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. We invest globally while leveraging the deep industry networks, corporate access, and commercial insight found here at home for the benefit of our founders. Our local roots are a strategic advantage that helps the companies we back grow stronger and scale smarter.

WE INVEST IN SEED STAGE COMPANIES

We’re happy to lead and happy to co-invest. In every case, we help build strong syndicates with investors who add real value.

WE ARE COMMITTED BEYOND THE CHECK

We stay actively involved post-investment, connecting founders with the people, partners and resources they need to scale through our Platform efforts and hands-on support.

ESSENTIAL SECTORS

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 TECH

Food technology includes tech-enabled companies operating anywhere in the food value chain. From post-farmgate to manufacturing, distribution, retail, and foodservice. We do not invest in CPG. We focus on software and hardware for the food system.

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.

HEALTH TECH

We back digital health and vertical SaaS companies. From workflow software to data platforms and AI-enabled care tools, we invest in tech that powers the future of the industry. We do not invest in FDA-regulated medical devices and pharmaceuticals.

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 SaaS

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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