Fundraising FoxMairs & Power VC
Venture capitalSt. Paul · Seed–Series A · 9 people tracked
Also known as Mairs & Power · MAIRS AND POWER INC
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Investment thesis
Mairs & Power Venture Capital focuses on high-potential venture-stage companies based in the Upper Midwest states of Minnesota, Wisconsin, Illinois, Iowa and the Dakotas, where its network is deeply rooted. The firm targets a range of industries, notably software, business services, healthcare, fintech and edtech. A typical initial investment averages about $1 million per company, with total commitment potentially reaching double that over time. Investment decisions weigh technology, management, market size, valuation, exit potential and ESG. The firm partners with founders who have strong growth prospects, large addressable markets and logical M&A-based exit scenarios, leveraging its affiliation with long-established asset manager Mairs & Power, Inc. for public-market insights and networks.
Source: firm website, verified Sep 29, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 24 of 25 portfolio companiesSaaS ×13AI & Machine Learning ×8Enterprise Software ×5Healthtech ×5Digital Health ×4EdTech ×3HR Tech ×3Marketing Tech ×3
HQs:United States×12
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×82 founders×33 founders×1
Where their founders studiedfrom 11 founders with education data
University of Wisconsin-Madison ×2
What their founders studiedfrom 12 founders with field-of-study data
Computer Science ×5Business & Management ×4
Where their founders worked beforefrom 12 founders with career history
EatStreet ×2Google ×2
Investments · 25 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32024 · 12023 · 12022 · 17 dated
4MATIV provides tech-enabled student transportation solutions for school districts, including consulting, route optimization, multi-modal operations (buses, vans, carpools, public transit), and real-time tracking.
EdTechLogistics & Supply ChainMobility & Transportation
Mark JosephRajeev BajajCarl Allen(President of 4MATIV Technologies)in
Co-investorsKirenaga Partners
akoyaGO is a foundation management platform built on Microsoft Dynamics 365 that combines CRM, financial management, donor management, and grant management in one system.
Enterprise SoftwareImpact & Social GoodSaaS
Ambient Clinical develops Sepsis DART, a clinical monitoring platform that integrates with Epic, Cerner, and Meditech to identify sepsis patients and track SEP-1 bundle compliance in real time across care transitions.
HealthtechMedical DevicesSaaSRochester, US
Allen J. Berning(Executive Officer, Director, Promoter)Tim Kuebelbeck(Executive Officer)
BoardGreg Lea(Director)Brian Pickering(Director)
Co-investorsDakota Venture GroupSoutheast Minnesota Capital FundWaterline Ventures
Backstitch provides internal communications and employee engagement software for organizations across industries including non-profits, health systems, manufacturing, and hospitality.
Enterprise SoftwareHR TechSaaSKansas City, US
Jordan P. Warzecha(Executive Officer, Director)inStefanie M. Warzecha(Executive Officer, Director)
BoardChris Seago(Director)
Co-investorsCapital Midwest FundKCRise FundMissouri Technology CorporationSandalphon CapitalSerra VenturesService Provider Capital+1 more
BetterYou uses AI and cognitive science to build workplace wellness programs that encourage healthier habits such as better sleep, more physical activity, and social connection.
AI & Machine LearningHR TechWellness & Fitness
Co-investorsAlumni VenturesAtland VenturesCapital Midwest FundEvolution VenturesForefront VentureGeekdom+5 more
Bonsai offers a marketing data platform and AI-powered growth marketing service that helps brands measure what drives revenue and profit and optimize ad spend.
AdTechAI & Machine LearningMarketing TechSaaSWheaton, US
Matt Butler(Founder)in
BoardScott Burns(Director)Mike Remke(Director)
Co-investorsService Provider CapitalTAWANI Ventures
Brevity provides AI-powered sales simulation and practice platform for sales teams, enabling them to rehearse calls with realistic AI buyer personas that provide immediate feedback and coaching to develop selling skills.
AI & Machine LearningSaaSSales Tech
Co-investorsBlack Tech Nation VenturesHomegrown CapitalIlluminate VenturesLightship Capital
Cascaid is a digital health service that analyzes an individual's health data and diagnostics to detect early risks and provide personalized coaching and guidance for prevention, performance, and longevity.
Digital HealthLongevityWellness & Fitness
Creatively Focused builds district-specific AI agents that give special education staff consistent, accurate answers drawn from their own documents and policies.
AI & Machine LearningEdTechSaaS
Co-investorsGROOVE CAPITALYork IE
Detect Auto provides automated tools for automotive repair shops to identify and upsell overdue vehicle maintenance by comparing service history against maintenance schedules.
Retail TechSaaSFargo, US
Nate Oelke(Founder)inJONATHAN CABAK(Executive Officer, Director)NATHAN OELKE(Director)
BoardBENJAMIN STANLEY(Director)
Co-investorsGreen Egg VenturesGROOVE CAPITALRender CapitalCultivation Capital
eDiscovery AI builds AI-powered tools for legal document review, discovery, and privacy workflows, serving legal teams.
AI & Machine LearningLegalTechSaaS
Jim Sullivan(Founder & CEO)in
Extempore offers a language-learning platform for schools that helps students practice speaking, writing, and listening while giving teachers common assessments, rubrics, and data reporting.
EdTechSaaS
Co-investorsBread And Butter Ventures, Llc
GEM Health provides access to specialty healthcare, covering diagnosis, treatment, and ongoing support for patients.
