United States · Investor

GrandBanks Capital

Last cheque observed Nov 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $79M, Apr 2010VC firm

Pre-seedSeedSeries AInternet InfrastructureSoftwareSoftware Services

Cheques on record
0%of best year0cheques in 12 months, 55 on record
Since the last cheque2914days00hrs00min00sec
Median round$8.5MRounds led0 of 55Sole investor2 roundsExits12 from the portfolioMostly inUnited States, 93%
Pitch GrandBanks Capital

GrandBanks Capital highlights

  1. 01

    55 rounds on record

  2. 02

    Mostly Series A and Series B: 60% of its rounds

  3. 03

    Sole investor in 2 rounds, median $2.3M

  4. 04

    12 exits from the portfolio

What they do

early-stage investing experienceFrom their own website
Type
VC firm
Cheque size
Not stated
Stages
Pre-seedSeedSeries A
Sectors
Internet InfrastructureSoftwareSoftware Services
Based in
Needham, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first55 appearances

  1. 2018

    1 round

  2. Nov
    MavrckUS · FinSMEs$5.8MWith 1 other
  3. 2017

    2 rounds

  4. Jun
    DispatchUS · Bostinno$12MWith 3 others
  5. Feb
    Disruptor BeamSeries B · US · FinSMEs$8.5MWith 1 other
  6. 2015

    3 rounds

  7. Nov
    MavrckSeries A · US$5.0MWith 1 other
  8. Jun
    DispatchSeed · US$3.0MWith 1 other
  9. Jan
    Defense MobileSeries A · US$20MWith 2 others
  10. 2014

    4 rounds

  11. Dec
    MavrckSeries A · US$2.5MSole investor
  12. Nov
    Disruptor BeamSeries A · US$3.2MWith 6 others
  13. Nov
    DispatchSeed · US$3.1MWith 2 others
  14. Jun
    Coherent PathSeries A · US$6.3MWith 4 others
  15. 2013

    3 rounds

  16. Nov
    HDmessagingSeries A · US · finsmes.com$3.0MWith 4 others
  17. Mar
    ClearFitSeries A · US · techcrunch.com$7.0MWith 1 other
  18. Jan
    Celtra Inc.Series B · US · techcrunch.com$4.0MWith 2 others
  19. 2012

    4 rounds

  20. Jun
    NEXAGESeries B · US · techcrunch.com$15MWith 3 others
  21. Mar
    SilverRail TechnologiesSeries B · GB · finsmes.com$15MWith 4 others
  22. Jan
    GlassHouse TechnologiesDebt · US · masshightech.com$4.4MWith 1 other
  23. Jan
    EachScapeSeries A · US$3.0MWith 2 others
  24. 2011

    5 rounds

  25. Sept
    AchieversSeries C · US · techcrunch.com$25MWith 3 others
  26. Sept
    AchieversVenture · US · finsmes.com$14MWith 3 others
  27. Feb
    InsightSquaredSeed · US · bostinnovation.com$1.0MWith 5 others
  28. Jan
    Celtra Inc.Series A · US · techcrunch.com$5.0MWith 1 other
  29. Jan
    SavoredSeries A · US · techcrunch.com$3.0MWith 4 others
  30. 2010

    5 rounds

  31. Dec
    KnowledgeVisionSeries A · US · fis.dowjones.com$2.0MSole investor
  32. Sept
    Vela SystemsSeries B · US · masshightech.com$6.0MWith 2 others
  33. Jul
    SilverRail TechnologiesSeries A · GB · bizjournals.com$9.0MWith 3 others
  34. Apr
    Exit41Series A · US · masshightech.com$6.0MWith 2 others
  35. Feb
    VivoxSeries C · US · freshnews.com$6.8MWith 4 others
  36. 2009

    4 rounds

  37. Jul
    NEXAGESeries A · US · deals.venturebeat.com$4.0MWith 1 other
  38. May
    AchieversSeries B · US · sev.prnewswire.com$5.9MWith 2 others
  39. Mar
    SendMeSeries D · US · venturebeat.com$12MWith 4 others
  40. Jan
    xkotoSeries C · US · xkoto.com$3.0MWith 1 other
  41. 2008

    3 rounds

  42. Apr
    First CoverageSeries B · CA · siliconindia.com$9.0MWith 2 others
  43. Mar
    SendMeSeries C · US · biz.yahoo.com$15MWith 3 others
  44. Feb
    IncipientSeries E · US · incipient.com$16MWith 7 others
  45. 2007

    6 rounds

  46. Nov
    xkotoSeries B · US · venturebeat.com$7.5MWith 1 other
  47. Nov
    VivoxSeries B · US · venturebeat.com$7.8MWith 2 others
  48. Jul
    Vela SystemsSeries A · US · velasystems.com$6.0MWith 3 others
  49. May
    ULocate CommunicationsSeries C · US · where.com$11MWith 2 others
  50. May
    WhereSeries C · US · ulocate.com$11MWith 2 others
  51. May
    GlassHouse TechnologiesSeries E · US · liquidscenarios.com$12MWith 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration3 named

CRCharles Reiner LaxManageriForm ADV
SDStefan Dmytro KuryloChief Financial OfficeriForm ADV
TJTimothy John WrightGeneral PartneriForm ADV

We also hold 7 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$63Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Grandbanks Capital Management Company LLC
SEC number
CRD 329716

What they claim to have backed

From their own portfolio page (on their website)

3 of 14 we have independently watched raise

BeamableCeltraRelay VenturesBlueRun VenturesBru Venture CapitalCompanyon VenturesDolphin Equity PartnersFairhaven CapitalHearst Interactive MediaLP ReportingSingTelSoftBank CapitalUnilever VenturesWPP Group

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed12 in all

DispatchBought by AmazonUndisclosedNov 2017
AchieversBought by BlackHawk NetworkUndisclosedJun 2015
NEXAGEBought by Millennial Media$108MSept 2014
SavoredBought by GrouponUndisclosedSept 2012
Vela SystemsBought by AutodeskUndisclosedJun 2012
EmberBought by Silicon Laboratories$72MMay 2012
CoradiantBought by BMC SoftwareUndisclosedApr 2011
WhereBought by eBay$135MApr 2011
uLocate CommunicationsBought by PayPal$135MJan 2011
WhereBought by PayPal$135MJan 2011
xkotoBought by TeradataUndisclosedMay 2010
Colubris NetworksBought by Hewlett-PackardUndisclosedAug 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as GrandBanks Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies GrandBanks Capital put money into.

Quick answers about GrandBanks Capital

What does GrandBanks Capital invest in?

GrandBanks Capital invests most often at Series A and Series B (60% of the rounds on record), in sectors such as Internet Infrastructure, Software and Software Services.

How active is GrandBanks Capital?

55 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2018.

What has GrandBanks Capital invested in recently?

Its most recent investments on record: Mavrck (Undisclosed round, Nov 2018), Dispatch (Undisclosed round, Jun 2017) and Disruptor Beam (Series B, Feb 2017).

How big are GrandBanks Capital's cheques?

The median round it joins is $8.5M.

Does GrandBanks Capital lead rounds?

Rarely, if at all: none of its 55 investments on record names it as the lead.

Where does GrandBanks Capital invest?

Most of the companies it backs are in the United States (93%) and the United Kingdom (5%).

Is GrandBanks Capital investing now?

No investments in the last 12 months; the latest was in Nov 2018.

Who does GrandBanks Capital invest alongside?

Most often Kodiak Venture Partners (8 rounds together), Sigma Partners (7 rounds together) and Globespan Capital Partners (6 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it