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.