VC  GrandBanks Capital

     Office Locations:

75 Second Avenue, Suite 360
Needham, MA 02494
Phone: 781-997-4300
Fax: 781-997-4301



  • Early



  • Communications & Networking
  • Financial Services
  • Information Technology
  • Media & Digital Media
  • Software & Internet
  • Storage & Hardware



    GrandBanks Capital (GBC) was co-founded and sponsored by SOFTBANK Corp. and Mobius Venture Capital (formerly SOFTBANK Venture Capital) to support their early-stage investment activities on the East Coast behind their partner, Charley Lax. Grandbanks invests in early stage companies located primarily in the Eastern part of the U.S. and operating principally in the areas of Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services.



      Fund Name



    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Alden Reid Principal
    Charles R. Lax Managing General Partner
    Jeffrey P. Parker Venture Partner
    JJ Healy Venture Partner
    Matthew Hicks Executive in Residence


    Recent Funding Events (trailing 12 months):










      Series A


    Portfolio companies include:

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      Celtra Technologies
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      Coherent Path
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      Colubris Networks
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      Defense Mobile
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      Disruptor Beam
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      First Coverge
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      GlassHouse Technologies
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      Knowledge Vision
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      Vela Systems
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    Recent News: