Capital Midwest Fund

Capital Midwest Fund is a venture capital firm based in Mequon, Wisconsin. It specializes in early-stage investments across various sectors including life sciences, information technology, advanced manufacturing, B2B, and healthcare, with a focus on companies located in the Midwest region of the United States.

Jacob DeZarn

Junior Partner

Dan Einhorn

General Partner

Stephen Einhorn

Advisor

Karen Hacker

Project Associate

Michael Harper

Partner

Alvin Vitangcol

General Partner

Past deals in Midwestern US

FactoryFix

Series A in 2022
FactoryFix, established in 2015 and headquartered in Chicago, Illinois, operates a platform that connects manufacturers with a vetted network of skilled workers. This includes engineers, machinists, maintenance technicians, and other specialized professionals. The company offers flexible hiring solutions, such as same-day service projects, part-time workers, and contract or temporary resources, as well as support for factory automation and engineering projects. By streamlining the hiring process and providing access to a large pool of qualified candidates, FactoryFix helps manufacturers fill their labor needs efficiently.

Hologram

Series B in 2021
Hologram, Inc. is a Chicago-based company specializing in cloud-based Internet connectivity solutions tailored for Internet of Things (IoT) device management and network connectivity. Founded in 2014 by Benjamin Forgan and Patrick Wilbur, Hologram offers a cellular platform that enables manufacturers, original equipment manufacturers (OEMs), and systems integrators to develop devices with cellular connectivity. The company provides a comprehensive suite of services, including Konekt cloud, which serves as a data broker and database solution for both cellular and non-cellular devices, facilitating the routing and storage of data generated by these devices. Additionally, Hologram offers M2M Short Messaging Service (SMS) for notifications and system integrations, enhancing the functionality of Internet-connected devices. With a focus on overcoming connectivity challenges, Hologram has supported the growth of various applications, including micromobility vehicles, self-driving cars, and remote medical deliveries, positioning itself as a key player in the expanding landscape of global device connectivity.

Textel

Series A in 2020
Textel CX Inc., established in 2014 and headquartered in Saint Louis, Missouri, specializes in developing a cloud-based texting platform for contact centers and businesses. Its primary product, Textel, enables these entities to engage with customers via text, enhancing customer experience and increasing engagement. Key features include landline texting, API integrations, and a text-to-find service, catering to industries such as car dealerships, insurance, healthcare, and retail. Textel serves nearly 800 customers across North America, facilitating inbound/outbound SMS and MMS texts, and integrating with leading systems of record.

AdAdapted

Series A in 2020
Founded in 2012 and headquartered in Ann Arbor, Michigan, AdAdapted provides a mobile advertising platform for consumer packaged goods (CPG) brands. Its platform enables CPG brands to directly target consumers within shopping apps at the moment of decision-making, revealing product preferences and shopping habits.

SkySpecs

Series C in 2019
SkySpecs develops unmanned aerial vehicles and integrated software solutions for the wind energy sector, focusing on operations and maintenance. Its offerings include analytics, blade inspection services, engineering projects, and collaborative tools that aggregate and digitize data from multiple sources. The Horizon reporting platform and a central data repository streamline communication with third parties and enable full‑scale repair campaigns. Founded in 2012, the company is headquartered in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands. SkySpecs aims to enhance productivity, efficiency, and returns for renewable energy assets by providing purpose‑built technologies that help customers make informed decisions.

Lumanu

Seed Round in 2019
Founded in 2016, Lumanu develops a digital platform connecting companies with brand ambassadors. It offers solutions like SocialCert for influencer content sharing, Content Manager for ingesting content, and SmartBoost for creating ads using influencer creatives. Serving brand marketers, performance marketers, agency marketers, and creators/influencers, Lumanu operates from Oakland, California with an additional office in Milwaukee, Wisconsin.

Blue Pillar

Series A in 2019
Founded in 2006, Blue Pillar develops software solutions for strengthening critical infrastructure against power outages. Its platform, Aurora, creates a digital energy IoT network for connecting, controlling, and data acquisition of facility mechanical and electrical equipment. Avise Insite provides real-time equipment diagrams for single-site management, while Avise Foresite supports centralized management across multi-facility organizations. Serving industries such as healthcare, government, and data centers, Blue Pillar's solutions offer power-related situational awareness, emergency management, operational efficiencies, and energy savings.

