Gearworks Raises $21.4 Million

Gearworks Inc., a Minneapolis-based provider of location-based mobile business applications, has raised $21.4 million in “Series 2” funding. Split Rock Partners and Rho Ventures co-led the deal, and were joined by return backer Bluestream Ventures. The company has raised over $62 million in total VC funding since its 1998 inception.