# GrandBanks Capital: portfolio, investments and team

> GrandBanks Capital is a vc firm based in United States. 55 investments on record, latest Nov 2018. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/grandbanks-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# GrandBanks Capital

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

Email

Quiet New fund $79M, Apr 2010 VC firm

Pre-seed Seed Series A Internet Infrastructure Software Software Services

Follow GrandBanks Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fgrandbanks-capital)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 55 on record

Since the last cheque **2914** days **00** hrs **00** min **00** sec

Median round **$8.5M** Rounds led **0 of 55** Sole investor **2 rounds** Exits **12 from the portfolio** Mostly in **United States, 93%**

Pitch GrandBanks Capital

## GrandBanks Capital highlights

- 01 55 rounds on record
- 02 Mostly Series A and Series B: 60% of its rounds
- 03 Sole investor in 2 rounds, median $2.3M
- 04 12 exits from the portfolio

## What they do

> early-stage investing experience From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Internet Infrastructure Software Software Services
- **Based in:** Needham, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **55 appearances**

- **2018** 1 round
- **Nov** **[Mavrck](https://millionrounds.com/company/mavrck)** US · FinSMEs **$5.8M** With 1 other
- **2017** 2 rounds
- **Jun** **[Dispatch](https://millionrounds.com/company/dispatch)** US · Bostinno **$12M** With 3 others
- **Feb** **[Disruptor Beam](https://millionrounds.com/company/disruptor-beam)** Series B · US · FinSMEs **$8.5M** With 1 other
- **2015** 3 rounds
- **Nov** **[Mavrck](https://millionrounds.com/company/mavrck)** Series A · US **$5.0M** With 1 other
- **Jun** **[Dispatch](https://millionrounds.com/company/dispatch)** Seed · US **$3.0M** With 1 other
- **Jan** **[Defense Mobile](https://millionrounds.com/company/defense-mobile)** Series A · US **$20M** With 2 others
- **2014** 4 rounds
- **Dec** **[Mavrck](https://millionrounds.com/company/mavrck)** Series A · US **$2.5M** Sole investor
- **Nov** **[Disruptor Beam](https://millionrounds.com/company/disruptor-beam)** Series A · US **$3.2M** With 6 others
- **Nov** **[Dispatch](https://millionrounds.com/company/dispatch)** Seed · US **$3.1M** With 2 others
- **Jun** **[Coherent Path](https://millionrounds.com/company/coherent-path)** Series A · US **$6.3M** With 4 others
- **2013** 3 rounds
- **Nov** **[HDmessaging](https://millionrounds.com/company/hdmessaging)** Series A · US · finsmes.com **$3.0M** With 4 others
- **Mar** **[ClearFit](https://millionrounds.com/company/clearfit)** Series A · US · techcrunch.com **$7.0M** With 1 other
- **Jan** **[Celtra Inc.](https://millionrounds.com/company/celtra-inc)** Series B · US · techcrunch.com **$4.0M** With 2 others
- **2012** 4 rounds
- **Jun** **[NEXAGE](https://millionrounds.com/company/nexage)** Series B · US · techcrunch.com **$15M** With 3 others
- **Mar** **[SilverRail Technologies](https://millionrounds.com/company/silverrail-technologies)** Series B · GB · finsmes.com **$15M** With 4 others
- **Jan** **[GlassHouse Technologies](https://millionrounds.com/company/glasshouse-technologies)** Debt · US · masshightech.com **$4.4M** With 1 other
- **Jan** **[EachScape](https://millionrounds.com/company/eachscape)** Series A · US **$3.0M** With 2 others
- **2011** 5 rounds
- **Sept** **[Achievers](https://millionrounds.com/company/achievers)** Series C · US · techcrunch.com **$25M** With 3 others
- **Sept** **[Achievers](https://millionrounds.com/company/achievers)** Venture · US · finsmes.com **$14M** With 3 others
