Medical Alley: VC Funding Down, IPO Cash Up in 2021
19 Jan 2022
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Minnesota medical startups didn’t raise quite as much venture capital in 2021 as they did in the prior year, but they more than made up for it in capital acquired through public markets.
That’s according to the latest investment report from the Golden Valley-based Medical Alley Association, Minnesota’s health-tech trade group. The association’s startup members raised $437 million in private capital last year. That compares to $1.4 billion in VC money in 2020. At first blush, a full $1 billion drop in funding may sound like cause for concern, but the association is taking a broader view of startup funding. When factoring in funds raised through public markets, the total investment in Minnesota’s health-tech startups surpassed $3 billion, according to Medical Alley.
Click here to view the original article from Twin Cities Business.
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Tom Lambrecht