| In This Issue
|Application due for Nov. 4-5 ESS
Investors' Edge event today
'Shark Tank'-style event Oct. 15
WIN-MSN press coverage
'Wisconsin Portfolio' released
Managment liability insurance
Launch Wisconsin is Oct. 7
Deals, acquisitions and news
Become a WAN member
| Quick Quote
“One thing I’ve learned is that as soon as you make an investment, 80 percent of your investors think you’re an idiot. So you have to make sure you’ve raised all your money first.”
Ken Johnson, Badger Fund of Funds, at Sept. 22 WIN-Madison meeting
| Become a WAN Member
|Your $750 WAN membership also includes a membership to the Wisconsin Innovation Network (WIN). This "dual" membership is a $500 value included at no additional cost to you.
Your WIN membership entitles you to one free pass to both major conferences (Wisconsin Entrepreneurs' Conference and Early Stage Symposium), as well as regular WIN events in Madison, Milwaukee, Appleton, Central Wisconsin, Western Wisconsin and the Lake Superior regions.
For more information on WAN memberships, call 608-442-7557 or click here to join.
| WAN Leadership
Tim Keane (Chair)
Golden Angels Network
Wis. Economic Development Corp.
Shamrock / BrightStar Foundation
Wisconsin Technology Council
Wisconsin Investment Partners
Angels on the Water
Emeritus: Lorrie Keating Heinemann, co-founder
| 'WisBusiness: The Show'
|The latest episode features an interview with Rose Oswald Poels, president and CEO of the
Wisconsin Bankers Association, on the health of the banking industry in
Scott Vander Sanden, AT&T
Bram Daelemans, Wisconsin Angel Network
|Wisconsin Innovation Index
|Are you involved in Wisconsin's growing tech
scene? Do you want to get more notice among startups, investors and
others who work with innovators in the state? If so, the recently released Innovation Index map of tech assets in Wisconsin could be for you. The Wisconsin
Technology Council produced the statewide map in partnership with American Family Insurance.
If you would like to purchase a copy for your office, or to find out how your organization can be listed, contact WIN Director Maurice Cheeks at 608-442-7557.
|Wisconsin Tech Council
|The Wisconsin Angel Network is a program of the Wisconsin Technology Council.
Join the Tech Council's mailing list to stay up-to-date on news, events, programs and more!
Other quick links:
Wisconsin Innovation Network
Tech Council Newsroom
Inside Wisconsin by Tom Still
| Newsletter Sponsors
Tech Council names new director of Wisconsin Angel Network
Dear readers –
So nice to meet you! As the new Wisconsin Angel Network director, I look forward to working with you to fuel the growth of the early stage investment community in the state. You can read more about my background here. This edition of eVestor highlights some exciting opportunities coming up this fall, including the Wisconsin Early Stage Symposium, which will showcase pitches from more than 40 companies. Learn more about upcoming “Investors’ Edge” events below, as well as the recently released Wisconsin Portfolio. And please do not hesitate to reach out to me if there is anything that WAN can assist you with moving forward.
Bram Daelemans, director, Wisconsin Angel Network
|Companies can apply to present at Nov. 4-5 Wisconsin Early Stage Symposium
Early stage companies can apply to present in front of the most active investors in the Midwest at the annual Wisconsin Early Stage Symposium, to be held Nov. 4-5 at Madison’s Monona Terrace. Many past presenters have cited their participation at the conference as a key factor for getting funding and growing their business. Companies selected for the Wisconsin Angel Network track presentations will receive a complimentary individual Wisconsin Innovation Network membership for one year (a $100 value), as well as discounted conference registration, exhibit space and access to a mentoring session. Applications are due no later than 5 p.m. Monday, Sept. 28. Learn more and get started here.
|Wisconsin River Business Angels, WAN to host Sept. 24 'Investors' Edge'
Join the Wisconsin Angel Network and the Wisconsin River Business Angels at the Sept. 24 "Investors' Edge" event
at the Central Wisconsin Airport, Mosinee. Angel investors, regional
economic development organizations, sponsors and supporters are welcome
to attend. The event will include a presentation by Wisconsin Angel
Network Director Bram Daelemans and Wisconsin River Business Angels members Leon Ostrowski and Jeff Ebel. Click here to learn more.
|'Shark Tank'-style event Oct. 15 to feature pitches, WAN presentation
The Madison Club will host a “Shark Tank”-style event Oct. 15, with three startups selected to pitch. Listen in as investors ask tough questions to evaluate each
business opportunity, giving you insight on the
criteria used when considering a new venture. This will be a sanctioned investor event for those interested in investment opportunities. It is free to attend and open to the public, but please RSVP to 608-255-4861.
|Badger Fund of Funds progress featured at Sept. 22 WIN luncheon in Madison
Badger Fund of Funds, seeded with $25 million in state money, will
start writing checks to promising, early stage companies in late 2016
and within a few years will be investing in as many as 80 to 100
startups, the head of the new venture capital program told a Wisconsin
Innovation Network (WIN) luncheon gathering on Tuesday. Read the full press coverage of the event here.
|Wisconsin Angel Network membership opportunities
|The Wisconsin Angel Network (WAN)
is the Tech Council's link to an investor community that supports
Wisconsin entrepreneurs. A $750 annual WAN membership includes a dual
membership to the Wisconsin Innovation Network (WIN), the Tech Council's
membership subsidiary - a community-based economic development
organization dedicated to fostering innovation and entrepreneurship.
