MDC raises more than $6M for Venture Debt Fund

Madison Development Corporation’s (MDC) Venture Debt Fund, which provides financing for emerging growth companies in Dane County, has successfully raised more than $6.2 million for its sixth fund, according to an announcement from the organization.

Since 2004, the Venture Debt Fund has provided funding to more than 50 Dane County companies that have created more than 1,400 jobs in Dane County. 

TomoTherapy, Phoenix Nuclear, PerBlue Entertainment, EnsoData, Stemina Biomarker, Digsite, and GrocerKey are several of the companies that have received funding in the past. 

Madison Development Corp. is a nonprofit organization that owns and manages 305 affordable housing units in the Madison area and provides financing for hard-to-finance businesses in Dane County.