Mairs & Power Venture Capital, a wholly-owned subsidiary of Mairs & Power, Inc., launched in early 2022. Its mission is to partner with high potential venture-stage companies, particularly in the Software, Business Services, Healthcare, FinTech, EdTech, and other high growth sectors. Initial investments are likely to average $1 million per company and grow over time.
John Bergstrom, General Partner, heads the entity. John has a long career in venture capital and entrepreneurial support. He was a partner with Riverpoint Investments in St. Paul and a vice president and investment officer for Cherry Tree Ventures in Minneapolis.
Like its nearly 100-year-old parent company, Venture Capital will focus on companies located in the Upper Midwest states of Minnesota, Wisconsin, Illinois, Iowa and the Dakotas. The parent, Mairs & Power, Inc. will provide management talent and operational support.
More information is available at mairsandpower.vc.