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Medical device venture capital dominates suburbs while medical software lands in CBD

​Closing out 2016, Minnesota’s venture capital-backed medical technology economy ranked 2nd in the country, only bowing to tech mecca San Francisco. 

Among the 30 largest, venture capital investments, the top eight spots were awarded to medical device engineering and manufacturing firms. Medical software appears next at ninth place in the rankings.

The top three VC deals included Brooklyn Park-based CVRx ($93M), Plymouth-based Entellus Medical ($40M), and Maple Grove-based Inspire Medical ($38M). 

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