Optum Ventures, the corporate investment arm of UHG’s Optum division, has significantly expanded the amount dry powder available to “invest in early-stage companies that are poised to disrupt the status quo.”
In this running column, we are tracking which Minnesota corporations are making strategic investments into tech companies near and far. Updated as of 4/16/2018 & leave a comment if we’ve missed anything…
Via News Release
“MINNEAPOLIS, April 12, 2018 — Techstars alum, Local Crate, announced today it has raised $1.4 million in a Seed funding round led by Midwestern based firms The Syndicate Fund, Matchstick Ventures, M25 Group, and Router Ventures.
Additionally, a select group of Minnesota angel investors contributed. Local Crate will use the funding to fuel market and channel growth, expanding its vision to build out the first locally-driven food platform on a national scale.”
Via News Release
“Minneapolis, MN; April 10, 2018 – Edmentum, a global education leader and a pioneer in online teaching and learning solutions, has raised $25 million in incremental financing from New Mountain Finance Corporation and Tennenbaum Capital Partners.
The financing will allow the extension of the company’s debt maturity and comes at a time of escalating growth, perpetuated by well-performing Edmentum programs under the leadership and vision of CEO Jamie Candee.”
At 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.