SpeechTails, a Wisconsin-based company that was among the top 12 finalists in the 2011 Wisconsin Governor’s Business Plan Contest, has been approved for a $300,000 investment through the Milwaukee Economic development Corp.’s venture debt program.
The company, which provides self-directed, web-based speech assessments and learning systems, had previously raised $450,000 in convertible debt along with $70,000 in management investment.
The company has also signed a non-exclusive agreement with Connections, an affiliate of Pearson Education Inc., which is a national leader in virtual and blended learning systems. Connections has developed a successful online synchronous speech therapy service employing licensed speech language pathologists. That service is currently provided primarily as part of Connections’ virtual school offerings.
Through the Connections agreement, SpeechTails will offer speech products and services to its customers. The go-to-market agreement will expose the SpeechTails brand to about 550,000 targeted consumers per month.
SpeechTails is a Qualified New Business Venture through the Wisconsin Economic Development Corp. and qualifies for ACT 255 investor tax credits. The company plans to raise an additional $750,000.
To learn more, visit SpeechTails.com or contact CEO Patrick Walters at firstname.lastname@example.org