Fundraising Fox

Mairs & Power VC

Venture capital

St. Paul · Seed–Growth · 6 people tracked

Also known as MAIRS AND POWER INC

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Investment thesis

Mairs & Power invests in venture-stage and growth-stage companies with experienced capital partners and operational expertise. The firm leverages its team's combined decades of venture capital experience, successful entrepreneurial track records, and deep community ties in the Twin Cities to support founders through capital deployment and strategic advisory services. The firm is sector-agnostic and focuses on backing companies with strong management teams and significant growth potential.

Invests inSector AgnosticUnited States

Source: firm website, verified Jul 21, 2026.

Stage
Seed–Growth
HQ
St. Paul, Minnesota, US
Instruments
Equity
Founded
2021
AUM
$12.1B

Team · 6 people

from the firm's website
John Bergstrom· General Partnerin

Veteran venture capital investor with over 25 years in the industry, having served as a Partner at RiverPoint Investments and Vice President at Cherry Tree Ventures. He has invested in and advised more than 50 companies and served on more than 25 company boards, with extensive experience in liquidity events including IPOs and acquisitions.

Scott Burns· General Partnerin

Entrepreneur and investor who joined Mairs & Power in 2023 as General Partner. He founded GovDelivery, sold to Vista Equity Partners in 2016 for $153 million, and Structural, sold to Augeo in 2022. With nearly 25 years leading venture-stage companies and over a decade of investment experience, he brings both operational and capital expertise to the firm.

Austin Uline· Principal
Elise· Venture Capital Associatein

Investment team member who joined in 2024 supporting due diligence and investment sourcing. Previously served as Managing Partner at Atland Ventures, a student-run venture firm at the University of Minnesota, with internship experience at venture firms and early-stage startups.

Ryan· Venture Capital Fund Operations Associatein

Operations professional who joined in 2025 overseeing financial and operational functions for the venture capital strategy. Previously held roles in transaction advisory services at Wipfli and as an audit manager at Deloitte, with a CPA credential.

Frequently asked questions

What stage does Mairs & Power VC invest at?
Mairs & Power VC invests at the Seed, Series A, Series B, Growth stages.
What sectors does Mairs & Power VC focus on?
Mairs & Power VC focuses on Sector Agnostic.
Where is Mairs & Power VC located?
Mairs & Power VC is headquartered in St. Paul, US.

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