48 Minnesota tech ventures raised over $44m in Q2 2014


5693558-green-tree-growing-currency-with-dollar-sign-on-white-backgroundAt least 48 different Minnesota tech ventures raised $44m investment capital during the second quarter of 2014, according to information collected and analyzed from April 1 through June 30, 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.

Compared to the same period last year, a record high 62 different companies raised $65m (-20%/-32%). Versus the first quarter of 2014, there’s consistency with 40 companies raising $50m.  Overall this year, our records show Minnesota’s tech ventures have raised approximately $95m.