# 3M New Ventures: portfolio, investments and team

> 3M New Ventures is a vc firm based in United States. 20 investments on record, latest Dec 2024. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/3m-new-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# 3M New Ventures

Last cheque observed Dec 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed Series A Series B Health Care Medical Device Mobile

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 20 on record

Since the last cheque **685** days **00** hrs **00** min **00** sec

Median round **$17M** Rounds led **0 of 20** Sole investor **9 rounds** Mostly in **United States, 75%**

Pitch 3M New Ventures

## 3M New Ventures highlights

- 01 20 rounds on record
- 02 Mostly Series A and Series B: 62% of its rounds
- 03 Sole investor in 9 rounds, median $3.3M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Health Care Medical Device Mobile
- **Based in:** St Paul, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **20 appearances**

- **2024** 1 round
- **Dec** **[Ayar Labs](https://millionrounds.com/company/ayar-labs)** Series D · US · Crunchbase News **$155M** With 14 others
- **2019** 2 rounds
- **Nov** **[Inkbit](https://millionrounds.com/company/inkbit)** US · FinSMEs **$12M** With 4 others
- **Oct** **[Socially Determined](https://millionrounds.com/company/socially-determined)** Series A · US · FinSMEs **$7.3M** With 4 others
- **2018** 3 rounds
- **Nov** **[Dispelix](https://millionrounds.com/company/dispelix)** FI · Industryinvestment **$14M** With 2 others
- **Sept** **[Guardhat](https://millionrounds.com/company/guardhat)** Series A · US · FinSMEs **$20M** With 4 others
- **May** **[Propeller Health](https://millionrounds.com/company/propeller-health)** US · FinSMEs **$20M** With 4 others
- **2015** 2 rounds
- **Nov** **[Varentec](https://millionrounds.com/company/varentec)** Series C · US **$13M** With 2 others
- **Oct** **[Impel NeuroPharma](https://millionrounds.com/company/impel-neuropharma)** Series B · US **Undisclosed** Sole investor
- **2014** 2 rounds
- **Aug** **[Smart Energy Instruments](https://millionrounds.com/company/smart-energy-instruments)** Series A · CA **$5.0M** With 3 others
- **Mar** **[MSI](https://millionrounds.com/company/msi)** US **Undisclosed** Sole investor
- **2013** 1 round
- **Nov** **[Ecovative Design](https://millionrounds.com/company/ecovative-design)** Venture · US · finsmes.com **$14M** With 1 other
- **2012** 3 rounds
- **Jul** **[7AC Technologies](https://millionrounds.com/company/7ac-technologies)** Series B · US · masshightech.com **$4.5M** Sole investor
- **May** **[Zephyr Technology](https://millionrounds.com/company/zephyr-technology)** Series C · US · sec.gov **$8.9M** With 2 others
- **Jan** **[HydroNovation](https://millionrounds.com/company/hydronovation)** Series B · US · finance.yahoo.com **$3.0M** With 1 other
- **2011** 4 rounds
- **Sept** **[Pixel Qi](https://millionrounds.com/company/pixel-qi)** Series B · US · techcrunch.com **Undisclosed** Sole investor
- **May** **[txtr](https://millionrounds.com/company/txtr)** Series A · DE · businesswire.com **Undisclosed** Sole investor
- **May** **[Ecovative Design](https://millionrounds.com/company/ecovative-design)** US · finsmes.com **Undisclosed** Sole investor
- **Mar** **[motionID technologies](https://millionrounds.com/company/motionid-technologies)** DE · tmcnet.com **Undisclosed** Sole investor
- **2010** 2 rounds
- **Oct** **[Printechnologics](https://millionrounds.com/company/printechnologics)** DE · finsmes.com **Undisclosed** Sole investor
- **Jan** **[Energy](https://millionrounds.com/company/energy)** Venture · US · sec.gov **$2.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Seed Series A Series B

Median round joined **$17M** the round, not its cheque Alone, median **$3.3M**

Led 0 of 20 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Dec 2024

Rounds by stage said on their site

- Series A said *4*
- Series B said *4*
- Series C *2*
- Venture *2*
- Series D *1*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies 3M New Ventures put money into.

[**Ayar Labs** $155M · Dec 2024](https://millionrounds.com/company/ayar-labs)[**Inkbit** $12M · Nov 2019](https://millionrounds.com/company/inkbit)[**Socially Determined** $7.3M · Oct 2019](https://millionrounds.com/company/socially-determined)[**Dispelix** $14M · Nov 2018](https://millionrounds.com/company/dispelix)[**Propeller Health** $20M · May 2018](https://millionrounds.com/company/propeller-health)

## Quick answers about 3M New Ventures

### What does 3M New Ventures invest in?

3M New Ventures invests most often at Series A and Series B (62% of the rounds on record), in sectors such as Health Care, Medical Device and Mobile.

### How active is 3M New Ventures?

20 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2024.

### What has 3M New Ventures invested in recently?

Its most recent investments on record: Ayar Labs (Series D, Dec 2024), Inkbit (Undisclosed round, Nov 2019) and Socially Determined (Series A, Oct 2019).

### How big are 3M New Ventures's cheques?

The median round it joins is $17M.

### Does 3M New Ventures lead rounds?

Rarely, if at all: none of its 20 investments on record names it as the lead.

### Where does 3M New Ventures invest?

Most of the companies it backs are in the United States (75%), Germany (15%) and Finland (5%).

### Is 3M New Ventures investing now?

No investments in the last 12 months; the latest was in Dec 2024.

### What kind of investor is 3M New Ventures?

3M New Ventures is a VC firm based in St Paul, United States.

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