Great North Ventures closes second venture fund, sets investment strategy

Great North Ventures, a venture fund that invests in early-stage startups, has closed on its second venture fund.  The $40 million Fund II will prioritize investments in three key themes: digital transformation through AI, community-driven applications and solving labor problems.  The firm’s Fund II investments already include Golden Valley-based Omnia Fishing, Edina-based Yardstik and Minneapolis-based NextGem.  Prioritizing its investments is a shift for the St. Cloud-based firm. Its first…