Bread & Butter Ventures

Emerging manager

Built from this firm's Form D filings. The firm files no SEC adviser report.

Website: https://www.breadandbutterventures.com
HQ: MN

Bread and Butter Ventures is an early stage venture capital firm based in Minnesota that invests globally. Its focus areas include food tech, health tech, and enterprise tech. The team includes Managing Partners Brett Brohl and Mary Grove, Partner Stephanie Rich, and Operations Manager Anna Willgohs.

01 · Says / Does

Tag	Says	Does
Stages	Seed	Not enough dated deals
Sectors	Enterprise SaaS, Vertical SaaS, Healthtech, Digital health, Foodtech	Not enough dated deals
Regions	Global	Not enough dated deals

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

02 · Fund history

Fund	Year	Size	Status
Bread & Butter Ventures Fund IV, LP Early stage venture firm backing seed stage companies in food tech, health tech, and enterprise tech. Food tech means software and hardware across the food value chain, not CPG. Health tech means digital health and vertical SaaS, not FDA-regulated devices or pharmaceuticals. Inferred from the firm's website	approx. 2023	$60M (Form D)	Open, writing first checks
Bread & Butter Ventures Fund III, LP	approx. 2020	$25M (Form D)	Follow-ons only

03 · People across funds

Brett Brohl, Managing Partner
Bread & Butter Ventures Fund IV, LP (Named on Form D); Bread & Butter Ventures Fund III, LP (Named on Form D)
Mary Grove, Managing Partner
Bread & Butter Ventures Fund IV, LP (Named on Form D); Bread & Butter Ventures Fund III, LP (Named on Form D)
Anna Willgohs, Operations Manager
Bread & Butter Ventures Fund IV, LP (Team); Bread & Butter Ventures Fund III, LP (Team)
Stephanie Rich, Partner, Platform
Bread & Butter Ventures Fund IV, LP (Team); Bread & Butter Ventures Fund III, LP (Team)

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026