[UPDATED] The 2018 Minnesota Tech Funding Report: 83 Minnesota Tech Ventures Raised $609m From 88 Investors

sourced

Categories

dundee research underwriter

[Updated 1/29/2019 3:30 CST] – investors added. [Updated 1/25/2019 10:00AM CST] – charts & graphs added, top line figures adjusted.

At least 83 different Minnesota tech ventures received a combined $609 million dollars of investment capital from 88 unique investors during the year 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.

As a point of comparison: 96 unique MN Tech companies raised combined ~$333m in 2017

The top 10 largest disclosed investment rounds of Minnesota Tech in 2018:

Bright Health 200,000,000
Fintech SaaS Firm Connexeo Raises $110m PE From Great Hill Partners 110,000,000
Bind Banks $60m For On-Demand Health Insurance 60,000,000
Total Expert Raises $20m Series B 20,000,000
LEGO, Black & Decker Invest $19m Into Minnetonka Plastics Printer 19,000,000
Bloomington ERP Software Maker KeyedIn Banks $15m In Growth Equity 15,000,000
[Updated] Growing Startup Foodsby Finds $13.5m In VC For Food Delivery Service 15,000,000
Drones For Ag Startup Sentera Captures $14m Series A 14,000,000
[UPDATED] Minneapolis HQ Conservis Is Raising $20 Million For Farming Software 12,000,000
Praestan Raises $12m For Behavioral Health Software 12,000,000

 

 

Disclosed investors A-Z:

500 Startups, Arrowroot Capital, Arthur Ventures, Backstage Capital, Bain Capital Ventures, Ben Davenport, Bessemer Venture Partners, Betsy Cohen, Black Granite Capital, Bluestem Capital, Coinbase Ventures, Commerce Ventures, Continental Grain Company, Corazon Capital, CoVenture Crypto, Cross Creek Advisors, Daniel Cohen, Daren Cotter, Declaration Partners, Digital Currency Group, Drew Oetting, DSM Venturing, Ecolab, Emergence Capital, Escondido Ventures, FJ Labs, Flare Capital, Gopher Angels, Great Hill Partners, Great North Labs, Green Bay Ventures, Greenspring Associates, Greycroft Partners, Healthy Ventures, High Alpha, Invenshure, James Williams, Jim D’Aquila, Kovitz Investment Group, LEGO Brand Group, Lemhi Ventures, LRVHealth, M25 Group, Maneesh Arora, Marc Belton, Mark Addicks, Matchstick Ventures, Mayo Clinic Ventures, Meritech Capita,l Middleland Capital, Mount Sinai Ventures, New Enterprise Associates (NEA), Next Frontier Capital, Noaber Foundation, PEAK6, Pete Knight, Pete Schleider, Peter Brasket, Piper Jaffray, Prarie Care, Precursor Ventures, RAEDI, Rally Ventures, Redpoint Ventures, Rise of the Rest Seed Fund, Router Ventures, S2G Ventures, Scott Banister, Scott Burns, Seahawk Capital, Seth Peter, Seven Peaks Ventures, SMIF, Social Capital, Stanley Black and Decker, Steven London, T-Bird Capital, Target, Techstars Ventures, The House Fund, The Syndicate Fund, Tony Abena, Town Hall Ventures, Trinity Private Equity Group, Triple Tree Capital Partners, Twin Cities Angels, UHG, Village Capital Investments, Volition Capital

 

Sources:

Q1: https://tech.mn/news/2018/04/10/minnesota-tech-funding-report-q1-2018-19-ventures-raised-88m/

Q2: https://tech.mn/news/2018/07/16/minnesota-tech-funding-report-q2-2018-24-minnesota-tech-ventures-raised-163m/

Q3: https://tech.mn/news/2018/10/08/minnesota-tech-funding-report-q3-2018-26-ventures-raised-115m-from-33-investors/

Q4: https://tech.mn/news/2019/01/09/minnesota-tech-funding-report-q4-2018-19-ventures-raised-241m-from-30-investors/

Comments

Sponsors