Welcome back to the Great North Ventures newsletter! (Sign up here!) We are excited for the launch of our new podcast and Fund II investing!

Our new podcast is live! Check out “Execution is King” on SpotifyGoogle PodcastsApple Podcasts, or wherever you get your podcasts!

Join me, Josef Siebert, and either Ryan or Rob Weber as we interview founders, investors, and ecosystem builders to uncover insights and best practices for the next generation of global startup founders. 

As mentioned in our last newsletter, Fund II is now open for business! We have officially made our first investment outside of our own venture studio projects. Early-stage founders, check out our Founders page for criteria and to get in touch.

Portfolio Updates

Skillit is new to the portfolio! Skillit is a jobs and recruitment platform that matches skills-tested carpenters with great construction firms.

Flywheel has raised a $22M Series C round from 8VC, Great North Ventures, and others. Flywheel will use raised capital to acquired St. Louis-based Radiologics.

TeamGenius raises $1.1 million to expand its athlete development platform

Airbnb partner Migo taps NoiseAware for noise-monitoring solution

PrintWithMe Announces New Platform for Expansion, WithMe, Inc.

FactoryFix Successful Series “Factory Made” Offers Viewers Peak into American Manufacturing

Hotels open the door to the next evolution in room service [2ndKitchen]
 

Open Positions

See all open positions on the Great North Ventures careers page

Great North Venturesis hiring 6 interns for Summer 2022

Dispatch is hiring for 41 positions

FactoryFixis hiring for 7 positions

TeamGeniusis hiring for 1 position

2ndKitchenis hiring for 5 positions

PrintWithMe ishiring for 13 positions

Parallaxis hiring for 9 positions

Branch is hiring for 14 positions

Inhabitr is hiring for 3 positions

Clinician Nexusis hiring for 1 position

PartySlateis hiring for 1 position

Flywheelis hiring for 2 positions

Welcome to the Great North Ventures newsletter!

Yes, you read that correctly: Great North VenturesWe have had some big news come out lately, and the name change to Great North Ventures better reflects our organization.
 

We Launched a Venture Studio

The Great North Venture Studio co-creates startups to tackle focused market opportunities. We pair with talented founders and operators to generate 1-2 startups every year. The first startup is a consumer app in the collectible sports card trading space. 

Read more about the venture studio in our announcement.

“While there is no shortage of good business ideas, a dilemma exists in how those ideas are executed, Rob Weber said. The studio model curtails this hurdle, while offering funds such as Great North Ventures an advantage in the ultracompetitive investment market, especially with more early-stage funds entering the scene, by creating proprietary deal flow, he said.” (Read more in the Star Tribune)

The ideal companies that will launch from the studio are quick-to-market, digital products focused on health care and life sciences, financial services, consumers, real estate, transport and logistics, workforce development and education, and business-to-business.
 

New Name, New Venture Studio, and New Fund

These changes  are all connected to our investing. As we complete our final investments from our inaugural fund and start investing from Fund II, we have evolved our model. 

By co-creating ventures, we will produce unique deals for investors, and unique opportunities for talented operators.

By widening our geographic focus to invest in founders wherever they are, we are open to more quality early-stage opportunities and founders. 

By changing our name, we reflect these changes from our Fund I model to our new investment strategy. 

Stay tuned for more changes as we update our content and presence across online platforms, to clarify and better serve investors, founders, and talented operators. 

Portfolio News

SiteKick is new to the Great North Ventures portfolio! SiteKick is a construction site monitoring and reporting software platform intended to effortlessly monitor and report on critical construction site activities.

Allergy Amulet closed a $4.1M round of funding. “The world’s smallest & fastest consumer food allergen sensor” will officially launch in late 2021. 

Flywheel‘s CTO, Gunnar Schaefer, did a Q&A with the Tech Tribune where he talks about working in medical imaging at Stanford, realizing a huge problem presented to researchers, and how Flywheel solves it. 
 

Job Board

Dispatch is hiring
Territory Sales Manager- Las Vegas, NV/REMOTE
Territory Sales Manager- Phoenix, AZ/REMOTE
Territory Sales Manager- Tucson, AZ/REMOTE
Territory Sales Manager – West Region – REMOTE (OR)
Territory Sales Manager – West Region – REMOTE(UT)
Territory Sales Manager – Mid Atlantic – REMOTE
Territory Sales Manager – South Atlantic – REMOTE
Software Engineering Manager – REMOTE
Vice President of Product – REMOTE
Business Development Intern – REMOTE

Structuralis hiring
Director of Sales – Twin Cities, MN or Indianapolis, IN, or REMOTE
Enterprise Sales Consultant – West Coast or East Coast
Implementation Specialist – Twin Cities, MN or Indianapolis, IN

FactoryFixis hiring
Senior Full Stack Developer – Chicago, IL or Madison, WI or REMOTE
Infrastructure Developer – DevOps – Madison, WI
Account Executive – Chicago, IL

TeamGeniusis hiring
Vice President, Marketing – Minneapolis, MN or REMOTE
Lead Engineer, Mobile Development – Minneapolis, MN

