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Bread and Butter Ventures is an early-stage venture capital firm based in Minneapolis, Minnesota. Founded to support entrepreneurs globally, the firm leverages local industry networks and insights to enhance the growth of its portfolio companies. The firm specializes in seed-stage investments, focusing on sectors that are critical to modern society.
Currently, Bread and Butter Ventures operates with a team of four professionals, including managing partners Brett Brohl and Mary Grove. The firm has established a notable presence in the venture capital landscape, particularly in the food tech, health tech, and enterprise SaaS sectors. Their commitment to innovation is reflected in their diverse portfolio, which includes over 60 companies.
Bread and Butter Ventures primarily invests in seed-stage companies across three essential sectors: food tech, health tech, and enterprise SaaS. In the food tech sector, the firm targets tech-enabled companies within the food value chain, specifically excluding consumer packaged goods (CPG). This focus allows them to support innovations that enhance food systems.
In health tech, the firm backs digital health and vertical SaaS companies, emphasizing technology that democratizes access to quality care. Their enterprise SaaS investments target software and platforms that improve organizational efficiency across various sectors, including supply chain and commerce. This strategic focus enables Bread and Butter Ventures to identify and support transformative companies that align with their investment thesis.
Bread and Butter Ventures has built a diverse portfolio of notable companies across its focus sectors. Key portfolio companies include:
Brett Brohl: Managing Partner at Bread and Butter Ventures, Brett has a background in venture capital and entrepreneurship. He has led numerous investments in the food tech and health tech sectors.
Mary Grove: Managing Partner, Mary co-founded the nonprofit Silicon North Stars, which focuses on mentoring young Minnesotans in technology careers. She brings extensive experience in supporting early-stage companies.
Stephanie Rich: Partner, Platform, Stephanie specializes in providing operational support and resources to portfolio companies, helping them scale effectively.
Anna Willgohs: Executive Assistant, Anna supports the team in various operational capacities, ensuring smooth operations within the firm.
To pitch to Bread and Butter Ventures, founders should email hello@breadandbutterventures.com. It is recommended to include a pitch deck that outlines the business model, market opportunity, and team background. Response times may vary, but founders can expect to hear back within a few weeks.
Bread and Butter Ventures co-founded the nonprofit program Silicon North Stars, which focuses on educating and mentoring young Minnesotans from underserved communities towards careers in technology. This program provides resources and support to help participants develop skills necessary for success in the tech industry.
Additionally, the firm runs Brett's Brain, a YouTube channel that offers tips and best practices for entrepreneurs, helping them navigate the challenges of starting and growing a business.
As of October 2023, Bread and Butter Ventures continues to expand its portfolio, focusing on seed-stage investments in food tech, health tech, and enterprise SaaS. The firm has recently added several companies to its portfolio, including BetterMynd and Bizzy Coffee, which align with its investment thesis.
Additionally, the firm is actively involved in community initiatives, such as Silicon North Stars, which aims to educate and mentor young individuals from underserved communities in technology careers.
What are the investment criteria for Bread and Butter Ventures?
Bread and Butter Ventures focuses on seed-stage companies in food tech, health tech, and enterprise SaaS. They seek tech-enabled innovations that enhance the food system, democratize healthcare access, and improve organizational efficiency.
How can I apply or pitch to Bread and Butter Ventures?
Founders can pitch their ideas by emailing hello@breadandbutterventures.com. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes Bread and Butter Ventures different from other venture capital firms?
The firm leverages local industry networks and insights to support its portfolio companies, providing unique advantages in the food tech and health tech sectors. Their focus on seed-stage investments allows them to work closely with founders from the beginning.
What is the geographic scope of Bread and Butter Ventures?
Bread and Butter Ventures invests globally, allowing them to tap into diverse markets and innovative startups across various regions.
What is the firm's post-investment involvement like?
Bread and Butter Ventures actively engages with its portfolio companies, providing mentorship, resources, and access to their industry networks to help startups scale effectively.
What is the typical check size for investments?
While specific check sizes are not disclosed, the firm specializes in seed-stage investments, which typically range from $100,000 to $1 million.
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