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MINNEAPOLIS, April 15, 2021 /PRNewswire/ Traction Capital has closed
Focus Fund I at a final fund size of $16,605,000. Traction Capital is a Minnesota based hybrid private equity and venture capital firm with a mission of helping entrepreneurs in the Midwest get what they want for the greater good. The fund closed on March 5
th, 2021 with 76 total investors including over 50 Minnesotan Entrepreneurs.
Shane Erickson, the Founder and Managing Partner of Traction Capital, first had the vision for the fund while acting as an Angel Investor and mentor of several Minnesota-based companies that had significant exits. In each successful exit, Erickson assisted the company with key hires and implementation of processes that helped the stimulate growth.
Traction Capital Closes on First Investment in Kwikly
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MINNEAPOLIS, Feb. 9, 2021 /PRNewswire/ Traction Capital is excited to announce its first investment of
Focus Fund I in Kwikly. The fund has invested $250,000 in the Minneapolis based company whose platform provides on-demand staffing for dental professionals.
Kwikly was founded in 2017 by Pedram Nastaean and Yomiyu Hirpa. The company offers a mobile platform that connects dental hygienists seeking temporary employment with dental offices facing staffing shortages. Kwikly has achieved impressive growth and Traction Capital foresees increasingly aggressive growth as it expands into new markets.
Operating under the mission of helping entrepreneurs in the Upper Midwest grow, Traction Capital is very excited to be investing in a Minnesota company that also has two minority founders.