- **Feb** **[InsightSquared](https://millionrounds.com/company/insightsquared)** Seed · US · bostinnovation.com **$1.0M** With 5 others
- **Jan** **[Celtra Inc.](https://millionrounds.com/company/celtra-inc)** Series A · US · techcrunch.com **$5.0M** With 1 other
- **Jan** **[Savored](https://millionrounds.com/company/savored)** Series A · US · techcrunch.com **$3.0M** With 4 others
- **2010** 5 rounds
- **Dec** **[KnowledgeVision](https://millionrounds.com/company/knowledgevision)** Series A · US · fis.dowjones.com **$2.0M** Sole investor
- **Sept** **[Vela Systems](https://millionrounds.com/company/vela-systems)** Series B · US · masshightech.com **$6.0M** With 2 others
- **Jul** **[SilverRail Technologies](https://millionrounds.com/company/silverrail-technologies)** Series A · GB · bizjournals.com **$9.0M** With 3 others
- **Apr** **[Exit41](https://millionrounds.com/company/exit41)** Series A · US · masshightech.com **$6.0M** With 2 others
- **Feb** **[Vivox](https://millionrounds.com/company/vivox)** Series C · US · freshnews.com **$6.8M** With 4 others
- **2009** 4 rounds
- **Jul** **[NEXAGE](https://millionrounds.com/company/nexage)** Series A · US · deals.venturebeat.com **$4.0M** With 1 other
- **May** **[Achievers](https://millionrounds.com/company/achievers)** Series B · US · sev.prnewswire.com **$5.9M** With 2 others
- **Mar** **[SendMe](https://millionrounds.com/company/sendme)** Series D · US · venturebeat.com **$12M** With 4 others
- **Jan** **[xkoto](https://millionrounds.com/company/xkoto)** Series C · US · xkoto.com **$3.0M** With 1 other
- **2008** 3 rounds
- **Apr** **[First Coverage](https://millionrounds.com/company/first-coverage)** Series B · CA · siliconindia.com **$9.0M** With 2 others
- **Mar** **[SendMe](https://millionrounds.com/company/sendme)** Series C · US · biz.yahoo.com **$15M** With 3 others
- **Feb** **[Incipient](https://millionrounds.com/company/incipient)** Series E · US · incipient.com **$16M** With 7 others
- **2007** 6 rounds
- **Nov** **[xkoto](https://millionrounds.com/company/xkoto)** Series B · US · venturebeat.com **$7.5M** With 1 other
- **Nov** **[Vivox](https://millionrounds.com/company/vivox)** Series B · US · venturebeat.com **$7.8M** With 2 others
- **Jul** **[Vela Systems](https://millionrounds.com/company/vela-systems)** Series A · US · velasystems.com **$6.0M** With 3 others
- **May** **[ULocate Communications](https://millionrounds.com/company/ulocate-communications)** Series C · US · where.com **$11M** With 2 others
- **May** **[Where](https://millionrounds.com/company/where)** Series C · US · ulocate.com **$11M** With 2 others
- **May** **[GlassHouse Technologies](https://millionrounds.com/company/glasshouse-technologies)** Series E · US · liquidscenarios.com **$12M** With 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 registration **3 named**

CR **Charles Reiner Lax** Manager i Form ADV

SD **Stefan Dmytro Kurylo** Chief Financial Officer i Form ADV

TJ **Timothy John Wright** General Partner i Form 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

**$63M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture 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

[Beamable](https://millionrounds.com/company/beamable)[Celtra](https://millionrounds.com/company/celtra)[Relay Ventures](https://millionrounds.com/company/relay-ventures) BlueRun Ventures Bru Venture Capital Companyon Ventures Dolphin Equity Partners Fairhaven Capital Hearst Interactive Media LP Reporting SingTel SoftBank Capital Unilever Ventures WPP 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 listed **12 in all**

