Scott Resnick: Fetch shows potential for high-growth technology companies in Wisconsin


Scott Resnick: Fetch shows potential for high-growth technology companies in Wisconsin


Fetch Rewards has delivered to Madison its first unicorn — and, at least as important, lessons for how to achieve more high-growth startup companies.

A “unicorn” in the technology sector is a venture-backed startup with a valuation of $1 billion or more. Currently, only 632 unicorns are in the entire world — across 11 countries. Just 10 of those unicorns are in the Midwest. So it’s a big deal that in late March, for the first time, Madison minted a unicorn named Fetch.

The reason we know Fetch is a unicorn is because in March it raised a $210 million round of venture capital funding from Softbank, one of the world’s largest venture funds. Investors valued the company at upwards of $1.5 billion. It’s an exciting event and an opportunity for reflection...

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Ken Notes: Great story! I love the idea of Madison becoming a hub for companies like this.

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- - Volume: 9 - WEEK: 16 Date: 4/15/2021 7:10:25 AM -