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Top 13 Minnesota Startups to Watch in 2026

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Minnesota's startup scene features a strong mix of industries, from healthcare and fintech to advanced manufacturing. The area is home to both new companies and more established players.

Cyber security firm Arctic Wolf has raised nearly $900 million in funding. Fintech company Branch has also secured over $638 million.

Below is our list of 13 Minnesota startups worth keeping an eye on.

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Branch builds financial tools that help businesses offer workers accelerated pay and digital wallets. Their platform gives employees instant access to earned wages, helping them manage their money without waiting for a traditional payday.

Year Founded2015
FoundersAtif Siddiqi, Divydeep Agarwal
Funding Amount$638.1M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsGeneral Atlantic, Techstars, Bonfire Ventures, Right Side Capital Management, M25

Perforce Software builds a flexible and scalable platform for version control and team collaboration. Their suite of DevOps tools is used by enterprise teams to manage security, compliance, and speed across the entire technology lifecycle.

Year Founded1995
FoundersChristopher Seiwald
Funding Amount$30M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsClearlake Capital Group, Francisco Partners

Visana Health offers a comprehensive virtual clinic dedicated to women's health, providing personalized care for a range of complex conditions. Their digital health program is designed to improve the quality of life for women with common issues such as endometriosis, PCOS, and fibroids.

Year Founded2019
FoundersJoe Connolly, Shelly Lanning, Tom Morley
Funding Amount$37.6M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsFlare Capital Partners, Frist Cressey Ventures, Venture Investors, Noro-Moseley Partners, Intermountain Ventures

Arctic Wolf developed a security operations cloud to help organizations of any size end their cyber risk. The platform is paired with a dedicated Concierge Security Team that provides 24x7 monitoring, detection, and response as a managed service.

Year Founded2012
FoundersBrian NeSmith
Funding Amount$899.2M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusConvertible Note
Top InvestorsLightspeed Venture Partners, Adams Street Partners, Redpoint, Neuberger Berman, Unusual Ventures

Irrigreen has developed a digital sprinkler system that precisely waters lawns, much like an inkjet printer places ink on a page. The system uses software to map out a yard and control each stream of water, drastically cutting down on the water waste common with traditional sprinklers.

Year Founded2018
FoundersGary Klinefelter, Shane Dyer
Funding Amount$43.1M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsUlu Ventures, Burnt Island Ventures, Sum Ventures, Anorak Ventures, Tamiami Angel Funds

Calabrio develops a cloud-first workforce optimization suite that helps enrich human interactions within contact centers. Their unified platform provides tools for everything from employee performance and engagement to in-depth customer experience intelligence.

Year Founded1995
FoundersBrett Shockley
Funding Amount$20.2M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsKohlberg Kravis Roberts, Split Rock Partners, BlueStream Ventures

Dispatch created an on-demand delivery platform for businesses to manage, track, and share their deliveries. The software provides a centralized system for companies to oversee logistics from the initial order to the final drop-off.

Year Founded2016
FoundersAndrew Leone, Ryan Hanson
Funding Amount$71M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries C
Top InvestorsPeakSpan Capital, Great North Ventures, Trinity Private Equity Group, Revolution’s Rise of the Rest Seed Fund, HPA (Hyde Park Angels)

Niron Magnetics is commercializing the world's first high-performance permanent magnets made without any rare-earth materials. Their unique iron nitride technology offers a clean and cost-effective alternative for everything from electric vehicle motors to wind turbines.

Year Founded2014
FoundersJian-Ping Wang
Funding Amount$161.6M
Startup SizeMid-Size Team (51-250)
Last Funding StatusDebt Financing
Top InvestorsAnzu Partners, Magna International, US Department of Energy, University of Minnesota, Stellantis Ventures

Claros Technologies develops advanced materials that capture and destroy hazardous pollutants known as "forever chemicals" or PFAS. Their core technology enables a circular economy by creating sustainable products that eliminate toxic waste from the environment.

Year Founded2018
FoundersAbdennour Abbas, Michelle Bellanca
Funding Amount$38.2M
Startup SizeLean Team (11-50)
Last Funding StatusConvertible Note
Top InvestorsEcosystem Integrity Fund, Groove Capital, University of Minnesota, Capita3, Children's Minnesota

Saluda Medical develops medical devices that provide therapy for chronic neurological conditions. Their main product, the Evoke® System, is a spinal cord stimulator that treats chronic pain by measuring the body's response to therapy and adjusting treatment in real time.

Year Founded2010
FoundersJohn Parker
Funding Amount$499.5M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsTPG, Wellington Management, Boston Scientific, Fidelity, Redmile Group

3 Additional Minnesota Startups Worth Following

Our top ten picks are just a small slice of what’s happening across Minnesota. The scene is full of companies at different stages, from new AI startups to established hardware firms.

Together, they've raised over half a billion dollars and are tackling problems in many industries. Here’s a look at a few more startups that are part of Minnesota's strong ecosystem.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
NetSPI logo NetSPIHardware2001$500MPrivate Equity
Navix logo NavixLogistics2021$10.9MSeries A
NextGem logo NextGemAI2021$1.8MSeed

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