spotted: Alternative Financing Panel