As we prepare to end a year that will no doubt be remembered for many reasons, we’d like to wish you and your families a healthy, peaceful, restful holiday season. We are grateful for the opportunity to grow our Bread & Butter work and family this year and we look to 2021 with great optimism.
Some highlights of 2020:
Growing the Bread & Butter team. We grew our team to three this year with Brett and Mary partnering and growing our investment thesis to add health tech and enterprise SaaS as two core verticals, complimenting our foodtech practice. We are proud of launching with a dedicated Platform effort that Steph is running to tap into our Minnesota backyard as well as our national and global network to support our portfolio companies.
Growing the Bread & Butter family. Through the challenges of Covid-19, we continued to see stronger quality and volume of deal flow than ever before. We made 13 new investments into early stage teams across 7 states who are innovating across the board — from the alternative protein industry to breast cancer market to financial security & wellness to better equipping the manufacturing industry via software. And we know that Covid-19 has transformed the core industries we invest in: how we feed ourselves, how we care for one another, and how we work. We can never afford to underinvest in these areas and we know many great companies are born out of periods of economic constraint. Keep an eye on these companies (and a few still to be announced):