StarTec Investments

StarTec Investments is a venture capital firm based in Minneapolis, Minnesota, established in 1998 by Joy Lindsay and Thomas McLeod. The firm focuses on early-stage technology companies, particularly those located in Minnesota. StarTec seeks investment opportunities in companies that possess experienced management teams, proprietary technologies, market validation, and compelling value propositions. Its portfolio includes businesses such as Apprise Technologies, Bewiki, Compellent Technologies, FieldSolutions, Gentra Systems, and HALO Innovations. Through its investments, StarTec aims to support the growth of innovative companies within the technology sector.

7 past transactions

Amyloid Solution

Series A in 2019
Amyloid Solution is a developer of therapy intended to overcome Alzheimer by developing modifying treatments. The company focuses on pathophysiological events related to disease progression and its underlying mechanism to find novel therapeutics, enabling clients with the best solution for Alzheimer disease.

Magnet 360

Series B in 2013
Magnet 360 is a salesforce.com consulting and implementation partner, since 2004. We support our clients with strategy and services that integrate four essential marketing disciplines, driving Engagement for Outcomes: CRM | Branded Apps, Sites, and Communities | Marketing Automation | Social Campaign Management.

FieldSolutions

Venture Round in 2010
FieldSolutions (www.fieldsolutions.com) is the highest quality, lowest cost provider of contingent field service resources serving the technology industry. FieldSolutions serves the world’s leading technology enterprises including 18 OEM’s and over 30 enterprises with revenues in excess of $1Billion. Our technician sourcing and work order management service range includes: on-line self-service platform, management of large scale global field service deployment programs, strategic solutions for complex and mission critical field service, and technician long-term staff leasing. FieldSolutions’ 40,000+ independent technicians throughout the U.S., Canada and Mexico, and five global technology service partners with employees throughout 86 countries are selected, vetted and developed to assure quality field service performance. FieldSolutions serves a broad range of technologies, including: PC’s, copiers and printers, datacenter support, telephony, routers, cabling, POS, CCTV/security, ATM’s and kiosks, and related equipment.

Medisyn Technologies

Venture Round in 2005
Medisyn Technologies, Inc., a biotechnology company, develops pre-qualified proprietary drug compounds. Its Forward Engineering platform is used for producing compounds for breast, renal, prostate, and lung-cancer treatments. The company also analyzes and optimizes existing drugs, and develops new drug candidates for its partners. In addition, it offers testing and analysis services to predict safety and efficacy of compounds. The company serves biotech and pharmaceutical companies. Medisyn Technologies, Inc. was founded in 1999 and is headquartered in Minnetonka, Minnesota.

WindLogics

Series B in 2004
WindLogics (formerly SSESCO) provides advanced wind analysis and forecasting services for wind energy developers, investors, bankers, operators and utilities by scientifically evaluating potential wind energy sites and forecasting and optimizing ongoing operations in real time. WindLogics is able to calculate 3D wind fields based on exclusive historic weather data archives and proven meteorological models adapted to wind power applications.

Iconoculture

Venture Round in 2004
Iconoculture, Inc. provides consumer trend and market research services. Its products and services include the U.S. Advisory Service that provides access to Iconoculture's cultural research database, monthly e-bulletins, and annual top-level trend report; Global View, which are services to support the strategic goals and challenges of global-facing brands and agencies; and Custom View, a Web interface that features content from the company's interactive searchable content hub. Its products and services also include IconoCommunities, the consumer-centric social networks that enable businesses to know consumers' moods, mindsets, and motivations; Iconosphere, the company's annual cultural trend conference that provides a crash course on the emerging trends and cultural movements shaping the future of business; Consumer Outlooks, the crash courses that provide information on demographic, category, or consumer segment; and Custom Research and Consulting services. The company was founded in 1992 as Custom Consulting Company and is based in Minneapolis, Minnesota. As of May 7, 2010, Iconoculture, Inc. operates as a subsidiary of Corporate Executive Board Co.

Magnum Technologies

Series B in 2000
Magnum Technologies developed software solutions that aligned IT operations with enterprise priorities. Magnum’s software solutions were designed to easily integrate with and enhance the effectiveness of existing management platforms by monitoring and measuring IT performance from a line-of-business perspective. Magnum Technologies clients included Target Stores, IBM and Thomson West. Mike Wethington was on the board of Magnum Technologies through a successful exit to Quest Software, which was subsequently then acquired by Dell.
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