# Mairs & Power Venture Capital: portfolio, investments and team

> Mairs & Power Venture Capital is a vc firm based in United States. 2 investments on record, 2 in the last 12 months, latest Jun 2026.

Source: https://millionrounds.com/fund/mairs-and-power-venture-capital (Millionrounds; every figure on the page links to its filing or article)

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

# Mairs & Power Venture Capital

Last cheque observed Jun 2026; 2 cheques on record.

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VC firm Deploying now

Seed Series A Software Business Services Healthcare

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 2 on record

Since the last cheque **155** days **00** hrs **00** min **00** sec

Median round **$6.3M** Cheque size, as they say **$1.0M – $2.0M** Rounds led **1 of 2**

Pitch Mairs & Power Venture Capital

## Mairs & Power Venture Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Seed and Series A: 100% of its rounds
- 03 Led 1 rounds

## What they do

> Venture Capital for the Upper Midwest From their own website

- **Type:** VC firm
- **Cheque size:** $1.0M – $2.0M as they say
- **Stages:** Seed Series A
- **Sectors:** Software Business Services Healthcare
- **Based in:** Saint Paul, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 2 rounds
- **Jun** **[HLRBO](https://millionrounds.com/company/hlrbo)** Seed · US · TechStartups **$2.5M** *Led*
- **Jan** **[When](https://millionrounds.com/company/when)** Series A · US · Firms' own news pages **$10M** With 6 others

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

Named by the firm itself, on a filing, its Form ADV or its company registration **13 named**

AR **Andrew Robert Adams** Chief Investment Officer, Executive Vice President and Director i Form ADV

BM **Brent Michael Williams** Chief Compliance Officer i Form ADV

CD **Christopher Douglas Strom** Investment Manager i Form ADV

GE **Glenn Earl Johnson** Senior Vice President, Director of Institutional Asset Management & Director i Form ADV

JM **Justin Mark Miller** Vice President and Director of Individual Asset Management & Director i Form ADV

KV **Kevin Vincent Earley** Vice President, Investment Manager & Director i Form ADV

LA **Luke Andrew Odegaard** Treasurer i Form ADV

ML **Mark Larry Henneman** Chairman of the Board i Form ADV

MM **Melissa Mary-Elizabeth Gilbertson** Chief Operating Officer i Form ADV

PJ **Peter James Johnson** Vice President and Investment Manager i Form ADV

RW **Robert Wayne Thompson** Vice President, Director of Fixed Income i Form ADV

RW **Robert William Mairs** Chief Executive Officer & President i Form ADV

SD **Scott Dean Howard** Vice President and Investor Relations Manager i Form ADV

We also hold **13** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$12B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Mairs And Power INC
- **SEC number:** CRD 110351

Funds on its Form ADV

**1** private fund, **$19M** in gross assets · filed Oct 2024

- Mairs & Power Ventures Fund I, L.P. *Venture* 58 investors $19M

## What they claim to have backed

From their own portfolio page (on their website)

**12** of 29 we have independently watched raise

[4mativ](https://millionrounds.com/company/4mativ)[Backstitch](https://millionrounds.com/company/backstitch)[Bloomfilter](https://millionrounds.com/company/bloomfilter)[Creativelyfocused](https://millionrounds.com/company/creatively-focused)[Detectauto](https://millionrounds.com/company/detect-auto)[Gem](https://millionrounds.com/company/gem)[Hlrbo](https://millionrounds.com/company/hlrbo)[Ladderhealth](https://millionrounds.com/company/ladder-health)[Pearcommerce](https://millionrounds.com/company/pear-commerce)[Retrievair](https://millionrounds.com/company/retrievair)[Violetlabs](https://millionrounds.com/company/violet-labs)[grapefruit.health](https://millionrounds.com/company/grapefruit-health) Akoyago Ambientclinical Betteryou Brevitypitch Cascaidhealth Coalitioninc Ediscoveryai Extemporeapp Forwhen Getnoise Lunrcapital My Fund Account Provenair Sitekick bonsai.llc halo.science samply.app

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A

Median round joined **$6.3M** the round, not its cheque

Led 1 of 2 rounds **50%**

- **Said size:** $1.0M – $2.0M
- **Sole investor:** Never alone
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Seed said *1*
- Series A said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Mairs & Power Venture Capital put money into.

[**HLRBO** $2.5M · Jun 2026](https://millionrounds.com/company/hlrbo)[**When** $10M · Jan 2026](https://millionrounds.com/company/when)

## Quick answers about Mairs & Power Venture Capital

### What does Mairs & Power Venture Capital invest in?

Mairs & Power Venture Capital invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Software, Business Services and Healthcare.

### How active is Mairs & Power Venture Capital?

2 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Jun 2026.

### What has Mairs & Power Venture Capital invested in recently?

Its most recent investments on record: HLRBO (Seed, Jun 2026) and When (Series A, Jan 2026).

### How big are Mairs & Power Venture Capital's cheques?

The median round it joins is $6.3M. It says it writes cheques of $1.0M to $2.0M.

### Is Mairs & Power Venture Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### What kind of investor is Mairs & Power Venture Capital?

Mairs & Power Venture Capital is a VC firm based in Saint Paul, United States.

### How much does Mairs & Power Venture Capital manage?

About $12B, as regulatory assets under management (Oct 2026).

### Where does this information on Mairs & Power Venture Capital come from?

From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=mairs-and-power-venture-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=mairs-and-power-venture-capital)
