Capital Midwest Fund

Capital Midwest Fund is a Wisconsin-based venture capital and private equity firm that focuses on early-stage investments in life sciences, information technology, advanced manufacturing, healthcare, consumer goods, and business services. The firm primarily targets opportunities within the Midwest region of the United States, with a particular emphasis on Wisconsin. Its investment strategy is designed to support innovative companies that demonstrate growth potential in these sectors.

Katy Almond

Associate

Eli Blee-Goldman

General Partner

Jacob DeZarn

Partner

Jacob DeZarn

Junior Partner

Daniel Einhorn

General Partner

Stephen Einhorn

General Partner

Michael Harper

Partner

Alvin Vitangcol

General Partner

Past deals in Wisconsin

FactoryFix

Series A in 2022
FactoryFix is a platform based in Chicago, Illinois, that connects manufacturing companies with a network of qualified skilled workers, including engineers, machinists, and maintenance technicians. Founded in 2015, FactoryFix offers a managed marketplace that streamlines the hiring process for full-time and part-time positions, as well as contract and temporary roles. The platform not only provides access to vetted labor resources but also includes tools for generating job listings, vetting candidates, and offering salary insights. By facilitating connections between manufacturers and skilled labor, FactoryFix enhances the efficiency of workforce management in the manufacturing sector.

RealityBLU

Venture Round in 2020
RealityBLU is a developer of a self-service design platform that empowers non-technical marketers to create and publish augmented reality (AR) experiences for AR-enabled devices. By offering an intuitive interface and streamlined workflow, RealityBLU removes the technical barriers typically associated with implementing and measuring AR content, enabling marketers to engage customers more effectively. The platform provides organizations with complete ownership and control over their AR assets, messaging, and strategies, allowing them to execute marketing campaigns without the need for coding skills. With over 420 users and a revenue growth of three times year-over-year, RealityBLU is establishing itself as a significant player in the B2B augmented reality space.

Lumanu

Seed Round in 2019
Lumanu, Inc. is a digital marketing platform that connects companies with brand ambassadors, focusing on the creator economy. Founded in 2016 and headquartered in Oakland, California, with an additional office in Milwaukee, Wisconsin, Lumanu offers several solutions to facilitate collaboration between brands and creators. Its SocialCert solution enables influencers to share content and usage rights with marketers, while Content Manager allows for easy ingestion of influencer content. SmartBoost generates advertisements using influencer-created content, enhancing marketing effectiveness. Lumanu streamlines business transactions and payments for creators, ensuring they earn more and receive payments promptly. For businesses, the platform reduces friction in accessing exclusive creator intellectual property and first-party data, ultimately improving return on investment.

AIQ Solutions

Series A in 2019
AIQ Solutions, Inc. designs and develops medical devices and software solutions for quantitative assessment of individual lesions associated with complex diseases. The company develops a clinical decision support (CDS) platform that analyzes medical imaging data to identify all of a cancer patient’s lesions and quantify how they have changed after treatment. It provides quantitative total bone imaging (QTBI), a device that provides insights into metastatic bone disease from prostate or breast cancer. In addition, it offers quantitative total marrow imaging (QTMI), a device that measure heterogeneity and treatment response of disease in marrow. The company caters to oncologists, radiologists, nuclear med physicians, and pharmaceutical companies. AIQ Solutions, Inc. was founded in 2015 and is based in Madison, Wisconsin.

FactoryFix

Debt Financing in 2018
FactoryFix is a platform based in Chicago, Illinois, that connects manufacturing companies with a network of qualified skilled workers, including engineers, machinists, and maintenance technicians. Founded in 2015, FactoryFix offers a managed marketplace that streamlines the hiring process for full-time and part-time positions, as well as contract and temporary roles. The platform not only provides access to vetted labor resources but also includes tools for generating job listings, vetting candidates, and offering salary insights. By facilitating connections between manufacturers and skilled labor, FactoryFix enhances the efficiency of workforce management in the manufacturing sector.

PegEx

Series B in 2018
PegEx, Inc. provides comprehensive environmental services tailored for small and medium-sized businesses across the United States. The company specializes in various sustainability solutions, addressing the environmental and energy challenges faced by industries such as retail, food service, hospitality, and government entities. PegEx offers a wide range of services, including waste disposal and recycling, used oil collection, and specialized waste management for pharmaceuticals, dental operations, and hazardous materials. The company also conducts mold and soil remediation and provides documentation and certification services. Utilizing its advanced, cloud-based PegEx Platform, PegEx enhances productivity, mitigates risks, and streamlines operations for waste management companies. Founded in 2012 and headquartered in Fitchburg, Wisconsin, PegEx is dedicated to managing hazardous waste data and processes efficiently.

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 designated family members and caregivers about vital signs, incoming and outgoing calls, and emergency situations. The device is designed to integrate with various home monitoring sensors, including motion detectors, door and window sensors, and smoke and carbon monoxide detectors, using Bluetooth or USB connections. This technology not only monitors health information but also facilitates communication through reminders and messages, allowing users to maintain independence while ensuring their safety and well-being.

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 designated family members and caregivers about vital signs, incoming and outgoing calls, and emergency situations. The device is designed to integrate with various home monitoring sensors, including motion detectors, door and window sensors, and smoke and carbon monoxide detectors, using Bluetooth or USB connections. This technology not only monitors health information but also facilitates communication through reminders and messages, allowing users to maintain independence while ensuring their safety and well-being.

HarQen

Series B in 2011
HarQen, Inc. offers Software as a Service tools designed to enhance and streamline recruitment processes. Founded in 2007 and based in Milwaukee, Wisconsin, the company provides a digital interview platform that includes features such as on-demand video and phone interviews, live video interviews, automated pre-screening, SMS candidate engagement, and language verification. Additionally, HarQen supports candidate profile creation and offers mobile applications for interviewing. Its solutions cater to various sectors, including staffing and placement, recruitment process outsourcing, healthcare, banking, insurance, education, and small businesses. Beyond recruitment, HarQen specializes in Intelligent Voice Services that capture and enrich conversations, facilitating improved collaboration and productivity. The company is also a founding member of the Hypervoice Consortium, which focuses on organizing and navigating voice conversations for enterprise social collaboration.

HarQen

Series A in 2010
HarQen, Inc. offers Software as a Service tools designed to enhance and streamline recruitment processes. Founded in 2007 and based in Milwaukee, Wisconsin, the company provides a digital interview platform that includes features such as on-demand video and phone interviews, live video interviews, automated pre-screening, SMS candidate engagement, and language verification. Additionally, HarQen supports candidate profile creation and offers mobile applications for interviewing. Its solutions cater to various sectors, including staffing and placement, recruitment process outsourcing, healthcare, banking, insurance, education, and small businesses. Beyond recruitment, HarQen specializes in Intelligent Voice Services that capture and enrich conversations, facilitating improved collaboration and productivity. The company is also a founding member of the Hypervoice Consortium, which focuses on organizing and navigating voice conversations for enterprise social collaboration.