# Tundra Ventures

Tundra Ventures is a Venture Capital based in Minneapolis, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** tundravc.com
- **LinkedIn:** https://www.linkedin.com/company/tundravc

## Regulatory record

- **CRD number:** 334274
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/334274

## About

Tundra Ventures are preseed specialists who invest in preseed founders with unique insight into untapped markets. They focus on wealth, health, and resilience, and connect founders everywhere to critical networks. The three managing partners have collectively supported entrepreneurs for over 25 years and worked with 500+ startups.

## Sectors

- Enterprise Software
- AI/ML
- ClimateTech
- Digital Health

## People

- Adam Choe — Managing Partner
- Amanda Heyman — Managing Partner
- Danielle Steer — Managing Partner
- Brittany Clements — Managing Director (Tundra Advisor)
- Ryan Broshar — Partner (Tundra Advisor)
- Jen Alstad — President & Co-Founder (Tundra Advisor)
- Amol Dixit — Director, G-Works Venture Studio (Tundra Advisor)

## Questions

### What is Tundra Ventures' geographic investment focus?

Tundra Ventures concentrates on the Upper Midwest, with a primary emphasis on Minnesota, Wisconsin, and the broader Great Lakes region. The firm seeks to capitalize on the engineering talent and corporate density in cities such as Minneapolis–Saint Paul, Madison, Chicago, and Ann Arbor, where it believes venture capital remains undersupplied relative to the quality of technical founders.

### What stages and sectors does Tundra Ventures target?

The firm invests from seed through early growth, with a preference for leading or co-leading initial rounds. Sectors of focus include enterprise software, AI/ML, climate technology, and digital health — areas that align with the industrial base and research strengths of the Upper Midwest economy.

### How does Tundra Ventures source its deals?

Tundra's deal flow derives from deep regional embeddedness: relationships with research universities, Fortune 500 corporate innovation teams, and local accelerator programs in the Minneapolis–Saint Paul ecosystem. The firm's geographic concentration allows it to access founders before they appear on the radar of larger coastal venture funds.

### Who are the typical limited partners in Tundra Ventures?

The firm draws its backing from local family offices, operating executives at Minnesota-headquartered public companies, and regional institutional investors. Tundra's LP base reflects its positioning as a community-anchored fund serving a specific geographic economic cluster.

## Related profiles

- [Tundra Angels](https://altss.com/profile/tundra-angels)
- [Tunitas Ventures](https://altss.com/profile/tunitas-ventures)

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Last updated: 2026-08-11T15:08:22.057Z

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