In 2018 Q2, four Milwaukee-area Technology Startups raised a total of $782,999. Congratulations to Swirl Insurance Services, LLC, Scanalytics, Inc., Inventalator, and GenoPalate, Inc.

Also in 2018 Q2, four Madison-area Technology Startups raised a total of $26,861,760! Congratulations to Reciprocal Labs Corp (Propeller Health), SmartUQ LLC, Healthfinch, Inc., and Integrated Vital Medical Dynamics, LLC.

Together, Milwaukee-area and Madison-area Technology Startups raised a total of $27,644,759!

As always, the following caveats apply to the above graph and findings:

1. All information is from FormDs.Com.
2. To be included as a Madison-area or Milwaukee-Area Technology Startup Funding event on this report, the business must be located in the Madison-area or Milwaukee-area as defined by FormDs.Com; the business must be in the Technology Industry Group (which includes Computers, Telecommunications, and Other Technology); and the business must not be publicly traded.
3. I’m not a startup funding professional or an accountant. If there’s something wrong with this report, be nice, tell me directly or LEAVE A COMMENT, and I’ll do my best to correct it.

In 2018 Q1, two Milwaukee-area Technology Startups raised a total of $3,253,734. Congratulations to basic-code and GenoPalate, both of Brookfield, WI.

Also in 2018 Q1, three Madison-area Technology Startups raised a total of $1,425,007. Congratulations to VIP Crowd, GymDandy, and EnsoData.

Together, Milwaukee-area and Madison-area Technology Startups raised a total of $4,678,741!

As always, the following caveats apply to the above graph and findings:

1. All information is from FormDs.Com.
2. To be included as a Madison-area or Milwaukee-Area Technology Startup Funding event on this report, the business must be located in the Madison-area or Milwaukee-area as defined by FormDs.Com; the business must be in the Technology Industry Group (which includes Computers, Telecommunications, and Other Technology); and the business must not be publicly traded.
3. I’m not a startup funding professional or an accountant. If there’s something wrong with this report, be nice, tell me directly or LEAVE A COMMENT, and I’ll do my best to correct it.

In 2017 Q4, two Milwaukee Technology Startups received $5,497,001 in funding, by far the best quarter since I started tracking in 2016 Q1. In fact, Milwaukee beat out Madison in Technology funding for a quarter for the first time to my knowledge. I don’t say this to emphasize a separation between Milwaukee and Madison, but it is a notable event. In fact, Milwaukee and Madison are really in this together, and raised a combined $7,260,608 in 2017 Q4!

Quarterly investments in technology startups in Milwaukee and Madison over the seven-quarter period including 2016 Q1 through 2017 Q4.

Tracked Funding – Milwaukee, WI:

Tracked Funding – Madison, WI:

NOTE: As always, the following caveats apply to the above graph and findings:

1. All information is from FormDs.Com.
2. To be included as a Madison-area or Milwaukee-Area Technology Startup Funding event on this report, the business must be located in the Madison-area or Milwaukee-area as defined by FormDs.Com; the business must be in the Technology Industry Group (which includes Computers, Telecommunications, and Other Technology); and the business must not be publicly traded.
3. I’m not a startup funding professional or an accountant. If there’s something wrong with this report, be nice, tell me directly or LEAVE A COMMENT, and I’ll do my best to correct it.

In 2017 Q3, no Milwaukee Technology Startups received funding, which makes for a pretty boring chart! So, instead, I decided to compare Milwaukee to Madison:

Quarterly investments in technology startups in Milwaukee and Madison over the seven-quarter period including 2016 Q1 through 2017 Q3.

It appears technology startups in Madison, WI, have received considerably more funding compared to technology startups in Milwaukee, WI. My calculations show an average of nearly 11 times as much money was invested in technology startups in Madison compared to Milwaukee over the past seven quarters!

NOTE: The following caveats apply to the above graph and findings:

1. All information is from FormDs.Com.
2. To be included as a Milwaukee-Area Technology Startup Funding event on this report, the business must be located in the Milwaukee-area as defined by FormDs.Com; the business must be in the Technology Industry Group (which includes Computers, Telecommunications, and Other Technology); and the business must not be publicly traded.
3. To be included as a Madison-Area Technology Startup Funding event on this report, the business must be located in the Madison-area as defined by FormDs.Com; the business must be in the Technology Industry Group (which includes Computers, Telecommunications, and Other Technology); and the business must not be publicly traded.
4. I’m not a startup funding professional or an accountant. If there’s something wrong with this report, be nice, tell me, and I’ll try to correct it.

The second quarter of 2017 (April 1 thru June 30) is over. Let’s check the status on the funding of Milwaukee technology startups ,,,

From what I can see, only one Milwaukee-area technology startup received any funding:

• Intelligent Digital Avatars (Mequon, Wisconsin) filed on May 11, 2017, that they received $309,990 in new funding.

That means the chart for Milwaukee-area technology startup funding for the past six quarters now looks as follows:

This does not appear to be a good trend for Milwaukee-area technology startups.

The same caveats apply to this report as last quarter:

1. All information is from FormDs.Com.
2. To be listed as a Milwaukee-Area Technology Startup Funding event on this report, the business must be located in the Milwaukee-area as defined by FormDs.Com; the business must be in the Technology Industry Group (which includes Computers, Telecommunications, and Other Technology); and the business must not be publicly traded.
3. I’m not a startup funding professional or an accountant. If there’s something wrong with this report, be nice, tell me, and I’ll try to correct it.

###

I’ve compiled a report of Milwaukee-Area Technology Startup Funding Events using data from FormDs.Com for the period starting January 1, 2016 through March 31, 2017 (five quarters).

This report shows there were four technology startup funding events in Milwaukee in 2017 Q1. These four events totaled about $1.4 million.

Download the following PDF report for more details:

2016 Q1 thru 2017 Q1 Milwaukee-Area Technology Startup Funding Report (PDF, 204K)

Disclaimer: I’m not a startup funding professional or an accountant. If there’s something wrong with this report, be nice, tell me, and I’ll try to correct it. My email address is in the report.

Are you an emerging company looking to connect with a major Wisconsin company? Consider applying to participate in the 2015 Wisconsin Tech Summit, which will be held March 23 at the GE Healthcare Institute facility in Waukesha, Wisconsin. Note: The application deadline for emerging companies is February 16.

The other night I attended the Ruby MKE Meetup. The topic was the 7 Degrees of FizzBuzz by Bill Gathen. Unfortunately, we weren’t able to get to the final “degree” before the end of the meeting. So, for those who are interested, here is my solution:

[ruby]
require ‘sinatra’

get ‘/’ do
erb :index
end

__END__
@@ index

<% (1..99).each do |x| %>
<%= ("fizzbuzz" if x % 15 == 0) || ("fizz" if x % 3 == 0) || ("buzz" if x % 5 == 0) || x %>

<% end %>

[/ruby]