Investors Sue Duluth Startup GeaCom

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By Brooks Johnson, Duluth News Tribune

“Investors are suing Duluth’s GeaCom Inc. for millions of dollars, alleging the medical device maker fraudulently led them to buy stakes in the company, according to court filings.

Five minority shareholders, who together invested more than $3.5 million into GeaCom, want to “recover the investment induced by … false statement regarding pending sales,” according to court documents filed in February.”

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Chip Pearson Joins When I Work Board Of Directors

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Screen Shot 2017-04-21 at 12.19.28 AMVia News Release

“MINNEAPOLIS — April 20, 2017— When I Work, the easiest way to schedule, track time and communicate with hourly workers, announces the appointment of Chip Pearson to its board of directors. Pearson, the chairman, co-founder and current board member of Jamf in Minneapolis, joins Leadpages COO John Tedesco, Drive Capital’s Nick Solaro, e.ventures cofounder Tom Gieselmann, and When I Work founder and CEO Chad Halvorson on the software-as- a-service company’s board.”

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The 4th Annual Appapalooza Features Young Women In Tech

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Via News Release

“On May 7, 250 middle school and high school girls will converge at the Minneapolis Convention Center to compete at the 4th annual Appapalooza. Appapalooza is Technovation[MN]’s Regional Pitch Event of Technovation, a global technical entrepreneurship program. The event is free and open to the public, claim your tickets here; in total, 63 teams will pitch their apps at Appapalooza.”

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Sentera Soaring To Next Level With Farm Drones

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By Neal St. Anthony, Star Tribune

“Richfield-based Sentera, one of several emerging makers of drones, sensors and software for America’s farmers, is gaining altitude. CEO, Eric Taipale, an engineer who started working on drones a generation ago for defense contractor Lockheed, said relationships with distributors such as huge farm-equipment manufacturer John Deere have been critical.”

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Hiring Trends From Inside Minnesota’s VC/PE-Backed Tech Firms [part 4]

peopleBetween February [2] and June of 2016, we looked at hiring trends from inside a number of VC/PE-backed Minnesota tech firms using visual data sourced from LinkedIn.

Coming back to that roughly one year later, here are some fresh hiring trends from inside some of Minnesota’s most funded tech firms: Code42 ($137m VC), Jamf ($30m PE), Ability Network ($550m PE), RedBrickHealth ($75m VC), Leadpages ($38m VC), Zipnosis ($20m VC), When I Work ($25m VC), Bright Health ($80m).

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Casey Carl Is Leaving Target

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Screen Shot 2017-04-20 at 10.45.42 AMBy Kavita Kumar, Star Tribune

Casey Carl, a Target Corp. lifer and currently its chief innovation and strategy officer, is leaving the company amid a narrowing of innovation efforts to those that yield faster results tied to its core business.

He is one of the most senior among a number of digital- or innovation-focused executives who have left the Minneapolis-based retailer in the last year.”

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RetraceHealth Ceasing Operations

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Screen Shot 2017-04-19 at 9.32.15 AMBy Andre Eggert, Twin Cities Business

“Health care startup RetraceHealth said it will cease operations at the end of the month, citing the inability to identify a long-term business plan.

The Minneapolis-based company, which provides telemedicine, in-home checkups and services like labs and X-rays, said that increased competition that offered similar services and the consolidation of Twin Cities medical providers made it difficult to stay in business.”

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