membership entitles you to one free pass to both major conferences
(Wisconsin Entrepreneurs' Conference and the Early Stage Symposium), as
well as regular events around the state, such as this month's Investors'
Edge programs in Central Wisconsin and Beloit, or early stage investing
workshops held in Madison, Appleton and Milwaukee. A membership also
makes you part of an association of angel investors, venture capital
groups and other private equity professionals from around Wisconsin and
the Midwest. Contact us to become a new member or renew your current membership!
|2015 'Wisconsin Portfolio' released to investors, Legislature
latest edition of “The Wisconsin Portfolio,” an annual publication of
the Tech Council’s Wisconsin Angel Network, shows a sharp increase in
angel and venture investment activity for the 2014 calendar year. At least 113 Wisconsin early stage companies raised investment capital in 2014, a 31 percent jump from the prior year, when the total was 86 companies. More than $346 million was raised by those 113 companies, nearly three times more than the 2013 total of about $128 million. Click here to read more.
|Midwest healthcare companies continue to attract investment at historic levels
report from Cleveland-based BioEnterprise, with the help of the
Wisconsin Angel Network, tracked additional types of funding (not just
venture capital) and identified 22 Wisconsin
companies that landed more than $73 million in funding during the first
half of 2015. Wisconsin beat out many other Midwest states in number of
deals and total investments. Click here for the full report.
|WAN partnership to broaden availability of management liability insurance
|Directors and officers are hired to make the tough decisions every day. That obligation exposes these members of management to more risks than ever before. The Wisconsin Angel Network has partnered with the Murphy Insurance Group, headquartered in Waunakee, to negotiate management liability insurance options with preferred insurance companies who understand the risks associated with early stage investing. Watch for further announcements soon.
|Green Bay to host first annual tech and innovation conference
Launch Wisconsin event, to be held Oct. 7 at the Lambeau Atrium, will bring together entrepreneurs, corporate innovators and investors from the region and the country to tackle our state's lagging new business environment. Presentations and panels will feature both local and national experts, who will provide valuable inside advice on what it takes to be successful in today's business environment. Live music, exciting digital technologies and local success stories will be showcased. Learn more here.
|Deals, acquisitions and news
High-ranking employees at Milwaukee-based Robert W. Baird and Co. plan to raise $50 million for a private equity fund, according to a Sept. 10 SEC filing. Seven executives, including CEO Paul Purcell, are named in the filing. The fund will be called Baird Principal Group Partners Fund I Limited Partnership. (Xconomy)
Superior, Wis.-based Fasetto, which makes both cloud storage software and solid state drives, has raised $5 million since 2014, says CEO Coy Christmas. The company plans to use the money to hire more software developers and put finishing touches on its wearable Link, which can hold up to a terabyte of data and will go on sale in March 2016. (Xconomy)
Tricast, a Milwaukee-area healthcare insurance consulting business that started selling analytics software last year, has raised nearly $3.3 million from investors to grow its software business, president and CEO Greg Rucinski says. The two funds that participated are Blue Heron Capital, of Wakefield, Mass., and Richmond, Va.-based Brook Venture Partners. (Xconomy)
The Water Council announced the Pilot Deployment Program, a two-year, $600,000 initiative to advance new clean water technologies. The Water Council is partnering with The Fund for Lake Michigan, backed by Milwaukee-based We Energies and the Milwaukee Metropolitan Sewerage District on the project. (Milwaukee Business Journal)
Biotech startup Invenra has raised $2 million in new equity financing, bringing their 2015 fundraising totals to over $4 million. The company, based in Madison, Wis., is one of a select few using cell-free protein expression to develop therapeutic monoclonal antibodies. (Xconomy)
FluGen Inc., a Madison biotechnology company that is developing flu vaccines, has raised $12 million in a funding round. Investors in the company's latest round of funding include Venture Investors LLC, the Wisconsin Alumni Research Foundation and the State of Wisconsin Investment Board. Existing investors, including Knox LLC, also participated. (Milwaukee Journal Sentinel)
Madison-based Shoutlet was acquired by Austin, Texas-based Spredfast, a fellow player in the social media management space, for an undisclosed sum. As of February, Shoutlet had raised about $31.2 million, a relatively large amount for a tech business in Wisconsin. (Xconomy)
Rent College Pads, a Milwaukee startup that helps college students find off-campus housing, raised $500,000, said founder and CEO Dominic Anzalone. The financing round marks the first outside investment in the website. Anzalone declined to name the seven investors who participated in the round. (Xconomy)
Integrated Vital Medical Dynamics is still developing its software product, but the Madison company reports getting its first outside funding of $342,000 from the Wisconsin Investment Partners angel, or individual, investor group. (Wisconsin State Journal)
Bright Cellars, a subscription wine service that started in Boston and now calls Milwaukee home, has raised about $1.8 million in a funding round that could reach $2 million, according to a regulatory filing. The latest financing round comes on top of $367,000 and $25,000 investments in Bright Cellars, according to SEC documents filed in January. (Xconomy)
|Investors' Edge - Wisconsin River Business Angels
Central Wisconsin Airport, Mosinee
Cleantech Network - 'Clean Power Act'
Wisconsin Energy Institute, Madison
Sheraton Hotel, Madison
2015 Wisconsin Early Stage Symposium
Monona Terrace, Madison