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Next step for Twin Cities startups: Finding more wealthy Minnesotans to be angel investors
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Best Buy to Invest up to $10M in Brown Venture Group s Inaugural Fund
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St Paul app maker BetterYou raises $2 25 million
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Ms. Billie, a character in Seraph 7 Studios’ Ultimate Elder Battle Royale video game. Seraph 7 Studios
TCB’s third annual Tech 20 list includes the innovators behind a medical device that tracks cardiac arrhythmias through the cloud, enterprise software designed to modernize the manufacturing industry, and an energy program intended to drastically reduce carbon emissions. But let’s talk video games.
Jules Porter is the founder of Seraph 7 Studios, a Minneapolis game development company poised to revolutionize or at least enlighten a nearly $160 billion industry. (Video game revenue, up 20 percent in 2020, now exceeds revenue from movies and North American sports combined, MarketWatch Inc. pointed out in January.) Seraph 7’s first game, due out this year, attacks monsters much larger than any gaming screen: racism and gender inequality. It stands up for senior citizens, too. In Porter’s breakthrough game, Ultimate Elder Battle Royale, many of the superh
Early-Stage Investment Firm Groove Capital Raises $3.8M in First Close The firm, created by Beta.Mn co-founder Reed Robinson, is targeting startups in the “pre-seed stage.” Reed Robinson, founder of Capital Groove
Groove Capital, a new investment firm targeting early-stage companies, on Tuesday completed its first round of fundraising.
The investment firm, launched by Beta.Mn co-founder Reed Robinson, raised $3.8 million in its first close. The amount surpassed Robinson’s expectations for the first close by over $1 million.
Robinson declined to name specific investors in the first close, but noted that it’s a mix of entrepreneurs, aspiring mentors, and senior-level leaders at big-name companies in Minnesota. In a Wednesday phone interview, Robinson said there’s a “sense of urgency” among those who have invested.