Minneapolis and Minnesota

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Meet a VC: Firebrand Ventures from Kansas City

By Tom Chapman / October 3, 2019

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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Nexyst 360 Disrupting Field to Packaged Good Supply Chain

By SPN Newsroom / September 23, 2019

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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Research: State Funding Report for the Silicon Prairie

By Tom Chapman / September 16, 2019

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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Large Series A Round for Minnesota Based 75F

By SPN Team / September 11, 2019

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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Precision Farming Startup Receives Funding

By Razia Aziz-Seible / September 5, 2019

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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Ambient Clinical Analytics Receives Funding

By Razia Aziz-Seible / August 29, 2019

In late June 2019, according to the Form D filed with the US Securities and Exchange Commission, Rochester, Minnesota-based, Ambient Clinical Analytics, Inc., a spin-off from the Mayo Clinic, secured an additional $600k in debt financing. This brings the total external amount raised by the company to over $7M since it was founded in 2013.…

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Tstud ™ – saving energy has never looked so good

By Justin Krug / August 1, 2019

Roosevelt Energy Technologies, Inc., the exclusive North American licensee of the entire Tstud ™ product lineup and the Tstud ™ wall assembly, announced that it received two funding tranches totaling to $1m. $500k was allocated to the company in July; the other $500k will be given in the month of April. Roosevelt Energy offers an…

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Minneapolis-Based Upsie Raise Big Series A Round

By Aidan Chapman / July 26, 2019

Upsie, a tech company that focuses on supplying warranties for various devices based in Minneapolis, Minnesota, received $5 million in Series A Early Stage Venture funding from a group of venture capitalists headed by Silicon-Valley based tech investors, True Ventures, In May.  Upsie provides a consumer-friendly platform for the purchase of affordable warranties. Clarence Bethea, CEO said “We want consumers…

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