Jumpstart Nova’s $55M fund | Quartix secures $20M | MN startup investments top $1B
January 27, 2022
CHARLOTTE, NC—Fintech company Quartix has secured a $20 million funding facility from two Fintech credit funds with a potential to increase the credit facility. Quartix connects middle-market buyers, their vendors, and institutional investors, allowing buyers and vendors to pay or collect invoices whenever they want, regardless of payment terms.
MINNESOTA—For the third consecutive year, investments in Minnesota startups topped $1 billion, the number of investors involved in deals with Minnesota startups increased 15% to 214, and the quantity of startups involved in deals rose 33% to 160.
WEST LAFAYETTE, IN—Insignum AgTech and Verility Inc., two companies founded by Purdue University alumni, have received $100,000 each from the Purdue Ag-Celerator, an agriculture innovation fund. Insignum AgTech creates plants that warn growers of an early-stage infection so that crops can be protected. Verility Inc. is a global animal health platform providing fertility analysis products.
RALEIGH, NC—North Carolina State University could teach some other schools about raising money. Its fundraising drive, called Think and Do the Extraordinary, that ended on Dec. 31, raised over $2 billion. More than 128,000 donors contributed, half of which were university alumini. The money will go to funding scholarships and toward some infrastructure improvements.
