Capital Midwest Fund

Capital Midwest Fund is a Wisconsin-based private equity firm that specialises in early-stage investments in manufacturing, life sciences, consumer goods, healthcare, business services and technology companies across the Central United States.
KA

Katy Almond

Associate

Eli Blee-Goldman

General Partner

JD

Jacob DeZarn

Junior Partner

Stephen Einhorn

General Partner

Daniel Einhorn

General Partner

Michael S. Harper

Partner

Alvin Vitangcol

General Partner

Past deals in Textiles

PegEx, Inc.

Venture Round in 2016
PegEx offers integrated services, software platforms, and products to manage all aspects of environmental services. It develops advanced, cloud-based software, the PegEx Platform, that improves productivity, mitigates risks, and optimizes revenue for waste management companies. It was founded in 2012 and is based in Fitchburg, Wisconsin.

PegEx, Inc.

Venture Round in 2017
PegEx offers integrated services, software platforms, and products to manage all aspects of environmental services. It develops advanced, cloud-based software, the PegEx Platform, that improves productivity, mitigates risks, and optimizes revenue for waste management companies. It was founded in 2012 and is based in Fitchburg, Wisconsin.

LightGuide

Series B in 2021
LightGuide Inc., uses proprietary software and high-powered projector systems to guide and confirm the completion of complex tasks. From assembly to quality control to training, LightGuide Inc. technology provides the visualization, traceability, and flexibility demanded by leading companies worldwide. Key industries include aerospace, agriculture, automotive, energy, heavy equipment, and medical.

AdAdapted, Inc.

Series A in 2020
AdAdapted, Inc. provides a mobile advertising platform for consumer packaged goods (CPG) brands. It offers AdAdapted that enables CPG brands to directly target their primary consumers in the apps they use to plan and shop by placing CPG brands in front of consumers with native, non-disruptive ads at the exact moment of decision-making, targeting consumers and getting products on digital shopping lists. The company’s AdAdapted platform tracks what consumers add to their list revealing category and product preferences, shopping tendencies, planning habits, and more. It serves CPG and agencies, and retailers. The company was founded in 2012 and is based in Ann Arbor, Michigan.

RealityBLU

Venture Round in 2020
RealityBLU’s self-service design platform enables non-technical marketers to create and publish augmented reality (AR) experiences for AR-enabled smartphones and devices. RealityBLU eliminates the technical barrier to implement and measure AR content experiences by providing marketers with an intuitive interface and workflow, allowing them to attract and delight more customers for brands and clients. RealityBLU has acquired 420+ users and grown revenue 3X YoY

Sierra Oncology

Series C in 2014
Sierra Oncology, Inc. researches, develops, and commercializes therapies for the treatment of patients with hematology and oncology needs. Its lead drug candidate, momelotinib, is a selective and orally-bioavailable JAK1, JAK2, and ACVR1 inhibitor that has been investigated in two completed Phase 3 trials for the treatment of myelofibrosis. The company is also advancing SRA737, an orally bioavailable small molecule inhibitor Checkpoint kinase 1 is being investigated in two Phase 1/2 clinical trials; and SRA141, an orally bioavailable small molecule inhibitor of cell division cycle 7 kinase. The company was formerly known as ProNAi Therapeutics, Inc. and changed its name to Sierra Oncology, Inc. in January 2017. Sierra Oncology, Inc. was founded in 2003 and is headquartered in Vancouver, Canada.

LightGuide

Series B in 2021
LightGuide Inc., uses proprietary software and high-powered projector systems to guide and confirm the completion of complex tasks. From assembly to quality control to training, LightGuide Inc. technology provides the visualization, traceability, and flexibility demanded by leading companies worldwide. Key industries include aerospace, agriculture, automotive, energy, heavy equipment, and medical.

Intellihot Inc.

Venture Round in 2021
Intellihot Green Technologies Inc. designs, manufactures, and assembles tankless water heater systems for residential and commercial applications in the United States. The company offers water heater systems in various models for installation in hospitality, multi-family, stadiums, restaurants, healthcare, education, retail, and manufacturing industries. It serves customers through a network of sales representatives, dealers, and wholesalers. The company was founded in 2005 and is based in Galesburg, Illinois.

Valid8 Financial

Funding Round in 2021
Valid8 Automating verified financial intelligence for accounting professionals and decision makers. Oxford University ranks Accounting in the top 4% of professions most likely impacted by automation, A.I., and data science. The $100 Billion (Annual US) Accounting Services industry use processes and procedures grounded by independently sourced, 3rd party verified evidence. The evidence collection process is mostly manual and based on sampling and is the primary reason the industry has lagged adopting data science and modern analytics. VALID8 provides a solution.

