A  Gopher Angels


     Office Locations:

715 Florida Ave S. #101
Golden Valley, MN 55426



  • Early
  • Seed



  • Education & Training
  • Energy & Clean Tech
  • Information Technology
  • Software & Internet



    Founded 2012, Gopher Angels is a group of accredited investors who are passionate about creating businesses in Minnesota. Gopher Angels is industry-agnostic. The group prefers companies that are Minnesota-based, eligible for MN Angel Tax Credit and raising $50,000 - $1,000,000. For companies raising more than $1,000,000, GA prefers prospects obtain a lead investor before applying to Gopher Angels. Startups should have demonstrated market validation (beyond a plan): working prototype, beta testing and/or revenue generating model. Co-Founders of the group, David and Sara Russick, previously invented Bagster, a fabric trash bag that acted as a portable dumpster. They ultimately sold that business to Waste Management.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    David Russick Managing Director
    Sara Russick Co-Founder


    Portfolio companies include:

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      Advanced Cooling Therapy
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      Corvida Medical
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      Peppermint Energy
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      Thrill On
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