Kegonsa Seed Fund

Early Venture News – September 2011

IBSI Launches First Product

U.S. Trailmaps Logo

IBSI has joined forces with a distributor, Azco BioTech, to launch the MAX-Seq Genome Sequencer. The system is a short-read DNA sequencing platform that uses sequencing-by synthesis chemistry. IBS exclusively licensed this DNA sequencing platform from Columbia University in Manhattan. Azco will both distribute and service the product for IBS.

Read full text of the article: IBSI Launches First Product Learn more about IBSI

Alice.com Expands to Europe via Merger with Koto.com

Alice.com Logo

Alice.com announced a merger with Koto.com of Spain, expanding its direct-to-consumer online retail model to an international European audience. The merger is the first worldwide expansion for Alice.com and an important first step in the Alice.com plan to offer consumer packaged goods (CPG) manufacturers a single global platform for selling products directly to consumers.

Read full text of article: Alice.com Expands to Europe via Merger with Koto.com Learn more about Alice.com

Job Searching the Gen Y Way

Brazen Careerist Logo

CNN recently published a video featuring Network Roulette, Brazen Careerist's, online speed-networking service.

Network Roulette is just one service Brazen provides to help job seekers and high achievers discover new clients and meet recruiters, mentors, and peers offering advice and new ideas. Such services are ideal for Millennials who are employed but who expect to change jobs about every 18 months as they seek to advance their careers or carve out a new one. closed a $750,000 funding round from Capital Access Network, an angel group that links startups to accredited investors in Maryland, Washington DC, Virginia, and Delaware.

Learn more about Brazen Careerist

Fishing in Wisconsin—Whales or Minnows?

The Wisconsin legislature is focusing on new job creation during its fall session. One topic under review is how to provide hundreds of millions of dollars in venture capital for investment.

Does Wisconsin need more investment capital? Absolutely. According to a Kaufmann Foundation report, Wisconsin ranks near the bottom (47 to 49) in new business creation and entrepreneurial success—both key sources of job creation. But just spending lots of government money does not guarantee success.

Read full text of article: Fishing in Wisconsin--Whales or Minnows?

Luminex buys Madison Startup EraGen

On June 21 Luminex Corporation announced the purchase of EraGen BioSciences, providing an exit to the EraGen investors. EraGen was founded in 1999 and headquartered in Dane county. At the time of sale, the company had grown to 70 employees with 2010 revenues of $8 million in product sales. The total dollars raised from startup to exit—from angel investors and venture capital firms—was over $20 million. This included a 2006 Series A investment round of $12 million that included three venture capital firms: First Analysis, Prolog Ventures, and Stonehenge Capital.

Read full text of article: Luminex buys Madison Startup EraGen

About Early Venture News

Early Venture News is a newsletter published by Kegonsa Capital Partners as part of its commitment to Kegonsa Seed Fund portfolio companies, Limited Partners, and interested subscribers.

Published three times a year, Early Venture News provides brief articles about Kegonsa Seed Fund portfolio companies and other items of interest to investors. A sampling of these articles are published on this website.

Issue Archive