U of M, in partnership with DEED, invests $2.5M in venture capital funds
July 6, 2023
The University of Minnesota today announced investments totaling $2.5 million across multiple Minnesota venture capital funds that will ultimately benefit start-up companies in the state.
This is the first in a series of significant investments stemming from a partnership announced last November with the Minnesota Department of Employment and Economic Development (DEED) to inject $34.5 million into Minnesota’s early-stage, venture-backed businesses. The program offers access to capital for start-ups that need those resources while, at the same time, leveraging the University’s expertise with investing in high-growth early-stage companies.
These $2.5 million are the first of multiple waves of investments designed to explore new and different opportunities for investment in early-stage startups.