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.


Brett Brohl

Brett Brohl is Managing Partner of Bread and Butter Ventures. He is also the Managing Director of the Techstars Farm to Fork Accelerator, partnered with Cargill and Ecolab. An experienced entrepreneur, investor and mentor, Brett is driven by making a difference in the world through helping entrepreneurs succeed.

Prior to the Techstars Farm to Fork Accelerator, Brett served as Director of the inaugural Techstars Startup Next Food & Ag in Partnership with Land O’Lakes and as the Entrepreneur in Residence at Techstars Retail Accelerator in Partnership with Target. Brett honed his start-up skills as the CEO of multiple companies including ScrubSquared and BoomBoom Prints. He led 3 of his teams to exit, but also went through a company failure, experiences he draws on when working with founders.

Passionately committed to growing the Minnesota startup ecosystem, Brett is a founding member of the Forge North coalition and sits on their leadership council as well as an initial member of the Launch MN advisory board. He earned his BA from Wake Forest, and his MBA from the University of Virginia, Darden School of Business. When he’s not engaging the world’s start-up scene Brett can be found hanging with his wife and kids, driving a lobster boat, or pretending to be a tennis pro. Brett’s bread and butter is building teams, identifying talent and diving for lobster.

Mary Grove

Mary Grove is Managing Partner of Bread and Butter Ventures. She brings nearly two decades of leadership experience in technology, early stage investing, and startup ecosystem growth. She began her career working on the Google IPO, and went on to lead new business development partnerships, negotiating early stage product and technology deals worldwide. Mary then served as the founding director of Google for Startups, leading the company’s global efforts to support entrepreneurs in over 100 countries. 

After her 15 year career at Google, Mary worked as an investment partner at Revolution’s Rise of the Rest Seed Fund where she led dozens of investments in a range of sectors including healthcare, enterprise software, and fintech. She also built the fund’s portfolio support platform and built a network of over 150 mentors and partners to guide startup growth.

She is the Co-founder and Executive Director of Silicon North Stars, a nonprofit that she and her husband Steve founded in 2013 to help young Minnesotans from underserved communities pursue careers in tech.  Mary serves on the boards of Vital Voices, the Minneapolis Foundation, and the Techstars Foundation. She earned her BA and MA from Stanford University. Mary and her family moved from Silicon Valley to Minneapolis in 2018 and she loves cooking, hiking, and getting to know Minnesota through the eyes of her three-year-old twins. Mary's bread and butter is helping organizations build teams and infrastructure to operate at scale, building partnerships, and home cooked Thai recipes.

Stephanie Rich

Stephanie Rich is Head of Platform at BBV where she works to add continuous value to portfolio companies and founders. She is also Entrepreneur-in-Residence at Techstars Farm to Fork Accelerator in partnership with Cargill and Ecolab. Steph has worked with numerous early stage startups as a mentor and advisor, and has received the Techstars #givefirst award three separate times. She has hands-on expertise in bringing products and companies to market while building, cultivating and sustaining customer bases online and off.

Stephanie is the founder of Starting Up North, a publication focused on telling the stories and sharing the insights of Minnesota startups, innovators and their ecosystem, and Goby Partners, a marketing consultancy for startups and growing brands. Prior to Goby, Stephanie was employee #1 at Particle, the leading development platform for the Internet of Things. She established operational infrastructure and built the Particle brand in the marketplace by leading communications, social media, and product launches.

She received her BSJ at the Medill School of Journalism and her MBA at the University of Cambridge. Stephanie's bread and butter is connecting dots - whether that means facilitating unexpected collaborations, surfacing the right tools for solving a problem, or helping teams identify previously unknown strengths. She is also very good at logic puzzles and stopping to pet every dog she meets.

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

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