Mairs & Power
Emerging managerSEC-registered investment adviser.
- HQ
- MN
Mairs & Power entered venture capital, mainly investing in seed and early-stage rounds for companies based in the Upper Midwest. The firm lists John Bergstrom and Scott Burns as General Partners, with Ryan Meany and Elise Riniker on its team.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Seed | Not enough dated deals |
| Sectors | Not stated | Not enough dated deals |
| Regions | IL, IA, MN, ND, SD, WI | 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 |
|---|---|---|---|
| Mairs & Power Ventures Fund II, LP Mairs & Power's venture capital program invests primarily in seed and early-stage funding rounds for companies located in the Upper Midwest, alongside its mutual funds and individually managed accounts. Inferred from the firm's website | 2024 | $32.83M (Form D) | Raising |
| Mairs & Power Ventures Fund I, LP | 2021 | $19.16M (Form D) | Follow-ons only |
03 · People across funds
- John Bergstrom, General Partner
Mairs & Power Ventures Fund II, LP (Named on Form D); Mairs & Power Ventures Fund I, LP (Named on Form D)
- Mark Henneman, Executive officer of the Issuer's general partner and investment manager
Mairs & Power Ventures Fund II, LP (Named on Form D); Mairs & Power Ventures Fund I, LP (Named on Form D)
- Melissa Gilbertson, Executive officer of the Issuer's general partner
Mairs & Power Ventures Fund I, LP (Named on Form D)
- Robert Mairs, Executive officer of the Issuer's general partner
Mairs & Power Ventures Fund II, LP (Named on Form D); Mairs & Power Ventures Fund I, LP (Named on Form D)
- Scott Burns, General Partner
Mairs & Power Ventures Fund II, LP (Named on Form D); Mairs & Power Ventures Fund I, LP (Named on Form D)
- Elise Riniker, Venture Capital Senior Associate
Mairs & Power Ventures Fund II, LP (Team); Mairs & Power Ventures Fund I, LP (Team)
- Ryan Meany, CPA, Venture Capital Fund Operations Associate
Mairs & Power Ventures Fund II, LP (Team); Mairs & Power Ventures Fund I, LP (Team)
- Ryan Meany, Venture Capital Fund Operations Associate
On the team page, not linked to a fund
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- HTTPS://WWW.MAIRSANDPOWER.COM
- https://www.mairsandpower.com/contact-us
- https://www.mairsandpower.com/about-us/team
- https://www.mairsandpower.com/about-us/about-the-firm
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026