Firms in Minnesota’s Medical Alley raised $117m in Q3

▤ Summary

As other regions experience investment declines in health technology funding, our leadership and expertise is producing consistent record-breaking performance. With our deep health care expertise and #1 ranking in innovation, investors are aggressively targeting this market,” president & CEO Shaye Mandle said in prepared remarks. “CVRx’s unique growth path and continued success in raising capital has been significantly influenced by the value of being in Minnesota’s Medical Alley. Companies in the digital health sector saw a 48% year-to-date increase from 2015, Medical Alley reported, bringing in $104.3 million so far this year. The median deal size for a Minnesota medtech business last year was $1 million, according to the report.

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