New Capital Fund

New Capital Fund is a private equity and venture capital firm based in Little Chute, Wisconsin, established in 2006. The firm specializes in investing across various sectors, including life sciences, information technology, agriculture, and manufacturing. It focuses on companies at different stages of development, from seed to growth stages, and aims to support innovative business products and services. New Capital Fund targets investment opportunities within the Midwest region, specifically in Iowa, Illinois, Indiana, Michigan, Minnesota, and Wisconsin, with a commitment to fostering advancements in healthcare, advanced manufacturing, and technology.

Steve Predayna

Managing Director and Board Member

33 past transactions

Rapid Diagnostek

Venture Round in 2019
Rapid Diagnostek, formerly known as Intellignostics, specializes in developing innovative biosensor-based diagnostic tests that can swiftly detect bacteria, viruses, spores, and disease biomarkers in liquid samples. The company’s flagship technology, the IntelliProbe Immunosensor (IPI) platform, enables rapid testing that delivers results in under 60 seconds at the point of sampling, significantly reducing the time compared to traditional diagnostic methods that can take hours or days. This patented, cost-effective sensor has shown promising results in laboratory settings and is aimed at various markets, including human and veterinary diagnostics, environmental testing, biohazard detection, agricultural commodity assessment, and food safety. Currently, Rapid Diagnostek is focused on advancing the development of a fully functioning device and initial assays to facilitate the commercialization of its groundbreaking technology.

Invenra

Venture Round in 2017
Invenra Inc. is a biotechnology company based in Madison, Wisconsin, specializing in the discovery of biologics, particularly focusing on antibodies and their derivatives. Founded in 2011, Invenra employs a proprietary technology that integrates cell-free expression of full-length antibodies with extreme miniaturization. This innovative approach allows for the screening of an unprecedented number of full-length antibodies in phenotypic assays. The company's platform is designed to facilitate the development and optimization of human multi-specific antibodies, with applications in treating diseases such as cancer, Alzheimer's, and diabetes. Invenra's team comprises scientists with extensive expertise across various disciplines, including genomics, biochemistry, and bioengineering, ensuring a strong foundation in both fundamental research and practical applications.

Simply Incredible Foods

Venture Round in 2017
Simply Incredible Foods, LLC is a food and beverage company based in Port Edwards, Wisconsin, specializing in the production and supply of cranberry ingredients. Founded in 2008, the company operates a processing facility located in a key cranberry-growing region, where it processes millions of pounds of cranberries. Simply Incredible Foods offers a diverse range of products, including cranberry juice for wineries and natural juice companies, as well as whole and sliced cranberries packaged in totes and cartons for food service and manufacturing sectors. Committed to innovation, the company focuses on creating, patenting, and manufacturing new cranberry-based ingredients tailored for various applications in retail, food service, and industrial markets.

Swallow Solutions

Debt Financing in 2016
Swallow Solutions, LLC is a company based in Madison, Wisconsin, dedicated to addressing swallowing disorders, also known as dysphagia, in the United States. Founded in 2004, the company specializes in developing therapeutic devices and nutritional food products tailored to the specific needs of patients based on their diagnosed level of swallowing difficulty. One of its notable offerings is SwallowSTRONG, which features a custom-molded mouthpiece combined with software that enables speech-language pathologists to implement an evidence-based therapy regimen aimed at improving lingual strength. Additionally, Swallow Solutions provides a cloud-based management system that allows clinicians to remotely monitor patients' progress, adjust therapy parameters, and analyze therapy data. Through these innovative solutions, Swallow Solutions aims to enhance the quality of life for individuals with swallowing difficulties.

Invenra

Venture Round in 2016
Invenra Inc. is a biotechnology company based in Madison, Wisconsin, specializing in the discovery of biologics, particularly focusing on antibodies and their derivatives. Founded in 2011, Invenra employs a proprietary technology that integrates cell-free expression of full-length antibodies with extreme miniaturization. This innovative approach allows for the screening of an unprecedented number of full-length antibodies in phenotypic assays. The company's platform is designed to facilitate the development and optimization of human multi-specific antibodies, with applications in treating diseases such as cancer, Alzheimer's, and diabetes. Invenra's team comprises scientists with extensive expertise across various disciplines, including genomics, biochemistry, and bioengineering, ensuring a strong foundation in both fundamental research and practical applications.