Realync

Seed Round in 2019
Realync Corp. provides a cloud-based video platform that connects agents and consumers to tour live virtual real estate properties. Its technology enables live videos, interactive virtual tours, and open houses, as well as pre-recorded videos for buyers and renters. The company was founded in 2012 and is based in Carmel, Indiana with an additional office in Chicago, Illinois.

FactoryFix Inc.

Series A in 2022
FactoryFix LLC owns and operates a platform that connects manufacturers to qualified experts. The company provides labor resources for same-day service projects, part-time skilled workers, contract and temporary resources, and factory automation and engineering projects. It supplies labor resources, such as vetted machinists, maintenance technicians, engineers, and electricians. The company was founded in 2015 and is based in Chicago, Illinois.

Hologram

Series B in 2021
Hologram is a connectivity enablement toolkit that empowers makers, engineers, and creators of all types to connect their devices with wireless data as well as manage billings as they grow. Hologram provides a flexible platform with no minimums, instant connectivity, and robust scalability to help its users grow their businesses and projects from 1 to 1000 devices. Its goal is to simplify the process of building connected hardware that works everywhere. Hologram was founded in 2013 and is based in Chicago, Illinois.

Lumanu

Seed Round in 2019
Lumanu, Inc. develops a digital marketing platform that connects companies with brand ambassadors. It offers SocialCert, a solution that allows influencers to share content, audiences, and usage rights with marketers; Content Manager, a solution for ingesting content from the influencers; and SmartBoost, a solution that creates ads using influencer creatives. The company serves brand marketers, performance marketers, agency marketers, and creators and influencers. Lumanu, Inc. was founded in 2016 and is based in Oakland, California with an additional office in Milwaukee, Wisconsin.

Textel CX Inc.

Series A in 2020
Textel provides a cloud-based texting platform for contact centers and businesses specifically designed to dramatically improve the customer experience, increase customer engagement, and improve contact center performance and efficiency. With nearly 800 customers across North America, Textel enables inbound/outbound SMS and MMS texts for organizations who need to connect with customers faster and more efficiently than traditional channels (email, voice, chat). Best of all, Textel users can enable their pre-existing numbers and integrate with industry-leading systems of record (Genesys, Nice inContact, and more).

Enosix, Inc.

Series B in 2018
Enosix, Inc. designs and develops integration solutions between front end platforms and systems applications and products (SAP) system to unlock data and surface business process. The company offers solutions, such as Enosix Connect, integrate SAP/ERP system with cloud based application; Enosix Engage; Enosix Surface, provides real time access to SAP ERP data in sales force without middleware; Enosix Sales, read, create, and modify SAP data from sales cloud; Enosix Sales CPQ, leverage SAP data for pricing and quotes in Salesforce CPQ; and Enosix Sales VC, integrate SAP variant configuration with Salesforce in real time. Enosix, Inc. was incorporated in 2014 and is based in Cincinnati, Ohio.

ONKÖL

Venture Round in 2014
ONKÖL develops a monitoring device that connects elderly and those with special needs to their family and caregivers. The company offers OnKöl, an emergency response tool that notifies selected family members and other caregivers’ vital signs, incoming and outgoing calls, and emergency or panic situations. Its device connects to motion, door and window, bed pressure, smoke, carbon monoxide, and various other home monitoring sensors through Bluetooth or by USB cable to virtually hundreds of medical devices. The company was founded in 2015 and is based in Milwaukee, Wisconsin.

ONKÖL

Venture Round in 2016
ONKÖL develops a monitoring device that connects elderly and those with special needs to their family and caregivers. The company offers OnKöl, an emergency response tool that notifies selected family members and other caregivers’ vital signs, incoming and outgoing calls, and emergency or panic situations. Its device connects to motion, door and window, bed pressure, smoke, carbon monoxide, and various other home monitoring sensors through Bluetooth or by USB cable to virtually hundreds of medical devices. The company was founded in 2015 and is based in Milwaukee, Wisconsin.

SkySpecs

Series B in 2018
SkySpecs automates the inspection, diagnostics, and maintenance of utility scale wind turbines with custom autonomous drones. The company develops an affordable form of energy, through the use of an automated drone inspection service and analytics platform that allows for repeatability, high-quality data, and safer inspections. SkySpecs was founded on 2012 and is based in Ann Arbor, Michigan.

Blue Pillar

Series A in 2019
At Blue Pillar, we connect industrial equipment to the internet and serve up the data to manage, monitor, and control equipment and devices so our customers can create flexible, scalable solutions for themselves or their customers. We're energized by the challenge of making the power of Industrial IoT widely accessible. We make things a little better in a connectivity-centric world where things are a lot harder than they should be.

SkySpecs

Series C in 2019
SkySpecs automates the inspection, diagnostics, and maintenance of utility scale wind turbines with custom autonomous drones. The company develops an affordable form of energy, through the use of an automated drone inspection service and analytics platform that allows for repeatability, high-quality data, and safer inspections. SkySpecs was founded on 2012 and is based in Ann Arbor, Michigan.

