Foodsby Raises $6M To Expand

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Screen Shot 2017-03-10 at 2.22.35 PMBy Katharine Grayson, Minneapolis-St. Paul Business Journal

Foodsby, a food-delivery startup that targets office buildings, has closed on a $5.9 million round of venture capital as it prepares to expand into additional cities and ramp up hiring.

The Series A round was led by New York-based Greycroft Partners; Rally Ventures, which has offices in Minnetonka and California; and Corazon Capital, a Chicago-based venture firm launched by the former CEO of dating website OKCupid.”

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TechStars + Target Retail Alumnus Addstructure Closes $1.4m Led By Dundee

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Via News Release

Screen Shot 2017-02-27 at 2.06.29 PM“CHICAGO — ADDSTRUCTURE, a pioneer in rapid natural language search and shopping, today announced a $1.4 million round of seed funding led by Dundee Venture Capital with participation from Techstars Ventures, Best Buy, and Matchstick Ventures.

The Chicago-based company is building a white label voice search system designed to offer major retailers functionality comparable to voice shopping with Amazon’s Alexa or Google Home, from any device.”

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Mayo Clinic Backs AI Nurse Startup Sense.ly

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By Lora Kolodny, TechCrunch

“San Francisco startup Sense.ly has raised $8 million in a Series B round of venture funding to bring its virtual nurse technology to clinics and patients of every kind. The company’s app helps physicians stay in touch with patients, and prevent readmission to the hospital. Chief Executive Officer and founder of Sense.ly, Adam Odessky describes the platform as “A cross between Whatsapp and Siri that captures all the important signals about a person’s health.”

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NetGain CEO Scott Warzecha On The $25M Capital Raise

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SWLate last month, St.Cloud-based Netgain announced receiving $25m in a majority strategic stake from Bluff Point Associates, a private equity firm focused on the healthcare IT and financial services space.

We spoke with founder and CEO Scott Warzecha about the past, present and future for Netgain:

When and how did Netgain form?

I founded Netgain in January of 2000 as a pure play application service provider (ASP) because I realized that St. Cloud had a lot of fiber optic available.

For the first time ever, in this area at least, we were able to use this to access our data centers and do things never done before.

My original business plan included about 25 employees and was really just focused on the area, which we were concentrated on back in the beginning.  An early salesperson really helped us break into the healthcare industry, which has become our specialty today and really expanded the geographic scope of Netgain.

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Eric Martell Is Gener8tor’s New Managing Director In Minnesota

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mw_ey_EricMartellEntrepreneur Eric Martell is the new of face of gener8tor Minnesota, replacing Mark McGuire, who has since co-founded a startup of his own.

As the Managing Director of gener8tor Minnesota, Martell is taking over for gener8tor’s gBeta ‘pre-accelerator’ program and also spearheading the introduction of an actual fund + accelerator in Minneapolis slated for mid-2017

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