As of November 10, 2026, 23 biotech companies in Minneapolis-St. Paul have filed a new SEC Form D on record, reporting $319.57M sold. 2 filed in the last 90 days, against 1 in the 90 days before. The biggest raise on record here is Celcuity Inc., at $50M (SEC Form D, October 23, 2026).
2 biotech companies in Minneapolis-St. Paul filed in the last 90 days, against 1 in the 90 days before. The biggest raise on record here is Celcuity Inc. at $50M.
Companies raising per week
The last 90 days
| Based | People named | |||
|---|---|---|---|---|
| Evia Bio, Inc. first filing | $5.45M | 2026-09-28 | Minneapolis, MN | Jeffrey Allen, Marc Centrella +3 |
| Medical 21, Inc. | $550K | 2026-10-23 | Plymouth, MN | Manny Villafana, Eric Solien +2 |
First-time filers, last 90 days
Evia Bio, Inc..
Everything on record
| Based | People named | |||
|---|---|---|---|---|
| Celcuity Inc. | $50M | 2023-10-26 | Minneapolis, MN | Brian Sullivan, Lance Laing +6 |
| DiaMedica Therapeutics Inc. | $37.54M | 2023-06-27 | Minneapolis, MN | Rick Pauls, Scott Kellen +10 |
| DiaMedica Therapeutics Inc. | $30.10M | 2025-07-25 | Minneapolis, MN | Rick Pauls, Scott Kellen +8 |
| SPINEOLOGY INC | $25M | 2024-08-06 | St. Paul, MN | Greg Madden, J. Paulson +5 |
| Astrin Biosciences, Inc. first filing | $22.95M | 2024-06-11 | Saint Paul, MN | Jayant Parthasarathy, Robbie Horwitz |
| Vergent Bioscience, Inc. first filing | $21.54M | 2022-10-04 | Minneapolis, MN | John Santini, Jeffrey Julkowski +6 |
| Vergent Bioscience, Inc. | $18.67M | 2025-10-20 | Minneapolis, MN | John Santini, Jr., Douglas Kohrs +4 |
| Reprise Biomedical, Inc. first filing | $13.04M | 2023-01-03 | Plymouth, MN | Carrie Powers, Ronald Eibensteiner +4 |
| DiaMedica Therapeutics Inc. | $11.80M | 2024-07-02 | Minneapolis, MN | Rick Pauls, Scott Kellen +8 |
| SPINEOLOGY INC | $8.76M | 2025-11-19 | St. Paul, MN | Steve Nemitz, Brian Snider +5 |
| VAIL SCIENTIFIC, INC. | $7M | 2025-03-13 | Bloomington, MN | Clayton Anderson, Curtis Carlson +4 |
| Reprise Biomedical, Inc. | $6.36M | 2025-07-11 | Plymouth, MN | Carrie Powers, Jake Isenburg +11 |
| Evia Bio, Inc. first filing | $5.45M | 2026-09-28 | Minneapolis, MN | Jeffrey Allen, Marc Centrella +3 |
| Luminary Therapeutics, Inc. | $5.18M | 2025-01-08 | Minneapolis, MN | Jeff Liter, John Wells +4 |
| Avivomed Inc. first filing | $5M | 2026-04-21 | Roseville, MN | Paul Mazanec, Mudit Jain +4 |
| SPINEOLOGY INC first filing | $5M | 2023-05-05 | St. Paul, MN | John Booth, Donald Brattain +7 |
| SANUWAVE Health, Inc. | $4.56M | 2024-02-05 | Eden Prairie, MN | Morgan Frank, Toni Rinow +8 |
| Reprise Biomedical, Inc. | $4.55M | 2023-11-02 | Plymouth, MN | Carrie Powers, Jake Isenburg +9 |
| SANUWAVE Health, Inc. first filing | $3.98M | 2022-12-27 | Eden Prairie, MN | Kevin Richardson II, Lisa Sundstrom +8 |
| Vergent Bioscience, Inc. | $3.75M | 2025-02-18 | Minneapolis, MN | John Santini, Ryan Egeland +7 |
| Pleural Dynamics, Inc. first filing | $3.68M | 2023-05-25 | Wayzata, MN | Martin Mayse, Mark Deem +1 |
| EmpNia Inc. | $3.27M | 2025-12-03 | Edina, MN | Manojeet Bhattacharya, Richard Nigon +1 |
| SANUWAVE Health, Inc. | $3.04M | 2023-08-07 | Eden Prairie, MN | Morgan Frank, Peter Stegano +8 |
| Luminary Therapeutics, Inc. first filing | $2.15M | 2023-01-11 | Minneapolis, MN | Jeff Liter, John Hurley +7 |
