Who’s Raising Money This Year?

Who’s Raising Money This Year?

Investors open their wallets for 30 Minnesota startups.

Pandemic or not, investors are still betting on a wide variety of local startups. In the big picture, medtech and health care products remain a top category—which is no surprise, given the dominance of those industries in Minnesota. But this year’s crop of top fundraisers also includes startups in fintech, agtech, wellness, liquor, plant-based food, and fishing. (Fishtech? Well, it is e-commerce.) The companies here have raised a total of more than $325 million so far in 2021.

Branch

$48 million-Fintech platform that accelerates employee payments

Compute North

$30.1 million-Technical infrastructure for cryptocurrency mining

Sezzle

$30 million-Buy now, pay later platform for consumer purchases

Gravie  

$28.5 million-Personalized health benefits and Comfort, its own health plan

Sentera

$25 million-Agriculture mapping software

Upsie  

$18.2 million-Online consumer-product warranty platform

Flywheel Exchange

$15 million Cloud-based platform for life sciences research

Wicked Foods  

$14 million-Plant-based food brand

DyaMX

$12 million-Developing medical device treatment for Type 2 diabetes

GIE Medical  

$11 million-Fitness care and diagnostics

Soona

$10.6 million-Digital photo and video studio offering virtual product shoots

FOXO Technologies

$10 million-AI-driven proprietary biomarker technology for insurers, health researchers, and life sciences companies

Rae Wellness

$9.5 million-Produces wellness vitamins and supplements

Medical 21

$9 million-Developing artificial heart artery

Drake’s Organic Spirits

$8.1 million-Makes certified-vegan, non-GMO, USDA-certified organic spirits and specialty drinks, including boxed cocktails

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Emerging Therapy Solutions

$6 million-Manages risk for payers associated with high-cost therapies for rare conditions

75F  

$5 million-Makes smart HVAC technology

Boon Logic

$5 million-Machine learning technology

InSitu Biologics

$5 million-Developing opioid-free product for peri-operative pain control

Brother Justus Whiskey Co.

$4.4 million-Single-malt whiskey distiller and Whiskey Room operator

SynerFuse

$4 million-Makes implantable neuromodulation system to address patient pain after back surgery

Preceptis Medical

$3.9 million-Makes a device that allows for pediatric ear tube procedures without  the need for anesthesia

Marani Health

$3.7 million-Harnesses data to improve maternal and fetal health

Nokomis Energy

$3.1 million-Clean-energy developer and consultant

InterShunt Technologies

$3.1 million-Developing a catheter-based solution to reduce left atrial pressure in patients with heart failure

RxFunction  

$3 million-Makes Walkasins, a wearable device to treat peripheral neuropathy

NeoChord

$2.8 million-Developed procedure for heart mitral valve repair

BetterTime

$2.2 million-Makers of BetterYou smartphone app

Omnia Fishing

$2.1 million-E-commerce company selling fishing equipment

EmStop

$2 million-Medical devices for embolic protection