Minneapolis and Minnesota
This was a relatively light week for funding announcements in the Silicon Prairie, but it was dominated by rounds from Chicago, Minnesota, and Wisconsin. Large Rounds ($10+ million) The Milwaukee Business Journal reported that Shine Medical Technologies raised $50 million in new financing from Oaktree Capital to continue to commercialize radioisotopes for medical uses. In…
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Abilitech Medical was named startup of the year at the MN Cup this week. Abilitech Medical is a medical device company that builds medical devices that improve the lives of individuals suffering from neuromuscular disorders, such as multiple sclerosis and muscular dystrophy. The company’s first product is a one-of-a-kind, upper body wearable assistive device that…
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In honor of the IO Summit, which was born out of the IO Podcast, Silicon Prairie News has compiled a list of some of our favorite podcasts from the Silicon Prairie: The Inside Outside Podcast – http://insideoutside.io/ – With over 168 episodes bringing together entrepreneurship and corporate innovation, this podcast is a regional leader in…
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The funding round up is an aggregation of a variety of sources, including Pitchbook, Form Ds, and Crunchbase. After building a list from these sources, we look for press releases and other mechanisms to provide more information. If you are would like to appear in the funding round up next week, please email us at…
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In the interest of keeping tabs on fundings on the Silicon Prairie, this week we are providing a simple funding round-up. For this round-up, we used Form Ds, Pitchbook, and Crunchbase to provide us with a list of companies that received early stage funding, venture capital funding, or grants. We have provided information regarding the…
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In August of 2016, John Fein started the process of raising a venture capital fund in Kansas City. He had a target of $7 million as his fund size and as he describes – “zero connections” to the high net worth community in Kansas City. However, he had a mission to raise and invest the…
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St. Cloud, Minnesota based Nexyst 360 filed paperwork with the SEC that it is raising $1 million in debt financing. The notice identified that the company had raised more than $510k already and was still seeking partners to finish its round of convertible debt. Nexyst 360 is seeking to create a supply chain management platform…
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2018 was a terrific year for the Silicon Prairie regarding venture dollars deployed. More than $6.1B was deployed in the region. While the number of companies receiving funds was about 8% lower (approximately 1450 companies were venture backed in the region), the amount of funding was up more than 34.5% from 2017 to 2018. Thus,…
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Last week, Twin Cities based 75F announced that the company had raised more than $18 million in a Series A round of financing led by Breakthrough Energy Ventures and Oil & Gas Climate Initiative. Building Ventures, Revolution, and Clean Energy Trust participated in the round. The company was founded in 2012 and has been slowly…
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Winnebago, Minnesota-based AgTech-startup, Aker Technologies (formerly Leading Edge Technologies), announced on August 27th that it has raised equity financing of $2.6M to further develop its crop diagnostics and analytics platform, specifically its TrueCause™ and Aker Pest Network™ services. The company also recently set up offices in Creve Coeur, Missouri, part of Greater St. Louis, to…
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