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Metro area · North America

Minneapolis–Saint Paul

Metro area · United States · Pop. 3.7M

A public taster of the full Minneapolis–Saint Paul ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

🦄 New unicorns by year
3
Annual $1B+ outcomes, unsmoothed
🐎 Cumulative thoroughbreds
11
Company revenue history, 2016-2025
Enterprise value
$68.3B
Actual EV series, 2015-2025

Largest rounds

Largest funding rounds in Minneapolis–Saint Paul

A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into Minneapolis–Saint Paul-headquartered companies, grouped by Dealroom sector.

Largest rounds in Minneapolis–Saint Paul - 2026

Every $100M+ VC round into Minneapolis–Saint Paul-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

Startup funnel

Minneapolis–Saint Paul's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
218
Seed
184
Series A
162
Series B
122
Series C
52
Unicorn
12

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

VC investment

How much venture capital flows into Minneapolis–Saint Paul

VC investment into Minneapolis–Saint Paul-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.

Notable companies

Top private companies in Minneapolis–Saint Paul

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Unicorns $1B+ valuation 12
JamfSezzlePivot BioVascular SolutionsNeueHealthProtolabsSkyWater TechnologyHistoSonicsArctic Wolf NetworksCelcuityInspire Medical SystemsABILITY Network
Thoroughbreds+ $100M+ revenue 11
NeueHealthInspire Medical SystemsProtolabsSkyWater TechnologyTactile Systems TechnologySezzleHistoSonicsJamfArctic Wolf NetworksPivot BioABILITY Network

Academia

Minneapolis–Saint Paul's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Minneapolis–Saint Paul.

University-linked startup formation
100
University spinouts
603
Total alumni-founded companies
316
Of which startups (<$15M raised)
205
Breakouts ($15M-100M)
82
Scaleups ($100M+)

Location comparison

How Minneapolis–Saint Paul stacks up

Compare Minneapolis–Saint Paul with peers from the same country (United States) — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.

$195B
$143B
$136B
$116B
$109B
Minneapolis–Saint Paul
$68.9B
$68.5B

Combined enterprise value of each ecosystem.

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Minneapolis–Saint Paul dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Minneapolis–Saint Paul's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Minneapolis–Saint Paul's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Minneapolis–Saint Paul's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Minneapolis–Saint Paul's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Minneapolis–Saint Paul
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Minneapolis–Saint Paul
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.