Xconomy: Shark Tank, Blockchain, & Water Tech: This Week’s Wisconsin Watchlist
Summary
Shark Tank, Blockchain, & Water Tech: This Week’s Wisconsin Watchlist (Page 2 of 2) financing, and co-founder Kurt Wedig said he expects that figure to reach $2.5 million by the end of April.Founded in 2011, OneEvent develops software to make smoke detectors more sensitive and transform them into versatile devices for monitoring commercial and residential buildings.—Brookfield-based Connecture (NASDAQ: CNXR), which develops Web-based software designed to aid consumers shopping for health insurance, said it has raised $52 million from investors in an attempt to strengthen its financial position.The two groups who provided the funding were Francisco Partners, a private equity firm based in San Francisco, and Louisville, KY-based Chrysalis Ventures.Private investment in public equity—or PIPE—deals such as this one frequently involve cash-strapped businesses, according to reporting by the Wall Street Journal.
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