Minnesota’s tech ventures raised over $145 million last year


At least 87 Minnesota tech ventures fundraised in excess of $145 million dollars last year, according to information collected and analyzed from Jan – Dec 2012.

The data includes on the record deals, whereas the actual numbers are estimated to be 25%+ higher according to many active investors who are not inclined to disclose their investment activity publicly.

Nonetheless, it’s a solid proxy of the local funding market activity and trends.  As a comparison — in 2011 63 ventures raised $126m and in 2010 that figure was around 42 / $60m.  There’s less of an “innovation contraction” in Minnesota and more of vibrant market for startups and investors, according to the facts.