Second-quarter venture capital $129 spending in Minnesota million Company, location Amount Business Investors raised MEDICAL DEVICES & EQUIPMENT Investment: $59.5 million Pct. of total: 46.1% Celleration Inc., Eden Prairie Aavin Equity Advisors, Affinity Capital Management, $25.1 million Formerly known as Advanced Medical Baird Venture Partners, CID Equity Partners, New Applications Inc., develops non-contact Science Ventures, Prism Capital, Seneca Partners Inc., therapeutic ultrasound technology Triathlon Medical Ventures ,undisclosed firm, Upper Lake Growth Capital, Venture Investors Entellus Medical Inc., Maple Grove Montagu Newhall Associates , SV Life Sciences Advisers $15 million Develops medical devices and methods (Schroder Ventures Life Sciences), Split Rock Partners to treat sinusitis Kalypto Medical Inc., Hastings Sequel Venture Partners, Sutter Hill Ventures, $9 million Also known as Iasis Medical Inc., makes undisclosed firm medical devices Vertech, Plymouth Split Rock Partners, undisclosed venture firm $6 million Provides spinal correction system Torax Medical Inc., Shoreview Sanderling Ventures, Thomas, McNerney & Partners $3.2 million Develops technology for the treatment of digestive disorders SuperDimension Ltd., Plymouth Oxford Bioscience Partners $1.2 million Develops products for the diagnosis and treatment of lung diseases RETAILING/DISTRIBUTION Investment: $55.9 million Pct. of total: 43.3% Fingerhut Direct Marketing Inc., Eden Prairie Bain Capital Ventures, Battery Ventures, Brookside $55.9 million Provides private-label and brand-name International Inc., Goldman, Sachs & Co., three merchandise undisclosed firms BIOTECHNOLOGY Investment: $6 million Pct. of total: 4.7% CNS Therapeutics Inc., Woodbury InterWest Partners,Thomas, McNerney & Partners $6 million Operates as a pharmaceutical company CONSUMER PRODUCTS AND SERVICES Investment: $5.3 million Pct. of total: 4.1% The Oceanaire Inc., Minneapolis Clarion Capital Partners $4.3 million Owns and operates seafood restaurants Coolibar, Minneapolis RAIN Source Capital Inc., undisclosed firm $1 million Designs, manufactures and markets a range of sun protection products INDUSTRIAL/ENERGY Investment: $1.7 million Pct. of total: 1.3% Flyspy, Minneapolis RAIN Source Capital Inc., undisclosed firm $1.5 million Operates as an airfare search engine Door Engineering and Manufacturing, Kasota RAIN Source Capital Inc., undisclosed venture firm $200,000 Provides door products to the aviation and commerce industry MEDIA AND ENTERTAINMENT Investment: $630,000 Pct. of total: 0.5% New Moon Girl Media, Duluth RAIN Source Capital Inc., undisclosed firm $630,000 Provides newsletters coming from girls ages 8 to 15 Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree Survey