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The Venture Codex

Calumet Venture Fund

1245 E Washington Ave, Suite 210, Madison, WI, 53703, United States

Overview

Founded in 2008, Calumet Venture Fund is a Midwest-based investment firm specialized in information technology sector.

Total investments
5
Lead investments
2
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Montage

    Participated · Series C · Jun 2014

    Montage provides a purpose-built software-as-a-service (SaaS) video and voice interviewing platform used by Fortune 500 employers. The platform is designed to extend talent reach, elevate employer brand, reduce travel and costs, and accelerate hiring decisions. Led by president and CEO Kurt Heikkinen, Montage sells via an enterprise model to large employers. The company raised $8M in funding and concurrently acquired GreenJobInterview, a Costa Mesa, California-based video interviewing platform. Montage says the acquisition and new capital will enable accelerated global market expansion and further innovation of its platform. The financing and acquisition are positioned to support growth of its enterprise recruiting technology. Montage provides a cloud-based voice and video interviewing platform aimed at Global 5000 enterprises to increase hiring efficiency and engagement while reducing travel and costs. The company also offers customer service support, including providing a representative on every interview. Montage is led by CEO Kurt Heikkinen. The company received a $2M credit facility to support its operations. The financing was provided as debt by Square 1 Bank, a division of Pacific Western Bank. Montage intends to use the funds to support its continued growth. Montage provides a software-as-a-service configurable video interviewing solution designed to engage candidates and hiring teams throughout the hiring process. The platform allows hiring managers and recruiters to configure the candidate experience and expand use of video interviewing across the enterprise. Montage targets Global 5000 customers with purpose-built video interviewing technology. Led by president and CEO Kurt Heikkinen, the company sells its solution to large enterprises seeking to standardize and scale video-based hiring. The company announced a recent financing that it intends to use to support global expansion. Montage is a provider of video interviewing solutions delivered via an enterprise SaaS model. Its platform lets candidates record videos and stores profiles, credentials and documentation while supporting live panel interviews to expand hiring reach and engagement. Montage sells to corporate employers, staffing providers and universities and emphasizes ease of use and seamless integration to drive adoption. The company announced a $4 million investment to fuel international expansion, continued technology innovation, and client success and sales objectives. The financing was described as the largest round the company has secured to date and follows significant client wins and contract renewals. Montage positions its technology as reducing travel, accelerating hiring decisions and improving quality of hire. Montage Talent provides an enterprise SaaS video interviewing platform designed to optimize hiring for corporate employers, staffing providers and universities. The company’s core product is video technology that supports recruitment workflows. Montage plans to use new funding to expand client engagement activities and continue advancing its technology. The company also intends to apply proceeds to general working capital. Founded in 2007 and led by CEO Kurt Heikkinen, Montage is based in Delafield, Wisconsin. The company recently received a $3M investment to support these initiatives.

  • OptiMine Software

    Participated · Series B · Oct 2011

    OptiMine Software offers keyword bid optimization software for large paid-search advertising programs. Its platform uses predictive analytics to maximize campaign performance. A demo video illustrating the product was published alongside coverage. The company was founded in 2008. OptiMine recently signed a partnership agreement with Adobe, and on the heels of that deal it secured new financing. It raised $3.6M in a Series B led by Hummer Winblad Venture Partners; Calumet Venture Fund, which led its $1.1M Series A last year, also participated. OptiMine Software provides intelligent advertising optimization software, with headquarters in Minneapolis, Minnesota and London, UK. Its flagship product, OptiMine Paid Search Bid Management, uses patent-pending technology to forecast performance of each paid search ad placement daily and automatically set optimal bids. The product can be implemented in-house, hosted, or delivered as software-as-a-service (SaaS). The company raised $900,000 in a Series A to accelerate product development and expand sales and marketing. In conjunction with the financing, Toni Sikes, a General Partner at Calumet Venture Partners, will join OptiMine’s board. The product is currently used by customers including Overstock.com.

Team

No current team members are available.