Smart Energy IoT Startup 75F Raising $15 Million

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Via Minneapolis/St. Paul Business News – Maddy Kennedy

“Burnsville-based 75F, a startup creating sensors to heat and cool buildings more efficiently, has raised $7.5 million in a planned $15 million round, according to an SEC filing. The current funds were raised from one investor, the filing states. 75F could not be reached for comment on the round.”

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Disruptive Payment Solution Sezzle Completes Initial Public Offering On Australian Exchange

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Via News Release

Sezzle“MINNEAPOLISJuly 30, 2019 /CNW/ — Sezzle, Inc. (ASX: SZL), the highest consumer-rated interest-free installment payment solution, today announced it is now a publicly-traded company on the Australian Securities Exchange (ASX). The capital raised will fund Sezzle’s continued focus on identifying and capturing future growth opportunities through the expansion of Sezzle’s retail merchant base and product offering, including funding for product development and engineering, sales and marketing, data sciences, merchant and customer support, and general administration.”

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Perforce Software Receives Investment From Francisco Partners To Accelerate Growth

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Via News Release

Image result for Perforce MN logo“MINNEAPOLIS and SAN FRANCISCO and SANTA MONICA, Calif., July 8, 2019 /PRNewswire/ — Perforce Software, Inc. (“Perforce” or the “Company”), a market leading provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility, and scale during all phases of the development lifecycle, today announced it has closed on the significant new equity investment from Francisco Partners, a global technology-focused private equity fund. The firm joins Clearlake Capital Group, L.P. (“Clearlake”), which initially invested in Perforce in late 2017. The Company will continue to be led by the Chief Executive Officer, Mark Ties, and the current management team, who invested alongside Clearlake and Francisco Partners in the transaction.”

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Traive Announces $1.3 Million in Seed Round Funding

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Via News Release

Traieve logoTraive, an ag-fintech that unlocks credit to farmers using a proprietary Machine Learning-based credit risk assessment, announced that it has raised $1.3 million in Seed Round funding.

The new funding comes from The Syndicate Fund (“TSF”) and a mix of investors from the United States, Australia, and Brazil, and will allow Traive to go after the ever growing agricultural lending market. “The wide range of investors and their deep understanding of agriculture and finance symbolizes the need for this type of solution in many different markets.” said CEO and Co-Founder Fabricio Pezente.

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Reprise Biomedical Raises $12.5 Million and Completes Spin-off From Miromatrix Medical

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Reprise Biomedical.png“Minneapolis, Minn. (July 1, 2019) – Reprise Biomedical, Inc., a Minnesota-based startup focused on commercializing biological medical devices manufactured using a proprietary perfusion decellularization technology, has successfully completed a $12.5 million private placement and commenced operations as a spin-off from Miromatrix Medical Inc.”

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Player’s Health Closes Series A Investment Round to Transform Risk Management and Insurance in Amateur Sports

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Via News Release

Image result for Player's Health Logo“Minneapolis, July 1, 2019 – Player’s Health has secured funding to support growth and capitalize on existing and new opportunities. The investment was made by Eos Venture Partners, a specialist insurance venture capital investor with offices in London and Philadelphia and Boston-based Sports-Tech focused investor Will Ventures.”

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Minnesota Cup Winner MicroOptx is Raising $16.8M

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Via Minne Inno

Image result for MicroOptx logo“MicroOptx, a medical device company that won the Minnesota Cup’s grand prize in 2017, has raised $13.8 million in a planned $16.8 million round, according to an SEC filing. The company raised the $13.8 million from 48 investors, the filing states. MicroOptx could not immediately be reached for comment regarding its plans for the new funding. Maple Grove-based MicroOptx makes a device for treating glaucoma, a condition that causes damage to the optic nerve and results in vision loss. The company offers a tiny implant that aims to reduce pressure on these nerves.”

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Minnesota’s Angel Tax Credit Returns

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Via Twin Cities Business

“Minnesota’s ‘angel tax credit’ program for startup investors is back. The Minnesota Department of Employment and Economic Development (DEED) has announced that it will begin accepting applications for the program on July 1. The state has pledged to provide $10 million in tax credits this year. Another $10 million has been authorized for 2021.The angel tax credit program provides a 25 percent credit to investors who provide capital for tech-focused startups. DEED says the program is intended for startups focused on ‘high technology, new proprietary technology, or a new proprietary product, process, or service in specified fields.'”

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OnRamp Insurance Accelerator Announces 2019 Cohort

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Via News Release

“MINNEAPOLIS-ST. PAUL – June 24, 2019 – The OnRamp Insurance Accelerator welcomed five teams from around the world to the Twin Cities for its inaugural cohort. Rigorously selected by the gener8tor team from a pool of 545 applications, the five teams represent a diverse mix of founders and industries.”

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Great North Labs Raises One of The Midwest’s Largest Seed Funds

by Jac Stark

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Midwest-based, early-stage venture fund, Great North Labs, announced the close of its first funding round this morning with $23.7M in committed capital. Focused on cultivating the next generation of tech startups across the Upper Midwest, this is one of the largest debut seed funds the region has ever seen.

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