Fund of Funds, ConsortiEX & Froedtert: This Week’s Wisconsin Roundup

school-age children about water and energy usage, acquired MeterHero, the company from which STEMhero was spun out about two years ago. MeterHero co-founders McGee Young and Nathan Conroy, who is also founder and CEO of STEMhero, declined to reveal the purchase price. Young, a former Marquette University professor who moved to California in 2014, recently joined Open EE Meter as the organization’s head of product.

—Madison-based Ionic, whose software allows developers to use Web-based programming languages to make mobile apps that work across iOS, Android, and other platforms, raised $8.5 million. The Series A funding round was led by Cambridge-MA based General Catalyst Partners, with participation from return backers Lightbank, Arthur Ventures, and Founder Collective. Ionic, which currently has 20 employees, said it has raised $12.2 million from investors to date.

—West Allis-based Dynamis Software, whose technology allows insurance brokers and agents to evaluate health plans for the organizations they sell to, raised $529,000. Andy Nunemaker, the startup’s co-founder and CEO, said that Brookfield-based Golden Angels Investors provided some of the funding, but he did not reveal the exact amount. He said that the latest financing should allow Dynamis to grow at its desired pace without taking additional outside investment.

—Grafton-based HealthLX, which develops tools designed to make health data flow more fluidly between systems, raised $405,000. CEO Will Tesch said he expects that figure to increase—it could climb as high as $1 million, according to a regulatory filing—but he did not give a specific total. HealthLX sells its software and services by partnering with other healthcare businesses, such as Bedford, MA-based Casenet, and Talend, based in Redwood City, CA.

—Madison-based Forward Health Group, whose software allows clinicians to group together patients with similar diagnoses, symptoms, and other attributes, has now taken in more than $10 million from investors, according to SEC filings. That includes a $4 million raise last fall, said co-founder and CEO Michael Barbouche, which was not publicly disclosed until last month. In recent months, Forward Health Group has forged multiple partnerships, including one with data and computing giant Oracle (NYSE: [[ticker:ORCL]]).

Author: Jeff Buchanan

Jeff formerly led Xconomy’s Seattle coverage since. Before that, he spent three years as editor of Xconomy Wisconsin, primarily covering software and biotech companies based in the Badger State. A graduate of Vanderbilt, he worked in health IT prior to being bit by the journalism bug.