HealthMyne announced that it has raised $4.5 million in a Series A round of investment. The round was led by Venture Investors and 4490 Ventures. Additional participation included HealthX Ventures and several prominent angel investors.
HealthMyne is an early stage healthcare informatics company focused on bringing evidence-based imaging analysis to the point of care, and was founded in 2013 by a seasoned group of passionate healthcare industry entrepreneurs who have enjoyed overlapping business success. The funds will be used to expand and accelerate HealthMyneâ€™s product development, regulatory, and commercialization efforts.
More information can be found here.
The hyperlocal online rental marketplace ABODO announced today it has closed $1.25 million in Series A financing, led by American Family Ventures. Also joining the round are 4490 Ventures and Lakewest Venture Partners, and this investment is the first for the new 4490 Ventures fund. ABODO is an apartment listing service that has already launched in 6 markets, with plans to expand to 25 nationwide in the coming year. ABODO is a graduate of the 2012 gener8tor accelerator class.
More info about ABODO and their raise can be found here.
Wisconsinâ€™s new $30 million venture capital fund, 4490 Ventures, has officially launched, with San Francisco Bay Area VC investor Greg Robinson to lead the fund. 4490 Ventures, which focuses on information technology startups, was announced nearly a year ago by the State of Wisconsin Investment Board (SWIB) and the Wisconsin Alumni Research Foundation (WARF). With Robinson on board, the fund is now officially able to begin making investments.
Robinson was previously one of two partners atÂ Peninsula Ventures, an early-stage VC firm in California. As the leader of the 4490 Venture fund, RobinsonÂ will, according to a press release, â€œidentify investment themes, source new investment opportunities, serve on boards of new investments he leads, and act as a mentor and advisor to young start-up companies”.
More on 4490 Ventures from Xconomy here and Madison Startups here.
The Wisconsin Alumni Research Foundation (WARF) and the State of Wisconsin Investment Board (SWIB) have partnered to form a new $30 million venture fund. The fund, called 4490 Ventures, will target early-stage IT startup companies in Wisconsin.
WARF has been a worldwide leader in technology transfer from the University, and has traditionally focused more on licensing related to biotech and medical device startups. In the past few years a growing IT/tech startup scene in and outside of Madison has emerged. These younger IT based startups do not need to leverage the same traditional technology licensing used in other industries because their businesses often do not rely on patentable technologies.
“WARF has recognized for some time that there is a significant opportunity in Madison and other regions of the state in information technology startup companies,” – Carl Gulbrandsen, WARF Managing Director
This fund will enable broader support and funding for Wisconsin based IT startups, and will target companies looking to raise $250,000 to $2 million in funding. More information is available here.