At least 33 different Minnesota tech ventures received ~$46m of investment capital during the first quarter of the year according to information collected and analyzed from January 1 through March 31, 2016.
This dataset represents the most comprehensive ongoing tally of Minnesota’s tech sector funding quarter to quarter, year after year, for five years running.
It’s compiled from multiple sources as proxy of market activity, including: crowdfunding, incubators, angel investing, venture capital, corporate arm and private equity. Consider it a worse case scenario as there are always undisclosed transactions not fully factored, so the actual figures are higher, although unknown.
+Allianz Life is quietly putting together a venture arm for fintech startups, and filling two key roles: Venture Analyst & Corporate Strategic Ventures Manager.
Here’s the individual transactions & amounts that we’re seeing for Q1, if we missed anything, please leave a comment and source:
19 companies – 7,600,000 under AITC
Fideliquest – 410,000
Cloudcover – 515,000
Nimbelink – 2,500,000
Andas – 654,000
Healthsense – 2,500,000
Homespotter – 925,000
POPS! – 500,000
Adventium – 2,200,000
Four51 – 5,000,000
Prevent – 300,000
The Big Know – 3,000,000
Zipnosis – 17,000,000
Phoji – 2,000,000
Gravie – $1m from BrightStone VC