VC firm
Groove Capital
- Investor type
- VC
- Investing status
- Activeas of 2026-09-17Source (opens in a new tab)
- Latest fund size
- $15.5MSEC amount sold, as of 2024-06-20Source (opens in a new tab)
- Funds
- 3
- groovecap.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Blog (opens in a new tab)
- Team page (opens in a new tab)
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Record updated 27 September 2026
About
Groove Capital is where entrepreneurs go to get their first institutional investment. By combining the power of an active angel network with a traditional venture fund, Groove accelerates the velocity to a startup’s first funding, while providing its investors with a platform and process to invest with confidence.
Investment approach
- Thesis
- Groove Capital is a next-generation platform for early stage investing. It’s designed with optionality in mind, allowing investors to find the model that best fits their motivations for angel and venture investing.Source (opens in a new tab)
- Leads rounds
- Sometimes
- Lead policy
- Leading or joining Pre-Seed and Seed Stage funding rounds
- Eligibility
- Focused on companies headquartered or operating in Minnesota, but will make an exception for compelling startups located in neighboring ecosystems
- Traction requirement
- Past Concept Stage, with a working prototype or proof of concept
- Investing status notes
- The Groove team is now taking meetings related to Fund III. If you are an accredited investor, and you would like to learn more about the plan and thesis, we encourage you to reach out.
Funds
- GROOVE CAPITAL FUND II, LP
- $15.5MVintage 2024, Main fund, Closed, SEC amount sold
- Groove Capital Fund I, L.P.
- $7.3MVintage 2020, Main fund, Open-ended, SEC amount sold
- Groove Capital Fund II (QP), LP
- Main fund
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