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Homegrown Capital is a venture capital firm funding early-stage, technology companies. It deploys Seed to Series A investments, typically $500,000 to $2 million, often leading rounds. The firm actively engages at the board level, offering expertise and connections for portfolio growth. Investments target scalable B2B Software, AgTech, FinTech, and Media/Subscription.
General Partners Tim Weelborg and Matt Paulson founded the firm, identifying innovation potential in Middle America. Weelborg, former Executive Director of the Enterprise Institute, facilitated many venture deals and established angel funds in South Dakota. Paulson, CEO of MarketBeat and Investment Partner at Cresten Capital, brings substantial investment experience.
The firm seeks companies with strong growth, proven management, existing customer revenue, and clear exit strategies. Homegrown Capital focuses investments on technology founders in the Midwest and Northern Plains. Its vision is to empower and accelerate high-growth ventures from these regions, fostering a dynamic ecosystem.
Key people at Homegrown Capital.
Homegrown Capital has 2 tracked investments across 2 companies. The latest tracked deal is $15.0M Series A in Thread in October 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2023 | Thread | $15.0M Series A | Blaine Crissman | Balderton Capital, Beringea, Draper Triangle, Greylock, Innovation Works, Starburst Ventures, The Founder Coach, Waverley Capital, David Haywood Smith, Errol Damelin, IAN Hogarth, Jared Kopf, Kevin O'leary, Michael Birch, Nirav Tolia, Excell Partners, Nathaniel Asher Kraut, Minnkota Power Cooperative, Rosecliff Ventures, Wonder Fund North Dakota |
| Nov 1, 2022 | ProsperStack | $2.0M Seed | Sandalphon Capital | Chicago Ventures, General Catalyst, Hyde Park Venture Partners, LOI Venture, Mark Benning, Gopher Angels, Groove Capital, Jason Calacanis |
Key people at Homegrown Capital.
