Milwaukee logistics and business management software company Renaissant Inc. announced a $1.07 million capital raise Wednesday.

The company received a $770,000 equity investment from a group of individuals that have been involved with the company for the last three years, Renaissant CEO Thomas Dean said. It will use the funding for working capital to fuel its growth, according to the announcement.

Renaissant also got a $300,000 technology development loan from the Wisconsin Economic Development Corp. (WEDC), according to the announcement.

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