$40M Fund II Raised!

May newsletter

Welcome back to the Great North Ventures newsletter! The big news this month is the closing of Fund II! 

Source: Twin Cities Business 

We have closed our $40M Fund IIGreat North is excited to build on its Fund I success investing in startups from Seed to Series A, with a new, larger fund.

Fund II Snapshot:

  • Investment Themes: “Digital Transformation Through AI”, “Community-Driven Applications”, and “Solving Labor Problems”
  • Network-driven investing, rooted in Minnesota, spread through the Upper Midwest and beyond
  • Innovator Network of successful founders, investors, and experienced Fortune 500 operators
  • Fund II’s Venture Studio co-creates and supports ~1 startup/year from ideation through launch and beyond
  • View our Fund II Investment Thesis

Thanks to our investors, founders, team, and to our community! Read more coverage here and here.

“Great North Ventures has a strong track record,” said Rob Weber, Founder & Managing Partner. “Our investors have given us a vote of confidence by coming out strong for Fund II, with a 70% increase in fund size, and we are grateful for their continued support as well as the support of new investors. Our strategy as a thematic, network-driven investor focusing on opportunities in underserved markets is resonating, and we see this successful Fund II raise as proof of this theme and our ability to execute.”

Interested Founders can apply for funding consideration immediately. Are you looking for early-stage funding?
Do you fit one of these themes:


Visit our site to view our criteria and to apply.

Need to learn more about early-stage scaling and venture funding? Are you working on scaling and thinking about VC funding? Listen to the latest episode of Execution is King.

It features Eric Martell, Founder of Pear Commerce, former founder of EatStreet, and former Venture Partner at gener8tor. As a successful founder, investor, and now repeat founder, Eric has valuable insight on what it takes to scale and successfully utilize funding. And guess what? He shared it with us.

Like this tidbit on what remaining focused on the problem looks like: “it took some patience and dozens, if not hundreds of customer conversations, and not being super in love with any individual solution to the big problem that we were trying to solve until we found that correct solution. And it’s almost like, you know when you know, because then the business really took off.” 

Portfolio News


Amulet Launches to Bring Powerful Detection Out of the Lab and Into the Hands of Millions [Allergy Amulet]

OneMedNet Partners with Flywheel to Provide Leading Healthcare Imaging Data and Data Management Solutions 

Good Design Awards Highlight Connected Devices [Allergy Amulet]

Omnia Fishing To Simulcast Bassmaster LIVE As Shoppable Feed For Two Elite Series Eve

129 Open Positions

See all open positions on the Great North Ventures careers page

Dispatch is hiring for 49 positions

Structural is hiring for 1 position

FactoryFix is hiring for 5 positions

PrintWithMe is hiring for 19 positions

Parallax is hiring for 4 positions

Branch is hiring for 15 positions

Inhabitr is hiring for 1 positions

NoiseAware is hiring for 5 positions

PartySlate is hiring for 5 positions

Flywheel is hiring for 3 positions

Skillit is hiring for 1 position

NextGem is hiring for 2 positions

Backhouse Brands is hiring for 1 position

Yardstik is hiring for 7 positions

Micruity is hiring for 3 positions

Omnia Fishing is hiring for 8 positions

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