Groove Capital
- Company typePrivate
- Founded2020
- HeadquartersMinneapolis, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Groove Capital firmographics
Firmographics- Name
- Groove Capital
- Legal name
- Groove Capital
- Website
- https://groovecap.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Groove Capital industry classification
Industry- Product category
- Early-Stage Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
- akta.pro secondary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Groove Capital is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Groove Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Others, Technology or R&D
Revenue model
- Venture Fund Management: Groove Capital manages venture funds (Fund I, Fund II at $15M, and Fund III in progress) that invest in early-stage startups. Revenue is generated through management fees and carried interest from fund returns.
- Angel Group Membership: Groove Investment Group provides a modern angel group where investors connect, learn, and invest together. The group provides platform and process for accredited investors to participate in early-stage investing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Direct Angel Investing |
| Subscription | Multi-year contract | Venture Fund LP Investment |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
Groove Capital product offering
Product offeringCore offering
Groove Capital operates a hybrid venture capital and angel investing platform that provides first institutional (Pre-Seed and Seed stage) investments to Minnesota-based startups. The firm combines a traditional venture fund (Fund I at $3.8M, Fund II at $15M, Fund III in progress) with the Groove Investment Group, a modern angel network of 200+ accredited investors who co-invest alongside the fund. Complementary offerings include Angel Fest (annual investor conference) and the Catalyst Angel MN Cohort education program.
Product overview
Groove Capital operates as a dual-product platform combining a traditional venture fund (Groove Capital Fund) with a modern angel network (Groove Investment Group). The fund provides first-check institutional investments to Pre-Seed and Seed Stage Minnesota startups, while the angel group enables accredited investors to participate collaboratively in early-stage deals. The company also runs Angel Fest, the region's marquee annual investor conference, and the Catalyst Angel MN Cohort education program targeting underrepresented investors. All offerings are designed to accelerate startup funding velocity while providing investors with a structured process to invest with confidence.
Differentiator
Problem solved
Functional benefit
Products and services
- Groove Capital Fund A next-generation early-stage venture fund providing Pre-Seed and Seed Stage investments to Minnesota-based startups, combining the power of an active angel network with a traditional venture fund to accelerate startups' first institutional funding.
- Groove Investment Group A modern angel group platform where accredited investors can connect, learn, and invest alongside other angels, providing access to early-stage deal flow and collaborative investing opportunities in Minnesota startups.
- Angel Fest An annual immersive investor conference empowering and connecting angel investors from Minnesota and beyond, featuring keynote speakers, panel discussions, workshops, and networking opportunities focused on early-stage investing education.
- Catalyst Angel MN Cohort A cohort-based angel investing education program designed for emerging investors who identify as Black, Latinx, and/or women, offering virtual courses through Angel Capital Association's Angel University, in-person events, and industry sector focuses in healthcare and consumer packaged goods.
Quantifiable outcome
- Evaluated over 1,000 startup teams since 2021
- +2 more outcomes
Companies that use Groove Capital
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Groove Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Groove Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Forge NorthcoreForge North is a coalition of 150+ partners across the Greater Minneapolis-Saint Paul startup ecosystem. They collaborate with Groove on Angel Fest, Catalyst Angel MN Cohort, and broader Minnesota angel activation efforts. Forge North serves as the broader ecosystem partner for angel investing initiatives.
- AugurianminorAugurian serves as event sponsor for Angel Fest, supporting the region's marquee annual investor conference.
- TechTown DetroitcoreTechTown Detroit leads the Catalyst Angel Program for emerging angel investors in the Great Lakes Region. Groove Investment Group leads the Minnesota Cohort in partnership with Forge North. The program provides Angel Capital Association's Angel University courses, in-person events, and ACA membership for emerging investors who identify as Black, Latinx, and/or women.
- MESA (Minnesota Emerging Software Advisory)coreGroove Capital and MESA partnered to create better access to capital and mentorships for Minnesota's emerging technology startups. MESA offers pro bono mentoring to startups (typically 2-3 years, never takes equity) and has worked with over 65 companies. Groove provides vetted startups and broader mentor pool to MESA, while MESA provides mentorship to Groove portfolio companies and expertise for diligence efforts.
