The Q4 2016 Minnesota Tech Capital Review: 38 Ventures Raised $39m


dundee research underwriterAt least 38 different Minnesota tech ventures received $39m of investment capital during the final quarter of 2016 according to information collected and analyzed from Oct 1, 2016 – Dec 31, 2016.

This research represents the most comprehensive source of Minnesota tech funding for seven years straight.

It’s compiled from multiple sources as proxy of market activity: crowdfunding, incubators/accelerators, angel investments, venture capital, corporate arm and private equity. Consider it a worse case scenario as there are always undisclosed transactions not included; therefore the actual figures are higher, although unknown.

Thank you to Dundee Venture Capital for underwriting this report that provides transparency into the marketplace.

+The largest round of Q4 goes to MedNet Solutions, which took in $16m led by Arrowroot Capital. Second and third largest belong to OneOme ($5.2m) and MyAlerts ($2m), respectively.

+Q4 2016 is up considerably from a brutal Q3, 130% more companies and 390% more dollars.

+Year over year, this quarter fared much worse than the one before it, a record Q4 2015.

+VentureNear was first MNvest portal to launch in Q4

+Silicon Prairie Online became the second MNvest portal approved

+Chicago VC Nick Solaro outlines his interest in Minnesota tech

+Gene Munster’s plans to become a VC first surface

+MedNet Solutions’ CEO Rob Robertson goes deep on the $16m round

+MyAlerts raises money to enter the recruiting space

+Welfare Watch is announced

+Foodsby scores a million for corporate food delivery service

+Lisa Crump, Joy Lindsay, and Jodi Hubler discuss their take on investing at Femtech

+OneMedNet keeps chipping away on the fundraising front

+Fintech startup Sezzle closes on $1.8m round

+DC VC Kristin Gunther shares her take on investing in Minnesota

+Healthy Ventures VC Anya Schiess talks about her investment in Sansoro Health

+BCBS of MN has a name for its venture arm: Stella

+OneOme oversubscribes at $5.25m

+JumpTech raises $1m of $3.5m round

+500 Startups descends on Minneapolis

Here’s the specifics of who raised what during Q4 2016: