Minnesota Tech Funding Report Q3 2017: 42 Ventures Raised ~ $59 Million



dundee research underwriterAt least 42 different Minnesota tech ventures received a combined ~$59m of investment capital during the third quarter of 2017 according to information collected and analyzed from July 1 – Sept. 30, 2017.

This research underwritten by Dundee Venture Capital provides our readers with unparalleled transparency into the funding facts that surround Minnesota’s tech industry.

It’s compiled from multiple sources as proxy of local 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.

When compared to the prior quarter, +9 companies and -$139m (the Bright Health effect), while YoY 2017 absolutely crushed 2016 Q3.