Venture capital investment at $46 million in Q1-2017

April 13, 2017

MHTA — Minnesota companies raised $46 million in venture capital in the first quarter of 2017, according to data from PricewaterhouseCoopers and CB Insights.

Top industries for venture capital in Q1-2017 included:

  •     Healthcare: 3 deals worth $22 million
  •     Internet: 5 deals worth $15 million
  •     Leisure: 1 deal worth $9 million
  •     Software (non-internet/mobile): 1 deal, amount not disclosed
  •     Energy & Utilities: 1 deal, amount not disclosed.

There were 5 deals made with early stage companies totaling $20 million, 1 expansion stage deal worth $14 million, 1 later stage deal worth $9 million, 3 seed stage deals worth $3 million, and 1 other stage deal with an undisclosed value.

Last year, we released a report that examines venture capital investments in Minnesota over the last 21 years. The report draws on data from PricewaterhouseCoopers (PwC) and the National Venture Capital Association’s (NVCA) MoneyTree Report, and aims to put Minnesota’s venture capital investments in context and identify industries that stand out from the others. You can find the report here.

Stay tuned for an updated edition of the report, coming late spring/early summer.

Q1-2017 Infographic

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