Venture Transactions in Minnesota

Branch is a workforce payments platform that partners with businesses to accelerate payments and empower working Americans. Businesses turn to Branch for a more cost-effective, faster way to pay workers and reduce the costs of paper checks and pay cards. Branch was founded in 2015 and is based in Minneapolis, Minnesota.

General Atlantic
Investor
Growth Capital Firm
New York, New York
www.generalatlantic.com

So Good So You is a functional wellness shot brand offering products made from 100% organic, non-GMO ingredients and with probiotics. So Good So You is dedicated to creating delicious, better-for-you beverages designed to support the health of people and the planet. Products include an assortment of wellness shots that address functional need-states like immunity, energy, detox, beauty and sleep. So Good So You was founded in 2014 and is based in Minneapolis, Minnesota.

Prelude Growth Partners
Investor
Growth Capital Firm
New York, New York
www.preludegrowth.com

Emerging Therapy Solutions provides analytical software tools and outsourced services to insurance providers and other payers to manage expensive cell and gene therapies. Emerging Therapy Solutions was founded in 2018 and is based in Bloomington, Minnesota.

Telegraph Hill Partners
Investor
Venture Capital Firm
San Francisco, California
www.thpartners.net

Arctic Wolf is a cybersecurity platform that help organizations end cyber risk by providing security operations as a concierge service. Highly-trained Concierge Security experts work as an extension of internal teams to provide 24×7 monitoring, detection and response, as well as ongoing risk management to proactively protect organizations while continually strengthening their security posture. Arctic Wolf was founded in 2012 and is based in Eden Prairie, Minnesota.

Adams Street Partners
Investor
Asset Manager
Chicago, Illinois
www.adamsstreetpartners.com

DTCP
Investor
Private Equity Firm
Hamburg, Germany
www.dtcp.capital

Cardialen is an early-stage medical device company dedicated to advancing implantable cardioversion and defibrillation using low energy for use as a first-line therapy to restore normal heart rhythm and may reduce the potential for high-energy defibrillation shocks. Cardialen was founded in 2008 and is based in Minneapolis, Minnesota.

HBM Partners
Investor
Private Equity Firm
Zug, Switzerland
www.hbmpartners.com

Vergent Bioscience is a biotechnology company developing a tumor-targeted, fluorescent probe to help surgeons quickly identify and completely remove cancerous tissue during surgery. Surgery is often the first-line treatment for solid tumors and the prognosis of a procedure is highly correlated with achieving complete tumor removal. When injected prior to surgery, Vergent’s molecularly-targeted probe binds to enzymes overexpressed in tumor tissue, activating a brightly fluorescing dye. The cancer “lights up,” providing the surgeon a clear visual guide for the surgical removal of the tumor and associated metastases. Vergent’s proprietary probe is under development for use in multiple cancers including lung, breast, ovarian, colorectal, and brain, among others. Vergent Bioscience was founded in 2016 and is based in Minneapolis, Minnesota.

Spring Mountain Capital
Investor
Growth Capital Firm
New York, New York
www.smcgrowthcapital.com

KeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of SaaS business solutions, including KeyedIn Manufacturing, configurable cloud ERP software designed exclusively for custom manufacturing; and KeyedIn Projects, a strategy-led project management solution that gives organizations complete visibility into their projects, portfolios, and resources. KeyedIn Solutions is based in Bloomington, Minnesota.

Arrowroot Capital
Investor
Private Equity Firm
Marina Del Rey, California
www.arrowrootcapital.com

Devoted Health is a provider of healthcare solution, driving accessibility and simplicity in healthcare centered around the patient, not the provider. “The Devoted Solution” encompass putting the focus back on the patient, building relationships between providers, and focusing on quality over quantity, in essence making healthcare easier and better. Devoted Health is based in Waltham, Minnesota.

Eight Roads
Investor
Private Equity Firm
London, United Kingdom
www.eightroads.com

Formica Capital
Investor
Family Office
Gothenburg, Sweden
www.formicacapital.se

ICONIQ Capital
Investor
Growth Capital Firm
San Francisco, California
www.iconiqcapital.com

Niron Magnetics is a developer of the manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators. Niron Magnetics was founded in 2014 and is based in Minneapolis, Minnesota.

Anzu Partners
Investor
Growth Capital Firm
Billerica, Massachusetts
www.anzupartners.com

Western Digital
Company
Technology Hardware
San Jose, California
www.westerndigital.com

NimbeLink is an IoT/M2M solutions company that focuses on smart, simple cellular solutions. NimbeLink has created a core set of intellectual properties, products, and services to enable the rapid deployment of complete IoT solutions. Building out from its core product, the Skywire end-device certified modem, the company can deliver everything from the edge to the cloud. NimbeLink was formed in 2013 and is based in Plymouth, Minnesota.

First Analysis
Investor
Venture Capital Firm
Chicago, Illinois
www.firstanalysis.com

Code42 is a provider of software as a service (SaaS) endpoint data protection and security solutions to enterprises. Native to the cloud, Code42® Incydr™ data protection is engineered to rapidly detect data exposure, loss, leak, and theft and speeds incident response – all without lengthy deployments, complex policy management, or disrupting employee productivity. Code42 was formed in 2001 and is based in Minneapolis, Minnesota.

JMI Equity
Investor
Private Equity Firm
Baltimore, Maryland
www.jmi.com

Conventus Orthopaedics, Inc. is a provider of 3-Dimensional fracture fixation technology. Conventus Orthopaedics was founded in 2008 and is based in Maple Grove, Minnesota.

Bluestem Capital
Investor
Private Equity Firm
Sioux Falls, South Dakota
www.bluestemcapital.com

Zubie is a mobile and Internet services company focused on maximizing connected-car capabilities for consumers and businesses. Zubie was founded in 2012 and is based in Bloomington, Minnesota.

OpenAir Equity Partners
Investor
Growth Capital Firm
Overland Park, Kansas
www.openairep.com

Amphora Medical is a developer of medical devices and instruments. The company is currently working on a novel cystoscopic device that has the potential to improve bladder function and quality of life for people with Overactive Bladder Syndrome (OAB). Amphora Medical is based in Maple Grove, Minnesota.

Eight Roads
Investor
Private Equity Firm
London, United Kingdom
www.eightroads.com

Ascentis is a provider of cloud-based, software-as-a-service (SaaS) human capital management (HCM) solutions and integrated payroll services. Ascentis offers a comprehensive, end-to-end suite of human resources, benefits, payroll, timekeeping, and talent management products to more than 1,000 customers throughout the U.S. and Canada. The company’s SaaS-based solutions increase productivity by automating HR and payroll processes, reducing costs, providing meaningful insights into organizational trends, and empowering employees in all aspects of the HR and benefits process. Ascentis was founded in 1994 and is based in Eden Prairie, Minnesota.

Catalyst Investors
Investor
Venture Capital Firm
New York, New York
www.catalyst.com

Tactile Medical manufactures and markets the Flexitouch system, an innovative medical device developed for at-home treatment of lymphedema and chronic wounds. Tactile Medical's offering includes advanced, clinically proven pneumatic compression devices, as well as continuity of care services provided by a national network of product specialists and trainers, reimbursement experts, patient advocates, and clinicians. Tactile Medical was founded in 1995 and is based in Minneapolis, Minnesota.

Galen Partners
Investor
Growth Capital Firm
Stamford, Connecticut
www.galen.com