Traction Capital Launches Fund II to Fuel Minnesota Startups

Whats Happening:

Traction Capital, a Minnesota-based venture capital and growth equity firm, has launched Fund II, targeting $40M-60M to invest in early-stage businesses in Minnesota and neighboring states. The fund has already raised over $30M in subscriptions and made investments in two local companies: Blank Metal and PARQA.

Key Moves:

• Traction Capital launches Fund II, targeting $40M-60M

• Fund II has already raised over $30M in subscriptions

• Investments made in two local companies: Blank Metal and PARQA

By The Numbers:

• Fund II has raised over $30M in subscriptions

• Target fund size is $40M-60M

• Over 80% of Traction Capital's investors are small business owners

Key Quotes:

• "We're excited to launch Fund II and continue our support of outstanding founders," said Shane Erickson, Managing Partner at Traction Capital.

• "As entrepreneurs, we know how tough scaling a business can be. That's why we don't just invest; we offer hands-on experience to help our portfolio companies grow."

• "The success of our first fund proved that when you combine capital with the right strategy, expertise, and a solid framework like EOS®, big things happen."

Bottom Line:

Traction Capital's launch of Fund II demonstrates its commitment to fueling the growth of early-stage businesses in Minnesota and neighboring states. By combining financial backing with strategic guidance and leveraging its network of experienced investors, the fund aims to create significant value for founders and drive economic growth in the region.

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