Minneapolis startup Argos Risk raising $1.5m

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Argos Risk, a Minneapolis startup that launched 2 years ago, is raising equity investment (again).

An SEC filing dated 2/22 indicates the Minneapolis firm recently secured $1.06m of a $1.5m equity round and is now estimated to be capitalized with $1.5m-$2m to date.

Argos Risk offers SaaS products for businesses to assess and monitor the ongoing financial health and potential credit risk associated with key strategic relationships — partners, customers, suppliers/vendors or even competitors.  Argos relies on real-time public data sources and also maintains agreements with 3rd party agents like Dun and Bradstreet and Moody’s.

KC Associates

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