Fox Point-based physical therapy software startup Alinea Engage LLC has raised an $860,000 seed funding round, led by Brookfield-based Golden Angels Investors.
Carol Vance
The main funding round closed Dec. 10, though there are other joinder agreements in the works, said Alinea founder Carol Vance.
Sources indicate those additional investors are Milwaukee- and Downers Grove, Illinois-based Advocate Aurora Health Inc. and Milwaukee-based Northwestern Mutual Life Insurance Co. An Aurora spokesman declined to comment. Northwestern Mutual representatives did not return calls seeking comment. Vance declined to comment on the additional investors.
BrightStar Wisconsin Foundation invested $150,000 in Alinea’s seed round, said Fred Raasch, business manager at BrightStar.
“We think it’s an excellent opportunity that meets our investment criteria,” Raasch said. Read the full story here.
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