Great North Labs, a St. Cloud and Minneapolis, Minnesota—based an early-stage venture capital firm, closed its first seed fund, at $23.7M.
Great North Labs is an early-stage venture capital firm focused on cultivating the next generation of tech startups across the Upper Midwest.
Led by Managing Partners Ryan Weber, Rob Weber, and Pradip Madan, Great North Labs invests in consumer or enterprise startups that:
– have potential to reach a $1B market,
– show early signs of product-market fit,
– possess defensible attributes, and
– leverage new technology.
The firm is industry agnostic and leverages a hybrid model which emphasizes advisory support and guidance for portfolio companies along with capital investment. It also provides educational support in valuable industry skills, such as Lean Startup, Agile Scrum, and Innovation Design, at low cost for founders and students through the Great North Labs Startup School.
Startups must be based in, or significantly tied to, the Upper Midwest.
The firm has a partner located in Silicon Valley.