Brightstone Venture Capital

Brightstone Venture Capital (BVC) is a venture capital firm based in Minneapolis, Minnesota, with a history spanning nearly 40 years. Established in 1985, BVC focuses on investing in early-growth stage companies within the technology and life sciences sectors. The firm has a notable track record of building successful companies, including BiteSquad, HomeSpotter, and Verata AI, among others. BVC seeks to partner with exceptional entrepreneurs who possess innovative visions for addressing significant challenges in large and expanding markets, providing support to help them realize their ambitious goals. As a Registered Investment Adviser, BVC is committed to fostering the growth of pioneering businesses that aim to make a meaningful impact.

33 past transactions

Mosaic

Series B in 2021
Mosaic is a construction technology company building software to make residential construction more scalable. The company operates as a digital general contractor to provide construction and related services to homebuilders and residential developers, allowing them to offload their construction processes and related needs to Mosaic’s integrated platform and team. Mosaic’s platform standardizes the construction process, and not the homes, allowing them to deliver places people love and create better communities.

Eternal

Seed Round in 2020
Eternal develops an avatar social network to offer a new social networking experience. Launching a private beta in January 2020. Founded in 2018, Eternal is based in Brooklyn, New York.

Cryosa

Series A in 2020
CryOSA is a medical device company developing novel treatments for obstructive sleep apnea.

Aria CV

Series B in 2020
Aria CV was founded in 2010 by Drs. John Scandurra and Karl Vollmers, formerly Fellows at the University of Minnesota’s Medical Devices Center. Aria has an exclusive license to certain patents from the University of Minnesota. Aria CV’s device has the potential to improve outcomes by reducing the workload on the right side of the heart.

VRChat

Series C in 2019
VRchat is a virtual reality. That allows users to build social virtual reality content. Their social VR experiences by giving the creation to the community. They provide 3-D spatialized audio, games, avatar creation, and events. Their 3-D spatialized audio helps to hear the conversations.

Viosera Therapeutics

Seed Round in 2019
Viosera Therapeutics is a predict and block drug resistance in cancer and bacteria. The company discovers synergies between approved drugs and develop combinations of drugs that suppress resistance. Antibiotic resistance makes it necessary to develop better treatments for deadly infections. Viosera Therapeutics was founded in July 2016 and is headquartered in Sunnyvale, California.

Intact Therapeutics

Seed Round in 2019
Intact Therapeutics is a makers of smart gels for local drug delivery for gastrointestinal diseases.

StemoniX

Series B in 2019
StemoniX is a biotechnology company that focuses on stem cell technologies to meet the demands of drug discovery and personalized medicine. StemoniX is revolutionizing the production, growth, and development of stem cell and stem cell technologies. It was founded in 2014 and headquartered in Maple Grove, Minnesota.

CodeStream

Seed Round in 2018
CodeStream puts team chat directly into today’s most popular IDEs, making it easier for developers to talk about code and write software together. Build for coders by coders, its service helps software teams accelerate their development cycles and reduce technical debt through faster, easier communication.

CNEX Labs

Series D in 2018
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

Vathys

Seed Round in 2018
Vathys builds deep learning processors. Its architecture is a clean rethink of the processor, unconstrained by legacy limitations. Vathys was born and bred for deep learning.

Wasabi Technologies

Series B in 2018
Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured $495 million in funding to date and is a privately held company based in Boston.

Jido Maps

Seed Round in 2018
Jido is bringing in the next wave of AR where digital content can have a shared and persistent life in the real world. Our API uses intimate understanding of a users spatial context to preserve AR experiences across users and devices. Our research team came out of the Stanford Artifical Intelligence Labs and the Cornell Robot Learning Lab.

VRChat

Series A in 2017
VRchat is a virtual reality. That allows users to build social virtual reality content. Their social VR experiences by giving the creation to the community. They provide 3-D spatialized audio, games, avatar creation, and events. Their 3-D spatialized audio helps to hear the conversations.

Atavium

Series A in 2017
Atavium offers a solution that can organize, automate, manage, and store exploding unstructured data sets, regardless if they are in a data center or the cloud. Atavium’s revolutionary data management system gives its customers the ability to automate the lifecycle of their data, even before the data is created. Atavium was founded by technology and solution veterans with a legacy of delivering game-changing products with long-lasting value in the storage and networking markets. These products have been acquired by companies such as Dell, EMC, and Cisco Systems. The team also has a long history of working together at several companies.

Wasabi Technologies

Series A in 2017
Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured $495 million in funding to date and is a privately held company based in Boston.

Realvision

Seed Round in 2017
Realvision is an immersive media technology company that builds 3D media solutions for the real estate industry. Realvision is a technology platform built to support real estate agents, created for professional photographers.

VRChat

Seed Round in 2016
VRchat is a virtual reality. That allows users to build social virtual reality content. Their social VR experiences by giving the creation to the community. They provide 3-D spatialized audio, games, avatar creation, and events. Their 3-D spatialized audio helps to hear the conversations.

