A venture capital firm with offices in Minnetonka and significant Minnesota backing announced Wednesday that it has raised $100 million to invest in young business-to-business software companies.
General partners and co-founders Charles Beeler in Menlo Park, Calif., and Jeff Hinck in Minnetonka, both venture capitalists since 1997, have formed the fund, called Icon Venture Partners. The two invested in and helped sell Twin Cities firms such as Compellent and Enstratius in recent years.
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