DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Mairs & Power Venture Capital
Mairs & Power Venture Capital
venture manager, reported GAV $19.2M across 1 vehicles
Importance
6
low
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
1
low
Identity and regulatory footprint
- Headquarters
- St. Paul, MNadviserinfo.sec.gov
- Office address
- 30 E 7TH STREET, SUITE 2500, St. Paul, MN, 55101-4914adviserinfo.sec.gov
- Business phone
- 651-314-3525adviserinfo.sec.gov
- Website
- https://mairsandpower.vc/
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2023
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $19.2Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $19.2Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 44
- Owners on Schedule A
- Mairs & Power (Member), E
- business email
- john@mairsandpower.vcmairsandpower.vcpublished by the subject
- business email
- elise@mairsandpower.vcmairsandpower.vcpublished by the subject
- business email
- hello@mairsandpower.vcmairsandpower.vcpublished by the subject
- business email
- ryan@mairsandpower.vcmairsandpower.vcpublished by the subject
- business email
- scott@mairsandpower.vcmairsandpower.vcpublished by the subject
- business phone
- 651-314-3525adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- ai, enterprise software, fintech, healthcare, consumer, marketplaces, climate, hardware, space, edtech, logistics
- Stages
- early
- Geography
- chicago, global, midwest, minnesota, wisconsin
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Mairs & Power Ventures Fund I, LP | Fund | 2021 form d first sale | Mature | $19.2M Mar 31, 2023 | 58 | $19.2M | Sep 7, 2023 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
5 current, 7 departed
Mark Larry Henneman
Founder or executivePresident · since Jun 1, 2021
John Craig Bergstrom
PartnerChief Investment Officer · since Jun 1, 2021
Luke Andrew Odegaard
Platform and operationsTreasurer · since Jun 1, 2021
Robert William Mairs
Platform and operationsChief Compliance Officer,Vice President And Secretary · since Jun 1, 2021
Melissa Mary-Elizabeth Gilbertson
Vice presidentVice President · since Apr 1, 2022
7 departed (kept with end dates)
- Andrew Robert Adams · Chief Investment Officer, Executive Vice President And Director · May 1, 2006 to Mar 31, 2023 Inference
- Andrea Carola Stimmel · Chief Compliance Officer · Jun 1, 2021 to May 6, 2022 Inference
- Glenn Earl Johnson · Senior Vice President, Director Of Portfolio Management, And Director · Feb 1, 2010 to Mar 31, 2023 Inference
- Justin Mark Miller · Vice President, Manager Equity Analysts, Director · Feb 1, 2015 to Mar 31, 2023 Inference
- Kevin Vincent Early · Vice President, Investment Manager And Director · Apr 1, 2016 to Mar 31, 2023 Inference
- Allen David Steinkopf · Vice President And Investment Manager · Sep 1, 2013 to Mar 31, 2022 Inference
- Peter J. Johnson · Vice President And Investment Manager · Jun 1, 2010 to Mar 31, 2022 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
9 dated events
- Mar 31, 2023Andrew Robert Adams (Chief Investment Officer, Executive Vice President And Director) no longer on Schedule A of Mairs & Power Venture Capital
- Mar 31, 2023Justin Mark Miller (Vice President, Manager Equity Analysts, Director) no longer on Schedule A of Mairs & Power Venture Capital
- Mar 31, 2023Kevin Vincent Earley (Vice President, Investment Manager And Director) no longer on Schedule A of Mairs & Power Venture Capital
- Mar 31, 2023Glenn Earl Johnson (Senior Vice President, Director Of Portfolio Management, And Director) no longer on Schedule A of Mairs & Power Venture Capital
- May 6, 2022Andrea Carola Stimmel (Chief Compliance Officer) no longer on Schedule A of Mairs & Power Venture Capital
- Apr 1, 2022Melissa Mary-Elizabeth Gilbertson joined Schedule A of Mairs & Power Venture Capital as Chief Operating Officer
- Mar 31, 2022Allen David Steinkopf (Vice President And Investment Manager) no longer on Schedule A of Mairs & Power Private Capital Management, LLC
- Mar 31, 2022Peter James Johnson (Vice President And Investment Manager) no longer on Schedule A of Mairs & Power Private Capital Management, LLC
- Jun 21, 2021Mairs & Power Private Capital Management, LLC first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $19.2M across 1 vehicles
Evidence
35 observations from 2 sources