StemoniX

Seed Round in 2016
StemoniX is a biotechnology company that focuses on stem cell technologies to meet the demands of drug discovery and personalized medicine. StemoniX is revolutionizing the production, growth, and development of stem cell and stem cell technologies. It was founded in 2014 and headquartered in Maple Grove, Minnesota.

Bite Squad

Series A in 2015
In 2012, entrepreneurs Kian Salehi and Arash Allaei saw a need in their hometown community of Minneapolis for an easy, fast and affordable way to order delivery from all the wonderful restaurants in town. With years of restaurant experience under their belts, the pair decided to do something about it and Bite Squad was born. Bite Squad was created to be the last place you’ll ever have to go online to order cuisine for delivery or takeout. The company now partners with over 10,000 local restaurants in more than 400 cities nationwide, and employees over 5,000 drivers to deliver fresh food from the restaurant straight to the customer’s door—quickly and hassle-free!

TruBrain

Seed Round in 2015
truBrain is building the next generation performance food and beverage brand. We leverage neurotechnology to redesign solutions in food and beverage, starting by disrupting the energy drink market with products that support direct focus instead of caffeine-induced alertness. truBrain is backed by SherpaVentures, Brightstone Venture Capital, and the Start Engine accelerator fund.

Gravia

Series B in 2015
Gravia offers steel products and services tailored for construction, industry, agribusiness, and metalworking. Its products include steel plates, coils, sheets, pipes, tubes, rebars, beams, angles, wires, bars, rods, mesh, gratings, and customized steel solutions for various industries.

FlipGrid

Series A in 2015
Vidku, a Minneapolis company born out of the the University of Minnesota, enables active, social learning in classrooms and enterprises around the world. Flipgrid, Vidku’s education technology platform, is a stimulus-driven video discussion and communication environment used in more than 40,000 classrooms, organizations, and enterprises across 115 countries on six continents.

HomeSpotter

Seed Round in 2015
HomeSpotter is a mobile reality app and property discovery platform with built-in chat for home buyers and agents. It delivers mobile search experience for iPhones, iPads, Android smartphones and tablets to more than 250,000 agents throughout the U.S. and Canada. it was founded in 2009 and headquartered in Minneapolis, Minnesota.

Fortus Medical

Venture Round in 2014
Fortus Medical is a provider of medical products and health care solutions. Forus' proprietary technology is used to harvest a patient's own mesenchymal stem cells (MSCs), and then effectively and economically remove impurities and red blood cells (which impede bone growth) leaving a highly concentrated stem cell solution, which is combined with bone graft material to repair and promote new bone growth in the patient. It was founded in 2011 and is headquartered in Incline Village, Nevada, United States.

Celcuity

Series A in 2014
Celcuity is a clinical-stage biotechnology company translating discoveries of new cancer sub-types into pioneering companion diagnostics and expanded therapeutic options for cancer patients. Celcuity's 3rd generation diagnostic platform, CELsignia, analyzes living tumor cells to untangle the complexity of the cellular activity driving a patient's cancer. This allows Celcuity to discover new cancer sub-types molecular diagnostics cannot detect. Celcuity is driven to improve outcomes for patients and to transform how pharmaceutical companies define the patient populations for their targeted therapies.

Horizon Oilfield Services

Series A in 2013
At Horizon Oilfield Services, we deliver comprehensive oilfield wastewater disposal and gathering solutions for E&P Companies and for trucking companies. We own, operate and develop fully automated, state-of-the art, wastewater disposals and gathering systems at strategic locations for our customers.

HomeSpotter

Seed Round in 2013
HomeSpotter is a mobile reality app and property discovery platform with built-in chat for home buyers and agents. It delivers mobile search experience for iPhones, iPads, Android smartphones and tablets to more than 250,000 agents throughout the U.S. and Canada. it was founded in 2009 and headquartered in Minneapolis, Minnesota.

Bnocular

Seed Round in 2013
Provider of a task management platform for the mobile workforce. The company is a combination of a software as a service and a mobile application that organizes tasks and employee-incentive programs.

Miromatrix Medical

Venture Round in 2012
Miromatrix Medical is a biotechnology company engaged in the development of fully biological human organs and organ-derived biological products to solve the chronic shortage of transplantable organs, utilizing its patented perfusion decellularization or recellularization technology, as well as organ-derived biological products for applications such as soft tissue reinforcement and advanced wound care. It was founded in 2009 and is based in Eden Prairie, Minnesota.

Disc Dynamics

Series E in 2004
Disc Dynamics is a healthcare company. They design and develop medical products. The Company offers surgical alternatives for the treatment of lower back problems and disc diseases. It offers DASCOR Disc arthroplasty system, a catheter-based minimally invasive nucleus replacement technology for the treatment of degenerated lumbar discs. Disc Dynamics was founded by Jeffrey Felt in 2000 and is headquartered in Eden Prairie, Minnesota.

Prolatus

Series C in 2001
Prolatus licenses software that allows customers to send large graphic files through regular telephone lines. The company targets pre-press, printing and content provider companies as its customers. See complete list.
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