# Brightstone Venture Capital

> Brightstone Venture Capital is a VC fund backing Health Care and Software. See 39 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Minneapolis, United States
- Total investments: 39
- Last investment: Feb 2022
- Lead investor: 10%
- Fund size: $100M
- Last fund: Aug 2017
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/brightstone-venture-capital
- X (Twitter): http://twitter.com/brightstonevc
- Website: http://www.brightstonevc.com
- Facebook: http://www.facebook.com/pages/Brightstone-Venture-Capital/427118967356724

Brightstone Venture Capital is a VC fund in Minneapolis focused on Health Care and Software. Brightstone Venture Capital (BVC) has a 30 year history of building successful technology and life-science companies. We love to partner with extraordinary entrepreneurs with a unique vision of how to solve a huge problem in a large and growing market, and help them "dream big" and achieve their vision.

## Contacts

5 contacts available for Brightstone Venture Capital. Shizune tracks 4 team members at Brightstone Venture Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/brightstone-venture-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.2M–$2.5M |
| Series A | $3.5M–$16M |
| Series B | $13M–$44M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 9 | 23% |
| Software | 7 | 18% |
| Medical | 4 | 10% |
| Therapeutics | 4 | 10% |
| Biotechnology | 4 | 10% |

66 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 14 | 36% |
| Series A | 9 | 23% |
| Series B | 5 | 13% |
| Series C | 2 | 5% |
| Funding Round | 2 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 28 | 72% |
| Canada | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Dalvey | Managing General Partner | 0 | https://shizune.co/investors/profile/david-dalvey-2 |
| David Dalvey | Managing General Partner | 0 | https://shizune.co/investors/profile/david-dalvey |
| Jeffrey Cowan | Managing Partner | 1 | https://shizune.co/investors/profile/seth-degroot |
| Patrick O'Shaughnessy | Managing Partner | 17 | https://shizune.co/investors/profile/patrick-oshaughnessy |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Xplore | Xplore is flying commercial missions in Earth orbits with their XCRAFT™, and they invite you to join us. They take civilian, commercial and national security payloads to their desired orbit around Earth for their science or reconnaissance missions. | $16.2M | Series A | Feb 24, 2022 |  |
| Xplore | Xplore is flying commercial missions in Earth orbits with their XCRAFT™, and they invite you to join us. They take civilian, commercial and national security payloads to their desired orbit around Earth for their science or reconnaissance missions. | $16.2M | Series A | Feb 24, 2022 |  |
| Xplore | Xplore is flying commercial missions in Earth orbits with their XCRAFT™, and they invite you to join us. They take civilian, commercial and national security payloads to their desired orbit around Earth for their science or reconnaissance missions. | $7.2M | Venture - Series Unknown | Feb 24, 2022 |  |
| Mosaic | Mosaic is a construction technology company building software to make residential construction more scalable. The company operates as a digital general contractor to provide construction and related services to homebuilders and residential developers, allowing them to offload their construction processes and related needs to Mosaic’s integratedplatform and team. Mosaic’s platform standardizes the construction process, and not the homes, allowing them to deliver places people love and create better communities. | $44M | Series B | Nov 01, 2021 |  |
| Afriex | Afriex is a pioneering platform that allows its users to send and receive money to anybody around the globe. We use stablecoins to offer the fastest and cheapest remittance service to over 30 countries around the world. | $1.2M | Seed | Mar 22, 2021 |  |
| Eternal | Eternal develops an avatar social network to offer a new social networking experience. Launching a private beta in January 2020. Founded in 2018, Eternal is based in Brooklyn, New York. |  | Seed | Oct 01, 2020 |  |
| Cryosa | CryOSA is a medical device company developing novel treatments for obstructive sleep apnea. | $8.3M | Series A | Jun 25, 2020 |  |
| Cryosa | CryOSA is a medical device company developing novel treatments for obstructive sleep apnea. |  | Series A | May 05, 2020 |  |
| Aria CV | Aria CV was founded in 2010 by Drs. John Scandurra and Karl Vollmers, formerly Fellows at the University of Minnesota’s Medical Devices Center. Aria has an exclusive license to certain patents from the University of Minnesota. Aria CV’s device has the potential to improve outcomes by reducing the workload on the right side of the heart. | $31M | Series B | Feb 25, 2020 |  |
| Aria CV | Aria CV was founded in 2010 by Drs. John Scandurra and Karl Vollmers, formerly Fellows at the University of Minnesota’s Medical Devices Center. Aria has an exclusive license to certain patents from the University of Minnesota. Aria CV’s device has the potential to improve outcomes by reducing the workload on the right side of the heart. |  | Series B | Jan 31, 2020 |  |

10 of 39 investments shown.

## Co-investors
- [KittyHawk](https://shizune.co/investors/profile/kittyhawk-ventures) — VC Fund, 4 deals together
- [Portfolia](https://shizune.co/investors/profile/portfolia) — VC Fund, 4 deals together
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 3 deals together
- [HTC](https://shizune.co/investors/profile/htc) — VC Fund, 3 deals together
- [Lombardstreet Ventures](https://shizune.co/investors/profile/lombardstreet-io) — VC Fund, 3 deals together
- [Blue Ivy Ventures](https://shizune.co/investors/profile/blue-ivy-ventures) — VC Fund, 2 deals together

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## FAQ

### What does Brightstone Venture Capital invest in?

Brightstone Venture Capital invests primarily in Health Care, Software and Medical startups, most often at Seed and Series A stage. Most of the 39 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Brightstone Venture Capital's check size?

Brightstone Venture Capital typically joins rounds of $1.2M–$2.5M at Seed, $3.5M–$16M at Series A and $13M–$44M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Brightstone Venture Capital participates in.

### How do I contact Brightstone Venture Capital?

Public channels for Brightstone Venture Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Brightstone Venture Capital?

The team at Brightstone Venture Capital includes David Dalvey (Managing General Partner), David Dalvey (Managing General Partner) and Jeffrey Cowan (Managing Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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