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Midwest Funding Report

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Midwest Funding Report: Feb. 7th – Feb. 13th

The Funding Roundup is a weekly note about companies that raised venture capital.  We use four sources – 1) those that are sent to us via press release (hello@mug.news), 2) Form D filings in the sixteen states that we cover, 3) Databases to which we subscribe (particularly Pitchbook, Crunchbase), 4) Other sources (such as SBIR grant database).  The goal of the funding roundup is to provide a quick synthesis of companies that are actively raising money.  This is not a value judgment placing VC backed companies over bootstrapped – only a recognition that VC backed companies often file paperwork that puts them on our radar.

For those of our readers who are not presently in the Middle, it is really cold here.  Thus, it should be no surprise that the community that embraces the cold, unlike any other Middle community, the Twin Cities had a big week.  As the cold front moved in, the Minneapolis area heated up.  Two big fundings this week in MSP – NeoChord which provides an innovative surgical process to heart patients with a regurgitating mitral valve and Compute North which is a blockchain service company – focusing on mining and hosting operations.  So, pretty much the same thing.  

These differences represent the beginning of the diversity of the middle with many healthcare, software, and product companies emerging every week.  The Middle is ripe with many opportunities for investors and entrepreneurs alike.

Over $10 million

  • NeoChord – St. Louis Park, Minnesota – $37.9 million
  • Compute North – Eden Prairie, Minnesota – $25 million

$2-10 million

$500k-2 million

Under $500k

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