Funded Startups in Minnesota
Disclosed deal sizes in this Minnesota set cluster mostly in the $1M–$175M range, but one outlier stands out: ALT5 Sigma Corp’s $1.5B round on 2025-08-11 d…
Disclosed deal sizes in this Minnesota set cluster mostly in the $1M–$175M range, but one outlier stands out: ALT5 Sigma Corp’s $1.5B round on 2025-08-11 dwarfs the next-largest disclosed amount, SharpLink’s $413M on 2025-07-15. Sector-wise, healthcare and life sciences are prominent: 12 of the 50 rows are tagged Health Care (e.g., Laplace Interventional $22M on 2025-03-16; Gem Health $7M on 2024-10-16), while Biotechnology appears in 5 rows (e.g., AL5T Sigma Corp $1.5B on 2025-08-11; HistoSonics is Health Care on 2025-08-07).
Geographically, the activity concentrates in Minneapolis: 16 of the 50 rows list Minneapolis addresses (including Refr Sports $260K on 2025-11-09 and SharpLink $413M on 2025-07-15), with additional spread to nearby metros like Eden Prairie, Plymouth, and Minnetonka. Temporally, rounds span 2024-09-18 through 2025-11-09 (Refr Sports), and the “recent” window is dense: several disclosed rounds land in mid-to-late 2025 (e.g., Vertical Malt $2M on 2025-08-26; Visana Health $24M on 2025-08-13; Niron Magnetics $52M on 2025-01-21). Stage labels are also skewed toward incomplete data: 36 of 50 rows are “Series Unknown,” and 2 rows are explicitly “undisclosed,” with those undisclosed amounts appearing in Docsi (2025-08-07), HistoSonics (2025-08-07), MDI (2024-10-24), Marani (2024-10-09), and Senior Community Services (2024-09-18).
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Frequently asked
What’s the largest disclosed round in the Minnesota list, and how does it compare to the next-largest disclosed amount?
ALT5 Sigma Corp’s $1.5B disclosed round on 2025-08-11 is the clear outlier. The next-largest disclosed amount is SharpLink’s $413M on 2025-07-15, which is far below ALT5 Sigma’s disclosed size.
Are there noticeable geographic clusters by city, or is the distribution spread across Minnesota?
Minneapolis is the most frequent city in this set: 16 of 50 rows list Minneapolis (e.g., Refr Sports $260K on 2025-11-09; SharpLink $413M on 2025-07-15; Player’s Health $60M on 2024-12-11). Other cities recur too, but none match Minneapolis’s count level (e.g., Plymouth, Eden Prairie, and Minnetonka each appear less often).
Which sectors appear often enough to suggest a pattern rather than one-off funding?
Health Care is the most represented sector with 12 of 50 rows (examples include Laplace Interventional $22M on 2025-03-16 and Nice Healthcare $7M on 2025-06-24). Biotechnology appears in 5 rows (ALT5 Sigma Corp $1.5B on 2025-08-11; Luminary Therapeutics $6M on 2025-03-11; FOXO Technologies $2M on 2025-06-04).
How heavy is “Series Unknown” in this dataset, and does that affect stage-based analysis?
Stage data is missing for most entries: 36 of 50 rows are labeled “Series Unknown.” Additionally, 2 rows explicitly show “undisclosed” amounts (Docsi on 2025-08-07 and HistoSonics on 2025-08-07), so any stage-and-size segmentation has gaps.
What does the time window look like, and are there any dense periods near the top of the list?
Rounds span from 2024-09-18 (Senior Community Services, amount undisclosed) to 2025-11-09 (Refr Sports $260K), with multiple entries clustering in 2025. Mid-2025 is particularly active in this snapshot: for example, rounds fall on 2025-08-07 (Docsi and HistoSonics, both undisclosed) and 2025-07-15 (Brother Justus Whiskey $10M and SharpLink $413M).
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