VC firm
Mairs & Power Venture Capital
Also known as Mairs & Power Ventures Fund I, LP, Mairs & Power Ventures Fund II, LP
- Investor type
- VC
- Investing status
- Activeas of 2026-09-21Source (opens in a new tab)
- Headquarters
- ST. PAUL, MN, United States
- Assets under management
- $59.3MForm ADV private fund GAV, as of 2026-04-20Source (opens in a new tab)
- Latest fund size
- $32.8MSEC amount sold, as of 2024-11-13Source (opens in a new tab)
- Funds
- 3
- Check size
- A typical initial investment averages $1 million per company and our total capital commitment to each portfolio company can, over time, be up to double our initial investment.Source (opens in a new tab)
- Legal name
- MAIRS AND POWER INC
- mairsandpower.vc (opens in a new tab)
- LinkedIn (opens in a new tab)
- Portfolio page (opens in a new tab)
- Team page (opens in a new tab)
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Record updated 29 September 2026
About
We are committed to partnering with high potential venture-stage companies located in the Upper Midwest states of Minnesota, Wisconsin, Illinois, Iowa, and the Dakotas.
Investment approach
- Thesis
- To achieve our investment objectives, we partner with companies and founders who have compelling growth prospects, a sufficiently large addressable market, and a logical exit scenario based on M&A markets.Source (opens in a new tab)
- Eligibility
- We are committed to partnering with high potential venture-stage companies located in the Upper Midwest states of Minnesota, Wisconsin, Illinois, Iowa, and the Dakotas.
- Investing status notes
- We are committed to partnering with high potential venture-stage companies located in the Upper Midwest states of Minnesota, Wisconsin, Illinois, Iowa, and the Dakotas.
Funds
- Mairs & Power Ventures Fund II, LP
- $32.8MVintage 2023, Main fund, SEC amount sold
- Mairs & Power Ventures Fund I, LP
- $19.2MVintage 2021, Main fund, SEC amount sold
- MAIRS & POWER VENTURES FUND II, LP
- Main fund
SEC registration
- Registered adviser
- MAIRS AND POWER INC
- CRD number
- 110351 (opens in a new tab)
- SEC file number
- 801-2731
- Registration
- SEC registered
- Regulatory AUM
- $12.1Bas of 2026-04-20
- Private funds reported
- 2
- Principal office
- ST. PAUL, MN, United States
- SEC CIK
- 1857697, 2018100
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