Milwaukee-based education company University of WisconsinMilwaukee has secured $1 million in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 15 and financed by Wisconsin Economic Development Corporation (WEDC).
According to its Crunchbase profile, "With close to 200 different degree offerings, active research programs and a vibrant local and student life, University of Wisconsin in Milwaukee (UWM) has something for everyone, both academically and otherwise. At UWM you can get an undergraduate degree in architectural studies, film, comparative literature, electrical engineering, marketing, music education, religious studies or nursing. You can also get a pre-professional degree for chiropractic, dentistry, law or medicine, engage in research projects or pursue a master’s degree in occupational therapy or theatre performance."
The 64-year-old university also raised a $2 million grant in 2017.
Over the past year, three Milwaukee-based education companies have secured venture funding, totaling $3 million in new investment to the local industry.
In other local funding news, information technology company Ideawake announced a $780,000 seed funding round on July 30, financed by BrightStar Wisconsin Foundation.
According to Crunchbase, "Ideawake’s SaaS idea management platform enables employers to (1) solicit and crowdsource ideas of employees, customers and vendors to reduce costs, generate additional revenue and engage employees, (2) evaluate and select the best ideas and (3) manage the implementation of those ideas."
Founded in 2013, the company has raised five previous rounds, including a $75,000 seed round in 2018.