Kaleidoscope Names Travis Smith CEO, Launches Scholarship Fund Minneapolis-based startup Kaleidoscope announced Jan. 15, 2026 the appointment of Travis Smith as chief executive officer alongside the launch of the Kaleidoscope Scholarship Fund, a newly formed 501(c)(3) public charity aimed at unlocking up to $1 billion in scholarship funding over time. Next In the North • Ecosystem
Digi International Acquires Particle for $50M to Expand IoT Subscription Revenue in Minneapolis Minneapolis-based Digi International announced Jan. 27 that it has acquired Particle, an edge-to-cloud IoT application infrastructure provider, in a $50 million all-cash transaction. Next In the North • Ecosystem
Minneapolis Fintech Onsetto Raises $2.2M Series Seed Round Led by EJF Ventures Minneapolis-based fintech Onsetto has raised $2.2 million in a Series Seed round led by EJF Ventures to accelerate product development and expand go-to-market efforts for its business banking platform. Next In the North • Funding
Minneapolis-Based OTTO SPORT AI Raises $16.5M Seed Round to Build Youth Sports Technology Platform Youth sports management platform debuts AI-powered products backed by Rally Ventures and Mamba Growth Next In the North • Funding
Minneapolis-Based Flywheel Reports Record Growth, Launches Clinical Trial Products, Closes $27.5M Equity Round Flywheel, a Minnesota-based medical imaging data management and analysis platform, announced the close of a $27.5 million equity financing round Next In the North • Funding
Allegiant and Sun Country to Combine Airlines in $1.5B Deal, Maintaining Major Minneapolis–St. Paul Presence Allegiant Travel Company announced it has entered into a definitive agreement to acquire Sun Country Airlines in a cash-and-stock transaction Next In the North • Ecosystem
