Brightstone Venture Capital
PE / VC
1985
$100 M
Minneapolis, Minnesota, United States
Profile
Brightstone Venture Capital is a venture capital firm based in Minneapolis, Minnesota, founded in 1985. The firm is led by experienced partners including David Dalvey, Patrick O'Shaughnessy, and Jeff Cowan, who bring decades of experience in venture finance, investment banking, and early-stage management. Brightstone is known for its deep operating experience and successful investment background, focusing on building exceptional companies.
Brightstone invests primarily in early-growth stage opportunities across sectors such as technology and life sciences. Their sector focus includes data storage and management, virtual/augmented reality, AI/machine learning, enterprise security, blockchain, cloud infrastructure, regenerative medicine, stem cell research, and genomics. The firm manages a $100 million venture fund and typically invests in companies based in the United States.
Notable investments by Brightstone include FLYR Labs - AI-based revenue optimization, Wasabi - cloud storage platform, BiteSquad - food delivery service, VRChat - virtual reality social network, and FlipGrid - network app sold to Microsoft. These investments highlight Brightstone's commitment to supporting innovative and disruptive companies in their respective fields.
Industry
Brightstone Venture Capital Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
BVC2
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
Real Estate
SaaS
Software
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$25 M
|
August 2017
|
|
BVC3
|
Venture Capital (VC)
|
Healthcare Services
Real Estate
Robotics
SaaS
Software
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$41 M
|
July 2022
|