Magma Flooring

Seed Round in 2016
Magma Flooring LLC is a Wisconsin-based company, founded in July 2012, that specializes in providing eco-friendly flooring materials. The company focuses on sustainable products made from recycled plastic and natural fillers, aiming to replace traditional PVC flooring with non-PVC alternatives. Magma Flooring's offerings include luxury vinyl tile cores and bondable tiles, engineered to meet contemporary environmental and sustainability standards. Its products are designed to be free from harmful substances such as chlorine, phthalates, and VOCs, making them safe and odorless. By utilizing a state-of-the-art manufacturing process, Magma Flooring strives to deliver cost-effective, fully functional flooring solutions that appeal to environmentally conscious consumers. As a start-up, the company is positioned to become a leading provider of green flooring materials in the industry.

Invenra

Venture Round in 2016
Invenra Inc. is a biotechnology company based in Madison, Wisconsin, specializing in the discovery of biologics, particularly focusing on antibodies and their derivatives. Founded in 2011, Invenra employs a proprietary technology that integrates cell-free expression of full-length antibodies with extreme miniaturization. This innovative approach allows for the screening of an unprecedented number of full-length antibodies in phenotypic assays. The company's platform is designed to facilitate the development and optimization of human multi-specific antibodies, with applications in treating diseases such as cancer, Alzheimer's, and diabetes. Invenra's team comprises scientists with extensive expertise across various disciplines, including genomics, biochemistry, and bioengineering, ensuring a strong foundation in both fundamental research and practical applications.

Magma Flooring

Seed Round in 2016
Magma Flooring LLC is a Wisconsin-based company, founded in July 2012, that specializes in providing eco-friendly flooring materials. The company focuses on sustainable products made from recycled plastic and natural fillers, aiming to replace traditional PVC flooring with non-PVC alternatives. Magma Flooring's offerings include luxury vinyl tile cores and bondable tiles, engineered to meet contemporary environmental and sustainability standards. Its products are designed to be free from harmful substances such as chlorine, phthalates, and VOCs, making them safe and odorless. By utilizing a state-of-the-art manufacturing process, Magma Flooring strives to deliver cost-effective, fully functional flooring solutions that appeal to environmentally conscious consumers. As a start-up, the company is positioned to become a leading provider of green flooring materials in the industry.

Simply Incredible Foods

Venture Round in 2016
Simply Incredible Foods, LLC is a food and beverage company based in Port Edwards, Wisconsin, specializing in the production and supply of cranberry ingredients. Founded in 2008, the company operates a processing facility located in a key cranberry-growing region, where it processes millions of pounds of cranberries. Simply Incredible Foods offers a diverse range of products, including cranberry juice for wineries and natural juice companies, as well as whole and sliced cranberries packaged in totes and cartons for food service and manufacturing sectors. Committed to innovation, the company focuses on creating, patenting, and manufacturing new cranberry-based ingredients tailored for various applications in retail, food service, and industrial markets.

Swallow Solutions

Venture Round in 2015
Swallow Solutions, LLC is a company based in Madison, Wisconsin, dedicated to addressing swallowing disorders, also known as dysphagia, in the United States. Founded in 2004, the company specializes in developing therapeutic devices and nutritional food products tailored to the specific needs of patients based on their diagnosed level of swallowing difficulty. One of its notable offerings is SwallowSTRONG, which features a custom-molded mouthpiece combined with software that enables speech-language pathologists to implement an evidence-based therapy regimen aimed at improving lingual strength. Additionally, Swallow Solutions provides a cloud-based management system that allows clinicians to remotely monitor patients' progress, adjust therapy parameters, and analyze therapy data. Through these innovative solutions, Swallow Solutions aims to enhance the quality of life for individuals with swallowing difficulties.

Phoenix

Debt Financing in 2015
Phoenix, LLC, established in 2005 and headquartered in Madison, Wisconsin, specializes in designing and manufacturing high-yield neutron generators and other commercial nuclear technologies. These products cater to diverse applications across industries such as aerospace, defense, medical, and semiconductor, including neutron radiography, cargo screening, medical isotope production, and nuclear fuel scanning. The company's commitment to practical nuclear technologies has also set a long-term goal of contributing to clean, fusion energy production.

Silatronix

Funding Round in 2015
Silatronix, Inc. is a company that specializes in the development of organosilicon compounds and formulations for energy storage applications. Founded in 2007 and based in Madison, Wisconsin, Silatronix focuses on creating organosilicon electrolytes designed for use in rechargeable and non-rechargeable lithium-ion batteries, as well as in ultracapacitors. The company's patented materials enhance battery performance by extending cell life, increasing capacity, and enabling operation across a broader temperature range. These advancements allow for the safe use of higher charge voltages, making Silatronix's products suitable for various applications, including portable electronics, electric vehicles, and large-scale energy storage systems.

