Madison’s 6th annual Startup Weekend will take place April 7-9, 2017 at University Research Park.
For more information and to register, go here.
Startup Weekend is a weekend long event where developers, designers, marketers, and startup enthusiasts come together to share ideas, form teams, build products, and launch startups. To get a better idea about the event, check out a brief video trailer here. Whether you’ve been to startup weekend before or are coming for your first time, you’re guaranteed to learn, meet, and develop your entrepreneurial side.
Startup Weekend is a great opportunity for both new and seasoned entrepreneurs to gain valuable experiences and put their unique skill sets to use, meet people, and have fun. The weekend is centered around building a business plan with a small group and will culminate with presentations on Sunday, but there are also speakers and networking events for the whole group. People of all different backgrounds and with all different skills are encouraged to participate.
Follow Startup Weekend MSN on Twitter and #swmadison hashtag for information. Sponsors for the event include Healthfinch, Gener8tor, Fine Point Consulting, American Family Insurance, Zendesk, Neider and Boucher, and the Wisconsin Economic Development Corporation.
EatStreet continues their rapid growth as they recently acquired assets from a Philadelphia-based startup in order to aid expansion to cities they operate in across the U.S.
The startup, called Zoomer, has agreed to sell EatStreet certain assets of the business including restaurant contracts in 10 markets for for an undisclosed amount of money. In addition, many employees from Zoomer will join the EatStreet team. The strategic purchase will allow EatStreet to have more control of the food delivery process from start to finish, and the acquisition will help them better manage deliveries for high volume restaurants.
EatStreet now employs over 150 people in the Madison area and has 15,000 plus restaurants available on its service. More information is available here.
Redox just completed a $9M Series B funding round, led by RRE Ventures. Redox is a local startup that is accelerating technology adoption in healthcare with cloud-based applications. These applications are revolutionizing the way healthcare data is shared among healthcare organizations, patients, researchers, and technology providers.
Redox plans on using the funding to continue improving their technology and expanding its use. Since their applications are centralized, they will become more powerful as the number of users increases. The ultimate goal is to create a system where clinical data follows patients so that any hospitals or specialists they visit will be able to easily access their information.
Read more about Redox and their growth strategy here
Sector67 has raised $450,000 of their $600,000 capital campaign goal that will go towards building a new home in downtown Madison. But Sector67 still needs your help!
The non-profit organization, which recently celebrated their 6-year anniversary, is a community hackerspace where entrepreneurs are empowered to build, learn, and help each other innovate. Some of the many resources provided at Sector67 include a wood shop, 3D printers, laser cutters, metal fabrication tools, office space, and much more.
The funding campaign will ensure that Sector67 remains a staple in the Madison entrepreneurial community for years to come. Donors for the campaign include Madison Community Foundation, University Research Park, Madison Kipp, Stoughton Trailer, IEEE Entrepreneurs, Consultants Network, and many individual donors too.
Sector67 hopes to raise another $150,000 to complete the campaign and finish building their new 15,000 square foot space at 56 Corry Street. If you would like to contribute, you can do so here!
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 key healthcare partners including Dignity Health and government programs like Molina Healthcare. You can learn more about Propeller here.
EatStreet is reported to have raised 11 million in another big round of funding.
The mobile food ordering platform is growing rapidly as they now serve 15,000 restaurants in over 250 cities across the US. EatStreet recently moved to new offices on the Capitol Square as they continue to expand. The Madison based company has now raised a total of 38.5 million dollars to date. You can read more about EatStreet here.
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. As for PerBlue, the acquisition will allow the Madison company to continue managing their current collection of games as well as develop new mobile role playing games. You can read more about the acquisition here and here.
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 read more about HealthMyne here.
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 consists of companies that will be an integral part in lowering healthcare costs and improving the lives of many patients in the process. You can read more about HealthX here.
Moxe Health has recently announced a $5.5 million round of funding. The Madison-based company has developed tools that improve the flow of data in the healthcare industry. Among its many uses, Moxe’s software aids in the transfer of information between healthcare systems that use different software for handling patient records. The additional funds will allow Moxe to hire more employees and boost sales as they aim to double in size in the next year. You can read more about Moxe Health here.
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 health care their customers receive. You can read more about Catalyze here.
ABODO recently announced a $4.8 million round of funding.
The Madison-based startup is the creator of a popular software used by renters to locate apartments. Their service is already offered in 30 cities across the US, and they plan to use the funding to double that number by the end of 2017. In addition, the funding round led by 4490 Ventures will allow ABODO to move to bigger offices to accommodate their growing company.
With over 500,000 users per month, ABODO has positioned itself as a leader in the apartment search industry. They have now raised over $8 million to date. You can read more about ABODO here.
Ionic recently announced an $8.5 million round of funding.
Since the company’s inception in 2011, over 2 million apps have been created using the Ionic framework. The current round of funding will be used to boost sales and continue building out commercial services that go along with the open-sourced SDK. You can read more about Ionic’s raise here.
Madison based startup, AkitaBox, recently announced a $1.1 million round in seed funding.
The young company, which was founded in 2015, has developed a software that is used for managing buildings. More specifically, building operators use AkitaBox as a tool for optimizing operations and automating workflow. Previously, building operators had to spend an excess amount of time on tasks like manual data entry and building management. AkitaBox provides a solution that will ultimately allow managers to identify and prevent problems before they occur and save them time and money in the process.
AkitaBox already sells their software to national brands, such as UW Health and Aramark. They plan to use this round of funding to boost sales growth and further develop their product. You can read more about AkitaBox on Xconomy here.
