Who’s Raising Money This Year?
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