Phoenix

Venture Round in 2014
Phoenix, LLC, established in 2005 and headquartered in Madison, Wisconsin, specializes in designing and manufacturing high-yield neutron generators and other commercial nuclear technologies. These products cater to diverse applications across industries such as aerospace, defense, medical, and semiconductor, including neutron radiography, cargo screening, medical isotope production, and nuclear fuel scanning. The company's commitment to practical nuclear technologies has also set a long-term goal of contributing to clean, fusion energy production.

Hopster

Venture Round in 2014
Hopster is a digital platform designed to enhance the relationship between consumer packaged goods (CPG) brands and their customers. It enables CPG brands to convert traditional coupon usage into meaningful engagement and loyalty by offering targeted and personalized promotions. Through its flagship site, Hopster.com, users can access customized coupon offers and engaging branded content in an interactive environment. The platform also facilitates the connection between digital advertising and in-store sales, while capturing household-level buying data to inform marketing strategies. By providing CPG brands with tools to manage and strengthen their direct relationships with shoppers, Hopster aims to drive customer loyalty, encourage trial of new products, and support cross-selling initiatives.

MyAlerts

Debt Financing in 2014
MyAlerts, LLC is a customer engagement platform based in Minneapolis, Minnesota, established in 2012. Formerly known as TrackIF, the company specializes in providing users with personalized alerting services that track changes or trigger events on their favorite websites. Its platform enables users to subscribe to alerts for various categories, including price changes, product availability, and new item notifications. By allowing consumers to self-personalize their updates, MyAlerts enhances customer-driven marketing strategies, significantly improving engagement compared to traditional mass marketing. The cloud-based solution offers a quick implementation process for retailers, travel sites, and other online platforms, fostering repeat visits and providing insights into consumer demand and purchase intent.

Magma Flooring

Seed Round in 2014
Magma Flooring LLC is a Wisconsin-based company, founded in July 2012, that specializes in providing eco-friendly flooring materials. The company focuses on sustainable products made from recycled plastic and natural fillers, aiming to replace traditional PVC flooring with non-PVC alternatives. Magma Flooring's offerings include luxury vinyl tile cores and bondable tiles, engineered to meet contemporary environmental and sustainability standards. Its products are designed to be free from harmful substances such as chlorine, phthalates, and VOCs, making them safe and odorless. By utilizing a state-of-the-art manufacturing process, Magma Flooring strives to deliver cost-effective, fully functional flooring solutions that appeal to environmentally conscious consumers. As a start-up, the company is positioned to become a leading provider of green flooring materials in the industry.

Hopster

Venture Round in 2014
Hopster is a digital platform designed to enhance the relationship between consumer packaged goods (CPG) brands and their customers. It enables CPG brands to convert traditional coupon usage into meaningful engagement and loyalty by offering targeted and personalized promotions. Through its flagship site, Hopster.com, users can access customized coupon offers and engaging branded content in an interactive environment. The platform also facilitates the connection between digital advertising and in-store sales, while capturing household-level buying data to inform marketing strategies. By providing CPG brands with tools to manage and strengthen their direct relationships with shoppers, Hopster aims to drive customer loyalty, encourage trial of new products, and support cross-selling initiatives.

Swallow Solutions

Funding Round in 2013
Swallow Solutions, LLC is a company based in Madison, Wisconsin, dedicated to addressing swallowing disorders, also known as dysphagia, in the United States. Founded in 2004, the company specializes in developing therapeutic devices and nutritional food products tailored to the specific needs of patients based on their diagnosed level of swallowing difficulty. One of its notable offerings is SwallowSTRONG, which features a custom-molded mouthpiece combined with software that enables speech-language pathologists to implement an evidence-based therapy regimen aimed at improving lingual strength. Additionally, Swallow Solutions provides a cloud-based management system that allows clinicians to remotely monitor patients' progress, adjust therapy parameters, and analyze therapy data. Through these innovative solutions, Swallow Solutions aims to enhance the quality of life for individuals with swallowing difficulties.

