Medtech Goes Missing As Venture Capital Flows To Software

Software that powers wellness programs and manufacturers’ e-commerce operations landed big rounds of venture capital in an unusually tech-heavy first quarter, according to a report released last week.

Nearly all VC flowing into Minnesota during the first three months of the year — $43 million out of $48.2 million — went to software companies, the MoneyTree Report found. The report is compiled by PricewaterhouseCoopers and the National Venture Capital Association using data from Thomson Reuters.

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