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Groove Capital
Reed Robinson's Groove Capital channels a Minnesota angel network into pre-seed venture checks, bridging the region's earliest funding gap since 2019.
Groove Capital
Groove Capital is an SEC-registered investment adviser with its headquarters in Minneapolis, MN. It provides investment advice to clients. The firm is based in the Midwest.
General information
Firm type
Venture Capital
Year founded
2019
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
Minneapolis, MN, United States
Principals
Reed Robinson
Founder and Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Groove Capital?
Reed Robinson, the founder and managing partner, leads investment decisions. Robinson built the fund from an angel network he cultivated through Beta.MN and the MN Cup ecosystem. The firm's investment committee structure is not publicly detailed, but Robinson's central role reflects the fund's origin as a formalization of his individual angel activity.
How does Groove Capital source proprietary deal flow?
Groove leverages Robinson's deep integration into the Twin Cities startup ecosystem, particularly through Beta.MN and the MN Cup, Minnesota's largest startup competition. The firm's proprietary channel comes from an angel network that Robinson spent years cultivating before launching the fund. This community-driven origination model gives Groove visibility into founders before they reach institutional venture firms.
Does Groove Capital participate in fund commitments or only direct deals?
Public information indicates Groove Capital focuses on direct pre-seed and seed-stage investments rather than fund-of-funds commitments. The firm's model centers on writing first checks into Minnesota startups alongside a network of co-investors including local family offices and angel operators.
What investment stages does Groove Capital typically target?
Groove Capital targets pre-seed and seed-stage companies, deliberately operating in the funding gap that exists before the region's larger institutional venture firms typically engage. This stage focus matches the firm's origin thesis that Minnesota's corporate density produces strong founding teams that need early validation capital.
Which sectors does Groove Capital explicitly avoid?
No explicit exclusions are publicly stated. The firm's known focus areas — enterprise software, digital health, AI/ML, and AgriTech — align with Minneapolis' industrial base, suggesting capital flows toward sectors where Robinson and his co-investor network hold domain expertise rather than broad generalist deployment.
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