Two Middleton companies to get venture capital funding
Excerpted from Wisconsin State Journal
By Dennis Punzel
Two Middleton companies have been selected by the Wisconsin Housing and Economic Development Authority to receive venture capital funding from the State Small Business Credit Initiative.
Xolve, which manufactures grapheme, the strongest and most conductive material, has secured $2 million in funding.
Hopster, a media platform that connects packaged goods brands with shoppers, will receive $1.5 million.
This round of financing was led by NEW Capital Fund, Wisconsin Investment Partners and the Wisconsin Economic Development Corp. NEW Capital Fund is one of three Wisconsin-based investment managers chosen by WHEDA to administer job creation funding.