Medical Alley Association member startups pulled in more than $256 million in funding through June, signaling a “relatively normal” first half of the year 2020 despite the COVID-19 pandemic and battered economy, according to the Minnesota-based trade group.

In total, 40 companies raised $256,406,357 in the first 6 months of the year. The $1.75 million median raise falls behind last year’s record $1.99 million as the second highest median raise for a first half in the last 5 years, indicative of a class of companies that took earlier-stage rounds in previous years and have successfully grown and matured.

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