Branch2 Raising Seed Funding to Grow Staff, Build Health IT Apps
Branch2, a Madison, WI-based startup that intends to build healthcare software applications in collaboration with hospital systems, is looking to raise $500,000 in seed funding, according to a filing with the U.S. Securities & Exchange Commission.
The convertible note will allow Branch2 to add staff, founder and CEO Reggie Luedtke said. Branch2 has two full-time and 16 part-time staff currently.
“Almost all the money will go toward paying employees and scaling up our team,” Luedtke said. “We’re at a point now where that’s exactly what we want to do.”
The company is also close to signing a lease for office space near Capitol Square, Luedtke said.
Branch2 has partnerships with two Madison software companies, MIOsoft and Hardin Design & Development, to build the health IT apps and supporting software infrastructure. You can read more about Branch2 in this Xconomy profile.