Local VC DeGroot To Startups: ‘Cashflow Management Rules Everything’

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By Seth DeGroot, BrightStone Venture Capital

“The most important activity facing any startup company is cash-flow management. Successfully managing cash-flow allows the company to reliably forecast operating budgets, and invest excess cash to fuel growth.

Cash flow is very simple; it’s the amount of cash a company either produces or consumes in a given period. In a cash-strapped situation, cash should be monitored weekly or daily basis; this period can be lengthened as the company’s cash position improves.”

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Minneapolis IoT Firm Logic PD Secures $9m Debt Funding

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Via News Release

“MINNEAPOLIS (August 15, 2017) – Logic PD, an Electronics Manufacturing Services (EMS) and Product Development solutions company for the connected digital world, announced it has reached an agreement on a new $9 million senior credit facility with MB Business Capital, a division of MB Financial Bank, N.A. MB Business Capital’s credit facility will be used to fund Logic PD’s working capital needs.”

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ilos Videos Raises $1.5m Led By Active Capital

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Via News Release

ilos Videos, a hyper-growth software company building a ridiculously simple to use video platform for the workplace, today announced it has raised $1.5 Million in Seed Round funding led by Active Capital. Others participating in the round include Ingram Content Group and Hyde Park Venture Partners. This round of funding brings ilos’ total funding to date to $3 Million with previous angel funding from private investors.”

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Q&A With Conservis CEO Sherman Black On His New Post & $9.5m Funding

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Minnesota Agtech startup Conservis reaped more money last month when they secured $9.5m in debt financing from existing investors.

It also marked the first round for new CEO Sherman Black, formerly of Qumu, who quietly replaced founder Patrick Christie last fall.

We connected with Black to hear more about what’s in store for the state’s most prominent agtech venture.

What were you doing prior to Conservis?

I retired in the fall of 2015 and that lasted for about 8 months when I realized that I wasn’t done yet. I received a call from a headhunter about this time last year to assist the founders to operationalize and scale the company. I joined as the CEO in October of 2016.

What about Conservis compelled you to get involved as the leader?

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Arthur Ventures Leads $3m Round Into Boulder-Based Stream

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Via News Release

“We are excited to announce that Stream has raised $3 million from Arthur Ventures with participation from Galvanize, Techstars, and others. This puts Stream’s total funding at $4.75 million. Stream will use this investment to expand its team and accelerate product development.”

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HealthTech Startup alska Joins TreeHouse

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Via News Release

TreeHouse Health, an innovation center designed to invest in emerging healthcare companies and help accelerate their growth, announces the addition of its latest Portfolio Company, alska, a technology platform designed to empower and support caregivers and patients for optimal health outcomes.”

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Updated: Which Minnesota Corporate VCs Are Making Tech Investments In 2017, And Where?

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A new running column tracking which Corporate VC’s are making investments into tech companies near and far this year. So far, we’ve seen 21 disclosed deals (10 of which came from the latest Target + Techstars retail accelerator class).  That leaves 11 others…

For the most up to date information on Minnesota’s tech funding climate, see the latest Halftime Report.

Updated 8/4: two additional investments added for Allianz Life Ventures.

Updated 8/7: Map

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The 2017 Minnesota Tech Funding Halftime Report

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dundee research underwriterAt least 55 different Minnesota technology ventures received a combined $250m of investment capital during the first half of 2017 according to information collected and analyzed from January 1 – June 30, 2017.

This research underwritten by Dundee Venture Capital provides our readers with unparalleled details that surround the funding facts of 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.

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Minneapolis Transplant Branch Messenger Closes $10m+ Round

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Via News Release

“MINNEAPOLIS, August 2, 2017 – Branch Messenger, Inc. (Branch), the employee communications platform that offers enterprises unprecedented access to their frontline workers at scale while also empowering hourly shift workers to manage their work lives in real-time, today announced the closing of more than $10 million in funding.”

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