New York-based WISE Ventures will be targeting early and growth stage startups. So far it has invested in at least nine companies, including one from Minneapolis.
Banking + Finance
Departing employees will be provided severance and outplacement assistance, a spokesperson with the Minneapolis-based bank said.
Florida-based insurance firm Brown & Brown is set to acquire the Minneapolis-based company for a mix of cash and stock.
The story of the founding, structure, early accomplishments and direction of a venture capital startup company comprised of University of Minnesota students.
The capital will go toward accelerating Total Expert’s advancements in its banking- and lending-focused marketing software, and expand into new financial sectors.
The investment fund, referred to as “Fund II,” will be managed by the Minneapolis-based investment bank and asset management firm’s merchant banking unit.
St. Paul-based Augeo will invest money from the sale – to Lightyear Capital LLC – into other components of the business. In turn, the divested business arm will become a separate company, Augeo FI.
The deal is a first for the Minneapolis-based bank this year, and also the first acquisition it has made with CEO Andy Cecere in charge.
The Minneapolis-based medical cannabis company plans to wrap its Series D round in the coming weeks.
The two companies aim to create holistic financial retirement plans for clients.
Small business borrowers are upbeat but weigh labor shortages, rising interest rates, and new technology.
The deal will double Old National’s presense in Minnesota, a market it entered less than a year ago after having purchased local community bank Anchor Bank.
The Bloomington-based company is hoping to raise $420 million from investors, on top of a planned $100 million share purchase from two private equity firms.
The Consumer Financial Protection Bureau takes action against Wells Fargo for illegal mortgage and auto lending practices.
The Bloomington-based human resources software provider will be going public for the second time in the company’s 61-year history.
Take 12 is helping expectant moms raise money to fund their maternity leave.
The San Francisco-based bank is looking to have a more than 300,000-square-foot addition constructed to its existing parking lot to accommodate the new workers.
The community bank’s shares finished at $12.85 Thursday after two days of public trading.