Minnesota’s tech ventures raised $58m+ in Q4 2013


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:

11/12: Ninja Metrics – $2.8m

12/10: JAMF Software – $30m

12/3: Docalytics – $300k

12/5: Dentl – $950k

12/4: Andas – $155k

12/21: Mashalot – $200k

11/1: LiquidCool – $3.5m

11/27: KeyedIn – $1.4m

11/12: SmartThings – $12.5m

11/4: At-Scene – $50k

11/5: Sun Number – $1m

10/21: Once Innovations – $5.3m


18 Minnesota tech startups raised over $31m in Q3 2013
Minnesota’s tech startup funding hits record highs


  • Frank Jaskulke

    Fantastic way to end the year! That makes for $178 million across 205 companies in 2013. Thank you for tracking this information and congratulations to all the companies that raised money.

    • http://tech.mn Jeff Pesek

      Hi Frank, I recently reviewed a MN life sciences report – do you have a list of what companies raised what according to that report?