A Deep Dive With MedNet Solutions CEO On The $16m Round

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rrobertson-websmallMinnetonka based MedNet Solutions closed on a $16m investment round last week to fuel the growth of their clinical trial software.

We connected with cofounder and CEO Rob Robertson for a deep dive on his firm and the deal:

What is your background as it relates to MedNet Solutions?

I am one of the original four founders of the company, which dates as far back as 2001.   This was the early stages of the eclinical and digitization of clinical trials.

Are the other three individuals still with the company?

Yes, two of them are – Brian Sweeney and Al Sherwood.

How do you describe your technology and solution in the market?

If you’re a medical device or pharmaceutical company, you have to conduct a series of FDA clinical trials to get your drug or device to the market.  Our iMedNet eClinical offering allows the trial to be conducted in an efficient, reliable and cost-effective manner.

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MN Startup MyAlerts Raises $2m And Launches A Recruiting Product

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Minneapolis headquartered MyAlerts has raised an addition $2m of external investment to capitalize on opportunity, according to founder & CEO Doug Berg.

“MyAlerts is an engagement platform for consumers to design their own custom alerts and for marketers to connect with them. In the retail space, we’ve closed a number of large companies on this model and the core business is growing nicely.  We needed a small amount of cash quickly now,” he explains,  “To expand into a new vertical, bring us cash flow positive and set us up for a larger series B round down the road.”

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Minnesota Tech Startup Foodsby Raises One Million Dollars

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screen-shot-2016-12-06-at-9-23-26-pmMinnesota tech startup Foodsby has secured a million dollars of convertible debt investment, according to this fresh SEC disclosure.

Launched in 2012 and led by CEO Ben Cattoor, Foodsby is like a virtual food truck network that uses an online ordering platform to pool and optimize everday food delivery services to corporate organizations.

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RetraceHealth Founders Ousted, Angie Franks Interim CEO

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e_e1ck5sMinnesota tech entrepreneurs Thompson Aderinkomi (CEO) and Steven Bayer (CTO) have been fired from the company they founded in 2013.

RetraceHealth combines video telemedicine with face to face house calls for a blended delivery model designed to lower time and cost associated with the traditional physician-patient process. The venture has attracted investment capital from Blue Cross and Blue Shield of Minnesota (Blue Cross), HealthEast Care System (Minnesota), and McKesson Ventures.

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Five Minnesota Tech Companies Make The 2016 Deloitte Technology Fast 500

screen-shot-2016-11-22-at-10-14-24-amNew York professional services behemoth Deloitte announced today their annual ranking of the fastest growing North American tech companies.

The Deloitte Technology Fast 500 measures innovation, entrepreneurship and rapid growth to identify “companies on the cutting edge that are transforming the way we do business.”

Similar to the Inc. 500/5,000, but with an exclusive tech sector focus, their profiling provides insight into which local companies are growing based on percentage fiscal year revenue from 2012 to 2015. In 2012 and 2013, three Minnesota technology companies had ranked; in 2014 and 2015, it was four.

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Local Sports Tech Startup TeamGenius Is Gaining Ground

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teamgenius_logo_website-239x65Minnesota SaaS startup TeamGenius is gaining ground in the youth sports tryout and player development market since launching in July.

At the top level, most importantly — 30 paying customers are now using the product now,  pushing them swiftly in the direction of positive cash flow.

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Eden Prairie Healthtech Venture OneMedNet Picks Up Another $170k

screen-shot-2016-09-12-at-8-07-02-amEden Prairie health tech venture OneMedNet has received another ~$170k of equity investment as part of series of ongoing funding events.

OneMedNet specializes in the exchange of medical imaging. Their flagship BEAM software suite features an array of features for providers and patients to securely and quickly share information across a number of devices and networks.

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Who Is Rob Walling: Part 1

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screen-shot-2016-11-16-at-9-29-14-amRob Walling: serial software entrepreneur. Blogger. Published author. Podcaster. Angel investor. Conference-er. Husband and father.

After the sale of his saas marketing firm Drip to Leadpages earlier this year, Rob Walling and his family since have relocated from the West Coast to Minneapolis.

We sat down for some random questions to learn more about him:

When were you born and where have you lived?

I was born in Santa Clara, 1974, went to UC Davis for college. I lived in LA for five years, and have since lived in Boston, Connecticut, Sacramento and most recently Fresno for past seven years. My wife Sherry and our two boys (6 + 10) moved Minneapolis in July after Leadpages bought my company Drip.

What neighborhood did you settle in?

We’re living in Linden Hills – close to downtown and very family friendly.

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Minneapolis Fintech Startup Sezzle Closes On $1.8m Round

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Minneapolis fintech startup Sezzle has closed on $1.8m of financing as part of an oversubscribed round that began earlier this spring.

Sezzle is a merchant processing platform for businesses to save money on their ACH transactions while consumers receive cash back rewards for purchases.  “Works like debit, rewards like credit,” is the motto.

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Q3 Capital Review: 17 Minnesota Tech Ventures Raised ~$8m

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RedPath ContentIf Twin Cities Startup Week was the emotional high of Minnesota tech this fall, the precipitous drop of actual investment dollars for local tech entrepreneurs is a sobering reality.

Facts ruled feels in Q3 2016 when at least 17 Minnesota tech ventures experienced a cumulative ~$8m in backing, according to information collected and analyzed from July 1, 2016 – September 30, 2016.

This is the lowest quarterly figure since 2009, when ws began tracking such investment activity within Minnesota’s tech sector.

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