Plymouth IoT Venture Nimbelink Closes on $1.1m Investment

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Plymouth headquartered NimbeLink is raising a $1.5m equity round with $1.1m closed, according to this SEC disclosure.

Nimbelink was formed in 2013 by cofounders Scott Schwalbe and Kurt Larson to develop and market cellular IoT/M2M products for OEM customers endpoint solutions.

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Arthur Ventures Puts $2.6m Into Indiana Email Analytics Startup 250ok

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Via News Release

“INDIANAPOLIS – (BUSINESS WIRE) – Email analytics and deliverability company 250ok today announces a raise of $2.6 million in Series A funding. The round, led by Arthur Ventures, is to be invested into product expansion and hiring. 250ok joins Arthur Ventures’ growing portfolio of leading marketing technology companies, including Infusionsoft and Terminus.”

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[Updated] Astro HQ Blasts By Half A Million Of Crowdfunding

Updated 10/5 10:00am CST: Astro HQ has crossed the $500k/half million mark today from over 6,000 backers, making them the most successful tech kickstarter of 2017 with 2 weeks left in the campaign.

Updated 8/24 11:30am CST: Astro HQ is flying high as they breeze by a quarter million in crowdfunding capital in under 72 hours of the mission. This trajectory is faster than two previous big MN hardware wins Spark & SmartThings — both of which have sailed to great heights (and moved HQ from Minnesota to California).

Astro HQ, known for their signature design iOS app Astropad (and winning the 2015 Minnesota Cup Grand Prize), has launched a new hardware product via Kickstarter called Luna Display:

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Best Buy Pumps $2 Million Into ‘Teens & Tech’ Nonprofits

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Via News Release

“For a half-century, Best Buy has been a catalyst for the rise of technology as a means to improve virtually every aspect of our lives. As society becomes more reliant on technology, it is critical for youth to develop the necessary skills to be prepared for the jobs of the future. Over the next decade, nearly 80 percent of all jobs will require tech skills.”

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Starting 11 Wins The 2017 Minnesota Cup High Tech Division & Picks Up $30k

Three division finalists gathered last night for their moment of truth in this year’s Minnesota Cup business competition.

Judges chose daily fantasy soccer app Starting 11 as the High Tech division winner, topping Extempore (2nd) and Team Genius (3rd).

Formed in and led by cofounder/ CEO Teague Orgeman, the sportstech venture was formed by six core partners in 2015 to bring fantasy sports into the game of soccer, making it more “active and exciting.”

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