16 40 Minnesota tech ventures raised $40m+ $50m investment capital in the first quarter of 2014, according to information collected and analyzed from January 1 through March 31, 2014.
The data includes on the record activity compiled from multiple sources. This proxy of current local funding activity and trends is a worse case scenario as there are always undisclosed transactions not factored. It goes well beyond what you would read in the legacy media  — which tends to ignore a lot of startup funding (why?).