Trind Ventures co-leads $8M Series A round for Groover

Estonian Trind Ventures has announced its investment in Groover, a French music promotion startup, during its $8 million Series A round. The fund is one of the lead investors in the company along with OneRagtime, Techmind, and MozzaAngels.

About Groover

• Groover was founded in 2018 in Paris by Dorian Perron, Rafael Cohen, and Romain Palmieri. The company develops a platform that connects independent artists with the best curators, radio stations, and labels seeking emerging talents.
• The platform guarantees that music curators and professionals will listen to the author’s track, respond with feedback, and share the tracks they like. Since its launch, Groover has attracted nearly 350 000 independent artists from over 180 countries, generating over 4 million personalized reviews.

Who are the investors?

• Trind Ventures is one of the lead investors in Groover. It is an Estonian seed-stage venture fund focusing on European software startups with a consumer or community component. Since the launch in 2022, the fund managed to invest in over a dozen European companies.

Romain and his passionate team are solving one of the major pain points for artists and are doing so in a very smart and scalable way. The industry is changing as seen from our three other music related companies. Groover is well positioned to continue growing into an important piece of the puzzle of the new music industry architecture. We are thankful to the Groover founders and team for allowing us to be part of the journey with them!

Taavi Lepmets, Partner at Trind Ventures, commented.

• The round was also co-lead by OneRagtime, Techmind, and MozzaAngels. Groover was also backed by historical backers, Partech, Bpifrance’s Tech & Touch fund, Verve Ventures, and Frenchfounders.

What’s next for Groover?

With the fresh capital, Groover plans to integrate two additional services to the platform, New Groover Club membership service and Groover Obsessions, as well as strengthen its position in North America, Europe, and Latin America.