2014 Recap: The Madison Startup Scene

Capital Entrepreneurs

Forward Technology Festival2014 was a year of impact for the Madison startup scene. Capital Entrepreneurs member companies saw another year of record growth – the largest to date. They created 175 full time jobs, and now employ 500 full time people.

Madison tech startups raised $44 million in funding in 2014. The first half of the year was led by a burst of follow-on funding deals, and the year closed with 10 companies raising rounds of $1M or more – including Propeller Health ($14.5m), EatStreet ($10.5M), PerBlue ($3M), Understory ($1.9M), Fishidy ($1.7M), StudyBlue ($1.7M), Aquamost ($1.3M), ABODO ($1.25M), Drifty Co ($1M), and Wellbe.

The larger funding rounds consisted of an increasing amount of capital coming from out of state – including VC firms in Chicago, as well as the East and West coasts. The $30M state backed 4490 Ventures Fund also launched, and Nordic’s Mark Bakken started his own healthcare IT focused VC fund. Read more …

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