Mairs & Power Ventures

VC firm · St. Paul, MN

SEC-registered adviser

Venture firm based in St. Paul, MN. Most recent fund on file: Mairs & Power Ventures Fund II, LP ($32.8M offering), filed Nov 2025. Partners sit on the boards of 6 startups that raised recently.

“Mairs & Power is an SEC registered investment advisor founded in 1931. We offer mutual funds and individually managed accounts for investors of all sizes, whether large institutions, nonprofit organizations or individuals with large or modest funds to invest. As a small firm, you’ll find us approachable, with an investment process that is easy to understand and straightforward fees that are among ” (from the firm’s website)
Stages
Pre-seed to Series A
Typical check (est.)
$325K–$1M
Latest fund
$32.8M · Nov 2025
Last verified activity
Sep 2025

Focus

Climate & EnergyB2B SoftwareInsurtech

Recent portfolio activity

  • Lunr Capital

    Board seat · MN

    Sep 2025
  • Bonsai Data Solutions

    Board seat · IL

    Jun 2025
  • ProvenAir Technologies

    Board seat · IL

    Aug 2024
  • House of Rock

    Board seat · NV

    Jan 2024
  • Galileo Education Holdings

    Board seat · TN

    Oct 2023
  • BetterTime

    Board seat · MN

    Aug 2023

Funds and vehicles on SEC file

  • Mairs & Power Ventures Fund II, LP

    Fund · $32.8M offering

    Nov 2025
  • Mairs & Power Ventures Fund I, LP

    Fund · $19.2M offering

    Sep 2023

Sources

Profile last verified Oct 12, 2026. Is this you? Correct or remove this profile.