VC deals: Med-tech leads again

by Katharine Grayson
Minneapolis / St. Paul Business Journal
Friday, July 24, 2009
 
Spanlink Mention:
Industry: Internet Communications
Spanlink Communications Inc.
City: Plymouth
Business Spanlink, which markets communications systems to large companies, raised its recent round of financing as part of a renegotiated lending agreement with two banks. The company saw business drop off in the first half of the year, as large companies pulled back on spending, but its CEO said sales are picking up.
Stage: Later
Amount raised: $1 million
Investors: Spoli Rock Partners and an Bluestream Ventures