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Mairs & Power Venture Capital
Mairs & Power Venture Capital invests in Software, Business Services, Healthcare, FinTech, EdTech, and other high growth sectors. The firm's typical initial...
Mairs & Power Venture Capital
Mairs & Power Venture Capital invests in Software, Business Services, Healthcare, FinTech, EdTech, and other high growth sectors. The firm's typical initial investment is $1 million per company, with a total capital commitment of up to double its initial investment over time. Mairs & Power Venture Capital has made 26 investments, including a Series A investment in When on January 30, 2026, and has exited one portfolio company, Wirespeed, on November 06, 2025.
General information
Firm type
Venture Capital
Location
Region
North America
Country
United States
City
St. Paul
Corporate office
St. Paul, MN, United States
Additional offices
Boston, MA · San Francisco, CA
Frequently asked questions
Does Mairs & Power Venture Capital raise outside funds or manage LP commitments?
No. The venture strategy does not raise third-party blind-pool funds. It makes direct equity investments using permanent capital from the parent firm's own resources and client accounts that have authorized venture exposure. This structure frees the group from the standard 10-year fund cycle and allows it to hold portfolio companies indefinitely.
Where does Mairs & Power Venture Capital invest geographically?
The group maintains a deliberately distributed footprint, with investment professionals based in St. Paul, Boston, and San Francisco. Sourcing reflects this tri-city presence: the firm looks at Upper Midwest companies that align with the parent firm's regional network, while also pursuing deals in the Northeast and Bay Area technology corridors.
Which sectors does the venture group favor, and which does it avoid?
The firm favors capital-efficient enterprise software, health-tech, fintech infrastructure, and technology-enabled services — sectors where the parent company's multi-decade holding discipline is an advantage. It avoids capital-intensive deep-tech hardware, pure biotech, and speculative pre-revenue companies that require continuous dilutive financing rounds.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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