Minnesota Tech Funding Report Q1 2018: 19 Ventures Raised ~$88m

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dundee research underwriterAt least 19 different Minnesota tech ventures received a combined 88 million dollars of investment capital during the first quarter of this year, according to information collected and analyzed from January 1 – March 31, 2018.

This research underwritten by Dundee Venture Capital provides 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.

Quarter over quarter change: # of unique co’s: -36% / aggregated $ raised: +225%

Year over year change: # of unique co’s: -13% / aggregated $ raised:

Largest rounds: Bind – $60m; RxFunction – $7.5m; Sportsdigita – $3m

Active Minnesota investors this quarter: Triple Tree Capital Partners, Arthur Ventures, Gopher Angels, The Syndicate Fund, Lemhi Ventures, Matchstick Ventures

Active out of state investors this quarter: Backstage Capital, PEAK6, M25 Group, Village Capital Investments, Techstars Ventures

Corporate VC headlines in Q1:

On the Investor front:

IPO:

Deals by company and amount in Q1 (contact us to purchase further specific data such as investors, total company capitalization, stage, etc.)

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