Understory recently announced that they raised $7.5 million in a Series A round.
In addition, the company formerly known as Subsidence is moving its headquarters back to Madison, Wisconsin. Founded in 2012 and a graduate of the Gener8tor accelerator program, Understory is a tech startup that has developed a device that monitors information about the weather. Specifically, the solar powered technology is able to track humidity levels, temperature, rainfall, hail, and the speed and direction of the wind. Understory has gained a competitive advantage because their measurements are incredibly accurate, a product of collecting weather information from Earth’s surface as opposed to from the atmosphere.
The latest round of funding will allow Understory to build up to 250 new stations around the U.S. and hire additional employees to manage the growth. The company says it is moving its headquarters back to Madison for strategic reasons and also credits the move to the major growth in the Madison startup scene in recent years.
Understory has now raised $9.7 million to date. You can read more about Understory on Xconomy here.
EatStreet just announced that they raised an additional 15 million dollars in funding. The series C round, which was led by VC 4490 Ventures and Lumia Capital, will make EatStreet competitive with the biggest online food ordering services on the market.
EatStreet was founded in 2010 by three UW-Madison students, and five years later they have now partnered with over 15,000 restaurants in 250 cities across the U.S. They have been able to stand out in a very crowded market by targeting restaurants in smaller cities. In addition, their service is centered around online ordering. By leaving the food delivery to the restaurants themselves, EatStreet is able to focus their attention on developing the best software solution for its users.
The latest investment round will allow EatStreet to scale their business even more, and it will also provide the capital needed to hire an additional 30 employees. You can read more about EatStreet’s latest investment round in this article on TechCrunch.
Build Madison is back! Come join us for at the 6th annual hackathon event coordinated by Capital Entrepreneurs and Sector67. The event, which will be hosted at Sector67, gives entrepreneurs an awesome opportunity to get going on that project you have been putting off for too long.
The 24 hour community create-a-thon will start Saturday, November 21st, at 11:00 am and will go through the night and into the early ours of Sunday morning. Come ready with a short pitch (<1 minute) if you have an idea you want to start working on. If you do not have a specific project in mind, then you can come collaborate with others and spend the next 24 hours helping to make an idea come to reality. At the end of the event, we will come together for short project presentations as well as feedback sessions. This event is FREE and is open to anyone who wants to tap into their entrepreneurial ambitions. We encourage participation from students, software developers, artists, hackers, business minded people, engineers, and anyone else who wants to get involved!
Please register at the Build Madison Website if you want to attend, and we hope to see you there!
Sector 67 is located at 2100 Winnebago St. Madison, WI 53704
StartingBlock Madison has just announced a crowdfunding campaign in order to help close a final funding gap. The exciting new entrepreneurial hub, which is set to break ground this winter, has already raised 85% of the necessary funds. They are now looking for community members to contribute and play a direct role in helping bring this project to reality. Starting at $25, you can purchase a “virtual block” and cement yourself as a contributing member to StartingBlock Madison!
This project will play a crucial role in building the long term infrastructure that will bring Madison’s entrepreneurial ecosystem to the next level and with your help, we can make it happen! You can buy a virtual block here. For more information, check out StartingBlock Madison in the news on Madison Magazine and The Cap Times.
The 2015 Forward Festival is a wrap! This year’s Festival was a huge success drawing 3,000 attendees over the course of 8 days and 34 events. After a few weeks to take it all in, we have compiled a summary of the two headline Capital Entrepreneurs events: the Startup Showcase and the Capital Entrepreneurs Open Social.
The third annual Startup Showcase took place on August 25th at Monona Terrace and featured nearly 30 emerging Madison startups. This year, the Startup Showcase joined forces with the Pressure Chamber for a full Pitch Night evening. Pressure Chamber is a Shark Tank style pitch series that rewarded one startup with a trip to San Francisco to meet with potential investors. After six companies took the stage and received difficult questioning from a panel of experienced entrepreneurs, bluDiagnostics walked away with the prize. BluDiagnostics, a company that recently won the Wisconsin Governonr’s Business Plan Competition, has developed a saliva-based fertility test for women.
Following the Pressure Chamber, the Startup Showcase featured a series of pitches from compelling Madison startups. Five new companies that have not previously presented at the Startup Showcase each gave a five minute demo-day style pitch about their company, and over 20 Startup Showcase alumni companies gave quick one-minute update pitches. Collectively, the 30 companies that took the stage at Pitch Night have created over 500 jobs and raised more than $150 million in funding. You can watch the recorded Pitch Night events (and other Forward Fest events) here.
Capital Entrepreneurs Open Social
The Capital Entrepreneurs Open Social was held on August 27th on the beautiful Boardman & Clark rooftop terrace and atrium on the Capitol Square. The event featured MobCraft’s signature Forward Festive-Ale as well as some other premiere local taps. Nearly 200 attendees socialized and enjoyed themselves as DJ Kayla Kush played an awesome live set!
The Open Social was a great way to cap off an action filled 2015 Forward Festival! Special thanks goes out to all Forward Festival event organizers as well as all participants. We hope you enjoyed the week and we hope to see you again next year!
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 equity for participating.
Gener8tor Co-Founder Troy Vosseller wanted to create a free course for entrepreneurs that are attending Wisconsin state schools, recent graduates, or current faculty. His goal was to give back to the community and help these startups move their ideas forward. Additionally, successful graduates of this program could serve as qualified candidates to continue on to Gener8tor’s longer accelerator program. The first graduating class of 5 companies will culminate their 6 week long summer program in Madison with an invite only pitch event on August 13th. You can read more about gBETA here.