Organization · Fund of Funds
The MSP Equity Fund
The MSP Equity Fund is a fund-of-funds based in Minnesota that invests in venture capital funds focused on high-growth startups led by underrepresented founders, including Black, Brown, Indigenous, and women entrepreneurs. It also operates an accelerator program to support these startups directly.
Overview
What The MSP Equity Fund does
What The MSP Equity Fund is
The MSP Equity Fund is a fund-of-funds based in Minnesota that invests in venture capital funds focused on high-growth startups led by underrepresented founders, including Black, Brown, Indigenous, and women entrepreneurs. It also operates an accelerator program to support these startups directly.
How it participates in the startup ecosystem
The current public profile supports funder and allocator capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Fund of Funds
- Founded
- Founded in 2022
- Approximate age
- About 4 years
- Structured capabilities
- Funder · Allocator
- Last reviewed
- March 30, 2026
Official channels
Find The MSP Equity Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
The MSP Equity Fund as a funder
Investment thesis
The MSP Equity Fund aims to address the underinvestment in high-growth startups led by Black, Brown, Indigenous, and women entrepreneurs in Minnesota, by investing in diverse fund managers and supporting underrepresented founders.
Focus narrative
Operating as a fund of funds, the MSP Equity Fund invests in over 10 funds across various sectors, including accelerators and diverse fund managers. The fund is committed to ensuring that 100% of its investment dollars support underrepresented and overlooked entrepreneurs, thereby enhancing the entrepreneurial landscape in Minnesota.
Value beyond capital
The MSP Equity Fund provides significant value to its portfolio companies by not only offering capital but also by fostering connections within a robust network of local and national venture capital firms. It supports entrepreneurs through its accelerator program, which includes mentorship and resources to help startups scale effectively.
Terms and economics
- Typical check
- $100,000
Focus and fit
- Stages
- Seed · Series A · Series B · Accelerator
- Regions
- North AmericaUnited States
Availability
- Currently deploying
- Yes
Portfolio and track record
Portfolio context
The MSP Equity Fund has made initial investments into four VC fund managers: Bread & Butter Ventures (seed-stage VC focusing on foodtech, digital health, and enterprise SaaS), M25 (early-stage software-focused VC in the Midwest), Capitalize VC (woman-led venture capital fund), and Tundra Ventures (early-stage VC based in Minneapolis and San Francisco). Additionally, its accelerator invests $100K in each of five startups per cohort, with notable companies including Ambient Intelligence, CliniSpan Health, Gametime Hero, Mili Llama, and Sip Herbals.
Capability profile
The MSP Equity Fund as an allocator
Allocator mandate
The fund aims to attract leading venture capital firms to invest in high-growth startups in Minnesota. It is committed to ensuring that 100% of investment dollars are directed towards supporting underrepresented and overlooked entrepreneurs.
Focus narrative
The MSP Equity Fund is dedicated to increasing the investable capital available to overlooked and underfunded entrepreneurs, particularly those from underrepresented groups. It operates as a fund of funds, investing in various sectors and supporting diverse and emerging fund managers.
Value and partnership
The MSP Equity Fund provides essential capital to fund managers who commit to investing in Minnesota-based startups led by underrepresented founders, thereby addressing a significant gap in venture funding.
Commitment profile
- Assets under management
- $50,000,000
- Commitment range
- $100,000
- Target fund count
- 10
Availability and engagement
- Proposal state
- Accepting
- Direct co-investment
- Yes
Mandate and fit
- Fund stages
- Seed Funds · Early Stage
- Asset classes
- Venture
- Regions
- United States
Portfolio context
Portfolio context
Recent investments include backing four VC fund managers: Bread & Butter Ventures, M25, Capitalize VC, and Tundra Ventures. The MSP Equity Accelerator also invests $100K in each of five startups per cohort, with notable companies including Ambient Intelligence and CliniSpan Health.
Common questions
What to know about The MSP Equity Fund
Upseed classifies The MSP Equity Fund under the Fund of Funds organization type. Its current public profile includes funder and allocator capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 30, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.