The TECHdotMN Quarterly Capital Review is a comprehensive look at all things money in Minnesota tech every quarter.
For five years running, we’ve been following the paper trail to bring clarity around Minnesota’s investment climate. The review serves as proxy for private funding activity, including: crowdfunding, incubators, angel investments, venture capital, corporate strategic and equity.
At least 23 different Minnesota tech ventures received
$75m$67m of investment capital during the third quarter of 2015 according to information collected and analyzed from July 1 through September 30, 2015.
Let’s take a closer look at what happened in Q3 2015:
+Q3 saw a drop in unique companies represented when compared to the previous quarter (40 to 26), but was on par in terms of aggregate dollars invested ($72m vs.$73m) [source: Q2 2015 Capital Review].
+Looking at the same period last year (YoY), both the number of companies and their total fundraisings were higher.
+Sofia Fund 2 capped out at $5.5m for female-led startups.
+Minnesota’s angel tax credit was absent this quarter, although a few million more rolled over at the end of September into October.
+A 3rd party report says Minnesota ranks 4th in the sahre health care VC dollars nationwide.
+Saunders Dailey unvieled an online fundraising platform exclusively for accredited real estate investors.
+The big unknown was just how much Parker Hannifin put into Exosite – therefore not factored in the gross dollar figure for this report.
…and here’s the hard data. Consider this a worse case scenario as there are always undisclosed transactions not fully factored. Publicly traded companies are not included.