BrightStar Wisconsin closed out 2021 with two December investments
BrightStar Wisconsin Foundation, Inc. is pleased to announce that its Investment Committee approved two additional investments totaling $310,000 at the end of 2021, Isomark Health and Blue Line Battery.
In both cases, BrightStar helped finish each company’s round of fundraising. “What so many people do not realize is that speed and timing is almost as important to these early-stage companies as the capital itself,” said BrightStar’s Investment Committee Chair, Todd Sobotka. “The quicker they can get the funds they need and then focus their attention on development or capturing market share, the better. In helping get deals done faster, BrightStar plays a role in not only assisting Wisconsin entrepreneurs, but also Wisconsin investors that have committed funds.”
Madison based Isomark Health is commercializing a UW-Madison developed technology that allows for the pre-symptomatic detection of an infection from a simple exhaled breath. The current target market is within animal health applications, with an initial focus on cattle/feedstock with future market potential far beyond this.
Blue Line Battery has developed the first modular and reliable lithium-ion battery technology for industrial purposes. The company is located in Beloit and already has dozens of customers. “The speed and decision turnaround time from Brightstar gave Blue Line Battery the ability to close its Seed Round in a record timeframe” said Blue Line’s Head of Growth, Phil Fonfara. BrightStar was able to bring in additional angel investors which secured the remaining portion of the round. Their commitment to our company exceeds that of a simple partnership, and Blue Line Battery is fortunate to have Brightstar Wisconsin on its cap table.”