Madison and San Francisco based startup SnowShoe recently announced a $1M funding round. They had previously raised $2.5M in earlier rounds.
Founded by three UW graduate students in 2011, SnowShoe sells an intelligent piece of plastic that interacts with touch screens. Among its many uses, the plastic stamp allows users to instantly download music, authenticate purchases, and even transport real life toys into online video games. The newest round of fundraising will allow the company to scale up production of its stamps to reduce the selling price from $2.50 a stamp to fewer than 50 cents each.
SnowShoe, who recently completed the TechStars Disney Accelerator, also announced a new platform that will allow developers to more easily integrate their web pages with the stamps. Read more about SnowShoe and their latest developments on TechCrunch and Xconomy.
Capital Entrepreneurs would like to congratulate the eight companies who just completed the Madworks Seed Accelerator program. The most recent class featured a variety of different tech innovations, cashmere baby wraps, a new yoga music company, a product to aid event promotion, and a foot care device for the elderly.
Madwork’s 10 week course, which is designed to help young companies further develop their ideas, has now successfully worked with a total of 30 companies over the last two years. With a combination of mentoring and capital, the program has been instrumental in helping local startups (and a team from Brazil this year) get their ideas off the ground. Madworks is unique from other accelerator programs because of their focus on problem solving, something that is particularly important for companies in the early development stages.
Applications for the next class are due May 15, with the program set to begin May 26th.
Catalyze recently completed a $4M funding round. The company previously raised a $2M Series A round following completion of the gener8tor accelerator program in 2013. Catalyze provides HIPAA-compliant cloud computing services for the healthcare industry.
More information can be found on Xconomy here.