# Ideawake

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ideawake

- Industry: Software
- Headquarters: Milwaukee, US
- Website: www.ideawake.com
- Total disclosed funding: $1M
- Latest round: Seed (Feb 3, 2022)
- Investors on record: 1

## About

Based in Wisconsin, US, and founded in 2013, Ideawake is the developer of idea management software. Coby Skonord (CEO), Tim Elfelt, and Trae Tessmann are the co-founders of the company. In 2019, Ideawake raised USD 0.78 million in seed funding, led by returning investor BrightStar Wisconsin. In February 2022, Ideawake raised USD 1 million in seed funding led by new investor HealthX Ventures. As of 2021, it has more than 30 existing customers across industries, but health care is its largest vertical.

The company develops idea management software that helps people become innovators, and their ideas have a demonstrable impact. The company's software facilitates the solicitation, evaluation, and implementation of new ideas from employees, customers, suppliers, and the general public, as well as the management of those ideas, allowing companies to increase employee engagement while saving time and enhancing results.

The company plans to use the seed funding to expand on its existing healthcare success by working with health systems, payors, and technology providers.

## Funding rounds

- Seed, Feb 3, 2022, $1M — HealthX Ventures

## Investors

- HealthX Ventures (https://capitalatlas.ai/funds/healthx-ventures) — Seed