Swallowing device sold to Idea Fund

Swallow Solutions, a Madison startup focused on helping people with swallowing disorders, has sold its SwallowSTRONG medical device to the Idea Fund of La Crosse I, LP, for $500,000. The Idea Fund created a new company, Swallow Therapeutics, in order to acquire the device, and is now searching for a CEO.

The sale of SwallowSTRONG will not impact Swallow Solutions’ business operations in Madison.

“We’re excited to bring this cutting edge healthcare company to La Crosse, where we believe it will have the right financial support, ecosystem, and mentoring to reach its full potential,” said Jonathan Horne, managing director at Idea Fund of La Crosse, in a release.