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

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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.

The largest deal of Q2 is a tie between Sport Ngin @$10m + Project CAP @$10m and the median Q2 deal is ~$150k .The smallest raise was Ruler By Default’s $6k crowdfunding win. Below is a complete list:

MESA-SPONSOR-2

5/25 – Sport Ngin – $10m

5/29 – Gruve Technologies – $100k [NIH grant]

5/20 – Geneva Healthcare – $1.8m

4/28 – RedBrick Health – $7.5m

4/28 – SpiderSuite – $150k

4/25 – Project CAP – $10m

4/16 – Healthsense – $2m

4/11 – Naiku – $1m

4/10 – Ruler By Default – $6k [kickstarter]

4/10 – Healthcare Engagement Solutions – $550k

4/7 – A Druid’s Duel – $7k [kickstarter]

4/2 – Perk Health – $400k

4/2 – TrackIF – $2m

Adestinn – $100k – UNKQ2/AITC

Agricultural Solutions – $205k

Exosite – $554k

Event Content (stealth) – $100k

Famdoo – $50k

Fision Holdings – $100k

Foodsby – $107k

ForMyChildren – $45k

FourCubed – $25k

Imbio (stealth) – $582k

Industrack – $40k

IGS – $212k

Invenshure – $140k

Irrigreen – $317k

Kidizen – $125k

Localoop – $602k

Logicstream Health – $137,500

Logistics2 – $1m

Luminat  – $150k

SynapseBlue – $35k

Mobile Dealer Data – $85k

MOTI Sports – $100k

NimbeLink – $73k

PacketPower – $50k

Patient Readiness Institute – $20k

PGx Newco / ONEOME (stealth) – $250k

Seeonic – $348k

Third Iron – $100k

Thrill On – $240k

Trustera (stealth) – $900k

Video for Athletes – $144k

Vital Simulations – $165k

Zivix – $1,095,000

VoiceIT – $50k

Volerro – $300k

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