Simply Incredible Foods

Seed Round in 2013
Simply Incredible Foods, LLC is a food and beverage company based in Port Edwards, Wisconsin, specializing in the production and supply of cranberry ingredients. Founded in 2008, the company operates a processing facility located in a key cranberry-growing region, where it processes millions of pounds of cranberries. Simply Incredible Foods offers a diverse range of products, including cranberry juice for wineries and natural juice companies, as well as whole and sliced cranberries packaged in totes and cartons for food service and manufacturing sectors. Committed to innovation, the company focuses on creating, patenting, and manufacturing new cranberry-based ingredients tailored for various applications in retail, food service, and industrial markets.

Swallow Solutions

Series A in 2013
Swallow Solutions, LLC is a company based in Madison, Wisconsin, dedicated to addressing swallowing disorders, also known as dysphagia, in the United States. Founded in 2004, the company specializes in developing therapeutic devices and nutritional food products tailored to the specific needs of patients based on their diagnosed level of swallowing difficulty. One of its notable offerings is SwallowSTRONG, which features a custom-molded mouthpiece combined with software that enables speech-language pathologists to implement an evidence-based therapy regimen aimed at improving lingual strength. Additionally, Swallow Solutions provides a cloud-based management system that allows clinicians to remotely monitor patients' progress, adjust therapy parameters, and analyze therapy data. Through these innovative solutions, Swallow Solutions aims to enhance the quality of life for individuals with swallowing difficulties.

Invenra

Venture Round in 2013
Invenra Inc. is a biotechnology company based in Madison, Wisconsin, specializing in the discovery of biologics, particularly focusing on antibodies and their derivatives. Founded in 2011, Invenra employs a proprietary technology that integrates cell-free expression of full-length antibodies with extreme miniaturization. This innovative approach allows for the screening of an unprecedented number of full-length antibodies in phenotypic assays. The company's platform is designed to facilitate the development and optimization of human multi-specific antibodies, with applications in treating diseases such as cancer, Alzheimer's, and diabetes. Invenra's team comprises scientists with extensive expertise across various disciplines, including genomics, biochemistry, and bioengineering, ensuring a strong foundation in both fundamental research and practical applications.

Xolve

Funding Round in 2012
Xolve Inc., established in 2008 and headquartered in Middleton, Wisconsin, specializes in the production and supply of graphene for industrial applications. The company offers graphene-loaded polymer master batches, pristine graphene nanoplatelets, and exfoliated graphene, which enhance properties such as modulus, electrical conductivity, thermal conductivity, barrier properties, and flame retardancy in various plastics used across automotive, aerospace, electronics, and other sectors. Xolve's unique processing technology enables effective, simple, room-temperature production of graphene composites. As of 2016, the company operates as a subsidiary of Reliance Industries Limited.

Flex Biomedical

Venture Round in 2012
Flex Biomedical, Inc. is a biomedical company based in Madison, Wisconsin, founded in 2007. The company focuses on developing innovative treatments and diagnostics for orthopedic injuries and diseases, with a particular emphasis on osteoarthritis, a debilitating joint condition that affects millions globally. Its flagship product, the Flex Polymer, is a synthetic and injectable polymer designed to alleviate the symptoms of osteoarthritis. By offering solutions that aim to enhance patient mobility and reduce pain, Flex Biomedical addresses a significant health challenge faced by many individuals. The company markets its products through online retailers, making its offerings accessible to a wider audience.

HuTerra

Seed Round in 2012
HuTerra, LLC is a company based in De Pere, Wisconsin, that operates a unique social network integrating gaming, social interaction, and charitable giving. Founded in 2012, HuTerra enables its members to earn TerraTokens by participating in various virtual activities, such as playing games, completing surveys, and purchasing products or gift certificates. The platform facilitates free crowdfunding for nonprofits, businesses, and support services, enhancing community connections. By leveraging social networks, HuTerra empowers consumers to support local businesses and charitable organizations more effectively, helping schools and nonprofits access new revenue sources and funding opportunities for their initiatives.

Hopster

Venture Round in 2012
Hopster is a digital platform designed to enhance the relationship between consumer packaged goods (CPG) brands and their customers. It enables CPG brands to convert traditional coupon usage into meaningful engagement and loyalty by offering targeted and personalized promotions. Through its flagship site, Hopster.com, users can access customized coupon offers and engaging branded content in an interactive environment. The platform also facilitates the connection between digital advertising and in-store sales, while capturing household-level buying data to inform marketing strategies. By providing CPG brands with tools to manage and strengthen their direct relationships with shoppers, Hopster aims to drive customer loyalty, encourage trial of new products, and support cross-selling initiatives.

