Madison News

Propeller Health Raises $21.5 Million in Funding

Propeller Health, an Asthma tracking startup, raised $21.5 million in series C funding. They will use the new funds to expand their product portfolio, which already includes 45 programs. According to CEO David Van Sickle, Propeller would also like to expand globally. The company launch in 2010 and has been growing rapidly thanks to relationships with …

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PerBlue’s DragonSoul Gaming Franchise Acquired

The widely popular mobile role playing game, DragonSoul, was recently acquired from PerBlue by GREE International Entertainment. The DragonSoul franchise has become a household name in mobile gaming with over 9 million players worldwide. GREE international plans to build upon the success of DragonSoul and further increase its reach across Europe and around the world. …

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HealthMyne Raises $6.9 Million in Funding

HealthMyne, a Madison-based health IT startup received $6.9 million in a recent funding round. This includes an investment from the Wisconsin Alumni Research Foundation. HealthMyne’s technology analyzes tumor images to help radiologists identify and track cancerous tumors. The product has been approved by the FDA and there are already pilot products in three hospitals. You can …

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HealthX Raises $20 Million for Digital Health Solutions Fund

HealthX Ventures has raised a total of $20 million for an investment fund that focuses on early stage health startups. Founded in 2015 by Mark Bakken, HealthX is already invested in 5 companies (Redox, EnsoData, MovingAnalytics, HealthiPASS, and Epharmix), and they plan to invest in another 5 to 7 companies in the coming few years. The portfolio …

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Catalyze Raises $6.5 Million in Funding

Madison health IT startup Catalyze recently raised $6.5 million in funding. The growing Madison company does cloud computing for hospitals, facilitating communication between their electronic systems and other digital health companies. Catalyze will use the new funds to expand their team and develop new products that will help the broader healthcare industry use data to analyze the quality of …

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Gener8tor Begins Free Accelerator Program

Gener8tor has announced a free accelerator program for early stage startups tied to Wisconsin State Universities. The six week course, called gBETA, is designed to provide resources and mentoring to young companies in both the Madison and Milwaukee area. It will function similar to Gener8tor’s three month long accelerator; however, companies will not exchange any …

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StartingBlock Gains Donors and Executive Director

With donations from two more prominent foundations, StartingBlock Madison is gaining momentum. Following significant investments from American Family Insurance and the City of Madison, the most recent donations from the MG&E Foundation and Evjue Foundation come as StartingBlock recently named Scott Resnick as executive director of the future entrepreneurial hub in Madison. “Our innovative enterprise …

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Governor’s Business Plan Finalists Chosen

The Wisconsin Governor’s Business Plan Content has selected 13 finalists from a field of over 200 startups. A majority of this year’s finalists are from the Madison area, including AltusCampus, bluDiagnostics Fertility Finder, ConfPlus, CountAbout, Élevé Technical Innerwear, KIINCE, Nutrient Recovery and Upcycling, OnLume, and Hunt Butler. The competition will conclude at the Wisconsin Entrepreneurs’ …

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gener8tor Graduates Winter 2015 Class

Madison and Milwaukee based startup accelerator gener8tor graduated their most recent class of 5 startups. Gener8tor’s Premiere Night took place May 14 at the Barrymore Theater in Madison, where the 5 companies took the stage along with Jack Salzwedel (CEO of American Family Insurance) and the UW Band. Graduates of gener8tor’s latest class include AltusCampus, …

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Drifty Raises $2.6M in Funding

Drifty recently completed an additional $2.6 million funding round led by Lightbank in Chicago, with additional participation from Arthur Ventures. Drifty previously raised $1 million in funding last year, and this latest investment marks Lightbank’s second investment in a Madison based company following their investment in PerBlue last year. Drifty is the creator of the …

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Healthfinch Raises $1.5M in Funding

Healthfinch recently completed a $1.5M financing round led by Jumpstart Ventures. Healthfinch has raised $2.8M total since its founding in 2011. Healthfinch focuses on automating and improving the routine, repeatable work that physicians and healthcare staff are tasked with. The company’s first product, Swoop, focuses on increasing the efficiency of prescription refill requests and is …

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