Quarterly Funding Review: 33 Minnesota Tech Ventures Captured ~$46m in Q1 2016

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Redpath3At least 33 different Minnesota tech ventures received ~$46m of investment capital during the first quarter of the year according to information collected and analyzed from January 1 through March 31, 2016.

This dataset represents the most comprehensive ongoing tally of Minnesota’s tech sector funding quarter to quarter, year after year, for five years running.

It’s compiled from multiple sources as proxy of market activity, including: crowdfunding, incubators, angel investing, venture capital, corporate arm and private equity. Consider it a worse case scenario as there are always undisclosed transactions not fully factored, so the actual figures are higher, although unknown.

We give thanks to Redpath & Company for underwriting this report that provides transparency into the marketplace.  So, what happened in Q1 2016, coming off a big year for Minnesota tech?

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