14 Top Minneapolis-based VC Firms [2024]

•

Updated: February 9th, 2022

Are you looking for a VC firm for your Minneapolis-based startup?

Minneapolis is a city famous for its Agriculture, Manufacturing, and Mining industries.

Small businesses are the driving force of Minnesota. It is ranked number 5 in the list of the states of fastest-growing businesses. Minnesota is a great choice for entrepreneurs

As the city has rich business opportunities and values, one might find themself in need of an initial business invested.

There are a number of successful venture capital firms in Minneapolis and we've curated a list of the best local firms in the area. Additionally, we provide you with:

Investment size
Funding stages
Typical industries the firm works with
Well known companies the VC firm has invested in

Here's the list:

1. Brightstone Venture Capital

Location: Minneapolis, MN
Industries: Technology & Lifesciences
Investment Range: $250K - $10 Million
Stage: Seed & Series A
Companies invested in: Wasabi, VR Chat, Bite Squad, StemoniX

Brightstone is VC Firm that invests in seed and Series A startups. Brightstone as of now has around $100 million venture capital under management invested in early-development stage companies. They primarily invest in innovative Technology & Lifesciences companies with the potential to bring effective change. Their investment range is $250K - $10 Million

Learn more about Brightstone Venture Capital ➜

2. Thomas, McNerney & Partners

Location: Minneapolis, MN
Industries: Life science and medical technology companies
Investment Range: $10 Million - $20 Million
Stage: Seed & Series A
Companies invested in: Amarin Corporation PLC, Atritech, INC and Auspex Pharmaceuticals

Thomas, McNerney & Partners is a medical services venture firm that put resources into life science and clinical innovation organizations at all progressive phases. ' They have an Investment range of $10 Million - $20 Million. TM-Partners invests in Seed and Series A type Companies, some of their notable investments are Celator Pharmaceuticals, INC., Innopharma, INC., Vertiflex, INC., Zogenix, INC.

Learn more about Thomas, McNerney & Partners ➜

3. Great North Ventures

Location: Minneapolis, MN
Industries: Digital transformation, AI, Tech
Investment Range: $1 Million - $10 Million
Stage: Seed & Series A
Companies invested in: EmpowerU, iraLogix, PartySlate, 2ndKitchen

Great North Ventures is a network of investment hubs that invests in Seed & Series A companies. Their investment range is $1 million - $10 million. They are based out of Minneapolis, MN, and invest in digital transformation, AI, and Technology. Some of their notable clients include Skillit, Flywheel, iraLogix, PartySlate, and others.

Learn more about Great North Ventures ➜

4. Oxbow Industries, LLC

Location: Minneapolis, MN
Industries: Leading middle-market companies
Investment Range: $20 Million – $250 Million
Stage: Seed & Series A
Companies invested in: PC Pools, LLC, SixSpeed and Christmastown Tree

With more than $2.5 billion corporate monetary exchanges finished, Oxbow Industries, LLC is devoted to building organizations in association with their supervisory groups. Oxbow looks to put resources into driving centre market organizations with exceptional administration groups and a huge chance for value appreciation. They invest in seed and Series A type Companies. The Investment range of Oxbow can be anywhere from $20 to $250 million.

Learn more about Oxbow Industries, LLC ➜

5. Loup Ventures

Location: Minneapolis, MN
Industries: AI, AR, VR, Robotics
Investment Range: $1 Million - $4 Million
Stage: Seed & Series A
Companies invested in: Catch, Streem, Invisible, Plan

Loup Ventures is a tech-focused VC firm investing primarily in Minneapolis, MN. Their minimum investment range is $1Million - $4Million for the initial stage. Their notable clients are Enjoy, Outrider, Masterworks, and others. They mainly invest in Seed & Series A companies.

Learn more about Loup Ventures ➜

6. Matchstick Ventures

Location: Minneapolis, MN
Industries: Online Retail, FinTech
Investment Range: $500K to $1.5M
Stage: Seed & Series A
Companies invested in: Warmly, Treet, TiLT and Optera

Matchstick Ventures contribute capital, time and assets in driven business visionaries who have an association with the Rockies and North areas of the US - collaborating at the pre-seed and seed stage to assist with making their fantasies a reality. They are a seed and Series A type companies, their notable investments are Fiveable, Precog and Fulcrum. Their Investment range is $500K to $1.5M.

Learn more about Matchstick Ventures ➜

7. Arthur Ventures

Location: Minneapolis, MN
Industries: Finance, cloud, SaaS, etc.
Investment Range: $10 Million - $15 Million
Stage: Seed & Series A
Companies invested in: Avalara, Cybrary, DataCamp, Datica, etc.

