Promentis, Kiio, EmOpti, & More: This Week’s Wisconsin Watchlist
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terms of the deal were not disclosed in the release.
—Allergy Amulet, a still-to-be-commercialized device that is designed to test for peanuts and other common food allergens, is on the verge of closing a $1.1 million seed funding round, said co-founder and CEO Abigail Barnes. The startup was originally headquartered in the Boston area but is now based in Madison, following its participation in the Gener8tor accelerator program earlier this year. New York-based Colle Capital led the round. Barnes said the money will be used to fund Allergy Amulet’s operations through the summer of 2017, when the startup plans to raise a Series A round.
—Madison-based Pinpoint Software has teamed up with a chain of grocery stores as part of Pinpoint’s Stop Waste Together initiative, said Andrew Hoeft, the company’s founder and CEO. Metcalfe’s Market, which has stores in the Madison and Milwaukee areas, has used Pinpoint’s software for the past year to track items whose expiration dates are approaching, the company said in a press release. Now, as part of the Stop Waste Together effort, customers will be able to buy these items at a 20 to 30 percent discount, Pinpoint said. Hoeft said in an e-mail message that Americans throw away about 40 percent of the food that is produced here.