NeuWave Medical, a Madison, WI-based medical device maker, has raised $4.8 million through debt financing and securities options, a new SEC document shows. The funding round could eventually total $11.6 million.

The company previously hauled in more than $29 million from the likes of H.I.G. BioVentures, Madison-based Venture Investors, the Wisconsin Alumni Research Foundation, and the State of Wisconsin Investment Board, according to the Wisconsin Economic Development Corp. website.

Read more at Xconomy.

Phoenix Nuclear Labs, based in Monona, said it has been awarded a $3 million contact by the U.S. Army to build an advanced neutron radiography unit.

The neutron imaging system will be used to inspect munitions and other critical defense components. The company will deliver an upgraded, second-generation version of a system that it delivered last year to Picatinny Arsenal, a military research and manufacturing facility in New Jersey.

Read more at the Milwaukee Journal Sentinel.

Solomo Technology Inc. was selected from a field of nine start-ups to win $100,000 from AOL founder Steve Case’s investment firm, organizers said late Monday.

As winner of Case’s Rise of the Rest Road Tour pitch competition, Solomo also received a trip to pitch its story at the 2015 SXSW Startup Village in March for a chance to win additional funding.

Read more at the Milwaukee Journal Sentinel.

Zurex Pharma, a Middleton, WI-based startup developing antimicrobial products to prevent hospital-acquired infections, has raised $4.1 million from investors in a round that could top out at $5.1 million, according to a new SEC filing.

Zurex is working on three products: two that focus on catheter-related bloodstream infections and one that would avert infections in surgical wounds.

Read more at Xconomy.

Phoenix Nuclear Labs says it has completed successful preliminary tests on a system that can root out so-called “undetectable explosives.”

The Monona company says its neutron-based technology senses the explosive material itself, not the components such as a metal casing or a trigger mechanism.

Read more at Madison.com

FluGen has raised $3.4 million in convertible debt financing to help the Madison, WI-based biotech startup push its universal flu vaccine into human trials next year, Xconomy has learned.

The $3.4 million is a bridge financing round, and the company is now seeking an additional $3 million or more in a Series B venture capital round that would—along with a new $4.7 million NIH grant—help fund Phase Ia and Ib clinical trials for FluGen’s Redee Flu, president and CEO Paul Radspinner said today. The goal would be to close the Series B round by August and enter clinical trials early next year.

Read more at Xconomy.com

Phoenix Nuclear Labs (PNL) announced today that it was awarded a $1M grant from the Department of Energy (DoE) to design and build a high current negative hydrogen ion source. This technology will advance the state-of-the-art in high-energy physics research, medical isotope production, semiconductor manufacturing, and nuclear fusion energy. The award duration is 2 years and is a Phase II project through the SBIR program.

Read more at WisBusiness.com.

A small Madison firm sees big things in technology that promises to give brick-and-mortar stores the kind of customer intelligence their online competitors have been using to their advantage for years.

Outfitted with what amounts to a sort-of indoor GPS, retailers and others are beginning to use the signals sent out by smartphones to gather a rich lode of data on what’s happening in their buildings.

And the leaders of Solomo Technology Inc., along with many others in the young but burgeoning field, are counting on a lot more of that.

“We see the indoor location market exploding,” Solomo founder and CEO Liz Eversoll said. “…You wouldn’t build a website today without analytics, and tomorrow you won’t have a location without intelligence.”

Read more at the Milwaukee Journal Sentinel.

TrackIf, the search and shopping awareness engine, today announced it has raised an additional $3 million in debt funding from new and existing angel investors, and by venture funds including Chicago Ventures, Wisconsin Investment Partners, New Capital Fund andConfluence Capital.

Led by Minneapolis-based entrepreneur Doug Berg, who founded other successful web-based startups such as Jobs2web (purchased by SAP for $110 million) and techies.com, TrackIf provides a free service that allows users to track anything they want on the web, helping to capture users’ interests and keeping them aware of key events they want to monitor online using a single private account.

Read more at PRWeb.

Phoenix Nuclear Labs said Tuesday it has signed a contract to supply a thermal neutron generation system to a British facility later this year.

The sale to Ultra Electronics’ Nuclear Control Systems business marks the first large-scale commercial contract for Phoenix Nuclear Labs, which to date has been funded primarily by government grants and private investment, the Monona-based company said.

Financial terms of the contract weren’t disclosed, but Phoenix also said it recently closed on $1.15 million in private equity funding and has received approval for an additional $250,000 in loans from the Wisconsin Economic Development Corp. to help it hire more people and build out its manufacturing infrastructure.

Read more at the Milwaukee Journal Sentinel.