By Kathleen Gallagher of the Journal Sentinel
An angel group that formed in March has invested $500,000 into MCT Inc., a Milwaukee start-up with a sophisticatedtechnology for cutting printed materials.
Wisconsin Super Angel Fund was impressed with the company’s technology expertise and the rapid growth of its market, said Tom Schuster, managing general partner for the fund. more>
A new angel fund – the first to focus on very young companies in southeastern Wisconsin – has launched with more than $5 million to invest.
Organizers of the Wisconsin Super Angel Fund raised money from more than 40 investors, including three foundations and an insurance company, said John Torinus Jr., a general partner and chairman of Serigraph Inc. in West Bend. Wisconsin Energy Foundation is among the investors, Torinus said. more>
NexVex Inc., a Milwaukee online roof replacement marketplace, said Thursday it has raised $100,000 from individual angels in an initial financing round.
NexVex would help homeowners, particularly in the aftermath of a storm, get multiple bids from roofing contractors in days, rather than the weeks it would normally take, said William Bazeley, co-founder and chief executive officer.
“We’re trying to make it both efficient and cost-effective for homeowners and contractors after an event occurs,” Bazeley said. The company is also solving a need in the property insurance industry to help customers find a contractor quickly after an event, he added. more>