Aurizon Ultrasonics

Angel Round in 2012
Aurizon Ultrasonics, LLC, founded in 2009 and based in Kimberly, Wisconsin, specializes in the development and manufacture of high-power ultrasonic systems for various industrial applications. The company offers a range of products, including Accubond systems for hygiene, personal care, and medical disposables; Soniseal systems for packaging; and Sonisolution systems for specialty converting. Aurizon Ultrasonics is committed to innovation and technology development, providing customized processes tailored to meet client needs. In addition to its product offerings, the company also provides comprehensive support services, including testing, engineering, and training. Its patented ultrasonic technology aims to enhance productivity and sustainability while reducing costs across diverse sectors such as hygiene, medical disposables, packaging, and specialty converting.

Frozen Codebase

Venture Round in 2011
Frozen Codebase LLC is a video game studio based in Green Bay, Wisconsin, founded in 2006. The company specializes in designing, programming, and licensing video game software for major console systems, including Xbox 360, PlayStation 3, and Nintendo Wii. Frozen Codebase targets major game publishers, offering innovative software solutions tailored to the video gaming industry. Through its development efforts, the company aims to contribute to the evolving landscape of interactive entertainment.

Frozen Codebase

Angel Round in 2011
Frozen Codebase LLC is a video game studio based in Green Bay, Wisconsin, founded in 2006. The company specializes in designing, programming, and licensing video game software for major console systems, including Xbox 360, PlayStation 3, and Nintendo Wii. Frozen Codebase targets major game publishers, offering innovative software solutions tailored to the video gaming industry. Through its development efforts, the company aims to contribute to the evolving landscape of interactive entertainment.

Flex Biomedical

Venture Round in 2009
Flex Biomedical, Inc. is a biomedical company based in Madison, Wisconsin, founded in 2007. The company focuses on developing innovative treatments and diagnostics for orthopedic injuries and diseases, with a particular emphasis on osteoarthritis, a debilitating joint condition that affects millions globally. Its flagship product, the Flex Polymer, is a synthetic and injectable polymer designed to alleviate the symptoms of osteoarthritis. By offering solutions that aim to enhance patient mobility and reduce pain, Flex Biomedical addresses a significant health challenge faced by many individuals. The company markets its products through online retailers, making its offerings accessible to a wider audience.

TrafficCast

Series A in 2008
TrafficCast International, Inc. is a technology company specializing in advanced digital traffic data and predictive traffic information solutions. Founded in 1999 and headquartered in Madison, Wisconsin, with additional offices in several U.S. cities and Shanghai, the company offers a range of products designed to enhance travel efficiency. Its flagship solution, DYNAFLOW, provides real-time road speed information by integrating GPS tracking data, public sensors, and incident reports. TrafficCast also developed BLUETOAD, a Bluetooth detection technology that accurately computes travel times and vehicle behaviors, and TRAFFICCARMA, a crowdsourced mobile application that offers route recommendations based on community insights. With coverage of over 220,000 miles of roadway, TrafficCast utilizes a unique Data Fusion Engine to deliver reliable, personalized traffic and travel information, catering to both individual commuters and public agencies.

Ro-Flo Compressors

Venture Round in 2007
Ro-Flo Compressors specializes in the manufacture and distribution of rotary sliding vane compressors designed to handle heavy, dirty, and corrosive gases. The company offers a range of products, including low pressure and high pressure models, as well as vacuum pumps. Ro-Flo Compressors serves various industries, such as oil, gas, landfill, and wastewater treatment, providing tailored solutions for gas compression needs and product testing services.

Renovar

Series B in 2006
Renovar engages in the discovery and development of diagnostic tests based on a portfolio of protein biomarkers for kidney disease and transplant monitoring. It provides a portfolio of protein biomarkers that indicate kidney injury using its urinary immunoassay platform; and CFSE Flow Kit that is used for tracking eight generations of cell proliferation in-vivo and in-vitro for mouse and human cells by flow cytometry. The company also offers custom assays and study services to support research activities, including biomarker selection and assay panel development, study design, data analysis, and samples testing. Renovar, Inc. was founded in 1999 and is headquartered in Appleton, Wisconsin.

Frozen Codebase

Angel Round in 2006
Frozen Codebase LLC is a video game studio based in Green Bay, Wisconsin, founded in 2006. The company specializes in designing, programming, and licensing video game software for major console systems, including Xbox 360, PlayStation 3, and Nintendo Wii. Frozen Codebase targets major game publishers, offering innovative software solutions tailored to the video gaming industry. Through its development efforts, the company aims to contribute to the evolving landscape of interactive entertainment.
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