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3M Ventures

St. Paul, MN3M-VENTURES
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Classification
Slug3m-ventures
HQSt. Paul, MN
Stage FocusEarly to growth stage investments (Series A-C) in deep te…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

3M Ventures is the rare corporate VC that actually knows what they're talking about when it comes to deep tech and manufacturing. They bring genuine technical expertise and can open doors to pilot programs with 3M's massive industrial customer base. The flip side? They move at corporate speed, decisions take forever, and there's always the strategic acquisition shadow hanging over everything. If your tech genuinely complements 3M's business, they're incredibly valuable partners. If not, you're probably better off with traditional VCs who won't spend six months debating internal synergies.

KEY TAKEAWAYS
  • Best for: Deep tech startups needing technical validation and enterprise pilot opportunities
  • Watch out for: Slow corporate decision-making and potential acquisition pressure
  • Known for: Actually understanding complex manufacturing and materials science
Investment Thesis

3M Ventures invests in startups that align with 3M's core technology platforms and markets, focusing on materials science, healthcare, safety, and industrial applications. They seek technologies that could potentially integrate with or complement 3M's existing business units while generating independent returns.

Stage & Sector Focus

Early to growth stage investments (Series A-C) in deep tech, materials science, healthcare devices, industrial IoT, and sustainability tech. Portfolio skews toward B2B companies with defensible IP that solve real manufacturing or healthcare problems.

Notable Portfolio
FormlabsDesktop MetalCarbonSolugenBright MachinesVecna RoboticsTandem Diabetes CareOrganovo
Key Partners
Brian Atwood
Managing Director

Former 3M executive with deep materials science background and 20+ years in corporate development. Known for technical diligence and understanding manufacturing scale challenges that many VCs miss.

John Banovetz
Principal

Former McKinsey consultant turned corporate venture investor. Focuses on healthcare and industrial applications, brings operational expertise from 3M's internal innovation teams.

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