While many financiers say safeguarding in location has expanded their appetite for moneying business located outside major centers, one firm is doubling down on backing start-ups in America’s heartland
. Introduced in 2016 by Brett Bohl, The Distribute Fund rebranded to Bread & & Butter Ventures earlier this month (a referral to among Minnesota’s numerous nicknames). Along with the rebrand, long time Google executive and Revolution partner Mary Grove joined the group as a general partner and Stephanie Rich came aboard as head of platform.
The growth of the Twin Cities’ startup community is precisely why The Distribute Fund rebranded. The firm, which has $10 million in properties under management, will buy 3 of Minneapolis’ most significant strengths: farming and food, health care and business software application.
Agtech interest covers the entire spectrum from farming to dining establishments and grocery stores. The firm is likewise interested in the “unpleasant middle” of supply chain and logistics around food, stated Bohl and is interested in a mix of software application, hardware and biosciences. Within health care, the firm assesses solutions focused on prevention versus treatment, female health startups working on maternal health and fertility and software application concentrated on the aging population and millennials.
It’s likewise taking a look at enterprise software that can serve large organisations and scale efficiently.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.