Minnesota-based Starting 11 Scores $5M Investment

by Valerie Lockhart

Starting Eleven IndiaGlobal is the name of the game for local startup, Starting 11. Since they were founded in 2016, they have been on an upward trajectory, which has just landed them a $5M investment from international company, Brand Capital. In a twist of fate, Starting 11 was given an opportunity through Forge North to attend the 2019 Collision conference in Toronto. There, founders Amanda Heyman and Teague Orgeman had a conversation with a rep from Brand Capital International. As Orgeman said, “The Collision experience was an amazing opportunity at critical time for our company.” Today, that conversation has paid off and Starting 11 is well on their way to becoming a major player in the fantasy-sports market in India, which is the fastest growing in the world.

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Total Expert Announces $52 Million in Series C Funding

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Via News Release

Total Expert, the leading marketing and customer engagement technology platform for banks, lenders and financial services, today announced it has raised $52 million in Series C funding. The round was led by Georgian Partners with participation from Emergence and Rally Ventures, bringing Total Expert’s total funding to $86 million.

 

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U.S. Department of Defense Makes Major Investment in Minnesota-Based Technology Foundry, SkyWater

by The TECHdotMN Team

SkyWaterBack in 2017, SkyWater was a startup making a play at sparking a resurgence of chip manufacturing in the U.S. The Bloomington-based company announced that the U.S. Department of Defense will invest up to $170 million in a multi-phase project to enhance the firm’s microelectronics capabilities. 

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Applications Open This Month for Startup Funding from Launch Minnesota

by The TECHdotMN Team

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Launch MinnesotaIf your startup is based in Minnesota and is less than 10 years old with under $1 million in revenue you could be eligible for a grant from the new Minnesota Department of Employment and Economic Development (DEED) program that’s earmarked $2.5 million a year for local entrepreneurs. 

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Soona and Matchstick Ventures Partnership Showcases Human-centered Approach to Investing

by Valerie Lockhart

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Soona receives human-centered investment from Matchstick Ventures

Last weekend Matchstick Ventures announced a $30 Million Fund II. One of the investors’ most recent successes is local startup, Soona. The Soona journey began in the Techstars Boulder accelerator. This is where owner, Liz Giorgi, met Ryan Broshar of Matchstick Ventures, while he was offering mentoring services to the program. The two found an immediate connection in each other because both are from the Twin Cities. Neighbors meeting in a distant land, and both dedicated to entrepreneurship, they became fast friends. Giorgi described her experience with Techstars as an opportunity to “expedite the process of stabilizing” her business. “It not only helped me in the building of my business, but more importantly, it accelerated my leadership.”

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New Minnesota-based Fund has $225 Million to Invest in Young Med-tech Companies

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Via the Star Tribune

“Two longtime West Coast investors in medical technology, Kirk Nielsen and Dr. Justin Klein, have joined to launch a new firm in Minnesota called Vensana Capital. Despite the challenging environment facing early-stage med-tech companies, Vensana announced this month that its inaugural fund, Vensana Capital I, has attracted $225 million in committed capital with plans to invest in a dozen or so medical-technology companies. “

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Matchstick Ventures Announces a $30 Million Fund II

by Jac Stark

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Minnesota investor Matchstick Ventures announced today that they have raised a second fund of $30 million. The tech-focused fund supports early-stage software companies in growing and underserved startup ecosystems including those sprinkled across Minnesota and the North region, Colorado and the Rockies, and companies across the Techstars ecosystem. Read More »

Marketing Architects Launches Zoomworks Ventures Focusing on Marketing Tech

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Via News Release

Zoomworks_logoMINNEAPOLIS–(BUSINESS WIRE)–Marketing Architects, a Minneapolis based advertising agency, has launched Zoomworks Ventures, a corporate venture capital arm that will focus exclusively on marketing technology and media startups. Zoomworks will leverage Marketing Architects’ 22-year history of internal innovation that has placed the advertising agency at the forefront of developing disruptive marketing technologies to improve clients’ bottom line.

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