Realync

Seed Round in 2019
Realync Corp. is a technology company that offers a cloud-based video platform designed for the real estate industry. Founded in 2012 and headquartered in Carmel, Indiana, with an additional office in Chicago, the company facilitates live virtual property tours, allowing agents and consumers to connect in real-time. Realync's platform enables users to conduct interactive tours and open houses using smartphones or tablets, as well as to share high-definition pre-recorded videos for potential buyers and renters. By leveraging this technology, Realync enhances the property viewing experience, making it more accessible and engaging for clients and agents alike.

NuCurrent

Series C in 2019
NuCurrent is a Chicago-based developer and manufacturer of wireless power technologies, founded in 2009. It designs, fabricates, and integrates wireless power antennas, surface-mount inductors, and inductive coils for low- and high-frequency systems, and provides custom-designed prototypes. The company offers high-efficiency antennas and components suitable for a range of applications, and supports rapid prototyping and integration for OEMs and system integrators. Its wireless power solutions comply with major standards including A4WP, Qi, and PMA, enabling collaboration with automotive, consumer, industrial, IoT, mobile, and wearable device manufacturers. By focusing on optimized designs and manufacturing techniques, NuCurrent aims to deliver higher efficiency, smaller form factors, greater durability, and lower costs in wireless power deployment.

AIQ Solutions

Series A in 2019
AIQ Solutions is a medical device company based in Madison, Wisconsin, that develops quantitative imaging platforms for assessing cancer lesions. Founded in 2015 by researchers from the University of Wisconsin Carbone Cancer Center, the company builds software and hardware that automatically localizes every lesion on molecular imaging studies and calculates standardized uptake value metrics to measure disease burden and treatment response. Its flagship products include the Quantitative Total Bone Imaging (QTBI) device, which provides detailed insight into metastatic bone disease from prostate or breast cancer, and the Quantitative Total Marrow Imaging (QTMI) system, which evaluates marrow heterogeneity and response to therapy. The QTxI platform received FDA 510(k) clearance in 2018 and is licensed to the Wisconsin Alumni Research Foundation. AIQ Solutions serves oncologists, radiologists, nuclear medicine physicians, and pharmaceutical companies, aiming to improve patient outcomes and reduce healthcare costs.

enosiX

Series B in 2018
enosiX, Inc. is a technology company that specializes in real-time integration solutions connecting Salesforce with SAP systems. Founded in 2014 and based in Cincinnati, Ohio, enosiX develops a range of products that facilitate seamless data exchange and enhance business processes. Key offerings include Enosix Connect, which integrates SAP/ERP systems with cloud applications, and Enosix Engage, which enables direct access to SAP ERP data within Salesforce without the need for middleware. The company's platform empowers Salesforce users with essential information such as customer data, inventory, and order management, all in real-time. This integration allows organizations to improve productivity, increase sales effectiveness, and enhance customer engagement. Additionally, enosiX provides mobile solutions for various business functions, ensuring that critical SAP data is accessible to an increasingly mobile workforce. With a focus on reducing integration time from months to days, enosiX enhances operational efficiency and drives better business outcomes.

FactoryFix

Seed Round in 2018
FactoryFix, established in 2015 and headquartered in Chicago, Illinois, operates a platform that connects manufacturers with a vetted network of skilled workers. This includes engineers, machinists, maintenance technicians, and other specialized professionals. The company offers flexible hiring solutions, such as same-day service projects, part-time workers, and contract or temporary resources, as well as support for factory automation and engineering projects. By streamlining the hiring process and providing access to a large pool of qualified candidates, FactoryFix helps manufacturers fill their labor needs efficiently.

FactoryFix

Debt Financing in 2018
FactoryFix, established in 2015 and headquartered in Chicago, Illinois, operates a platform that connects manufacturers with a vetted network of skilled workers. This includes engineers, machinists, maintenance technicians, and other specialized professionals. The company offers flexible hiring solutions, such as same-day service projects, part-time workers, and contract or temporary resources, as well as support for factory automation and engineering projects. By streamlining the hiring process and providing access to a large pool of qualified candidates, FactoryFix helps manufacturers fill their labor needs efficiently.

PegEx

Series B in 2018
PegEx is a technology company specializing in environmental solutions. It offers cloud-based software for managing waste operations, serving waste generators, brokers, haulers, and disposal facilities. PegEx's platform improves profitability, efficiency, and compliance, enabling businesses to manage hazardous waste effectively.

SkySpecs

Series B in 2018
SkySpecs develops unmanned aerial vehicles and integrated software solutions for the wind energy sector, focusing on operations and maintenance. Its offerings include analytics, blade inspection services, engineering projects, and collaborative tools that aggregate and digitize data from multiple sources. The Horizon reporting platform and a central data repository streamline communication with third parties and enable full‑scale repair campaigns. Founded in 2012, the company is headquartered in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands. SkySpecs aims to enhance productivity, efficiency, and returns for renewable energy assets by providing purpose‑built technologies that help customers make informed decisions.

