To bring us into 2017, we’ll first be looking back at 2016. A lot of great things happened within the Capital Entrepreneurs community and the Madison Startup Scene and we’d like to share them. As in prior years, we’ll be kicking off with a series of posts from Capital Entrepreneurs companies summarizing their year in review, and we’ll cap it off with a full 2016 Madison Startup Scene Recap post. Stay tuned!
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!
Build Madison is back! Come join us for at the 7th 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 19, 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!
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 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.
The 2016 Forward Festival kicks off today and runs August 18-25! There are 40+ events on the schedule, and be sure to join us for our annual Capital Entrepreneurs Rooftop Open Social on August 25! This event doubles as the Wrap Party for the 2016 Forward Festival.
- What: CE Rooftop Open Social
- When: Thursday, August 25 from 5:30-7:30pm
- Where: Boardman & Clark (US Bank Building, 4th Floor)
Wrap up the 2016 Forward Festival with a rooftop celebration on the Capitol Square. We’ll have plenty of beverages (including the 2016 Forward Festive-Ale, Restoration Cider, and other local brewers) as well as snacks from Lucille. The event is free to attend.
Please RSVP here if you’re planning to attend.
The fourth annual Forward Festival Startup Showcase is almost here! The Startup Showcase features an evening of startup pitches from 5 of Madison’s most compelling emerging companies, as well as update pitches from 20 companies that presented in prior years. The Startup Showcase is a high energy stage that celebrates and showcases what’s next (and what is going on now) in Madison’s startup ecosystem.
The Startup Showcase will kick off at 4 pm on Tuesday, August 23rd at the Monona Terrace, and is part of Pitch Night. Pitch Night includes the Startup Showcase (4pm), neXXpo (5pm), and Pressure Chamber (7pm) plus complimentary appetizers and beverages!
Our line up of new presenters for the 2016 Startup Showcase:
- The Rabble – The Rabble started with a simple idea: libraries deserve software that reflects their values. MUSICat is a fully open sourced platform designed by The Rabble with libraries to empower them to share local music and support creative communities.
- Export Abroad – Export Abroad is a global intelligence software and emerging markets advisory company. The core mission is to break down the barriers of international expansion and provide companies with the tools to be successful in any market.
- EnsoData – EnsoData is creating machine intelligent software to unlock the vast wealth of clinical expertise lying dormant in archived data. Their first product automates sleep data analysis for sleep clinics.
- Understory – Understory detects rain, hail, wind and other weather events directly at the earth’s surface, where the risk to life and property is greatest. The ground-truth-based detection is a marked enhancement in both resolution and fidelity, providing real time datasets and graphical views of the movement and intensity of weather events, which leads to better insight and early detection of risks.
- The BikeMobile – The BikeMobile is a fully stocked mobile bicycle repair van that provides on-site service to individuals at home, or in a group setting, in Madison, WI.
The Forward Festival Startup Showcase is presented by Capital Entrepreneurs and Accelerate Madison.
The seventh annual Forward Festival returns August 18-25, 2016. The Forward Festival is Madison’s flagship technology and entrepreneurship festival. Since starting in 2010, it now attracts over 3,000 attendees and includes 8 full days packed with 40+ events organized by entrepreneurs, for entrepreneurs. Check out the full Festival event lineup of conferences, summits, happy hours, and more here.
The Festival has continued to grow – in particular, we would like to invite you to attend the headline tech conference and Capital Entrepreneurs hosted events:
Forward Technology Conference (August 23) – The headline tech conference of the Festival. Whether you’re thinking about launching a startup business or you’re an experienced entrepreneur, you’ll find this conference relevant and insightful (childcare available).
Pitch Night Featuring the Startup Showcase and Pressure Chamber (August 23) – An energetic evening featuring a reception, the Pressure Chamber pitch competition, and the Startup Showcase with pitches from some of Madison’s most compelling emerging companies showcasing what’s next in Madison’s startup ecosystem.
