Great North Ventures

Managing Partners Ryan Weber and Rob Weber run the firm together, drawing on their shared experience as founders who built and sold an enterprise software company before entering venture capital. Both are based in Minnesota and are active in sourcing, diligence, and portfolio support. Investment committee decisions are made collaboratively between the two brothers.

The firm relies on a deeply local origination model centered on the Upper Midwest and Great Lakes states, where the Weber brothers have decades of operator and investor relationships. They attend regional demo days, maintain relationships with Midwestern accelerators, and receive inbound referrals from founders who previously worked at the Webers' prior company. This geographic focus surfaces deals that coastal funds often see late or not at all.

Great North Ventures makes direct equity investments into operating companies and does not publicly market a fund-of-funds strategy. The firm has not disclosed whether it makes LP commitments into other venture funds as part of a broader portfolio construction approach.

The firm concentrates on Seed and Series A rounds, where it can lead or co-lead and take a board seat, and reserves capital for follow-on investments through Growth stages. This earlier-stage focus aligns with the Webers' founder-operator background and allows them to influence company-building from the earliest institutional round.

The firm has not published a formal sector exclusion list, but its disclosed portfolio and stated strategy emphasize enterprise software, applied AI, industrial technology, and digital health. There is no public record of investments in consumer social media, pure-play hardware, or capital-intensive cleantech manufacturing.

The firm was seeded with capital from the Webers' prior exit of their own enterprise software company, though the exact amount and transaction details are not publicly disclosed. No external institutional anchor LP or multi-generational family wealth source has been publicly identified.

The firm regularly co-invests alongside coastal and national venture firms, serving as a regional partner that can provide local diligence and portfolio support. Specific co-investors and deal terms are disclosed on a per-transaction basis, but no standing co-investment program or LP co-invest vehicle has been publicly announced.