Mairs & Power Private Capital Management recently announced the hiring of Scott Burns as General Partner.
Mairs & Power Private Capital Management, dba Mairs & Power Venture Capital, is a wholly owned subsidiary of Mairs & Power, Inc., that was launched in 2022. Its mission is to partner with high potential venture-stage companies, particularly in the Software, Business Services, Healthcare, FinTech, EdTech, and other high growth sectors. Like its nearly 100-year-old parent company, Venture Capital focuses on companies located in the Upper Midwest states of Minnesota, Wisconsin, Illinois, Iowa, and the Dakotas.
Scott Burns joins John Bergstrom, who helped launch Mairs & Power Private Capital Management in 2022 and was the first General Partner, and Austin Uline, hired as principal in 2022. With a dynamic career spanning 25 years and a deep-rooted passion for supporting entrepreneurs, Burns brings his own extensive entrepreneurial experience across multiple successful ventures, having founded GovDelivery and Structural. He has also been an active investor in startups and growth enterprises since 2010 through direct investments in companies and through participation in a number of venture capital funds. In 2021, Minnesota Governor Tim Walz appointed him to the Governor's Council on Economic Expansion which published a roadmap for economic expansion for the state of Minnesota in June 2022.
“The combination of John’s career of investing in, consulting with, and providing board governance to venture-stage companies and Scott’s experience starting, growing, and exiting private companies makes this a formidable venture capital team,” said Mark Henneman, Chairman and CEO of Mairs & Power. “I’m eager to see what they can accomplish as they come alongside venture-stage companies and unearth new investment opportunities.”
More information is available at mairsandpower.vc.