Funded Startups in Duluth
Duluth’s most recent funded rounds (7 entries) show a steep disclosed-amount split: the largest disclosed round is Boxlight’s $3M (2025-02-19), which sits…
Duluth’s most recent funded rounds (7 entries) show a steep disclosed-amount split: the largest disclosed round is Boxlight’s $3M (2025-02-19), which sits above all other disclosed amounts shown, while the next tier includes Rugged Road Outdoors at $6M (2024-08-05) and the remaining disclosed rounds cluster well below $1M–$3M. An outlier on the high side also appears in the disclosed set: Rugged Road Outdoors’ $6M (2024-08-05) is materially larger than Dockcase’s $130K (2023-05-15) and the sub-$1M rounds such as LHB’s $780K (2025-12-09) and Mycelx Technologies’ $920K (2024-08-23).
The geography is concentrated on Duluth, Georgia rather than Duluth, Minnesota: at least five of the seven entries are listed in Duluth, Georgia (Boxlight 2025-02-19, Mycelx Technologies 2024-08-23, Rugged Road Outdoors 2024-08-05, Dockcase 2023-05-15, Banyan Hills Technologies 2022-04-11), with the remaining two in Minnesota (LHB 2025-12-09; Life House 2024-07-16). Temporally, the list clusters around 2024: four of seven rounds fall between 2024-07-16 and 2024-08-23, spanning Community and Lifestyle (Life House, undisclosed on 2024-07-16), Energy (Mycelx Technologies, $920K on 2024-08-23), and Consumer Goods (Rugged Road Outdoors, $6M on 2024-08-05).
Most recent rounds
7 shownRelated listings
Frequently asked
What does the disclosed amount distribution look like, and are there clear outliers in Duluth?
Rugged Road Outdoors’ $6M (2024-08-05) is the largest disclosed amount in the table, dwarfing Dockcase’s $130K (2023-05-15) and other sub-$1M rounds like LHB’s $780K (2025-12-09) and Mycelx Technologies’ $920K (2024-08-23). Life House is a notable low-information point with an undisclosed amount on 2024-07-16.
Is Duluth, Georgia more represented than Duluth, Minnesota in these recent rounds?
Yes. Five of the seven rows list Duluth, Georgia (Boxlight 2025-02-19 at $3M; Mycelx Technologies 2024-08-23 at $920K; Rugged Road Outdoors 2024-08-05 at $6M; Dockcase 2023-05-15 at $130K; Banyan Hills Technologies 2022-04-11 at $3M), versus two in Minnesota (LHB 2025-12-09 at $780K; Life House 2024-07-16, undisclosed).
Which time window concentrates the most activity among the rows shown?
Four of seven rounds land in a tight 2024 window from 2024-07-16 to 2024-08-23: Life House (2024-07-16, undisclosed), Rugged Road Outdoors ($6M on 2024-08-05), and Mycelx Technologies ($920K on 2024-08-23), plus another 2024-08 entry (Rugged Road Outdoors is the second of that cluster). Outside that window, the remaining disclosed dates are 2025-02-19 ($3M), 2023-05-15 ($130K), and 2022-04-11 ($3M), plus the newest 2025-12-09 ($780K).
How often do these entries use ‘Series Unknown’ versus an explicit stage label?
Six of seven entries are categorized as ‘Series Unknown’ (LHB 2025-12-09; Boxlight 2025-02-19; Mycelx Technologies 2024-08-23; Rugged Road Outdoors 2024-08-05; Life House 2024-07-16; Dockcase 2023-05-15). Only Banyan Hills Technologies (2022-04-11) carries a ‘Venture - Series Unknown’ stage label.
Are there sector patterns worth noting, or is sector coverage broad across this list?
Sector coverage looks broad rather than concentrated: the only clearly repeatable sector label pattern is ‘Consumer’-adjacent categories (Boxlight as Consumer Electronics on 2025-02-19 at $3M; Rugged Road Outdoors as Consumer Goods on 2024-08-05 at $6M), while other sectors appear once each such as Energy (Mycelx Technologies, $920K on 2024-08-23), Information Technology (Banyan Hills Technologies, $3M on 2022-04-11), and Professional Services (LHB, $780K on 2025-12-09).
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