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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.

799 Pool of Funded Startups

New Startups

171 Annual Startups FoundedAll new ventures

62 Annual Startups FundedReceived investment

get funded 36%

571Startups

215 Pre-Seed Startups$100K–1M

195 Seed Startups$1–4M

161 Series A Startups$4–15M

Seed to Series A 35%

185Breakouts

128 Series B Breakouts$15–40M

A to Series B 24%

57 Series C Breakouts$40–100M

B to Series C 33%

43Scaleups

33 Mega Scaleups$100–250M

reach Mega 4.1%

10 Mega+ Scaleups$250M+

reach Mega+ 1.3%

13Valuation Outcomes

12 Unicorns($1–10B valuation)

reach Unicorn 1.5%

1 Decacorns($10–100B valuation)

reach Decacorn 0.13%

Pre-Seed

215

Seed

195

Series A

161

Series B

128

Series C

Unicorn

Decacorn

* 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.

Largest rounds

Largest funding rounds in Minneapolis–Saint Paul

A live treemap of the largest VC rounds. Each cell is one round into Minneapolis–Saint Paul-headquartered companies, grouped by Dealroom sector.

Largest rounds in Minneapolis–Saint Paul - 2026

Every $15M+ VC round into Minneapolis–Saint Paul-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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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.

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

170

University spinouts

630

Total alumni-founded companies

331

Of which startups (<$15M raised)

213

Breakouts ($15M-100M)

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, EV growth, and a growth × size view. Expand the table for the full ranking.

$203B

$140B

$136B

$126B

$124B

$111B

$108B

$70.5B

Minneapolis–Saint Paul

$70B

Combined enterprise value of each ecosystem.

Top cities in United States ranked by combined EV. Minneapolis–Saint Paul's row is highlighted (#12).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Bay Area	$20T	8.0×	866	$156B	24.5K
2	Seattle	$2.9T	4.4×	68	$6.6B	2,966
3	Austin	$2T	13.9×	62	$8.1B	2,649
4	New York City	$1.6T	5.1×	329	$32.3B	16.6K
5	Boston	$1.2T	4.5×	211	$13.4B	6,323
6	Los Angeles	$1.2T	5.7×	158	$16.3B	8,592
7	Miami	$673B	12.8×	40	$2.6B	2,865
8	San Diego	$330B	5.1×	64	$3.4B	2,224
9	Chicago	$266B	3.7×	52	$2.2B	2,833
10	Washington DC	$265B	3.3×	55	$3.5B	2,343
11	Dallas	$203B	3.8×	35	$1.6B	2,033
19	Minneapolis–Saint Paul	$70B	2.6×	13	$1B	1,052

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Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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