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Sezzle nabs funding for low-fee payments processing

Financial-technology startup Sezzle has wrapped up a $1.85 million round of funding as it prepares to launch a payments-processing product for retailers. Read more at the Minneapolis-St. Paul Business Journal.

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Minneapolis data start-up Sport Ngin is acquired by NBC Sports

Minneapolis start-up Sport Ngin has been sold to NBC Sports Group, capping years of rapid growth and plentiful financing for the software company.

Read more at the StarTribune.

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Twin Cities startup with record VC haul bags another $46M

Med-tech company CVRx Inc., which has bagged more venture funding than any company in Minnesota history, has closed on $46 million in equity financing and landed commitments for another $25 million.

Read more at the Minneapolis-St. Paul Business Journal.

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Target + Techstars retail accelerator names first class of startups

Startups developing online wedding registries, apps for supply chain inspectors and interactive games are among the 10 companies picked to participate in the Target + Techstars retail accelerator program.

Read more at the Minneapolis-St. Paul Business Journal.

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When I Work attracts $15 million in venture capital, may move to Minneapolis

When I Work Inc., the St. Paul software firm whose app is an increasingly popular tool for scheduling work at small businesses and temporary jobs, just attracted $15 million in new venture capital, the company said this morning.

Read more in the Star Tribune.

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Med-tech partnership promotes Minnesota as a place to do business

Studies show that Minnesota offers many advantages for medical technology companies, but industry will need future investments in trade promotion, local workforce engagement and strong supplier networks to keep its edge in the ever-changing global field.

Enter the Minnesota Medical Manufacturing Partnership. The multi-stakeholder public-private MMMP, led by economic development group Greater MSP, was formally launched Tuesday as a means to increase Minnesota’s reputational standing among potential med-tech investors and to give local projects an advantage with 11 federal agencies that coordinate more than $1 billion in economic development assistance.

Read more at the Star Tribune.

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Bright Health Raises $80 Million In Venture Funding

Bright Health, a Minneapolis-based insurance startup, announced that it had secured $80 million in venture funding. Read more at Twin Cities Business Magazine.

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Target accelerator gets applications from more than 500 startups

More than 500 startups from 32 states and 45 countries applied to be admitted to the Target + Techstars retail accelerator program.

The accelerator will name 10 winning companies that will move into 8,000 square feet of space at Target Corp.’s Minneapolis headquarters this summer, where entrepreneurs will get mentoring from Target executives and Techstars.

Read more at the Minneapolis-St. Paul Business Journal.

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Minnesota is tops in med-tech deals

Midwest health care startups raised $1.5 billion in 2015 with Minnesota leading the region, according to a report from Cleveland-based nonprofit BioEnterprise. Learn more at the Minneapolis-St. Paul Business Journal.

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Real Estate Software Developer HomeSpotter Raises $925K

HomeSpotter, a mobile applications developer for real estate agencies, closed a $925,000 funding round on Friday. Read more at Twin Cities Business

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Health care startup RetraceHealth raises funding from HealthEast, Blue Cross

RetraceHealth, a health care startup that offers patients video and in-home visits with nurse practitioners, has closed on a funding round led by two Twin Cities health care organizations and McKesson Corp.’s venture arm.

Read more at the Minneapolis-St. Paul Business Journal.

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The Big Know Raises $3 Million in Series A Funding

The Big Know announced that it has raised $3 million in Series A funding, following a highly successful launch in October. Led by LFE Capital, the financing includes investor Steve Shank, founder of Capella Education Company. The new investments will accelerate the company’s growth through the addition of talent and technology capabilities supporting the company’s vision of creating a new model for consumer engagement: “Brand As Teacher.”

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Learn to Live Raises $1 Million Round of Funding Led by Blue Cross and Blue Shield of Minnesota

Learn to Live — a Minnesota online Cognitive Behavioral Therapy company — has raised over $1 million led by Minnesota’s largest health plan, Blue Cross and Blue Shield of Minnesota (Blue Cross). Blue Cross contributed a significant share to the raise, with additional funds coming from TreeHouse Health, Matchstick Ventures and several angel investors, including Daren Cotter, CEO of InboxDollars.

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Congress passes tax package, includes extension of R&D Tax Credit and suspension of medical device tax

With the end of 2015 approaching, federal lawmakers passed a $650 billion federal tax package. The package includes, among other provisions, a permanent extension of the federal research and development (R&D) tax credit and a two-year suspension of the medical device tax. These provisions are great news for Minnesota’s high-tech and medical technology communities.

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Applications open for Target and Techstars retail accelerator program

The application process for the Target and Techstars retail accelerator program is now open. The Techstars Retail Accelerator will launch next year and will open the doors to any startup that aspires to improve the retail experience, whether online, in-store or a combination of both.

The partnership, which will seek innovations that address all aspects of retail, will have a powerful impact on the Minneapolis / Twin Cities startup community. The area was recently named by Forbes as one of the fastest growing for tech jobs in the U.S. and Target’s investment in building the startup community will only accelerate this growth.

The Techstars program, a three-month, immersive, mentorship-driven startup accelerator, will be based near Target’s headquarters in downtown Minneapolis, MN.

Applications are due in March. Click here to apply. For more information, visit Target’s website or the Minneapolis-St. Paul Business Journal.

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Astro HQ named overall winner of the Minnesota Cup

Astro HQ was named the grand winner of the 2015 Minnesota Cup at the Final Awards event on September 9. Astro HQ’s product is Astropad, an app that transforms an iPad into a professional graphics tablet for the Mac, allowing artists to use their iPad to draw directly into Photoshop and any other Mac creative tools they know & love.

The Minnesota Cup is a premier resource for Minnesota entrepreneurs. Minnesota Cup supports emerging entrepreneurs from across the state through events, educational programming and an annual new venture competition that provides them with tools, resources and support to launch and accelerate the development of their new ventures. The competition inspires entrepreneurs to begin their startup journey, supports them as they develop a solid business plan, provides exposure for their ideas and offers numerous opportunities to expand their networks.

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TrackIf Raises $5 Million To Fuel Its Growing Customer Centric Marketing & E-Commerce Solutions

TrackIf, a leader in online tracking and intelligent alerting for future purchase intent, today announced it has raised a $5 million Series A financing round, co-led by Origin Ventures and Grotech Ventures. Existing investor Chicago Ventures also participated.

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Minnesota Cup names three finalists in High Tech Division

The Minnesota Cup named the three finalists in their High Tech Division at a reception on August 5 at the Minneapolis offices of Gray Plant Mooty. The three finalists were AstropadPrevent Biometrics, and Kipsu.

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Minnesota companies featured on Inc. 5000 list

Inc. Magazine has released the 2015 Inc. 5000 list, featuring the 5000 fastest growing private companies in the United States. The list features 100 Minnesota companies, many of which are in science and technology. You can learn more about the Inc. 5000 and see the other Minnesota companies who made the list by visiting Inc.com

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Minnesota is the fastest-growing state for tech jobs

Recent data from the US Bureau of Labor Statistics shows that Minnesota is the fastest-growing state in the country for tech jobs with a 8.36 percent increase over the past six months to 37,600 workers. Utah and Nebraska came in second and third on the list of fastest-growing states, with six-month tech-employment gains of 5.75 percent and 5.22 percent, respectively. This information was first published on technology career website dice.com.

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