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Traction Capital

Venture capital

Minneapolis · Seed–Growth · 17 people tracked

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Investment thesis

Traction Capital positions itself as an entrepreneur-led hybrid VC and PE firm focused on Minnesota and the broader Midwest. Rather than chasing outsized deals or unicorns, it backs early-stage startups and acquires established businesses, partnering with founders and owners through operational expertise, proven playbooks, and 'smart capital.' The firm emphasizes hands-on, value-add support beyond capital, including strategic guidance, financial modeling, management experience, and network introductions, and helps portfolio companies implement the EOS framework from investment through exit. More than 80% of its investors are entrepreneurs themselves, reinforcing its founder-centric, locally rooted approach to building lasting value in Midwest companies.

Source: firm website, verified Sep 27, 2026.

Stage
Seed–Growth
Check
$500K – $1M
HQ
Minneapolis, Minnesota, US
Instruments
Equity
Founded
2010
Last 12 months
1 investment
AUM
$16.6M
Tracked investments
19

Team · 17 people

from the firm's website & public directories
Andrew Duneman· Co-Founder of Bulkreefsupply.com

Advisory Committee member and investor in the fund; co-founder of Bulkreefsupply.com.

Barb Stinnett· Founder of Timmaron Groupin

Advisory Committee member and investor; founder of Timmaron Group.

Jeff Fritz· CEO at Revel, Founder of Insite Software, Evolution1 (Lighthouse1)in

Advisory Committee member and investor; CEO at Revel and founder of Insite Software and Evolution1.

Wade Burgess· Co-Founder of UltraLoxin

Advisory Committee member and investor in the fund; co-founder of UltraLox.

Tom Fallenstein· President & CEO of Fun.comin

Advisory Committee member and investor; President and CEO of Fun.com.

Founder mafia

3 people who came through Traction Capital went on to found or lead other companies.

What they invest in

from 6 of 19 portfolio companies

SaaS ×3E-commerce ×2Enterprise Software ×2AdTech ×1Cleantech ×1Consumer ×1Creator Economy ×1EdTech ×1

HQs:United States×7

Investments · 19 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12021 · 13 dated

Backpackbackpackumn.comin

Backpack UMN is a student-led creative agency based at the University of Minnesota that provides brand strategy, social media campaigns, design, content creation, and media planning services.

AdTechCreator EconomyMarketing TechMedia & EntertainmentMinneapolis, US

Blake Hoffmann(General Manager)

Co-investorsCollab CapitalGenius GuildHopelabPACE Healthcare CapitalPortland Seed FundRethink Education+1 more

Bunchagobuncha.comin𝕏

Buncha is a social commerce platform that delivers groceries and products from favorite stores on a neighborhood-based schedule.

CleantechConsumerE-commerceLogistics & Supply ChainHopkins, US

Co-investorsMatchstick VenturesStarting LineTechstarsUnusual VenturesAssembly VenturesFoundry+4 more

Minnesota Cupumn.eduin𝕏

The University of Minnesota is a public higher education institution offering undergraduate majors, graduate and professional degrees, and internship and research opportunities across fields including liberal arts and business.

EdTechMinneapolis, US

Co-investorsAngel Physicians Fund

Paradegetparade.comin𝕏Defunct

Parade is an AI-based tool that helps startup founders generate a visual brand identity and create web and marketing assets through a question-based process.

Enterprise SoftwareFuture of WorkSaaSSeattle, US

David Klein(Founder)inAnthony Sutardja(Founder)Cami Tellez(Founder)Jack DeFuria(Founder)Preet Sivia(Founder)Tony Wu(Founder)in

Co-investorsCapital B Private HoldingsKickstart InnovationY CombinatorEarthshot VenturesGoAhead VenturesMaveron+1 more

Refr Sportsrefrsports.cominOct 2025

Refr is a referee assigning platform that lets sports assignors and organizations import schedules, assign officials, and manage payments from a single dashboard.

FintechSaaSSports TechMinneapolis, US

Isaac Huxley Sorock(Executive Officer)Wyatt Karl Gustafson(Executive Officer)Huck Sorock(Founder)Wyatt Gustafson(Founder)

Co-investorsCampus Founders FundGROOVE CAPITALTechstarsKickstart

Saltbox Mgmtsaltboxmgmt.cominDec 2024

Saltbox Mgmt is a Salesforce consulting partner that designs, implements, and optimizes commerce and revenue solutions using tools like Agentforce Commerce, Order Management, Partner Cloud, and Data Cloud.

E-commerceEnterprise SoftwareSaaSMinneapolis, US

David Blue(Executive Officer, Director)inJon Madrid(Chief Operating Officer & Director)Marie-Michelle Caron(Director)Christina Bailey(Director)George Acker(Director)Das Nobel(Director)

Co-investorsSalesforce Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

RepetixAtalasticityBlank MetalClean WasteControlbrightDelve HealthGoRoutImpacksKwiklyParquaPowerPusherPrime-PartySuperior

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Traction Capital made?
Traction Capital has 19 tracked investments, including 2 dated in the last 24 months.
What stage does Traction Capital invest at?
Traction Capital invests at the Seed, Series A, Growth stages.
What is Traction Capital's typical check size?
Traction Capital typically writes checks of $500K – $1M.
What sectors does Traction Capital focus on?
Traction Capital focuses on Advanced Manufacturing, Consumer, Enterprise Software, Retail Tech, SaaS, Sector Agnostic.
Where is Traction Capital located?
Traction Capital is headquartered in Minneapolis, US.
Who does Traction Capital co-invest with?
Traction Capital most often shares deals with Techstars, Foundry, Gaingels, among 16 tracked co-investors.

Media · Podcasts & interviews

from their channel

Traction Capital - A Founder's Perspective

Traction Capital

Introductions

Traction Capital

About the Company and the Fund

Traction Capital

Why EOS?

Traction Capital

Why Shane and Why Traction Capital?

Traction Capital

Why Traction Capital?

Traction Capital

Images

Traction Capital photoTraction Capital photo

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