Repost: "2016 Recap: The Madison Startup Scene"
Published January 25, 2017
In 2016, Madison startups continued to be an engine of economic growth. They drove strong net job creation, raised a record amount of funding, and solidified as well as expanded their physical presence in the community.
Madison startups now employ 825 full-time and 300 part-time people*. In 2016 they created 150 new full-time and 135 part-time positions. Tech startups raised a record $114M* in funding in 2016, which is a 70% increase over the prior year’s funding total.
Two dozen companies raised rounds of $500k or more, with the largest later stage capital raises (>$4M) coming from Propeller Health, EatStreet, Ionic, Understory, Healthmyne, Catalyze.io, PerBlue, ABODO, Moxe Health, Forward Health Group, and Pegasus Sustainability Solutions ...