The 2016 Minnesota Tech Capital Review: 83 Ventures Raised $215m

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RedPath ContentFor seven consecutive years, we’ve followed the paper trail to bring clarity around the investment climate in Minnesota.

We tallied at least 83 unique Minnesota Tech ventures that raised a cumulative 215,000,000 throughout the course of 2016.

This annual review is underwritten by RedPath and Company and serves as proxy for Minnesota’s tech funding activity, including: crowdfunding, accelerators, angel investments, venture capital, corporate strategic, and private/growth equity.  This does not include off the record transactions and undisclosed deals, so consider it a minimum threshold of activity in the market.

These figures indicate a drop in both the total companies and amount raised when compared to last year when 104 ventures saw $388m. Here is the high level math for 2016, which we will unpack over the coming weeks and discuss at the Midwest Capital Call.

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Here’s a look back at previous years:

2015: 104 companies raised $388m

2014: 119 companies raised $173m

2013: 115 companies raised $182m

2012: 87 companies raised $145m

2011: 92 companies raised $126m

2010: 42 companies raised $60m

 

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