Top Fast-Growing Minneapolis Startups to Watch [2023]

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

You’re not alone.

There are hundreds of companies founded there, and it can be challenging to keep track of the hottest new startups.

But don’t worry, we’ve got you covered. Here are the top 7 fast-growing startups in Minneapolis that have top-tier venture capital funding.

Top 7 Fastest-Growing Startups In Minneapolis

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) 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.

3) 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.

4) 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.

5) 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.

6) 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.

7) 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.

FAQs

What Is The Average Investment In Minneapolis?

The average startup investment in Minneapolis is $1.2 million.

Is Minneapolis A Good State To Start A Business?

Yes, Minneapolis is a good state to start a business. The state has a strong economy and a supportive business environment. Additionally, Minneapolis is home to many successful businesses and entrepreneurs.

How Many Startups Are There In Minneapolis?

According to a report by the Minneapolis / St. Paul Business Journal, there were approximately 1,250 startups in the Minneapolis-St. Paul area in 2017.