Capital Entrepreneurs Open Social (August 25) – Wrap up the 2016 Forward Festival with a rooftop celebration on the Capitol Square. Come mingle with Madison’s up-and-coming innovators working on a wide variety of interesting startups at the annual Capital Entrepreneurs Open Social.
There are a bunch of other great events encompassing tech, food, music, art (new!), and more packed into the Festival, check them out! Whether you’re already plugged into the Midwest tech scene, or you’ve been waiting for the right opportunity to sample what the area has to offer, the Forward Festival is about bringing the technology and startup communities together to learn, share, and have some fun.
Be sure to register now for the events. If you’re planning to attend multiple events, get a Forward Pass!
The 4th annual Forward Festival Startup Showcase returns this year and will again be bigger and better than ever! Startup Showcase joins the Pressure Chamber for a Pitch Night evening that will take place following the Forward Technology Conference on August 23, 2016. It is expected to bring hundreds of entrepreneurs, business, civic and education leaders together in celebration of all of the innovation happening in greater Madison.
Apply to pitch in the 2016 Startup Showcase or Pressure Chamber by July 8 here.
About Startup Showcase: The Forward Festival Startup Showcase features an evening of startup pitches from some of Madison’s most compelling emerging companies. Approximately five startups will be selected to give a 5- minute “demo day” style pitch. In addition, several Startup Showcase alumni from past years will take part in a lightning round of 1-minute update pitches. The Startup Showcase is a high energy stage that celebrates and showcases what’s next in Madison’s startup ecosystem and is open to early and later stage companies, venture and non-venture backed companies, as well as for-profit and non-profit companies. Checkout highlights from last year’s event here.
About Pressure Chamber: Whether your company is currently raising or planning to raise investment capital in the future, Pressure Chamber is a valuable platform to tell your story and make new connections across the country. A select number of companies will be chosen to pitch in front of a panel of investors, business executives and a live audience at the Pressure Chamber event. In addition to receiving the coveted golden suitcase and other prizes, the winning company receives an all-expenses paid spot on the Chamber’s exclusive Madison-area startup delegation to Palo Alto in October for meetings with top Silicon Valley investment firms.
The Startup Showcase is presented by Capital Entrepreneurs and Accelerate Madison, and the Pressure Chamber is presented by the Greater Madison Chamber of Commerce and Michael Best & Friedrich. Pitch Night is part of the 2016 Forward Festival, which runs August 18-25, 2016.
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.
Startup Weekend returns to Madison April 22-24, 2016 for the fifth annual Startup Weekend Madison event!
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.
More info and to register: REGISTER NOW
Startup Weekend is a true risk-free environment and a great opportunity for both new and seasoned entrepreneurs to gain valuable entrepreneurial experiences and put their unique skill sets to use, meet great people, and have fun. People of all different backgrounds and with all different skills are encouraged to participate.
Organizing partners for the event include Capital Entrepreneurs, Sector67, The Doyenne Group, UW-Madison, Edgewood College, and Madworks Coworking. The event is hosted by University Research Park.
Join us for Madison’s 4th Annual Spring Tech Kickoff on Wednesday, April 6 from 5-7pm!
Please register here if you’re planning to attend. It’s free.
Technology business, entrepreneurship, and startups in Madison have another great year ahead. To celebrate that and get in high gear for an eventful summer – Capital Entrepreneurs, Forward Festival, and Horizon Coworking invite our community and its supporters to the 4th Annual Spring Tech Kickoff!
This year’s gathering is in the brand new Galaxie building on East Washington Ave.
Once again a lot has happened since last year’s spring event, and with new energy, new employers, and new support and funding resources for entrepreneurs we foresee even more coming this year.
Come celebrate achievements and we’ll share a little about what’s new in an open informal event. Anyone is welcome, this is a place where folks who want to connect and participate can easily plug in and help move our community forward.
A variety of beverages and delicious snacks will be on hand.
Presented by: Capital Entrepreneurs, Forward Festival, and Horizon Coworking.
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.