Mairs & Power Venture Capital

Mairs & Power Venture Capital, established in 2021, is a venture capital arm of the renowned investment firm Mairs & Power, Inc., based in Saint Paul, Minnesota. The fund focuses on early-stage and seed investments, specifically targeting high-potential companies within the Upper Midwest, including states like Minnesota, Wisconsin, Illinois, Iowa, and the Dakotas. This regional emphasis allows the firm to leverage its local expertise and network to support emerging businesses across various sectors. Mairs & Power Venture Capital's investment strategy concentrates on sectors such as software, business services, healthcare, fintech, and edtech. The firm seeks to partner with innovative companies that have strong growth potential, providing initial investments typically around $1 million, with the ability to scale up depending on company needs. This approach reflects the firm's commitment to fostering regional innovation and supporting startups through their crucial early growth phases. The venture arm is led by General Partner John Bergstrom, who brings extensive experience from previous roles in venture capital and investment management. By integrating the operational support and expertise of its nearly century-old parent company, Mairs & Power Venture Capital aims to build a robust portfolio of tech-driven startups that can thrive on both local and national stages. The firm remains actively engaged in scouting for new investment opportunities within its focus sectors, reinforcing its mission to enhance the entrepreneurial ecosystem in the Upper Midwest.