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Minnesota in the News

Minneapolis startup raises $30 million for hospital-at-home technology

Sept. 20, 2023 – Star Tribune
"Inbound Health, which announced the series B funding on Wednesday, is commercializing a system that was first developed at Minneapolis-based Allina Health System …."

MN Cup grand prize goes to Carba

Sept. 19, 2023 – Twin Cities Business
"Minnesota’s largest startup competition presented its top award to the Minneapolis-based developer of a reactor that removes carbon dioxide from the atmosphere …."

Laborie buys Urotronic, maker of med-tech device for prostate

Sept. 06, 2023 – Minneapolis/St. Paul Business Journal
"Urotronic Inc., a Twin Cities medical-technology startup that's developed a device to treat urological disorders, has been acquired by Laborie Medical Technologies Inc. in a deal that could be worth as much as $600 million …."

Chemical startup has $90M plan for Minnesota

Aug. 29, 2023 – Finance & Commerce
"Solugen Inc. is floating plans for a major new production facility in Marshall, a project that would bring at least $90 million worth of investment and dozens of high-paying jobs to western Minnesota …."

$1.5B available for clean energy from Minnesota firm AB CarVal

August 2, 2023 – Minneapolis/St. Paul Business Journal
“St. Louis Park-based AB CarVal has closed on a $1.5 billion fund geared toward clean energy efforts … AB CarVal has about 120 employees at its West End headquarters. It also has offices in New York, London and Singapore …”

Eagan-based Pelvital raises $2.68M in seed round

August 2, 2023 – Twin Cities Business
“The funds will be used to finish development of a device to help women affected by stress urinary incontinence …”

Plymouth-based Laplace Interventional closes on $12.9M in series B financing

July 27, 2023 – Minne Inno
"...The medical device startup is developing a transcatheter tricuspid valve technology that increases life expectancy and quality-of-life improvement to patients diagnosed with tricuspid regurgitation, a type of heart valve disease …”

Boston Scientific plans $170M campus in Maple Grove

July 26, 2023 – Star Tribune
"...the company expects to create 177 jobs within the first three years at an average cash wage of $65.08 per hour …”

Solar panel company plans $145M factory in Twin Cities

July 25, 2023 – Star Tribune
"Heliene, which already operates a plant on the Iron Range, will begin production in 2024 …”

Cirrus buys city building for $3.45 million

July 23, 2023 – Duluth News Tribune
"...The purchase of the incubator building will allow us to expand production and meet the growing demands of our customers …”

Minneapolis sustainable cereal brand raises $6M

July 5, 2023 – Twin Cities Business
“… Seven Sundays, which currently has 11 employees, also plans to hire more workers and purchase processing and packaging equipment …”

Flywheel lands $54M Series D raise

June 27, 2023 – Twin Cities Business
“The [Minneapolis-based] company has developed an AI-based platform designed to help researchers comb through massive amounts of medical imaging data …”

Minneapolis wound care startup raises $4.25M

June 15, 2023 – Twin Cities Business
“Founded in 2022, The Wound Company aims to improve outcomes for wound patients through technology and ‘high-touch’ personalized care …”

Graco expansion will nearly double size of Anoka plant, add 50 jobs

June 9, 2023 – Star Tribune
"After adding significant space in Dayton and Rogers over the past four years, Graco's expansion will nearly double its footprint in Anoka …”

Lockheed Martin Chooses St. Paul for a Business Expansion

May 23, 2023 – Twin Cities Business
“High-paying jobs will be created in St. Paul this year when Lockheed Martin Corp. opens a facility to serve commercial, defense, and security customers.”

Medical-device incubator Vita Group plans new 140K-square-foot headquarters in Woodbury

May 17, 2023 – Minneapolis/St. Paul Business Journal
“Medical device incubator Vita Group has begun renovating a new 140,000-square-foot space in Woodbury as part of an effort to further expand its operations.”

Modest-activewear startup Kalsoni tailored to Muslim women lands deal with REI

May 11, 2023 – Minne Inno
“[Muna] Mohamed’s startup was later rebranded to Kalsoni, a Somali word for confidence, the CEO said. Prior to the name change, the startup had placed fourth in a student division of the Minnesota Cup and participated in Target Corp.’s incubator program in 2020...”

Nucleus RadioPharma to become Two Discovery Square's second tenant

May 10, 2023 – Rochester Post-Bulletin
“Radiopharmaceuticals used in cancer treatments at Mayo Clinic will be made just down the road at Two Discovery Square starting in 2024…”

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