Plymouth-based HistoSonics Inc. says it’s one step closer to the commercial launch of its tumor-destroying device. Last week, the medical technology startup announced that it has raised $100 million in
Tag: Funding
Golden Valley-based food giant General Mills aims to tackle food insecurity with its latest investment. Last week, the company was named as an investor in a $42 million funding round
Chanhassen-based Alpheus Medical has raised $14 million to advance its development of sonodynamic therapy (SDT) to treat large aggressive brain tumors. Founded just a year ago, in 2021, Alpheus specializes
The state of Minnesota aims to give entrepreneurs another path to secure venture capital dollars. At a press conference on the University of Minnesota Twin Cities campus on Wednesday, state
The Minnesota Department of Employment and Economic Development (DEED) on Tuesday announced it has awarded $1,189,500 in Launch Minnesota innovation grants to startups across the state. Of those 43 startups,
It’s been a good week to work in cybersecurity. On Thursday, Eden Prairie-based cybersecurity firm Arctic Wolf announced it has closed on $401 million worth of "convertible notes.” They’re essentially
Minneapolis-based cybersecurity firm NetSPI has pulled off one of the largest raises in Minnesota this year. On Wednesday, the company announced that it has secured $410 million from New York
Minneapolis-based startup Wicked Kitchen now counts Emmy Award-winning actor Woody Harrelson among its investors. Last week, the plant-focused food company announced that it has landed $20 million in "bridge funding"
A Minneapolis biotech startup focused on tumor detection has pulled in $21.5 million in a Series B financing round. Known as Vergent Bioscience, the startup is developing a fluorescent imaging
In December of 2020 I had made a total of zero investments in the local startup community. As of the end of August, Groove Capital—my investment company—had made 40-plus investments,
The MN Cup competition is a right of passage for homegrown startups in Minnesota. It’s a great opportunity to network with peers and get feedback on your business from industry
In mid-June, hundreds of people gathered on a Thursday night at the Mendakota Country Club in Mendota Heights to celebrate the 90th anniversary of Mairs & Power. The investment firm,
A quartet of med-tech pros has established a new venture capital firm that promises to shake up the investment world. Known as Engage Venture Partners, the Minneapolis-based firm plans to
Small businesses have felt the weight of the pandemic and Comcast is looking to help lighten that load through its third round of the Comcast RISE Investment Fund initiative. The
When you work in the business of transformation, it’s only natural to be inspired by your own advice. After 15 years of providing creative and strategic counsel—launching brands, loyalty programs,
In December, Eden Prairie-based Itiliti Health announced a $2 million round of seed funding. It was one of 175 venture capital deals in Minnesota in 2021, and certainly not one
Great North Ventures straddles the line between a standard venture capital firm and an incubator of sorts. Founded in 2017, the company has funded 27 startups, two of which launched
In the last two years, I’ve learned two truths about angel investing in Minnesota: 1) There is an energized and growing community of angels actively investing in local deals, and