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13 Successful Startups in Minnesota

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Have you ever wondered who is on the list of companies with the highest growth rates in Minnesota?

You’re not alone.

There are hundreds of companies founded there, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 13 fast-growing startups in Minnesota that have top-tier venture capital funding.


13 Startups in Minnesota

1) Upsie

1) Upsie

Upsie is a smartphone app that offers warranties for electrical and appliance purchases.

Details of the startup:

  • Started in: 2015
  • Founders: Clarence Bethea
  • Industries: Apps, Insurance, Mobile, Mobile Apps, Software
  • Number of employees: 11-50
  • Funding amount: $26,380,000
  • Number of funding rounds: 6
  • Number of investors: 36

You can find their website here.

2) Mayo Clinic

2) Mayo Clinic

MayoClinic is a not-for-profit medical practice and medical research organization dedicated to providing integrated health care, education, and research.

Details of the startup:

  • Started in: 1919
  • Founders: Augustus Stinchfield, Charles Horace Mayo, Christopher Graham, Donald Balfou, Henry Stanley Plummer, Melvin Millet, William James Mayo
  • Industries: Biotechnology, Health Care, Medical, Non Profit
  • Number of employees: 10001+
  • Funding amount: $386,100,000
  • Number of funding rounds: 6
  • Number of investors: 3

You can find their website here.

3) Bright Health

3) Bright Health

Bright Health is working on a health insurance platform that will provide a high-quality healthcare experience.

Details of the startup:

  • Started in: 2015
  • Founders: Kyle Rolfing, Robert John Sheehy, Tom Valdivia
  • Industries: Health Care, Health Insurance, Hospital, Insurance, InsurTech
  • Number of employees: 501-1000
  • Funding amount: $1,575,000,000
  • Number of funding rounds: 5
  • Number of investors: 17

You can find their website here.

4) Sentera

4) Sentera

Insights into analytics and machine learning for digital agriculture.

Details of the startup:

  • Started in: 2014
  • Founders: Eric Taipale, John Hudson
  • Industries: Agriculture, AgTech, Analytics, Artificial Intelligence, Farming, Machine Learning, Robotics, Software
  • Number of employees: 51-100
  • Funding amount: $53,000,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

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5) Arctic Wolf

5) Arctic Wolf

By providing security operations as a concierge service, Arctic Wolf assists businesses in reducing cyber risk.

Details of the startup:

  • Started in: 2012
  • Founders: Brian NeSmith, Kim Tremblay
  • Industries: Cyber Security, Information Technology, Network Security, Software
  • Number of employees: 501-1000
  • Funding amount: $348,200,000
  • Number of funding rounds: 6
  • Number of investors: 13

You can find their website here.

6) Edmentum

6) Edmentum

Edmentum offers online learning programs that help students achieve academic and professional success.

Details of the startup:

  • Started in: 2089
  • Industries: E-Learning, EdTech, Education, Enterprise Software
  • Number of employees: 501-1000
  • Funding amount: $25,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

7) Rae Wellness

7) Rae Wellness

Rae Wellness is a health and wellness company that sells vegan, non-GMO, and gluten-free vitamins.

Details of the startup:

  • Started in: 2019
  • Founders: Angie Tebbe, Eric Carl
  • Industries: Dietary Supplements, Health Care, Organic Food, Pharmaceutical, Wellness
  • Number of employees: 11-50
  • Funding amount: $18,450,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

8) NetSPI

8) NetSPI

NetSPI is a cybersecurity firm that specializes in enterprise security testing and management of attack surfaces.

Details of the startup:

  • Started in: 2001
  • Founders: Deke George, Seth Peter
  • Industries: Computer, Cyber Security, Information Technology, Network Security
  • Number of employees: 101-250
  • Funding amount: $90,000,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

9) Miromatrix Medical

9) Miromatrix Medical

Miromatrix Medical is working on developing fully biological human organs as well as organ-derived biological goods.

Details of the startup:

  • Started in: 2009
  • Founders: Doris Taylor, Harald Ott
  • Industries: Biotechnology, Health Care, Medical, Medical Device
  • Number of employees: 11-50
  • Funding amount: $70,478,496
  • Number of funding rounds: 8
  • Number of investors: 3

You can find their website here.

10) Civic Eagle

10) Civic Eagle

Civic Eagle creates software that automates the process of finding and analyzing legislation and rules for businesses.

Details of the startup:

  • Started in: 2015
  • Founders: Damola Ogundipe, Shawntera Hardy, Yemi Adewunmi
  • Industries: B2B, SaaS, Software
  • Number of employees: 1-10
  • Funding amount: $2,250,000
  • Number of funding rounds: 8
  • Number of investors: 17

You can find their website here.

11) Code42

11) Code42

Data loss protection, visibility, and recovery solutions are all provided by Code42.

Details of the startup:

  • Started in: 2001
  • Founders: Brian Bispala, Matthew Dornquast, Mitch Coopet
  • Industries: Big Data, Cyber Security, Enterprise, SaaS, Security, Software
  • Number of employees: 501-1000
  • Funding amount: $137,500,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

12) Total Expert

12) Total Expert

Total Expert is a software as a service (SaaS) company that creates enterprise-grade marketing operating systems (MOS) for financial services firms.

Details of the startup:

  • Started in: 2012
  • Founders: Joe Welu
  • Industries: Financial Services, FinTech, Marketing Automation, Real Estate, SaaS, Software
  • Number of employees: 101-250
  • Funding amount: $86,000,000
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

13) Perforce Software

13) Perforce Software

Perforce Software's collaboration and version control technology is the most flexible and scalable in the business.

Details of the startup:

  • Started in: 1995
  • Founders: Christopher Seiwald
  • Industries: Analytics, Information Technology, Robotics, SaaS, Software
  • Number of employees: 251-500
  • Funding amount: $30,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

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