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 / Great North Ventures
Great North Ventures
Institutional venture firmMaple Grove, MNgreatnorthventures.comSEC venture capital fund adviserfundraising evidence
Operators Turned Investors We invest early into Vertical AI and Embedded Finance
venture manager, reported GAV $72M across 7 vehicles
Importance
30
moderate
Active deployment
90
high
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
26
moderate
Identity and regulatory footprint
- Headquarters
- Maple Grove, MNadviserinfo.sec.gov
- Office address
- 9912 WALNUT GROVE LN N, Maple Grove, MN, 55311adviserinfo.sec.gov
- Business phone
- 320-224-6028adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Jun 5, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $76.0Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Great North Capital Management GP, LLC (General Partner), E; 32 Degrees, LLC (Sole Member And Manager), E
- business phone
- 320-224-6028adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
32 observed deals
Stated (the firm’s website)
- Sectors
- ai, fintech
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 88%Other Technology 9%Other 3%
lead rate n/afollow-on rate n/anew logos, 12 months 32
Funds and vehicles
7 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Gnv-Pear Commerce Spv, LLC | SPV or co-invest vehicle | 2024 adv first reported | Early deployment | $843,150 Mar 30, 2024 | 14 | unknown | unknown |
| Gnv-Sitekick Spv, LLC | SPV or co-invest vehicle | 2024 adv first reported | Early deployment | $551,250 Mar 30, 2024 | 12 | unknown | unknown |
| FF Spv Fund 2, LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $1.0M Mar 30, 2024 | 18 | unknown | unknown |
| FF Spv Fund, LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $740,751 Mar 30, 2024 | 14 | unknown | unknown |
| Great North Capital Fund II, LP | Fund | 2021 form d first sale | Mature | $37.9M Mar 30, 2024 | 172 | $41.0M | Mar 18, 2025 |
| Great North Capital Fund LLC | Fund | 2017 form d first sale | Harvest | $31.3M Mar 30, 2024 | 96 | $23.7M of $23.7M | Jun 19, 2019 |
| Great North Capital Fund III, LP | Fund | unknown | Fundraising | unknown | unknown | $0 of $40.0M | Jun 22, 2026 |
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
2 current, 0 departed
Robert Weber
Managing partnerManaging Member · since Oct 1, 2005
Ryan Weber
Managing partnerManaging Member · since Oct 1, 2005
Investments on record
32 edges, 32 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
29 relationships from shared deals, counted for the whole firm
Hyde Park Angels, Inc. 3 shared · recurringHalogen Ventures 2 shared · recurringBand of Angels Acorn Fund, LLC 1 shared · one timeBling Capital LLC 1 shared · one timeTeamworthy Group LLC 1 shared · one timeVenture Investors LLC 1 shared · one timeWestriver Management, LLC 1 shared · one timeNext Level Ventures, LLC 1 shared · one timeTitletowntech Ventures LLC 1 shared · one timeGrotech Management Company 1 shared · one timeRally Ventures Management, LLC 1 shared · one timeHyde Park Venture Partners 1 shared · one timeComeback Capital Advisors, LLC 1 shared · one timeWayfinder Ventures Management, L.L.C. 1 shared · one timeRice Park Capital 1 shared · one timeAzolla Management Company, LP 1 shared · one timeTechfarms Capital Management, LLC 1 shared · one timeInnova Memphis, Inc. 1 shared · one timeCorazon Group LLC 1 shared · one timeIselect Fund Management, LLC 1 shared · one timeFusion Fund Silicon Valley LLC 1 shared · one timeRiverwalk Capital 1 shared · one timeQuesta Capital Management, L.L.C. 1 shared · one timeAssembly Ventures Management, LLC 1 shared · one timeGreat Oaks Management Company LLC 1 shared · one timePrime Management Company I, LLC 1 shared · one timeBrick & Mortar Ventures Management, LLC 1 shared · one timeTIAA Ventures 1 shared · one timeFuture Planet Capital Limited 1 shared · one time
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
8 dated events
- Sep 16, 2026Mustard no longer listed on Great North Ventures's portfolio pageRemoved from portfolio pagePortfolioInferenceMustardVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 30, 2024Gnv-Sitekick Spv, LLC first reported on Form ADV by Great North Ventures (Venture Capital Fund), GAV $551,250Fund first reported on Form ADVFundsFactGnv-Sitekick Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2024Gnv-Pear Commerce Spv, LLC first reported on Form ADV by Great North Ventures (Venture Capital Fund), GAV $843,150Fund first reported on Form ADVFundsFactGnv-Pear Commerce Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023FF Spv Fund 2, LLC first reported on Form ADV by Great North Ventures (Venture Capital Fund), GAV $1,049,000Fund first reported on Form ADVFundsFactFF Spv Fund 2, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023FF Spv Fund, LLC first reported on Form ADV by Great North Ventures (Venture Capital Fund), GAV $740,000Fund first reported on Form ADVFundsFactFF Spv Fund, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 15, 2021Great North Ventures first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 15, 2021Great North Capital Fund II, LP first reported on Form ADV by Great North Ventures (Venture Capital Fund), GAV $27,500,000Fund first reported on Form ADVFundsFactGreat North Capital Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 15, 2021Great North Capital Fund LLC first reported on Form ADV by Great North Ventures (Venture Capital Fund), GAV $27,945,782Fund first reported on Form ADVFundsFactGreat North Capital Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $72M across 7 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $72M across 6 vehicles
Evidence
43 observations from 3 sources