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Brightstone Venture Capital Targeting $50 for Third Funding Round

What to know about the third fund from Brightstone Venture Capital:

  • Brightstone Venture Capital, the Minneapolis-based early-stage investment firm, is targeting $50 million for its third fund
    • The firm has already raised $24.5 million for the round
  • The firm’s first and second funds clocked in around $20 million and $30 million respectively
  • Brightstone currently has 30 investments, 14 of which are based in the Twin Cities
    • Some of the firms more high profile investments include Bitesquad (acquired by Waitr Holdings for $323 million in 2019), HomeSpotter (acquired by Lone Wolf Technologies in May 2021), and Flipgrid (acquired by Microsoft in 2018)
  • The firm usually invests between $1 million and $5 million into startups

Interested in learning more about Minnesota venture capital? Check out our Ultimate Guide!

Minnesota Venture Capital: The Ultimate Guide

Alex Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and When he’s not writing or editing, there’s a good chance he’s enjoying a refreshing brew and explaining the merits of heavy metal (of which there are many).