we seek bold ideas.
we support entrepreneurs
who want to change the world.

We’re an early stage venture capital firm based in Minnesota, the Bread and Butter State, investing globally while leveraging our state and region’s unparalleled access to strong corporate connections, commercial opportunities, and industry expertise for the benefit of our founders.


We lead rounds in some cases, and in all cases we look to help syndicate and bring strong co-investors who can add additional value.


We work hard alongside our teams after investment and support through our platform efforts to connect you with the people, resources, and partners you need to scale globally.


While we can and do invest broadly across a number of sectors, we are particularly dedicated to backing and supporting companies innovating in three essential backbone sectors of our economy.


Food technology includes tech enabled companies operating anywhere in the food value chain. From on farm to supply chain and manufacturing to restaurants and grocery. “Tech” can be software, hardware, bio sciences, or any combination of the three.

Everyone needs to eat. The food sector is a backbone of the world economy. Unfortunately the food system is inefficient and in need of innovation.

Bread and Butter’s home base is Minnesota, one of the world’s epicenters of food; from numerous farms to several food focused Fortune 500s. We have the ability to truly help founders connect and engage in the food system.


Healthcare technology includes the range of software and technologies geared toward advancing human health, enhancing patient outcomes, and improving healthcare systems. We invest in tech that drives value-based care and digital health.

We believe that access to quality healthcare is a fundamental right and that technology plays a critical role in the creation and delivery of better care for better outcomes.

We believe that paradigm-changing innovation will come from startups in this sector and that we have the unique ability to help startups pilot and commercialize with unparalleled access to the strong health care sector here in Minnesota. Our state is home to some of the largest healthcare companies, networks, payors, and hospital systems.


Enterprise technology includes the range of software and platforms that provide connective tissue for organizations (from large corporations to government to non-profits) to scale and operate effectively and for individuals within that organization to be more efficient.

Enterprise businesses, both small and large, are a key driver of economic growth and job creation. The tools to operate, manage, and scale these companies are critical infrastructure fueling this $400B+ global market.

Our Minnesota base provides us unique access to some of the biggest companies in the world. Including 16 fortune 500 companies, the largest privately held company in the United States and many other significant enterprises. We have the ability to help move the needle for our founders that are focused on working with enterprises just like these by building strong bridges into industries.

Our people and place make us different.
Learn more about our bread and butter.

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