Minneapolis and Minnesota

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Player’s Health- the new standard of health and safety in sports

By Justin Krug / July 17, 2019

Player’s Health, provider of an injury management platform for young athletes, raised $2 million in funding last week in order to generate revenue. An athlete’s health, especially at a young age, has become a priority to coaches and parents in recent times. With their free software, Player’s Health Rehab allows the user to manage injuries…

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Reflection Sciences raises seed funding

By Aidan Chapman / June 24, 2019

Reflection Sciences announced earlier this month the reception of $1.3 million in seed funding in a round led by Edmentum, K–12 distribution partner for Reflection Sciences. The University of Minnesota’s Discovery Capital Fund and other investors participated in the round. The company’s funding, preceded by a quarter million dollars last December from angel investors, has…

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Your guide to the Heartland’s 1 Million Cups events

By Razia Aziz-Seible / June 17, 2019

1 Million Cups was developed in Kansas City, MO in 2012 by Co-Founders Cameron Cushman and Nate Olson who were working at the time on the Entrepreneurship Team at the Ewing Marion Kauffman Foundation.  What began as an experiment to bring entrepreneurs in one city together over a cup of coffee towards a goal of…

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ClickSWITCH builds new payments system, receives funding

By SPN Team / May 20, 2019

ClickSWITCH, a Minneapolis based financial payments company, has announced that they had secured $13 million Series B Funding. This round was led by Commerce Ventures and Point72 Ventures. ClickSWITCH provides a white-labeled product that helps new and existing bank customers simplify and automate direct deposits and recurring payments. Banks are excited about this technology because…

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Tractor Zoom bridges farmers and machinery auctioneers

By Laura Neesen / May 14, 2019

Tractor Zoom is the creator of a platform designed to digitally connect farmers with equipment auctioneers across North America. Founder Kyle McMahon grew up in Fairfield, a small ag community in southeast Iowa. His work ethic and love for equipment led him to start a lawn and landscaping business. He sold the business to fund…

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What is machine as a service?  Ask Milwaukee-based SteamChain

By SPN Team / April 29, 2019

Milwaukee based startup SteamChain recently raised capital for a new concept called Machine-as-a-Service (“MaaS”). MaaS is a new idea of selling industrial machines based on performance metrics collected from the machine. Basically, MaaS is a combination of technologies that allow payments and contracts to be tied to the actual performance of a machine – rather…

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Hidrate Inc. completes angel round

By SPN Team / April 25, 2019

Smart water bottle company Hidrate, based in Minneapolis, raised $700,000 in convertible debt and option financing from undisclosed investors on April 15. This round of angel funding brings the company’s total raise to nearly $3 million since its founding in 2014. The company’s Kickstarter campaign raised over $600,000, and the company produced 17,000 bottles within…

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KC-based BacklotCars raises $25 million

By SPN Team / April 22, 2019

On April 15, BacklotCars of Kansas City, Missouri announced a $25 million Series B raise. BacklotCars cars has raised more than $38 million since inception. BacklotCars provides an online mechanism for wholesale car buyers to purchase cars without going to physical locations for auctions. The company has built tools for inspections – both physical and…

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gener8tor is powering Midwest innovation

By SPN Team / April 9, 2019

gener8tor is no longer just a top tier accelerator hidden away in Wisconsin. gener8tor’s mission is to be the best partner for a community to invest in its best and brightest. gener8tor is proving this mission through its success around the SPN region – growing more multiple programs in communities throughout the Midwest. The company…

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