JLL Minneapolis – St. Paul Snapshots:
Medical device venture capital dominates suburbs while medical software lands in CBD
• Closing out 2016, Minnesota’s venture capital-backed medical technology economy ranked 2nd in the country, only bowing to tech mecca San Francisco.
• Among the 30 largest, venture capital investments, the top eight spots were awarded to medical device engineering and manufacturing firms. Medical software appears next at ninth place in the rankings.
• The top three VC deals included Brooklyn Park-based CVRx($93M), Plymouth-based Entellus Medical ($40M), and Maple Grove-based Inspire Medical ($38M).
Source: JLL Research, Crunchbase.com
Click to download JLL Minneapolis – St. Paul Snapshot: March 6, 2017