ThirdPartyTrust

Seed Round in 2020
ThirdPartyTrust’s SaaS vendor management platform measures and monitors vendor risk and related cyber threats. Enterprises require their vendors (e.g. IT service providers, consultants and contractors) to create a ThirdPartyTrust profile, which includes security audits, insurance certificates and compliance documentation in a central repository. Vendors can share their ThirdPartyTrust profile with all their enterprise clients and CISO's and the C-Suite have the ability to manage and mitigate risk across the organization.

FactoryFix Inc.

Debt Financing in 2018
FactoryFix LLC owns and operates a platform that connects manufacturers to qualified experts. The company provides labor resources for same-day service projects, part-time skilled workers, contract and temporary resources, and factory automation and engineering projects. It supplies labor resources, such as vetted machinists, maintenance technicians, engineers, and electricians. The company was founded in 2015 and is based in Chicago, Illinois.

Hologram

Series A in 2017
Hologram is a connectivity enablement toolkit that empowers makers, engineers, and creators of all types to connect their devices with wireless data as well as manage billings as they grow. Hologram provides a flexible platform with no minimums, instant connectivity, and robust scalability to help its users grow their businesses and projects from 1 to 1000 devices. Its goal is to simplify the process of building connected hardware that works everywhere. Hologram was founded in 2013 and is based in Chicago, Illinois.

AIQ Solutions, Inc.

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.

CytoPherx

Series C in 2012
CytoPherx (formerly Nephrion) clinical stage medical device company addressing inflammation-based diseases and conditions. The company’s products are custom configurations of a proprietary selective cytopheresis-based inflammation modulating system.

HarQen

Series A in 2010
HarQen unleashes the richness of information trapped inside conversations — transforming voice into actionable insights. Founded in 2007, HarQen's award-winning Intelligent Voice Services enables meetings, interviews and other conversations to be captured, enriched and shared, improving collaboration and productivity. HarQen is also a founding member of the Hypervoice Consortium. Hypervoice is an emerging model for organizing and navigating voice conversations. The technology within Symposia, HarQen's second application, showcases the first example of Hypervoice capabilities for use in enterprise social collaboration.

PegEx, Inc.

Series B in 2018
PegEx offers integrated services, software platforms, and products to manage all aspects of environmental services. It develops advanced, cloud-based software, the PegEx Platform, that improves productivity, mitigates risks, and optimizes revenue for waste management companies. It was founded in 2012 and is based in Fitchburg, Wisconsin.

HarQen

Series B in 2011
HarQen unleashes the richness of information trapped inside conversations — transforming voice into actionable insights. Founded in 2007, HarQen's award-winning Intelligent Voice Services enables meetings, interviews and other conversations to be captured, enriched and shared, improving collaboration and productivity. HarQen is also a founding member of the Hypervoice Consortium. Hypervoice is an emerging model for organizing and navigating voice conversations. The technology within Symposia, HarQen's second application, showcases the first example of Hypervoice capabilities for use in enterprise social collaboration.

Health Scholars

Series B in 2020
Health Scholars is a developer of medical simulation training software intended to provide clinical education and training. The company's platform is easy to use and scalable across a health system and effectively manages, delivers and includes interactive training content including the only commercially available as well as clinical VR simulation, enabling users to get cost-effective and richer content experience.

Sierra Oncology

Series D in 2014
Sierra Oncology, Inc. researches, develops, and commercializes therapies for the treatment of patients with hematology and oncology needs. Its lead drug candidate, momelotinib, is a selective and orally-bioavailable JAK1, JAK2, and ACVR1 inhibitor that has been investigated in two completed Phase 3 trials for the treatment of myelofibrosis. The company is also advancing SRA737, an orally bioavailable small molecule inhibitor Checkpoint kinase 1 is being investigated in two Phase 1/2 clinical trials; and SRA141, an orally bioavailable small molecule inhibitor of cell division cycle 7 kinase. The company was formerly known as ProNAi Therapeutics, Inc. and changed its name to Sierra Oncology, Inc. in January 2017. Sierra Oncology, Inc. was founded in 2003 and is headquartered in Vancouver, Canada.

VitalMedix Inc.

Venture Round in 2009
VitalMedix Inc. engages in the research and development of biopharmaceuticals for sustaining cellular function and protecting cells during and after hemorrhagic shock in the United States. The company develops Tamiasyn, a biopharmaceutical that potentially allows the human body to endure severe blood loss for an extended period of time, as well as inhibits human organ damage during the resuscitation process. It also develops a hemorrhagic shock treatment system. The company was founded in 2005 and is based in Minneapolis, Minnesota.