What is Vertical Grooves?
Vertical Grooves, formerly Gramovox, LLC, is a Chicago-based manufacturer focused on producing high-quality goods using premium materials. The company is known for its innovative consumer electronics, including the Bluetooth Gramophone and the Floating Record Vertical Turntable. This enterprise-level funding suggests a company poised for significant scaling and market expansion.
How much funding has Vertical Grooves raised?
Vertical Grooves has raised a total of $1.7M across 2 funding rounds:
Series A
$650K
Other Financing Round
$1M
Series A (2014): $650K with participation from Hard Eight Ventures
Other Financing Round (2015): $1M led by Kickstarter
Key Investors in Vertical Grooves
Hard Eight Ventures
Hard Eight Ventures is an investment firm that likely focuses on early-stage companies with disruptive potential.
Kickstarter
Kickstarter is a crowdfunding platform that enables creators to raise funds for their projects, indicating strong community and consumer support for Vertical Grooves' innovative products.
What's next for Vertical Grooves?
With this latest round of major strategic investment, Vertical Grooves is expected to accelerate its product development and manufacturing capabilities. The company's trajectory, marked by consistent capital raises, indicates a strong market reception for its unique audio products. Future growth will likely involve expanding distribution channels and potentially introducing new product lines, leveraging the recent backing to solidify its position in the consumer electronics sector.
See full Vertical Grooves company page
