Groove Capital

Groove Capital is a Minneapolis-based venture capital firm established in 2020, focusing on early-stage investments across a diverse range of sectors, including ag tech, food, healthcare, education, energy, enterprise SaaS, financial services, medical devices, retail, and sports & fitness. The firm has a preference for companies headquartered or operating in Minnesota, aiming to support innovative startups and foster growth in emerging markets. Groove Capital launched its first fund in 2021 with $7.5 million and its second fund in 2023 with $15 million, aiming to provide capital to about 50 companies over three years, with investments typically around $250,000. Notably, the Bush Foundation invested up to $1.5 million in Groove's second fund, underscoring the firm's commitment to supporting Minnesota-based startups. Groove Capital also hosts events like Angel Fest, an annual conference designed to empower and connect early-stage investors from Minnesota and beyond. The firm is led by Reed Robinson, Partner and Founder, and Mickayla Rosard, Partner, who bring experience in early-stage startups, finance, and investing. They are supported by a team that includes Emmet Byron, Principal, and Emily Kist, Operations Manager. Groove Capital's guiding principles emphasize seeking relationships with those exhibiting the highest ethical standards, operating with indefinite hold periods to increase the likelihood of long-term compounding, preserving and enhancing company culture as a key source of competitive advantage, distributing equity incentives broadly within a spirit of employee care and continuity, avoiding quick-hit cost-cutting that inflates short-term profits at the long-term expense of growth, executing relentlessly with commitment to all business stakeholders, interacting with full transparency, honesty, and fairness, with a continuous improvement mindset, and contributing to local and regional communities as a respected business leader. These principles reflect Groove Capital's dedication to building enduring value and supporting the growth of innovative companies in Minnesota and beyond.

Groove Capital's investment strategy focuses on early-stage companies across various sectors, including ag tech, food, healthcare, education, energy, enterprise SaaS, financial services, medical devices, retail, and sports & fitness. The firm has a preference for companies headquartered or operating in Minnesota, aiming to support innovative startups and foster growth in emerging markets. Groove Capital launched its first fund in 2021 with $7.5 million and its second fund in 2023 with $15 million, aiming to provide capital to about 50 companies over three years, with investments typically around $250,000. Notably, the Bush Foundation invested up to $1.5 million in Groove's second fund, underscoring the firm's commitment to supporting Minnesota-based startups. Groove Capital also hosts events like Angel Fest, an annual conference designed to empower and connect early-stage investors from Minnesota and beyond. The firm is led by Reed Robinson, Partner and Founder, and Mickayla Rosard, Partner, who bring experience in early-stage startups, finance, and investing. They are supported by a team that includes Emmet Byron, Principal, and Emily Kist, Operations Manager. Groove Capital's guiding principles emphasize seeking relationships with those exhibiting the highest ethical standards, operating with indefinite hold periods to increase the likelihood of long-term compounding, preserving and enhancing company culture as a key source of competitive advantage, distributing equity incentives broadly within a spirit of employee care and continuity, avoiding quick-hit cost-cutting that inflates short-term profits at the long-term expense of growth, executing relentlessly with commitment to all business stakeholders, interacting with full transparency, honesty, and fairness, with a continuous improvement mindset, and contributing to local and regional communities as a respected business leader. These principles reflect Groove Capital's dedication to building enduring value and supporting the growth of innovative companies in Minnesota and beyond.

Groove Capital's investment strategy focuses on early-stage companies across various sectors, including ag tech, food, healthcare, education, energy, enterprise SaaS, financial services, medical devices, retail, and sports & fitness. The firm has a preference for companies headquartered or operating in Minnesota, aiming to support innovative startups and foster growth in emerging markets. Groove Capital launched its first fund in 2021 with $7.5 million and its second fund in 2023 with $15 million, aiming to provide capital to about 50 companies over three years, with investments typically around $250,000. Notably, the Bush Foundation invested up to $1.5 million in Groove's second fund, underscoring the firm's commitment to supporting Minnesota-based startups. Groove Capital also hosts e