Minnesota Tech Q4 2014 Capital Review: 10 Ventures Raised $34m

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5693558-green-tree-growing-currency-with-dollar-sign-on-white-backgroundAt least 10 different Minnesota tech ventures received $34m in funding during the fourth quarter of 2014, according to information collected and analyzed from October 1 through December 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.

During the same period last year, 12 ventures raised a cumulative $58m; versus the previous quarter of 2014 – both the volume of unique firms and the aggregate raised is down (-50% & -25%).

Cologix_TechdotMinAd_12_20142The largest deal of Q4 was a tie between Healthcare.com and RedBrick Health, each with $7.5m rounds. Below is a complete list:

12/12 – Total Expert – $500k
12/10 – Qterics – $7m
12/9 – Luminat – $2.3
11/30 – 75f – $1m
11/21 – Zipnosis – $1.5m
11/11 – Healthcare.com – $7.5m
11/10 – Kidizen – $500k
11/5 – LeadPages – $6m
11/28 – Buzz360 – $385k
Q4 UNK – RedBrick Health – $7.5m

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Q3 2014 Capital Review: 21 Minnesota tech ventures saw $45m+
Minnesota’s tech ventures raised $58m+ in Q4 2013

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