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


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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Bagley & Reese Are Back In The Game


screen-shot-2016-10-06-at-1-02-15-pm“After you’ve had a good exit, what do you do next?” David Bagley wonders, pausing to smile.

The veteran tech founder is fortunate to be in a position to seriously consider his  options on the table.

“Do you drift away, retire to pursue passions and restore family focus? I think all along, we knew were open to doing it again, and doing it again together,” he concludes.  “It’s what we do?!”

Across the table, friend and business partner George Reese jumps in.

“We weren’t really in place to get in too deep while at Dell given our agreement, we had to be really patient.”

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[UPDATED] Mayo-Backed Personalized Medicine Startup OneOme Raises $5.25m


[Updated 10/4 @4:30 CST – OneOme CFO Mark Sylvester says the oversubscribed round is closed at $5.25m and the company is actively selling into the market now]

Minneapolis-based OneOme has raised $530k of a $600k equity funding round, according to this SEC disclosure.

Formed in 2013, OneOme works with physicians who place orders for patient test kits that the physician administers or are sent to directly the patient and back to the lab for DNA and  bioinformatics analysis. This generates a personalized pharmacogenomic report in under 2 weeks at a cost of $249. Soon,  this process will be integrated directly into the EMR experience.

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Eagan-Based Jump Technologies Is Raising $3.5m



Jump Technologies headquartered in Eagan, Minnesota, is raising a $3.5m equity funding round with ~$1m secured according to this SEC disclosure.

Formed in 1998 and led by CEO John Freund, Jump Technologies has since gone all in on the healthcare sector with the JumpStock cloud + mobile inventory management SaaS for hospitals.

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Millions In Minnesota Angel Investor Tax Credits Free Up For 2016


angel-tax-seal-minnesotaThe Minnesota Angel Tax Credit has an additional $5.1m in funds available as of tomorrow.

Minnesota’s Angel Tax Credit provides a 25-percent credit to investors or investment funds that put money into qualified startup companies; residents of other states and foreign countries are eligible.

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HealthIT Startup OneMedNet Picks Up Another $350k In Equity

screen-shot-2016-09-12-at-8-07-02-amA few short weeks after closing in on $950k, Eden Prairie-based OneMedNet has filed discslosure of another $350k of equity financing, cumulatively $1.3m in the month of September.

Formed in 2006, 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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