RetraceHealth Sees $500k Investment

Minneapolis health tech startup RetraceHealth has receieved $500k equity investment per this SEC disclosure.

Founded in 2013 by Thompsom Aderinkomi, the model combines video telemedicine with face to face nurse house calls for between $50-$150 per family. This approach is designed to lower time and cost associated with the traditional physician-patient process.

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Minneapolis Startup Apruve Joins Startup Accelerator Commerce Innovated

ApruveMinneapolis B2B fintech startup Apruve is one of four nationwide accepted to startup accelerator Commerce Innovated — a joint initiative between Silicon Valley Bank and Mastercard.

Apruve is a payment and communication platform connecting B2B buyers and sellers. Business buyers want to get what they need now, but be invoiced for it later. To make this happen, sellers need to efficiently weigh the buyer’s credit risk and facilitate customized payment terms for purchases. Apruve automates this entire process for the seller, eliminating offline, manual accounts receivable tasks and giving a real time picture of captured and pending revenue in an eCommerce store. 

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Minnesota Made Assistant App For Parents Hits Crowdfunding Goal

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Little Peanut on the GoLittle Peanut on the Go — a personal assistant app for busy parents — has exceeded a crowdfunding goal of $7,500 set and launched last month.

82 backers supported the app, made by veteran product manager Karla Lemmon who created it based on her personal experience traveling with kids.  Readers may recognize the unique name from MobDemo, a local mobile pitch competition Lemmon won last November, earning her the initial $25k for development:

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$6 Million & Counting: The Nerdery Overnight Website Challenge

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http://tech.mn/files/2013/01/Overnight-Website-Challenge-300x237.jpg150 technically capable conjugated at the University of Minnesota St. Paul Campus earlier ths month for a 24 hour competition of good known as The Nerdery Overnight Website Challenge.

They were joined by another 50 who represented the 14 nonprofits selected for a site makeover at this years annual charity hackathon.

Meanwhile, similar scenarios were playing out in Chicago and Kansas City — home to The Nerdery’s sister offices.  While those locations lack the roots laid here in Bloomington eight years ago, they already account for 6 of the 14 Website Challenge’s held to date.

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Minneapolis Wearable Startup Playtabase Lands Spot In Nashville Accelerator

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ReemoMinneapolis wearable tech startup Playtabase has been selected to participate in the 2015 class of healthcare focused accelerator Jumpstart Foundry in Nashville, TN.

Playtabase develops the gesture controlled wrist apparatus Reemo which speaks with various smart home connected devices to “fundamentally improve the way people interact with their surroundings.”

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Startup Weekend Youth Twin Cities Is Coming to Minnesota

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http://mumbai.startupweekend.org/files/2014/03/StartupWeekend_Logo_GFE3.pngStartup Weekend Youth Twin Cities is coming to Minnesota on June 10-12 for a state and regional first.

The 3-day event (actually Wednesday—Friday after summer break begins) is for any junior or senior high school student and is being hosted by the Vantage program at Minnetonka Public Schools.

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MN Startup Zivix Just Banked Over $800 Grand On Kickstarter

ZivixMinneapolis music hardware + software startup Zivix has surpassed its Kickstarter crowdfunding goal by a wide margin, closing in last night at $813k from 2,991 backers.

Zivix set out for a minimum of $50k which occured merely four hours after launching in late March on a 42 day campaign term.

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San Fran Startup Rdio Setting Up Experimental Lab In Minneapolis

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rdio-logoSan Francisco streaming music startup Rdio is opening ‘Rdio Labs’ in Minneapolis, according to director Jason Russell.

“We’re focused on experimentation and new ideas that complement our core product experience, leveraging our API and SDKs,” he explains around the labs intentions.

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Big Data Startup Centriam Is Minneapolis’ Little Secret

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CentriamDating mining and analytics startup Centriam is young, hungry and profitable.

Formed in August 2012 by Jakub Jez and Greg Gonsior, the bootstrapped venture is nestled off Washington Ave where a team of data scientists and software developers are heads down cranking out code.

Their goal, according to Jez, is to refine and expand their software as a service to the point where it outsmarts them.

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