Digital HealthHealthtech
Grapefruit Health provides healthcare organizations with a workforce of trained clinical students—recruited from pre-med, nursing, pharmacy, social work, and similar programs—who are integrated into care team workflows to close care gaps and address staffing shortages.
Digital HealthFuture of WorkHealthtechSaaSChicago, US
Eric Alvarez(Executive Officer, Director)in
Co-investorsAntlerChicago Early Growth Ventures (CEGV)Everywhere VenturesGoAhead VenturesLongJump VenturesHustle Fund+1 more
Halo operates an online platform that connects corporate R&D teams with researchers, startups, and suppliers interested in partnering.
B2B MarketplacesEnterprise SoftwareSaaS
Co-investorsAsymmetric Capital PartnersChicago Early Growth Ventures (CEGV)FJ LabsJHH vcVillage Global
HLRBO operates a marketplace platform that connects hunters with landowners offering hunting land leases across the United States.
ConsumerMarketplacesPropTechSports Tech
Heath Schubert(CEO & Founder)inCookie Lithyouvong(Co-Founder)inMatt Simon(Co-Founder)in
Co-investorsBand of AngelsGreat North Ventures
Ladder Health provides digital health services focused on pediatric care and developmental screening, helping families navigate healthcare options for their children.
Digital HealthHealthtechBoston, US
Elizabeth Kidderin
Co-investors25MadisonGROOVE CAPITALHatteras Venture PartnersJumpstart CapitalNina CapitalCREATE HEALTH VENTURES
Lunr Capital is a fintech firm committed to financial inclusion and innovation, with a focus on leveling the playing field to provide equal access to financial resources.
ConsumerFintechRetail TechMinneapolis, US
Andrew Cox(Executive Officer, Director)Michael Hoffman(Executive Officer, Director)
BoardScott Burns(Director)
Noise is a platform that connects brands with pay-as-you-go user-generated content (UGC) creators to produce and distribute video and image content across social media platforms like TikTok, YouTube, and Instagram.
AdTechCreator EconomyMarketing Tech
Co-investorsGrishin RoboticsService Provider CapitalAnagram VenturesBose VenturesCapitalize VCFigment Capital+2 more
Pear Commerce provides shoppable commerce tools for CPG brands, including onsite where-to-buy locators and in-ad "Pear Connect" experiences that surface inventory-verified, in-stock retailers to move shoppers from digital ads to purchase.
E-commerceMarketing TechRetail TechMinneapolis, US
Alex Wyler(Executive Officer, Director)inEric Martell(Chief Executive Officer)inIan Lavey(Executive Officer)
BoardElizabeth Christo(Director)inGreg Beaufait(Director)in
Co-investorsCSA Partners LLCDundee Venture CapitalGreat North VenturesHeartland VenturesHeartland Ventures S7Homegrown Capital+5 more
ProvenAir provides technology services for trace quality management and documentation automation within the commercial aerospace industry, helping operators and suppliers digitize and verify material provenance records.
AI & Machine LearningEnterprise SoftwareSaaSChicago, US
Chris Kubinski(CEO)inNate Brochmann(Executive Officer)Stephanie Boccarossa(Director)James Boccarossa(Executive Officer, Director)
BoardSapna Patel(Director)Abid Ali(Director)
Co-investorsMichigan Capital NetworkVictorum
Violet Labs builds software tools for engineers designing and building physical products across industries including aerospace, defense, robotics, and energy.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareHardware
Lucy Hoag(Founder)in
Co-investorsFelicis VenturesMaC Venture CapitalV1 VCDementia Discovery FundHopelabNorthwell Holdings+4 more
When provides post-employment health coverage support, guiding departing employees, retirees, and dependents to COBRA alternatives such as ACA plans through an AI-powered plan navigator and concierge service.
AI & Machine LearningFuture of WorkHealthtechHR TechInsurTechChicago, US
Andy Hamilton(Founder & CEO)inDan Wertheimer(Founder & CSO)inBrook West(Chief Revenue Officer)inPatrick Koeller(CTO)in
Co-investors7wire VenturesAlumni VenturesB Capital GroupB4 CapitalChicago Early Growth Ventures (CEGV)Corewell Health Ventures+3 more
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Wirespeed provides a deterministic-first AI security operations center (SOC) that automatically investigates and contains cyber threats in milliseconds, supervised by a 24/7 team of threat engineers.
AI & Machine LearningCybersecuritySaaS
Co-investorsGrossman Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
SiteKick
Portfolio news
latest coverage across their companiesLadder Health · finsmes.com · Jun 23, 2026
Lunr Capital · blog.lunrcapital.com · May 13, 2026
Wirespeed · siliconangle.com · Nov 6, 2025
Grapefruit Health · grapefruit.health · Aug 19, 2025
Frequently asked questions
- How many investments has Mairs & Power VC made?
- Mairs & Power VC has 25 tracked investments, including 4 dated in the last 24 months.
- What stage does Mairs & Power VC invest at?
- Mairs & Power VC invests at the Seed, Series A stages.
- What is Mairs & Power VC's typical check size?
- Mairs & Power VC typically writes checks of $1M – $2M.
- What sectors does Mairs & Power VC focus on?
- Mairs & Power VC focuses on EdTech, Enterprise Software, Fintech, Healthtech, SaaS, Sector Agnostic.
- Where is Mairs & Power VC located?
- Mairs & Power VC is headquartered in St. Paul, US.
- Who does Mairs & Power VC co-invest with?
- Mairs & Power VC most often shares deals with Service Provider Capital, GROOVE CAPITAL, Great North Ventures, among 59 tracked co-investors.
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