The short answer
Our database lists 134 startup investors based in Minnesota, concentrated in Minneapolis (74), Wayzata (12). 20 are angels or syndicates and 32 list pre-seed as a stage they invest in. (Zalarma investor database, as of 2026-11-01.)
Where they are in Minnesota
Cities with at least 10 startup investors listed in our database.
| City | Startup investors |
|---|---|
| Minneapolis | 74 |
| Wayzata | 12 |
What stages they back
Of the 84 records in Minnesota that list a stage, here is how many invest at each one (investors often list several).
Investors by stage
Who they are
The mix of investor types tells you where your first checks are most likely to come from.
Investors by type
Sectors they focus on
Sector focus as listed on each record. Generalists who list many sectors are counted in each.
Investors by sector focus
Typical check sizes
Based on the 85 records that list a check size (we use the low end of a stated range).
Investors by typical check size
Firms with the most investors listed in Minnesota
Firms ranked by how many of their investors in Minnesota appear in our database with a stage listed. A useful starting map of who is active locally, not a ranking of quality.
| Firm | Main stages | Listed |
|---|---|---|
| Bread and Butter Ventures | Seed, Series A | under 10 |
| Atland Ventures | Pre-seed, Seed | under 10 |
| Arthur Ventures | Seed, Series A, Series B+ | under 10 |
| Brown Venture Group | Seed | under 10 |
| Rally Ventures | Series A | under 10 |
| Great North Ventures | Seed, Series A | under 10 |
| Gravity Fund | Seed, Series A | under 10 |
| Vensana Capital | Pre-seed, Seed, Series A, Series B+ | under 10 |
| Engage Venture Partners | Seed, Series A | under 10 |
| Versant Ventures | Pre-seed, Seed, Series A | under 10 |
| Dundee Venture Capital | Pre-seed, Seed | under 10 |
How to raise in Minnesota
- Start local. Minneapolis has the deepest bench in the state, followed by Wayzata. Local investors can meet you in person, check references fast and introduce you to the next check.
- Family offices outnumber angels in our Minnesota data (47 vs 20). Many invest directly in companies tied to the region or to how the family built its wealth, so lead with the local story and expect a relationship-first process.
- Widen the circle to neighbouring states: Wisconsin, Illinois, Missouri. Many regional investors back companies within a day's drive.
- Use a warm-intro plan for the top 25 names and a short cold email for the rest.
About this data
Counts are records in the Zalarma investor database, as of 2026-11-01: angels, venture firms and their partners, micro-VCs, family offices, corporate VCs and accelerators that list startup investing. One investor can appear in several stage or sector rows. Stage, sector and check size come from what each record lists, so not every record has every field. Counts under 10 are not shown. Firm names are listed; we do not publish personal contact details on this site. Read how we build and check the data.
Frequently asked questions
How many startup investors are in Minnesota?
The Zalarma investor database lists 134 startup investors based in Minnesota as of 2026-11-01, including angels, venture firms and their partners, family offices, corporate VCs and accelerators.
Which Minnesota cities have the most startup investors?
In our data: Minneapolis (74), Wayzata (12).
Are there pre-seed investors in Minnesota?
Yes. 32 startup investors in Minnesota list pre-seed as a stage they invest in, and 73 list seed.
Do Minnesota investors only fund Minnesota companies?
No. Many invest regionally or nationally, but local investors are often the fastest first checks because they can meet you and check references in person. Check each investor's focus before reaching out.
How do I get introduced to these investors?
Shortlist the 20 to 30 investors whose stage, sector and check size fit your round, then look for a warm path through founders they backed, local angel groups, lawyers and accelerators. Zalarma can build that shortlist for you.