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News and Press: Industry News

Midwest Healthcare Startups Raise a Record Breaking $1.04 Billion in First-Half of 2016

Monday, August 08, 2016   (0 Comments)
Posted by: Kate Oesterle
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Cleveland, OH, Monday, August 8, 2016 – Midwest healthcare companies attracted $1.04 billion in new equity investments in the first-half of 2016, according to the BioEnterprise Midwest Healthcare Growth Capital Report. This is the largest amount raised in any first-half by the greatest number of companies since BioEnterprise began compiling its report in 2005.

Illinois ($261 million), Minnesota ($226 million), and Missouri ($143 million) led Midwestern states in attracting investment dollars. Chicago ($260 million), Minneapolis ($226 million) and St. Louis ($143 million) were the regional leaders.  

“Midwest healthcare continues to perform at record levels, and as with other parts of the country, the software and services sector is clearly driving the surge,” said Aram Nerpouni, president and CEO of BioEnterprise.


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