**[Dispatch](https://millionrounds.com/company/dispatch)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Nov 2017

**[Achievers](https://millionrounds.com/company/achievers)** Bought by [BlackHawk Network](https://millionrounds.com/fund/blackhawk-network) **Undisclosed** Jun 2015

**[NEXAGE](https://millionrounds.com/company/nexage)** Bought by Millennial Media **$108M** Sept 2014

**[Savored](https://millionrounds.com/company/savored)** Bought by [Groupon](https://millionrounds.com/fund/groupon) **Undisclosed** Sept 2012

**[Vela Systems](https://millionrounds.com/company/vela-systems)** Bought by [Autodesk](https://millionrounds.com/fund/autodesk) **Undisclosed** Jun 2012

**[Ember](https://millionrounds.com/company/ember)** Bought by Silicon Laboratories **$72M** May 2012

**[Coradiant](https://millionrounds.com/company/coradiant)** Bought by BMC Software **Undisclosed** Apr 2011

**[Where](https://millionrounds.com/company/where)** Bought by [eBay](https://millionrounds.com/fund/ebay) **$135M** Apr 2011

**[uLocate Communications](https://millionrounds.com/company/ulocate-communications)** Bought by PayPal **$135M** Jan 2011

**[Where](https://millionrounds.com/company/where)** Bought by PayPal **$135M** Jan 2011

**[xkoto](https://millionrounds.com/company/xkoto)** Bought by Teradata **Undisclosed** May 2010

**[Colubris Networks](https://millionrounds.com/company/colubris-networks)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **Undisclosed** Aug 2008

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

New fund on file

**$79M**

raised in Apr 2010

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$8.5M** the round, not its cheque Alone, median **$2.3M**

Led 0 of 55 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Nov 2018
- **Exits:** 12 from the portfolio

Rounds by stage said on their site

- Series A said *18*
- Series B *12*
- Series C *10*
- Series D *4*
- Venture *3*
- Seed said *3*
- Pre-seed said *-*

Cheques by year Led Joined

2002 2018

Often in the room with

- [Kodiak Venture Partners](https://millionrounds.com/fund/kodiak-venture-partners) 8
- [Sigma Partners](https://millionrounds.com/fund/sigma-partners) 7
- [Globespan Capital Partners](https://millionrounds.com/fund/globespan-capital-partners) 6
- [Relay Ventures](https://millionrounds.com/fund/relay-ventures-4) 6
- [Canaan](https://millionrounds.com/fund/canaan-partners) 4
- [Commonwealth Capital Ventures](https://millionrounds.com/fund/commonwealth-capital) 3

**Pitching GrandBanks Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## 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.

[**Kodiak Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/kodiak-venture-partners)[**Sigma Partners** VC firm **7** rounds together](https://millionrounds.com/fund/sigma-partners)[**Globespan Capital Partners** VC firm **6** rounds together](https://millionrounds.com/fund/globespan-capital-partners)[**Relay Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/relay-ventures-4)[**Canaan** VC firm **4** rounds together](https://millionrounds.com/fund/canaan-partners)[**Commonwealth Capital Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/commonwealth-capital)[**DCM Ventures** Private equity **3** rounds together](https://millionrounds.com/fund/dcm-ventures)[**Greylock** VC firm **3** rounds together](https://millionrounds.com/fund/greylock-partners)[**HLM Investment Partners** VC firm **3** rounds together](https://millionrounds.com/fund/hlm-investment-partners)[**Mid-Atlantic Venture Funds** Family office **3** rounds together](https://millionrounds.com/fund/mid-atlantic-fund)[**Amicus Capital** VC firm **2** rounds together](https://millionrounds.com/fund/amicus-capital-l-p)[**BDC Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bdc-venture-capital)

## Recently backed

The latest companies GrandBanks Capital put money into.

[**Mavrck** $5.8M · Nov 2018](https://millionrounds.com/company/mavrck)[**Dispatch** $12M · Jun 2017](https://millionrounds.com/company/dispatch)

## 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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