At least 48 different
Minnesota tech ventures raised $44m investment capital during the second quarter of 2014, according to information collected and analyzed from April 1 through June 30, 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.
Compared to the same period last year, a record high 62 different companies raised $65m (-20%/-32%). Versus the first quarter of 2014, there’s consistency with 40 companies raising $50m. Overall this year, our records show Minnesota’s tech ventures have raised approximately $95m.