Funded Startups in Wisconsin
Across the 50 most recent funded Wisconsin entries shown (sorted by round date descending), the largest disclosed round is Elephas at $40M on 2025-11-06.
Across the 50 most recent funded Wisconsin entries shown (sorted by round date descending), the largest disclosed round is Elephas at $40M on 2025-11-06. That figure dwarfs the next-largest disclosed amounts, including Neostella’s $11M (2025-06-05) and EnsoData’s $20M (2025-06-25), and it sits well above the $36M–$43M band where a few other rounds cluster (e.g., Realta Fusion $36M on 2025-05-13; Doral $43M on 2025-05-22; Asto CT $36M on 2024-10-04).
The list also shows a temporal and city concentration: the newest entries run from 2025-11-06 down to 2025-05-22, and “Madison, Wisconsin” is repeatedly used as a base city for AI, biotech, and health care (e.g., Elephas in Madison on 2025-11-06; Immuto Scientific on 2025-09-19; EnsoData and RoofMarketplace in July–June 2025). Sector-wise, Biotechnology appears in 3+ entries (e.g., Immuto Scientific $8M on 2025-09-19; GenoPalate $3M on 2024-12-10; Intuitive Biosciences $80K on 2024-06-10). Finally, stage/disclosure is mixed: 4 rows list “undisclosed” amounts (EVEN on 2025-10-16; Intelligible on 2025-07-25; SHINE Technologies on 2025-02-12; Healthfuse on 2025-01-16) and another 7 list “Series Unknown” classifications (including EVEn, Wisconsin Brewing Co, and Neutral).
Most recent rounds
50 shownRelated listings
Frequently asked
What stands out about deal sizes in the most recent Wisconsin rounds, and is there a clear top end?
Elephas’ disclosed $40M (2025-11-06) is the highest amount in the table and is materially larger than most other disclosed rounds, with only a small number of deals approaching it from the $36M–$43M range (e.g., Doral $43M on 2025-05-22; Realta Fusion $36M on 2025-05-13; Asto CT $36M on 2024-10-04).
Do the rounds cluster tightly in time, or are they spread more evenly across the period shown?
Within the 50-row window, the most recent rounds concentrate heavily between late May 2025 and late November 2025 (e.g., multiple entries in June 2025 such as EnsoData $20M on 2025-06-25 and Rivermark Medical $3M on 2025-06-04). The earliest dated entry shown is Octane Coffee on 2024-05-23, making the full span roughly a year and a half.
Which cities appear most often, and what does that imply about local concentration?
Madison is a recurring base city across multiple sectors, including AI (Elephas $40M on 2025-11-06; EnsoData $20M on 2025-06-25), biotech (Immuto Scientific $8M on 2025-09-19), and finance/enterprise (RoofMarketplace $7M on 2025-07-08). Milwaukee also repeats across health care and data/analytics contexts (e.g., Neostella $11M on 2025-06-05; 7Rivers $6M on 2024-06-14).
Is any sector over-represented compared with the rest of the table?
Biotechnology shows up in at least 3 distinct entries (Immuto Scientific $8M on 2025-09-19; GenoPalate $3M on 2024-12-10; Intuitive Biosciences $80K on 2024-06-10), while AI and health care are also frequent recurring categories (e.g., AI includes Elephas $40M on 2025-11-06, EnsoData $20M on 2025-06-25, and Golgix $1M on 2024-12-03).
How often is the amount or stage disclosed, and are there notable gaps?
Four rows carry “undisclosed” amounts (EVEN on 2025-10-16; Intelligible on 2025-07-25; SHINE Technologies on 2025-02-12; Healthfuse on 2025-01-16), and “Series Unknown” appears multiple times across sectors (including EVEN, Wisconsin Brewing Co on 2025-09-23, and Neutral on 2025-01-06). That combination makes it harder to compare deal size across those entries to disclosed rounds like Elephas’ $40M.
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