Discovery Capital Funding

Discovery Capital Funding

Minneapolis, Minnesotaresearch.umn.edu

Overview

Discovery Capital is an early-stage, matching equity investment program sponsored by the University of Minnesota's Research & Innovation Office. It provides equity investments to startups built around licensed UMN technologies, co-investing alongside experienced Venture Capitalists to reduce early-stage risk and accelerate commercialization. The program's goals include strengthening the university's startup ecosystem, increasing the commercialization of UMN research, and driving economic impact in Minnesota. The program requires startups to have a lead investor before it provides matching funds.

Portfolio Companies

6

Investments

CompanyDateStageLead
Låkril TechnologiesJun 2025SeedCo-investor
SecondWave Systems, Inc.Apr 2025Series ACo-investor
Jord BioScienceFeb 2025Series BCo-investor
Phoam LabsSep 2024SeedCo-investor
Brightstar TherapeuticsApr 2023Series ACo-investor

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersMinneapolis, Minnesota
Year FoundedN/A

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