The Wisconsin Economic Development Corporation (WEDC) has invested in five Madison companies since the Wisconsin Investment Fund (WIF) was announced in May 2024, the organization announced today.

As previously reported, WIF is a public-private venture capital initiative that aims to invest $100 million in startup businesses throughout the state.

According to a release, the Madison companies that received investments during the first year of the fund were Amulet, Inc., Cardamom Health, Inc. and Optical X, Inc. through HealthX Ventures and AIQ Solutions and C-Motive Technologies, Inc. through NVNG Investment Advisors.

“Wisconsinites are known for bringing innovative ideas to the world,” WEDC CEO Missy Hughes said in a statement. “It’s essential we support them. The Wisconsin Investment Fund is doing what we set out to do: invest in our state’s innovative thinkers and companies and provide a reason for these companies to stay in Wisconsin. As a result, our Wisconsin economy will continue to grow and thrive.”

The fund hopes to create at least a $500 million impact in the state as it continues to invest in innovative companies working in technology, healthcare, agriculture, manufacturing and more.