# Investors based in Saint Paul (2026 list)

> 37 investors based in Saint Paul, 8% active in the last 12 months. Led by Matchstick Ventures, Sofia Fund, MacroVentures. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-based-in-saint-paul (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in Saint Paul

Updated 7 November 2026

Firms with an address in Saint Paul. A head office is a fact about the firm; where it invests is on its own page.

[See all 37 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-saint-paul)The top 25

**37** investors on the list No change this week

**13** cheques in 12 months Too few cheques to tell

**$3.3M** median round they joined *-59%* against the market median

**8%** wrote a cheque in 12 months

**5%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (3)

- 1 [Matchstick Ventures](https://millionrounds.com/fund/matchstick-ventures) *Deploying now* VC firm · United States **96** **$3.3M** median round **Sept 2026** last seen
- 2 [Sofia Fund](https://millionrounds.com/fund/sofia-fund) quiet VC firm · United States **4** **$3.2M** median round **Dec 2019** last seen
- 3 [MacroVentures](https://millionrounds.com/fund/macro-ventures) quiet VC firm · United States **3** **$3M** median round **Mar 2019** last seen
- 4 [Mairs & Power Venture Capital](https://millionrounds.com/fund/mairs-and-power-venture-capital) *Deploying now* VC firm · United States **2** **$6.3M** median round **Jun 2026** last seen
- 5 [Bush Foundation](https://millionrounds.com/fund/bush-foundation) *Deploying now* Institutional LP · United States **1** **$55M** median round **Aug 2026** last seen
- 6 [Alpine Woods Capital Investors](https://millionrounds.com/fund/alpine-woods-capital-investors) unknown VC firm · United States **none observed** **-** median round **-** last seen
- 7 [Automotive Investing](https://millionrounds.com/fund/automotive-investing) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 8 [Broadvane Capital](https://millionrounds.com/fund/broadvane-capital) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 9 [Capital Wealth Management Inc.](https://millionrounds.com/fund/capital-wealth-management-inc) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 10 [Cardiff Ventures LLC](https://millionrounds.com/fund/cardiff-ventures-llc) unknown VC firm · United States **none observed** **-** median round **-** last seen
- 11 [Carmen Pampa Fund](https://millionrounds.com/fund/carmen-pampa-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 12 [Foundly](https://millionrounds.com/fund/foundly) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 13 [Glen Nelson Center at American Public Media Group](https://millionrounds.com/fund/glen-nelson-center-at-american-public-media-group) unknown Corporate VC · United States **none observed** **-** median round **-** last seen
- 14 [Greater Minnesota Housing Fund](https://millionrounds.com/fund/greater-minnesota-housing-fund) unknown Company · United States **none observed** **-** median round **-** last seen
- 15 [Grove Investments](https://millionrounds.com/fund/grove-investments) unknown VC firm · United States **none observed** **-** median round **-** last seen
- 16 [Hmong American Education Fund](https://millionrounds.com/fund/hmong-american-education-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 17 [Lowthorp Enterprises, LLC](https://millionrounds.com/fund/lowthorp-enterprises-llc) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 18 [MPowered Capital](https://millionrounds.com/fund/mpowered-capital) unknown Private equity · United States **none observed** **-** median round **-** last seen
- 19 [MVK CAPITAL](https://millionrounds.com/fund/mvk-capital) unknown Private equity · United States **none observed** **-** median round **-** last seen
- 20 [Mississippi River Fund](https://millionrounds.com/fund/mississippi-river-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 21 [PCM Companies](https://millionrounds.com/fund/pcm-companies) unknown Private equity · United States **none observed** **-** median round **-** last seen
- 22 [Primordial](https://millionrounds.com/fund/primordial) unknown Company · United States **none observed** **-** median round **-** last seen
- 23 [Proprietors Capital Holdings](https://millionrounds.com/fund/proprietors-capital-holdings) unknown VC firm · United States **none observed** **-** median round **-** last seen
- 24 [ST PAUL TEACHERS RETIREMENT FUND ASSOCIATION](https://millionrounds.com/fund/st-paul-teachers-retirement-fund-association) unknown Institutional LP · United States **none observed** **-** median round **-** last seen
- 25 [Stonebridge Capital Advisors](https://millionrounds.com/fund/stonebridge-capital-advisors) unknown Investment firm · United States **none observed** **-** median round **-** last seen

**12 more on this list**

All 37 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-saint-paul)

## The Newest Cheques

Rounds this list's investors joined most recently

- **1** Sept **[Kipsu](https://millionrounds.com/company/kipsu)** Growth · $644K *With* [Matchstick Ventures](https://millionrounds.com/fund/matchstick-ventures)
- **1** Sept **[Althea](https://millionrounds.com/company/althea)** Venture · $2.5M *With* [Matchstick Ventures](https://millionrounds.com/fund/matchstick-ventures)
- **4** Aug **[Claros Technologies](https://millionrounds.com/company/claros-technologies)** Series B · $55M *With* [Bush Foundation](https://millionrounds.com/fund/bush-foundation)
- **1** Jul **[Tab Commerce](https://millionrounds.com/company/tab-commerce)** Seed · $4M *With* [Matchstick Ventures](https://millionrounds.com/fund/matchstick-ventures)
- **1** Jul **[Inspectorio](https://millionrounds.com/company/inspectorio)** Growth · $50M *With* [Matchstick Ventures](https://millionrounds.com/fund/matchstick-ventures)
- **3** Jun **[HLRBO](https://millionrounds.com/company/hlrbo)** Seed · $2.5M *Led by* [Mairs & Power Venture Capital](https://millionrounds.com/fund/mairs-and-power-venture-capital)

## Stages This Year

13 rounds

- Venture **31%**
- Seed **23%**
- Growth **15%**
- Series B **15%**
- Pre-seed **8%**
- Other **8%**

## What They Backed

Sectors, last 12 months

- Healthcare **4**
- B2B **2**
- HR Tech **2**
- E-commerce **1**
- Consumer Goods **1**
- Consumer Apps **1**

## Cheques by Quarter

Led Joined

2 Q1 25

4 Q2 25

6 Q3 25

7 Q4 25

3 Q1 26

3 Q2 26

5 Q3 26

Q4 26

The last bar is the quarter still running.

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[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in Saint Paul

### Who are the most active investors based in Saint Paul?

By cheques observed, the most active are Matchstick Ventures, Sofia Fund, MacroVentures, Mairs & Power Venture Capital and Bush Foundation.

### How many investors based in Saint Paul are there?

37 are on record. 8% made an investment in the last 12 months and 5% have led a round.

### Which stages do investors based in Saint Paul back?

Of the rounds with a named stage in the last 12 months, mostly Seed (33%) and Growth (22%).

### How big are the rounds investors based in Saint Paul join?

The typical (median) round among the leading investors here is $3.3M.

### Which sectors do investors based in Saint Paul back most?

In the last 12 months, mostly Healthcare, B2B and HR Tech.

### Which investors based in Saint Paul lead the most rounds?

Matchstick Ventures (2 led) and Mairs & Power Venture Capital (1 led).

### What have investors based in Saint Paul invested in recently?

Recent rounds include Kipsu (Growth, Sept 2026, with Matchstick Ventures), Althea (Venture, Sept 2026, with Matchstick Ventures) and Claros Technologies (Series B, Aug 2026, with Bush Foundation).

### How is this list of investors based in Saint Paul ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)