Raise Scoreboard
Week 43Modal Labs, Inc. $602MFormfactor Inc $300MXona Space Systems Inc. $239MWaveDivision Capital XIX, LLC $163MSend Cut Send, Inc. $140MTCG Opportunity Fund II, LLC $113MCarter Investment Holdings, L.P. $112MTown.com, Inc. $104M

2026 season

Biggest startup raises in Minnesota, 2026

$696M across 165 new raises reported on Form D by companies based in Minnesota this season. Last season: $2.41B across 227.

This week Week 43, 2026 (Oct 19–25)

#CompanyLeagueRaisedRaisingFiled
1Slingshot Insurance, Inc. rookieTech$27M$27MOct 23
2TAB Liberty Partnership XXI, LLC rookieReal Estate$6.4M$7MOct 23
3Medical 21, Inc.Bio & Health$550K$20MOct 23
4Border Bancshares, Inc.Finance$550K$1.5MOct 22
5From Kalliope With Love Inc. rookieTech$60K$100KOct 20

By league

Minnesota raises by leagueReal Estate$221M · 56Bio & Health$141M · 26Tech$90.5M · 27Open$87.4M · 27Finance$73.1M · 12Main Street$68.2M · 14Energy$15M · 3

Weekly totals

Minnesota weekly totals$31M$63MW18: $14MW18W19: $0W20: $28MW21: $3MW22: $15MW22W23: $595KW24: $25MW25: $3MW26: $57MW26W27: $0W28: $8KW29: $13MW30: $63MW30W31: $4MW32: $80KW33: $18MW34: $23MW34W35: $625KW36: $100KW37: $3MW38: $28MW38W39: $7MW40: $9MW41: $18MW42: $6MW42W43: $35MW43

Season leaders top 50

#CompanyLeagueRaisedRaisingFiled
1Gravie, Inc.Bio & Health$50M$93.8MJun 22
2Claros Technologies, Inc.Open$46.9M$55MJul 22
3Nuvaira, Inc.Bio & Health$35.8M$63.6MMar 4
4Veriton Retail Fund I, LLC rookieReal Estate$33.4M$33.4MMar 19
5Slingshot Insurance, Inc. rookieTech$27M$27MOct 23
6CM2 Holdings, LLC rookieMain Street$25.8M$25.8MMay 14
7Big River Real Estate Fund V, LLC rookieReal Estate$25M$25MFeb 23
8Timberland Heartland 3 LLC rookieReal Estate$23.4M$47MApr 1
9Vertical Insure, Inc.Tech$21M$21MAug 17
10Finlayson Bancshares, Inc. rookieFinance$20M$20MApr 13
11Yardstik, Inc.Tech$16.5M$16.5MSep 15
12Darcy Solutions, Inc.Energy$15M$20.4MAug 11
13NoHo APC Inc.Bio & Health$13.4M$20MMay 26
14Redwood Financial Inc /mn/Finance$12.6M$12.6MMar 18
15Well Found, Inc. rookieMain Street$12.4M$13MMar 11
16Lupine LLC (MN) rookieReal Estate$11.6M$15.8MJul 15
17Rochester Tower Investment LLC rookieReal Estate$11.5M$14.7MSep 18
181900 Onion Creek, LLC rookieReal Estate$11.3M$14MApr 14
19SP Eagle, LLC rookieFinance$10M$10MFeb 5
20Egg Medical, Inc.Bio & Health$9.5M$13MJun 12
21Timberland Linden Ridge LLC rookieReal Estate$9.2M$11MOct 6
22Grow One, LLC rookieOpen$9M$10MJul 23
23Onsetto, Inc.Finance$9M$9MApr 29
24Blu Dot Design & Manufacturing Inc rookieMain Street$8.1M$14.3MJan 26
25Cherokee Bancshares, Inc. rookieFinance$8M$8MApr 23
26Maxwell Labs Inc.Tech$7.9M$10.7MFeb 27
27Vireo Growth Inc.Open$7.5M$7.5MOct 7
28VCS Huxley LLC rookieOpen$6.7M$9MApr 16
29TAB Liberty Partnership XXI, LLC rookieReal Estate$6.4M$7MOct 23
30Camelback Intelligence Co. rookieTech$6M$6MSep 25
31Prior Lake B Squared Ventures LLC rookieReal Estate$5.9M$8.4MJan 14
32Hillcrest Place LLC rookieReal Estate$5.8M$6MJan 6
33TT Dallas DST rookieReal Estate$5.7M$9.1MOct 14
34SRRT Benson DST rookieReal Estate$5.5M$10.8MMar 9
35SPC Avalon LLC rookieReal Estate$5.5M$5.5MJan 5
36Evia Bio, Inc. rookieBio & Health$5.5M$5.5MSep 28
37SPC Bluestone LLC rookieReal Estate$5.3M$5.3MApr 24
38Roy, Inc.Finance$5.2M$5.2MJan 7
39SPC Valley Heights LLC rookieReal Estate$5.1M$5.1MMar 20
40Avivomed Inc.Bio & Health$5M$12MApr 21
41intellicents incMain Street$4.9M$4.9MApr 24
42SHAED, Inc.Main Street$4.7M$5.7MMar 20
43GCRE Investment Fund III, LLC rookieReal Estate$4.6M$4.6MJan 8
44SP Ashland LLC rookieFinance$4.5M$4.5MJun 9
45Nested Knowledge, Inc.Open$4.2M$4.3MJan 8
46Rise Modular Holdings, LLC rookieMain Street$4M$4MJul 21
47Piraeus Medical, Inc.Bio & Health$3.6M$10.5MApr 2
48Rise Opportunities 16 LLC rookieReal Estate$3.5MindefiniteJun 10
49SPC Silver Lake LLC rookieReal Estate$3.4M$3.4MJul 31
50AEI Healthcare Portfolio VII DST rookieReal Estate$3.3M$50.5MMar 16