Venture capitalists invested a record $1.9B in Minnesota in 2020

31 Jan 2021

Minnesota companies attracted a record $1.86 billion in venture capital in 2020, up from $1.27 billion in 2019, in a year that also set a national record for investments in young growth companies, according to PitchBook and the National Venture Capital Association.

"The startup ecosystem played a critical role in the technology, services and health care support the country has relied on" since the coronavirus rolled through the country, the head of the venture association, Bobby Franklin, said in a statement.

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