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.
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.
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.
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.
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 businesses are sending a clear signal that they value entrepreneurship and view it as a vital piece of the success for our region in their support of StartingBlock. A key element in growing entrepreneurship is spaces that are conducive to the economic gardening necessary to grow an economy.”
– Zach Brandon, President, Greater Madison Area Chamber of Commerce
StartingBlock will provide emerging companies with workspace and resources that will give entrepreneurs the best chance of success and spur innovation.The many resources that will be offered at StartingBlock include coworking space, educational programming, and startup accelerators like gener8tor. In addition, Sector67 and Capital Entrepreneurs will both have new homes on the 50,000 square foot entrepreneurial hub.
Scott Resnick, COO of Hardin Design & Development and former Madison city alder, was part of the original planning group for StartingBlock and has been a passionate advocate for the concept. Resnick will serve as executive director supporting the StartingBlock board of directors during this formative period of fundraising, organizational and operations development.
StartingBlock plans to be part of a new building in the Capitol East district of downtown Madison. Construction is planned to begin in 2015 with occupants moving in at the end of 2016. For more information on StartingBlock, go here. If you are interested in contributing to the StartingBlock fundraising campaign, contact Scott.