Sansoro Health Raises $8m Series B Financing

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Via News Release

“MINNEAPOLIS (August 14, 2018) – Sansoro Health, Inc., a pioneer in data integration for health care, today announced an $8 million Series B investment led by LRVHealth, with participation from existing investors Bain Capital Ventures and Healthy Ventures.

The funding will accelerate the adoption and evolution of its Emissary software platform, which facilitates robust integration of digital health applications with electronic health records (EHRs).  Sansoro Health has raised a total of $14.5 million.”

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Stella Backs Georgia Digital Health Care Startup Fusionetics

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Via News Release

“MILTON, Ga. and EAGAN, Minn., Aug. 10, 2018 /PRNewswire/ — Fusionetics, a leader in sports medicine and musculoskeletal performance health care, announced a capital investment by Stella Development, a division of the same parent company (Stella) as Blue Cross and Blue Shield of Minnesota. Fusionetics will use the capital primarily to fuel growth of its Fusionetics system in the health care sector.”

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Football Tech Startup GoRout Catches $1M in Seed Financing

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Via Twin Cities Business

GoRout LLC, a buzzworthy Rochester-based football technology startup that began as a tenant in the Mayo Clinic Business Accelerator, has raised $1 million in a seed financing round and is growing quickly, according to city leaders.

GoRout was founded in 2013 in the Mayo Clinic Business Accelerator by CEO Mike Rolih. Its communications technology for football teams is like a wearable smartphone: During practices, players sport a shockproof digital display on their forearms, enabling coaches to eliminate huddles and thus maximize their practice time, reduce mistakes and improve communication.”

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[UPDATED] The Top 15 VC Backed Tech Ventures In Minnesota Right Now

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Updated 8/20/18: Expanded range from top 10 to 15; Zipnosis & Sansoro Health moved up in ranking.

Original 5/31/18: In light of RedBrick’s recent exit (following $75m in VC funding), we are re-examining Minnesota headquartered technology companies based on the gross amount of investment capital received since inception. Excluding Private Equity (majority buyout) deals & debt financing, here are Minnesota’s 15 most funded tech firms based on public disclosure and years of reporting:

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Minneapolis Wearable Startup HabitAware Receives $300k NIH Grant

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Via News Release

HabitAware was awarded a $300,000 federal research grant from the National Institute of Mental Health to further develop and test its innovative wearable device for treating trichotillomania, a debilitating mental health disorder that involves compulsive hair pulling and affects 180 million people worldwide.”

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Fintech Startup ClickSWITCH Banks $3.5m In Series A

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Via News Release

“MINNEAPOLIS, MINN. (August 8, 2018) ClickSWITCH, a turnkey solution that simplifies the switch of recurring payments and deposits for a financial institution’s new and existing account holders, completed $3.5 million in Series A venture.

The investment round was led by Commerce Ventures, a leading early-stage, FinTech-focused firm, Betsy Cohen, founder of The Bancorp, Inc., Daniel Cohen, Chairman of The Bancorp, Inc. and Pete Kight, founder and former CEO of CheckFree Corp. Several Minneapolis-based investors also participated in the round.”

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