Hologram

Series A in 2017
Hologram, Inc. is a Chicago-based company specializing in cloud-based Internet connectivity solutions tailored for Internet of Things (IoT) device management and network connectivity. Founded in 2014 by Benjamin Forgan and Patrick Wilbur, Hologram offers a cellular platform that enables manufacturers, original equipment manufacturers (OEMs), and systems integrators to develop devices with cellular connectivity. The company provides a comprehensive suite of services, including Konekt cloud, which serves as a data broker and database solution for both cellular and non-cellular devices, facilitating the routing and storage of data generated by these devices. Additionally, Hologram offers M2M Short Messaging Service (SMS) for notifications and system integrations, enhancing the functionality of Internet-connected devices. With a focus on overcoming connectivity challenges, Hologram has supported the growth of various applications, including micromobility vehicles, self-driving cars, and remote medical deliveries, positioning itself as a key player in the expanding landscape of global device connectivity.

OnKöl

Venture Round in 2016
OnKöl is a company that specializes in developing monitoring devices aimed at connecting elderly individuals and those with special needs to their families and caregivers. Founded in 2015 and based in Milwaukee, Wisconsin, OnKöl offers an emergency response tool that alerts selected family members and caregivers about vital signs, incoming and outgoing calls, and emergency situations. The device is compatible with various home monitoring sensors, including motion detectors, door and window sensors, bed pressure monitors, and smoke and carbon monoxide detectors, through Bluetooth or USB connections. This technology enables users to maintain their independence while ensuring that they remain in contact with their support network, facilitating a safer living environment.

OnKöl

Venture Round in 2014
OnKöl is a company that specializes in developing monitoring devices aimed at connecting elderly individuals and those with special needs to their families and caregivers. Founded in 2015 and based in Milwaukee, Wisconsin, OnKöl offers an emergency response tool that alerts selected family members and caregivers about vital signs, incoming and outgoing calls, and emergency situations. The device is compatible with various home monitoring sensors, including motion detectors, door and window sensors, bed pressure monitors, and smoke and carbon monoxide detectors, through Bluetooth or USB connections. This technology enables users to maintain their independence while ensuring that they remain in contact with their support network, facilitating a safer living environment.

HarQen

Series B in 2011
HarQen, Inc. is a technology company based in Milwaukee, Wisconsin, founded in 2007, that specializes in Software as a Service solutions aimed at enhancing recruitment processes. The company offers a comprehensive digital interview platform that facilitates various interviewing methods, including on-demand video, phone interviews, and live video interviews. It also provides tools for automated pre-screening, SMS candidate engagement, mock interviews, and language verification, all while supporting mobile applications for interviewing. HarQen’s platform, known as Recruitment Acceleration Management Process, harnesses voice-to-web technology to capture and analyze conversations, thereby transforming voice interactions into actionable insights. Its services cater to diverse sectors, including staffing and placement, healthcare, banking, higher education, and retail, among others. Additionally, HarQen is a founding member of the Hypervoice Consortium, promoting innovative ways to organize and navigate voice conversations for improved collaboration and productivity.

HarQen

Series A in 2010
HarQen, Inc. is a technology company based in Milwaukee, Wisconsin, founded in 2007, that specializes in Software as a Service solutions aimed at enhancing recruitment processes. The company offers a comprehensive digital interview platform that facilitates various interviewing methods, including on-demand video, phone interviews, and live video interviews. It also provides tools for automated pre-screening, SMS candidate engagement, mock interviews, and language verification, all while supporting mobile applications for interviewing. HarQen’s platform, known as Recruitment Acceleration Management Process, harnesses voice-to-web technology to capture and analyze conversations, thereby transforming voice interactions into actionable insights. Its services cater to diverse sectors, including staffing and placement, healthcare, banking, higher education, and retail, among others. Additionally, HarQen is a founding member of the Hypervoice Consortium, promoting innovative ways to organize and navigate voice conversations for improved collaboration and productivity.

VitalMedix

Venture Round in 2009
VitalMedix Inc., established in 2005 and headquartered in Minneapolis, Minnesota, specializes in the research and development of biopharmaceuticals. The company's primary focus is on sustaining cellular function and protecting cells during and after hemorrhagic shock. Its flagship product, Tamiasyn, is a biopharmaceutical designed to enable the human body to withstand severe blood loss and inhibit organ damage during resuscitation. Additionally, VitalMedix develops a hemorrhagic shock treatment system.
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