Traction Capital, a Minneapolis based hybrid private equity and venture capital firm, has launched a new venture capital fund.
Focus Funds is dedicated to making investments in, or acquisitions of, early stage and lower middle market companies that are in the “capital gap” zone.
The fund, with $15m targeted and $5m already committed, will invest in high potential businesses with a focus on promising companies that are owned and operated in Minnesota.
The vehicle is directed by Managing Partner Shane Erickson, who is supported by fellow entrepreneurs and investors including Andrew Duneman (Bulkreefsupply.com), Dan Mallin (Equals 3, Minnesota Cup), Ed Peterson (Ultralox), Jeff Fritz (Revel Health, Lighthouse 1), Jeff Hausmann (Cedar Valley Exteriors), John Folkestad (Salo), Julie Fallenstein (Fun.com), Matt Meents (Yardstik, Magnet 360), Scott Litman (Equals 3, Minnesota Cup), Tom Fallenstein (Fun.com), and Wade Burgess (Ultralox).
The fund has already identified several potential investments and has established an existing pipeline of deals in various stages of review.
FinSMEs
27/07/2020