Based in Minnesota with a national reach, Lake State Venture Capital is led by founders and operators who’ve built and run real businesses. We bring capital, strategic insight, and hands-on operational support to help companies scale sustainably and exit stronger.
Acquisition
DAX is a long-standing B2B trade show circuit for the decorated apparel industry. We acquired the business from a retiring owner who operated it for over 25 years and continue to build on its reputation for education, connection & industry leadership.
Active
Solve Finance provides independent financial guidance focused on borrowing and credit, separating advice from advertising-driven incentives. We invested directly and supported the founder with marketing strategy and social media execution through our in-house team.

Majority Owner | Exited
We entered through the acquisition of a corporate-owned store, expanded through additional franchise rights and new leases, and achieved a successful exit prior to full build-out.
Operators first.
Our team has built and run companies, not just invested in them. That experience informs how we show up as partners.
Hands-on by design.
We work closely with leadership teams to improve operations, sharpen strategy, and navigate growth.
Built to last.
We focus on creating durable businesses that generate long-term value and real options for founders.
10050 Crosstown Circle, Suite 620, Eden Prairie, MN, USA
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