- Twin Cities Startup Week / BETAcoreBETA (now part of Twin Cities Startup Week ecosystem) is where Reed Robinson co-founded startup community programming. Groove Capital emerged from this ecosystem development work and continues to participate in TCSW events and programming.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Groove Capital competitors and assessment
Company assessmentBroad incumbents
- Techstars: Global accelerator and seed investor with a broader portfolio and program structure. Indirectly competes for the same Pre-Seed founders and serves as a downstream syndicate partner for Groove's portfolio.
Direct peers
- Serra Ventures: Midwest-focused early-stage VC investing in technology and life sciences startups outside the coasts. Comparable on regional Pre-Seed/Seed deployment and institutional LP backing profile.
- M25: Chicago-based early-stage VC focused on the Midwest. Comparable on regional early-stage thesis and Pre-Seed/Seed check size; a logical competitor for top MN founders considering expansion.
- Matchstick Ventures: Minneapolis-based early-stage fund focused on Pre-Seed/Seed investments, often co-investing with Groove in MN rounds. Direct peer on stage, geography, and LP ecosystem.
- gener8tor: Midwest-based accelerator and seed fund running cohort programs that overlap with Groove's Pre-Seed thesis. Operates across multiple geographies but shares the regional early-stage ecosystem focus.
- Great North Ventures: Upper Midwest early-stage VC investing in Pre-Seed and Seed rounds. Comparable on geography and stage, and a natural co-investor/competitor for MN-based founders.
- Tundra Ventures: Minnesota-focused emerging venture fund. Cited in source material as a fellow emerging fund within the Saint Paul & Minnesota Foundation's local portfolio alongside Groove Capital.
- Bread & Butter Ventures: Minnesota-based early-stage VC focused on Pre-Seed/Seed rounds in the Upper Midwest. Highly comparable to Groove on stage, geography, and check size; explicitly named alongside Groove as part of the Saint Paul & Minnesota Foundation's emerging-manager portfolio.
Regional players
- TechTown Detroit: Detroit-based entrepreneurship hub that leads the Catalyst Angel Program for emerging Great Lakes investors. Direct program partner with Groove (via the MN cohort), making it a thematically-aligned peer in regional angel activation rather than a direct fund competitor.
Emerging players
- Revolution's Rise of the Rest: Steve Case-led fund investing in startups outside of the traditional VC geographies. Compares to Groove as another geographic-first early-stage investor in non-coastal markets.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Groove Capital social profiles
Digital presenceGroove Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Groove Capital leadership team
Management profileNumber of profiles
Profiles9 records
Groove Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Groove Capital M&A and investment
M&A and investmentM&A
Investments141 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Groove Capital
What does Groove Capital do?
Groove Capital operates a hybrid venture capital and angel investing platform that provides first institutional (Pre-Seed and Seed stage) investments to Minnesota-based startups. The firm combines a traditional venture fund (Fund I at $3.8M, Fund II at $15M, Fund III in progress) with the Groove Investment Group, a modern angel network of 200+ accredited investors who co-invest alongside the fund. Complementary offerings include Angel Fest (annual investor conference) and the Catalyst Angel MN Cohort education program.
Is Groove Capital a public or private company?
Groove Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Groove Capital founded?
Groove Capital was founded in 2020. It employs 1 to 10 people.
Where is Groove Capital based?
Groove Capital is headquartered in Minneapolis, United States, in the North America region.
How does Groove Capital make money?
Two revenue lines are on record. Venture Fund Management is the primary driver. The others are angel Group Membership.
Who are Groove Capital's main competitors?
Techstars is listed as a broad incumbent. Direct peers are Serra Ventures, M25, Matchstick Ventures, gener8tor, Great North Ventures, Tundra Ventures and Bread & Butter Ventures. TechTown Detroit is listed as a regional player. Revolution's Rise of the Rest is listed as an emerging player.
Does Groove Capital have an API?
No public API is recorded for Groove Capital.
What industry is Groove Capital in?
Groove Capital's product category is Early-Stage Venture Capital. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed), with a secondary code of FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 523940 and its SIC code is 6282.