Early-Stage Investment Firm Groove Capital Raises $3.8M in First Close The firm, created by Beta.Mn co-founder Reed Robinson, is targeting startups in the “pre-seed stage.” Reed Robinson, founder of Capital Groove
Groove Capital, a new investment firm targeting early-stage companies, on Tuesday completed its first round of fundraising.
The investment firm, launched by Beta.Mn co-founder Reed Robinson, raised $3.8 million in its first close. The amount surpassed Robinson’s expectations for the first close by over $1 million.
Robinson declined to name specific investors in the first close, but noted that it’s a mix of entrepreneurs, aspiring mentors, and senior-level leaders at big-name companies in Minnesota. In a Wednesday phone interview, Robinson said there’s a “sense of urgency” among those who have invested.