Venture capital funds in Minnesota
22 funds filed a Form D between Oct 1, 2024 and Nov 2, 2026, plus 4 single-deal vehicles (SPVs and co-investments). Largest cities: Minneapolis (14), Maple Grove (2), Chanhassen (2), St. Paul (1), St Louis Park (1).
22venture capital funds
15emerging managers
11first sale since 2025
$11.6Mmedian raised
Venture capital funds by city
Lists: Largest venture capital funds in Minnesota · New venture capital funds in Minnesota · Emerging venture capital managers in Minnesota
All 22 venture capital funds in Minnesota
Fund
First sale
Raised
Investors
Minimum
Offering
Arthur Ventures VI, LP
Minneapolis, MN
First saleMar 2025
Raised$395M
Investors80
MinimumNone set
Offering506(b)
Arthur Ventures Growth V, LP
Minneapolis, MN
First saleMar 2025
Raised$205M
Investors91
MinimumNone set
Offering506(b)
Technology Venture Partners II, L.P.
Minneapolis, MN
First saleFeb 2020
Raised$85.0M
Investors90
MinimumNone set
Offering506(b)
Isleview Equity RBIC Fund, L.P.
Minneapolis, MN
First saleDec 2024
Raised$50.8M
Investors10
Minimum$1.0M
Offering506(b)
Great North Capital Fund II, LP
Maple Grove, MNEmerging
First saleFeb 2021
Raised$41.0M
Investors96
MinimumNone set
Offering506(b)
Mairs & Power Ventures Fund II, LP
St. Paul, MNEmerging
First saleOct 2024
Raised$32.8M
Investors102
MinimumNone set
Offering506(b)
Traction Capital Focus Fund II-A, LLC
Minneapolis, MNEmerging
First saleMar 2025
Raised$25.8M
Investors70
MinimumNone set
Offering506(b)
Nord Eagle Mountain, LLC
Chanhassen, MNEmerging
First saleNov 2024
Raised$15.2M
Investors40
MinimumNone set
Offering506(b)
Traction Capital Focus Fund II, LLC
Minneapolis, MNEmerging
First saleMar 2025
Raised$15.2M
Investors54
MinimumNone set
Offering506(b)
Nord Guadalupe Peak, LLC
Chanhassen, MNEmerging506(c)
First saleMay 2025
Raised$11.6M
Investors69
MinimumNone set
Offering506(c)
Headwater Ventures Fund III, LP
Minneapolis, MNEmerging506(c)
First saleJun 2025
Raised$11.4M
Investors43
MinimumNone set
Offering506(c)
TinySeed Fund 3B, LP
Minneapolis, MNEmerging506(c)
First saleMar 2025
Raised$9.8M
Investors53
Minimum$25K
Offering506(c)
ACTAI Unicorn Fund III LP
St Louis Park, MNEmerging
First saleFeb 2026
Raised$7.6M
Investors38
MinimumNone set
Offering506(b)
TinySeed Fund 3A, LP
Minneapolis, MNEmerging506(c)
First saleMar 2025
Raised$6.5M
Investors48
Minimum$25K
Offering506(c)
Gravity Fund II LP
Minneapolis, MNEmerging
First saleSep 2024
Raised$6.2M
Investors7
MinimumNone set
Offering506(b)
Nord Timms Hill, LLC
Chaska, MNEmerging
First saleJul 2026
Raised$5.0M
Investors30
MinimumNone set
Offering506(b)
Tundra Ventures Fund I, LP
Minneapolis, MNEmerging506(c)
First saleOct 2022
Raised$4.1M
Investors33
MinimumNone set
Offering506(c)
Squared Circle Square Two Fund LP
Minnetonka, MNEmerging
First saleSep 2026
Raised$1.4M
Investors0
MinimumNone set
Offering506(b)
Atland Fund II, LLC
Minneapolis, MNEmerging
First saleJul 2024
Raised$1.0M
Investors17
MinimumNone set
Offering506(b)
Verras Capital Fund II, LP
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Great North Capital Fund III, LP
Maple Grove, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Parceiro Ventures II, L.P.
Minneapolis, MN
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)