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Minneapolis is second in Midwest for venture capital dollar and deal volume

  • ​Minneapolis trails only Chicago in total number of deals completed and venture dollars invested since the start of 2017 according to startup database, Crunchbase. Hailed as a major source of innovation, startups aim to tackle problems that don’t typically have a clear solution and often don’t succeed without multiple cash injections from willing investors.

  • As added context to the Midwest’s top ten, Chicago edged out Washington D.C. for VC capital by about $250M and Minneapolis-St. Paul has received about 38 percent less funding than tech-hub Austin, TX. 

  • Of all technology avenues locally, medtech generates the most investment dollars. Much of the momentum is gained from the large number of global health-tech firms already in the Twin-Cities metro. As of the close of 2017, Bright Health was Minnesota’s most well funded VC-backed tech startup according to another source, CBinsgihts. Other local growth stories include JAMF Software, Code42, Ability Networks and RedBrick Health. 

Source: JLL Research, Crunchbase




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