Third-quarter venture capital $220.8 spending in Minnesota million Company, location Amount Business Investors raised MEDICAL DEVICES & EQUIPMENT Investment: $130.0 million Pct. of total: 58.9% CVRx Inc., Minneapolis Frazier Healthcare and Technology Ventures (fomerly $84 million Develops implantable device known as Frazier & Co.), InterWest Partners, Johnson & designed to control hypertension Johnson Development Corp., Kearny Venture Partners, New Enterprise Associates, SightLine Partners, undisclosed firm Cardiac Concepts Inc., Minnetonka Accuitive Medical Ventures (formerly known as AMV $21 million Operates as a medical device Partners), Affinity Capital Management, Polaris company Venture Partners, RK Ventures, Three Arch Partners, Versant Ventures Spineology Inc., Oakdale Affinity Capital Management, undisclosed venture $9 million Develops minimally invasive spinal firm surgery devices Transoma Medical Inc., St. Paul Affinity Capital Management, Canaan Partners, $5 million Formerly known as Data Sciences Cross Creek Capital, an affiliate of Wasatch Advisors, International; provides implantable wireless Polaris Venture Partners, two undisclosed firms wireless diagnostic and monitoring systems Celleration Inc., Eden Prairie Aavin Equity Advisors, Baird Venture Partners, New $4.9 million Formerly known as Advanced Medical Science Ventures, Triathlon Medical Ventures, Upper Applications Inc.; develops noncontact Lake Growth Capital, Venture Investors therapeutic ultrasound technology Zyga Technology Inc., Eden Prairie Domain Associates, Split Rock Partners, undisclosed $4 million Develops therapies for the treatment venture firm of back pain Harland Medical Systems Inc., Eden Prairie DSM Corporate Venturing $2 million Provides products in medical coating applications INDUSTRIAL/ENERGY Investment: $83.5 million Pct. of total: 37.8% Proto Labs Inc., Maple Plain North Bridge Venture Partners, undisclosed firm $67.2 million Manufactures injection molded products SAGE Electrochromics Inc., Faribault Applied Ventures, H.B. Fuller Ventures, RAIN Source $13.3 million Manufactures electrochromic glass Capital Inc. (formerly known as Minnesota Investment products suitable for building industry Network), two undisclosed firms ReconRobotics Inc., Edina RAIN Source Capital Inc., undisclosed venture firm $3 million Develops and markets miniature unmanned robots SOFTWARE Investment: $7.3 million Pct. of total: 3.3% Card Management Solutions Inc, Minneapolis Appian Ventures, GRP Partners (also known as $6.8 million Doing business as mPay Gateway Inc.; provides Global Retail Partners), undisclosed firm point-of-care patient payment products Calabrio Inc., Plymouth BlueStream Ventures, Cisco Systems Inc., individuals, $500,000 Develops and markets customer Split Rock Partners, TVM Capital (also known as Techno interaction software Venture Management) Source: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree Survey