Trind Ventures invests in a French marketplace for early career musicians Groover

Estonian Trind Ventures was one of the lead investors in a €7,4M Series A for a Paris-based marketplace for early career musicians Groover. Other lead investors included French VCs OneRagtime, Techmind, and MozzaAngels. Existing backers such as Paris-based investment firm Partech, Bpifrance’s Tech & Touch fund, Swiss Verve Ventures, and New York-based business platform French founders also participated in the round.

Founded in Paris in 2018 by Romain Palmieri and Dorian Perron, Groover connects musicians at the start of their careers with the top labels, radio stations, and shows. Musicians can also choose curators, media producers, or other industry professionals to listen to their tracks, respond with feedback within seven days, and share their music samples. In addition, Groover offers playlist placements, and social media sharing, including YouTube, as well as publishing articles, interviews, etc.

Groover will use the investment to enhance its offering and expand into North America, Europe, and Latin America.

Trind Ventures is an early-stage venture fund with an initial ticket of €0,1M to €1M, and follow-on investments of up to €5M per company. The partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola, Taavi Lepmets, and Reima Linnanvirta. In September 2022, the company closed Fund II with €55M. The goal was to invest in 30–40 startups within four years.