2ndKitchenis hiring
Backend Developer – New York City, Chicago, or REMOTE
Frontend Developer – New York City, Chicago, or REMOTE
Account Executive, Hotels – Chicago, IL

PrintWithMe ishiring
Regional Multifamily Housing Sales Director (East Coast) – Philadelphia, PA
Regional Multifamily Housing Sales Director (East Coast) – Washington, D.C.
Regional Multifamily Housing Sales Director (West Coast) – Sacramento, CA
National Account Director, Multifamily Housing – Chicago, IL
Director, Demand Generation – Chicago, IL
Inside Sales Manager, Training – Chicago, IL
Strategy Intern (MBA) – Chicago, IL
IT Network Support Specialist – Chicago, IL
Technical Support Specialist – Chicago, IL
Inventory and Logistics Specialist (Part Time) – Chicago, IL
Shipping and Receiving Technician (Part Time) – Chicago, IL

Parallaxis hiring
Customer Success Consultant (CSC) – Edina, MN
Customer Success Specialist (CSS) – Edina, MN

Branch is hiring
Senior Android Engineer – REMOTE
Data Science Engineer – REMOTE
Sr. Software Engineer – Minneapolis, MN or REMOTE

Inhabitr is hiring
Chief Growth Officer/Head of B2C Growth – Chicago, IL
Sales and Customer Experience Associate – Chicago, IL

Clinician Nexusis hiring
Customer Success Manager – Minneapolis, MN

NoiseAwareis hiring
Customer Advocate – Dallas, TX or REMOTE
Strategic Account Manager – Dallas/Austin/Denver or REMOTE
Cloud Solutions Architect – REMOTE
Front End Developer – Dallas/Austin, TX or REMOTE
Senior IT Specialist – Dallas/Austin, TX or REMOTE
Senior Demand Generation Manager – REMOTE
Senior Partner Marketing Manager – REMOTE
Scrum Master- Dallas/Austin, TX or REMOTE
Director of Product Management- Austin/Dallas, TX or REMOTE
Software Product Manager- Dallas/Austin, TX or REMOTE

PartySlate is hiring
Account Executive- Chicago, IL

Flywheelis hiring
Director of Marketing, Demand Generation – REMOTE
Frontend Engineer- REMOTE
Platform Engineer (DevOps)- REMOTE

Welcome back to the Great North Labs newsletter!

With so many great startups getting acquired or going IPO lately, one wonders: What do founders do when they score these big windfalls?
 

How Do Founders Spend Their Cash?

Rob Weber was curious, so he asked other successful founders from the region about their post-exit strategies. Do they do the kind of flashy things coastal entrepreneurs do? You know, like buy an island or a 100-foot yacht or something?

From Lamborghinis to Hamm’s beer signs, traveling the world to giving back to their local entrepreneurial communities, these founders have quite the stories. 

Read the full article in BuiltIn Chicago,

The Weird and Wonderful Things Midwest Founders do After They’ve Had a Big Exit“. 
 

How University of St. Thomas Raises Up Startup Entrepreneurship


The University of St. Thomas (UST) has ~10,000 students, with over 34,000 business school alumni around the world. Recently, UST announced the end of their full-time MBA offering. At first glance, that may seem like a blow to the future of entrepreneurial development at the university. We dug into the details to get a better of picture of what’s going on at the university to support innovation, startups, and entrepreneurs. 

“We Don’t Need No [full-time MBA] Education” highlights the meaningful startup and entrepreneurship efforts at UST, as the university innovates its own educational offerings. 

Our Senior Analyst, Mike Schulte (JD/MBA ’17), shared his experience and insights into the university including these highlights: 

Events

Here is a mix of upcoming events for investors, founders, and/or ecosystem supporters. All events listed are virtual unless otherwise noted.

Portfolio News

Flywheel is new to the Great North Labs portfolio! Flywheel is the leading research data platform that provides the tools needed for data import, automated curation, image processing, machine learning workflows, and secure collaboration. By leveraging cloud scalability and automating research workflows, Flywheel helps organizations scale research data and analysis, improve scientific collaboration and accelerate discoveries.

Allergy Amulet launched their product! “The world’s smallest & fastest consumer food allergen sensor” quickly sold out. Sign up on the Allergy Amulet website to receive info on future release dates. 

“Flywheel raises $15 mn co-led by Beringea and 8VC”. Flywheel’s series-B round included Great North Labs as well as well-known global VCs.

“Venture capitalists invested a record $1.9B in Minnesota in 2020”. The $1.9B in VC included EmpowerU’s recent raise, along with Bright Health, Arctic Wolf, and Revol Greens. 

See our Job Board

May newsletter
Great North Ventures

$40M Fund II Raised!

Great North Ventures Raises $40M Fund II
Great North Ventures

Great North Ventures Raises $40 Million Fund II

Investment Thesis: Fund II Strategy
Great North Ventures

Investment Thesis: Fund II Strategy

Investment Thesis: Community-Driven Applications
Great North Ventures

Investment Theme: Community-Driven Applications

Great North Labs Newsletter December 2017
James DonFrancesco

Great North Labs Newsletter – December 2017

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Rob Weber

A Letter To My Younger Self

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Great North Labs Newsletter