Updated: Minnesota tech startups raised ~$50m in Q1 2014

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pile-of-moneyAt least 16 40 Minnesota tech ventures raised $40m+ $50m investment capital in the first quarter of 2014, according to information collected and analyzed from January 1 through March 31, 2014.

The data includes on the record activity compiled from multiple sources. This proxy of current local funding activity and trends is a worse case scenario as there are always undisclosed transactions not factored.    It goes well beyond what you would read in the legacy media [2] — which tends to ignore a lot of startup funding (why?).

Relative to the same period last year, 24 different companies received $28m.  The largest deal of Q1 is Sport Ngin @$15m; median Q1 deal is ~$650k and the smallest deal was Leav’s $22k crowdfunding.

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