| SANUWAVE Health, Inc. | $1.86M | 2024-01-05 | Eden Prairie, MN | Morgan Frank, Toni Rinow +8 |
| SANUWAVE Health, Inc. | $1.80M | 2024-07-02 | Eden Prairie, MN | Morgan Frank, Peter Sorensen +8 |
| Nu-Tek BioSciences, LLC first filing | $1.68M | 2023-06-21 | Minnetonka, MN | Kent McCoy, Thomas Yezzi |
| EmpNia Inc. first filing | $1.59M | 2023-10-17 | Edina, MN | Manojeet Bhattacharya, Richard Nigon |
| Reprise Biomedical, Inc. | $1.45M | 2026-05-21 | Plymouth, MN | Carrie Powers, Jake Isenburg +11 |
| Luminary Therapeutics, Inc. | $1.41M | 2025-11-05 | Minneapolis, MN | Jeff Liter, John Wells +5 |
| SANUWAVE Health, Inc. | $1.23M | 2023-05-16 | Eden Prairie, MN | Kevin Richardson II, Lisa Sundstrom +8 |
| Peytant Solutions, Inc. first filing | $900K | 2023-02-22 | Plymouth, MN | John Schorgl, Steven Healy +3 |
| Sarcio, Inc. | $785K | 2023-08-14 | St. Paul, MN | Beth Lindborg, Timothy O'Brien +3 |
| DiaMedica Therapeutics Inc. first filing | $750K | 2023-04-18 | Minneapolis, MN | Rick Pauls, Scott Kellen +8 |
| Objective Biotechnology, Inc. first filing | $715K | 2024-11-26 | Minneapolis, MN | Suhasa Kodandaramaiah, James Grabau +4 |
| Pleural Dynamics, Inc. | $618K | 2025-11-18 | Wayzata, MN | Martin Mayse, Mark Deem +3 |
| Medical 21, Inc. | $550K | 2026-10-23 | Plymouth, MN | Manny Villafana, Eric Solien +2 |
| Medical 21, Inc. first filing | $430K | 2023-04-14 | Minneapolis, MN | Manny Villafana |
| VAIL SCIENTIFIC, L.L.C. first filing | $400K | 2023-12-06 | Bloomington, MN | Clayton Anderson, Curtis Carlson +4 |
| Gila Therapeutics, Inc. | $400K | 2023-12-06 | Edina, MN | Scott Schorer, Jon Freeman +6 |
| Gila Therapeutics, Inc. first filing | $356K | 2022-11-29 | Minneapolis, MN | Scott Schorer, Jon Freeman +3 |
| NEUROONE MEDICAL TECHNOLOGIES Corp first filing | $276K | 2024-08-16 | Eden Prairie, MN | David Rosa, Mark Christianson +6 |
| CHITOGEN INC | — | 2023-12-13 | Plymouth, MN | James Drake, Steve Muellerleile +4 |
| ViruTech Systems, Inc. first filing | — | 2023-12-05 | Minneapolis, MN | Timothy Childs, Lorraine Childs +4 |
| CHITOGEN INC first filing | — | 2022-12-16 | Plymouth, MN | James Drake, Albert Emola +4 |
| Nuwellis, Inc. first filing | — | 2023-06-26 | Eden Prairie, MN | John Erb, Lynn Blake +6 |
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How this list is built
Every company here filed a Form D with the SEC from this sector and metro. A Form D is the notice a company files when it sells shares or other securities without a public offering, so it catches seed rounds, small rounds and rounds that were never announced, alongside the large ones that make the news. Only new offerings by operating companies count: amendments, pooled investment funds, real estate vehicles and special purpose vehicles are left out, so each row is a company raising money for itself.
The amount shown is the total the filing reports as sold so far. Some filings report nothing sold yet; those rows show a dash and add nothing to the totals. "First filing" marks a company whose first Form D on record this is. Each company links to our page for the filing, or to the SEC's own copy, and the list can be copied as CSV for a spreadsheet.
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