Arthur Ventures is a Seed & Series A venture capital firm that invests across the US market. The firm focuses on software companies engaged in sectors such as B2B software companies, finance, cloud, SaaS, etc. Top investments include phData, Jane, BeSmartee, Cybrary, etc.

Learn more about Arthur Ventures ➜

8. Dundee Venture Capital

Location: Omaha, NE, Minneapolis, MN
Industries: Technology
Investment Range: $250K - $1 Million
Stage: Seed Stage
Companies invested in: Amify, Dapix, Built In

Dundee Venture Capital is an early-stage VC firm investing in tech companies in America's Midwest region. Since its formal launch in 2010, the firm has provided seed capital to more than 50 companies and played a significant role in boosting the tech environment in the region.

Dundee VC typically invests around $250K to $1M at the initial stage.

Learn more about Dundee Venture Capital ➜

9. Proterra Investment Partners

Location: Minneapolis, MN
Industries: sectors of agriculture, food, and metals and mining
Investment Range: $30Million - $50Million
Stage: Seed & Series A
Companies invested in: Simple Love, Huang Tiane, SEBA Crypto

Proterra Investment Partners is focused on private equity investments. It invests in sectors like natural resource sectors of agriculture, food, metals, and mining. They invest in Seed & Series A and have a minimum investment range of $30Million - $50Million.

Learn more about Proterra Investment Partners ➜

10. Stone Arch Capital, LLC

Location: Minneapolis, MN
Industries: Real estate, technology, retail
Investment Range: $25 Million - $125 Million
Stage: Series A & B
Companies invested in: Ontario Drive and Gear, Mitchell’s Oilfield Services, Inc

Stone Arch Capital makes equity investments in Real estate, technology, and retail in companies in Minneapolis, MN.

Their typical investment range is $25 Million - $125 Million. They have over 100 years of experience investing in and building businesses in a wide variety of industries and markets.

Their notable clients include Toysmith, Greenlite, Mitchell’s Oil Field Service, Inc., Norwesco, Inc. among others.

Learn more about Stone Arch Capital, LLC ➜

11. StarTec Investments, LLC

Location: Minneapolis, MN
Industries: Technology & Lifesciences
Investment Range: $50K - $500K
Stage: Seed & Series A
Companies invested in: FlipGrid, Halo, Gentra, Marix

StarTec Investments, LL invests around $50K - $500K in Technology & Lifesciences. Their investment focus is Seed & Series A with a large growing market. StarTec's notable clients include Apruve, Gentra Systems, Bewiki, Kidizen, and many others.

Learn more about StarTec Investments, LLC ➜

12. Norwest Equity Partners

Location: Minneapolis, MN
Industries: Agriculture, business services, consumer
Investment Range: $30 Million - $250 Million
Stage: Series A & B
Companies invested in: Eyebobs, Marco, Wahoo, GoHealth

Norwest Equity Partners is a top-performing investment firm that is known to have created established and scalable business models. Their investment range is from $30 Million - $250 Million and they are based in Minneapolis, MN. Some of Norwest's noteworthy portfolio companies are Bailiwick, Clover Imaging Group, Movati Athletic, Thibaut, and more.

Learn more about Norwest Equity Partners ➜

13. Northstar Capital, LLC

Location: Minneapolis, MN
Industries: Healthcare, Infrastructure, Agriculture
Investment Range: $15 Million
Stage: Series A & B
Companies invested in: Black Diamond Networks, Drake, Presco, KDV Labels

Northstar Capital, LLC guarantees honesty, experience, and obligation to every one of its organizations. They work to work with useful working connections between financing accomplices, monetary patrons, entrepreneurs, and supervisory crews. Their minimum investment is around $15 Million and they invest in Healthcare, Infrastructure, Agriculture sectors.

Learn more about Northstar Capital, LLC ➜

14. Cherry Tree & Associates

Location: Minneapolis, MN
Industries: Education, Technology, Industrial, and Consumer.
Investment Range: Not disclosed
Stage: Seed & Series A
Companies invested in: Cascade, NCT, Deluxe, Hoffco, Inc.

Cherry Tree & Associates is based in Minneapolis, MN. They collectively represent hundreds of years of transaction and operating experience. They invest in Seed & Series A and in industries like Education, Technology, Industrial, and Consumer. Cherry Tree has invested in some significant companies such as Glory Global Solutions Inc., Villaume Industries, Cutting Edge, Agosto, and others.

Learn more about Cherry Tree & Associates ➜

meet the author

Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.

See full profile