At least a dozen private tech companies in Minnesota collectively fundraised $58m during the fourth quarter of this year, according to information collected and analyzed from the period of October 1 – December 31, 2013.
The data includes on the record activity compiled from multiple sources, although actual numbers are estimated to be higher by investors who are not inclined to disclose their activity. While imperfect, it’s a solid proxy of current local funding activity and trends — consider it a worse case scenario.
The dollar amount is nearly doubled from the previous quarter yet on par with same period last year; the largest rounds of this term include JAMF Software – $30m, SmartThings – $12.5m, Once Innovations – $5.3m. Below is a list of those on record: