LeagueSafe Bought By SportsHub

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Via News Release

screen-shot-2016-11-21-at-7-47-39-am“MINNEAPOLIS, Nov. 21, 2016 — In a move that greatly enhances its position as a full-spectrum provider of fantasy sports products and services, SportsHub Technologies, LLC announced today that it has acquired LeagueSafe, LLC, a Minnesota-based company that offers fantasy players the most trusted online payment solution for collecting and protecting fantasy dues.”

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Q1 2013 Capital Review: Minnesota tech ventures raised $28m+

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pile-of-moneyAt least 24 Minnesota tech ventures raised in excess of $28 million dollars in the first quarter of 2013, according to information collected and analyzed from Jan 1 through March 31, 2013.

The data includes on the record activity compiled from multiple sources and actual numbers are estimated to be 20%+ higher according to investors who are not inclined to disclose their investment activity publicly. While imperfect, it’s a solid proxy of current local funding activity and trends — considered a worse case scenario.

As a comparison — in Q1 2012, 24 companies raised $58.6m, heavily skewed by one anomalous $52.5m deal; a more balanced comparison would be that 23 companies raised $6.1m in Q1 2013. The largest deal of Q1 was UpdateLogic ($10.9m), followed by Cachet ($7.9m) and Conservis ($1.46m).

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Game On: LeagueSafe

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LeagueSafeDid you know that Minnesota is home to over a dozen tech companies playing in the wide world of sports?

Underwritten by TST Media, the ‘Game On’ series explores this local cluster of technology, ranging from startups to the public market.

LeagueSafe is an on-line escrow service that secures and manages fantasy leagues’ finances. In a nutshell, it’s PayPal for fantasy leagues.

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24 Minnesota tech ventures top $58m in capital raised for Q1 2012

by Zach Robins

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At least 24 early-stage Minnesota tech companies raised a cumulative $58.6m in financing according to information collected and analyzed for the first quarter 2012 Capital Review.

Excluding Code 42 Software’s behemoth $52.5m first round, 23 companies raised $6.1 million, a more balanced picture of Minnesota’s tech investment climate on record for the start of this year.

21 of those 23 raised $3.9m in capital under the Minnesota Angel Investor Tax Credit within the first 90 days of the year, so says DEED’s data. Approximately 33 cents of each dollar invested through the program went into IT, Software, web, mobile, hardware, and telecom areas.

This data set does not include off-the-record and otherwise publicly undisclosed transactions; for a comprehensive historical review of Minnesota tech fundraising over the past few years, see: 2010; Q1 2011; Q2 2011; Q3 2011; Q4 2011. If anything was missed, please leave a note in the comments section and we’ll update.
KC Associates

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MinneDemo presenters announced in anticipation of tomorrow’s sold out show

MinneDemo Winter 2012MinneDemo is a ‘geek show and tell’ where local presenters have seven (power point free) minutes to demonstrate their real, working technology products.

Produced by Minne*, the event is Minnesota’s largest and longest running demo experience.  Dozens of companies and products have come through MinneDemo over the years;  many have tasted success, others not so much.

For those who didn’t catch a ticket, we’ll have a livestream available right here on the homepage starting around 6 when these nine technologies are scheduled to demo in front of a live audience 500 strong:

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24 Minnesota Tech Ventures Raised over $34m in Q3 2011

by Zach Robins

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According to TECHdotMN’s quarterly investment review, at least 24 Minnesota technology firms received investment capital during the months of July, August, and September of 2011.

 

 

 

Total funding for the period was approximately $34.5m and was largely impacted by Consumer Agent Portal’s $18m round.  The second largest raise of $5m was received by RedBrick Health, followed by TST Media’s $3.5m Series B led by El Dorado Ventures. The remaining 21 companies raised roughly $8m combined.

The number of transactions increased by 30% over last quarter, while the aggregate funding volume was on par, indicating a decrease in average transaction size.

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Updated: 19 Minnesota Tech Ventures Raised $35m in Q2 2011

by Zach Robins

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Minnesota-tech-fundings

According to our 2011 second quarter analysis, at least 17 19 early stage Minnesota technology firms received investment capital during April, May and June.

 

Updated 8/4/11: Three additions to our Q2 2011 Minnesota tech investment analysis:

Roughly $26.5m $35m in funding was attributed to Minnesota’s high tech sector, largely skewed by health IT firm Ability Network’s $20m round $27m round.  Ability’s raise was the largest tech deal Minnesota has seen since January 2010, when Cymbet raked in $31m for thin film rechargeable batteries. The remaining 16 18 startups raised roughly $6.5m $8m combined, for an average round of $405k $445k.

When contrasted against last quarter’s analysis, both the number of transactions (-15%) (-10%) and the aggregate funding volume are down (-30%) (-8%), although the average deal size is up slightly.

This analysis supports the full spectrum of financing ($25k+), regardless of stage or definition (angel, seed, series A etc.) and many startups are currently fundraising. While we attempt to compile the most complete set of data, it remains imperfect as unreported transactions occur.

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Minnesota Angel Tax Credit at the Half: Over 17 Early-Stage High Tech Ventures Are Fed $5.5m in Funding

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masterpieceOnce again, legacy media has used the broad brush of sweeping generalizations to paint another sloppy picture of the funding activity in Minnesota’s startup community.

“But it’s one [ecosystem] that remains starved of oxygen — money. Until we get more investors chasing ideas in Minnesota…”  says the author, citing one startup’s tale that apparently represents an entire marketplace.

While it may be fair to suggest that money doesn’t chase entrepreneurial ideas around here,  the claim of starvation is patently false.  As we’ve consistently reported since day one (and recently summarized [2]), money does exist and it has a tendency of gravitating towards those ideas which are executed on.

As a counterbalance to the mainstream misinformation, we offer quantifiable evidence from one timely source that speaks to the contrary:  investor tax credits allocated through the first half of 2011 under Minnesota’s 25% angel investor tax credit program. This single source does not account for the numerous transactions conducted outside the scope of tax credits, nor unreported deals — such as a friends and family round — which usually happen when plans are still conceptual.

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