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Tandem Capital

North America, California, United States, Menlo Park

Description

Tandem Capital is a Menlo Park, California-based seed-stage venture capital firm, established in 2011, with a distinct focus on product and go-to-market innovation. The firm primarily targets early-stage companies in the mobile, consumer, and enterprise sectors. Known for its hands-on approach, Tandem Capital positions itself as a close partner to founders, offering operational support and strategic guidance beyond just capital. This collaborative philosophy aims to help startups navigate the critical initial phases of development and market entry.

The firm's investment strategy is centered on identifying passionate entrepreneurs who are building disruptive products and services. Tandem Capital emphasizes deep engagement with its portfolio companies, leveraging the team's entrepreneurial and investment experience to assist with scaling and growth. They seek to back companies that demonstrate strong potential for innovation and have a clear path to market adoption, often looking for unique technological advantages or novel business models.

Tandem Capital has demonstrated consistent activity in the seed ecosystem, having raised approximately $100 million across four distinct funds. Their most recent fund, Tandem Capital IV, closed in 2018 with $50 million. This capital has enabled the firm to build a robust portfolio, making over 100 investments since its inception. The firm has also seen a significant number of successful exits, with more than 20 companies from its portfolio achieving liquidity events. Typically, Tandem Capital's initial check sizes for seed rounds range from $250,000 to $1 million, with the capacity for follow-on investments as portfolio companies mature.

Investor Profile

Tandem Capital has backed more than 65 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 17% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Convertible Note rounds (top funding stages).
  • Majority of deals are located in United States, India, Spain.
  • Strong thematic focus on Mobile, Software, Apps.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (52%)
  • Series A (20%)
  • Convertible Note (11%)
  • Series B (6%)
  • Series Unknown (6%)
  • Series C (3%)
  • Angel (2%)

Country Focus

  • United States (88%)
  • India (5%)
  • Spain (3%)
  • Canada (3%)
  • Singapore (2%)

Industry Focus

  • Mobile
  • Software
  • Apps
  • Internet Of Things
  • Ios
  • Internet
  • Information Technology
  • Consumer Electronics
  • Android
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Tandem Capital frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 4
FusionX Ventures
North America, California, United States, San Diego
Co-Investments: 3
Autotech Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
Sand Hill Angels
North America, California, United States, Mountain View
Co-Investments: 3
Root Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Baseline Ventures
North America, Wyoming, United States, Jackson
Co-Investments: 3
500 Global
North America, California, United States, San Francisco
Co-Investments: 3
Headline
North America, California, United States, San Francisco
Co-Investments: 4
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 6
Notable Capital
North America, California, United States, Menlo Park
Co-Investments: 4

Which angels does Tandem Capital often collaborate with?

BR
North America, New York, United States, New York
Shared Deals: 1
JW
North America, California, United States, San Francisco
Shared Deals: 1
KS
North America, California, United States, San Francisco
Shared Deals: 1
AM
North America, California, United States, San Francisco
Shared Deals: 1
PB
North America, California, United States, Mountain View
Shared Deals: 1
TW
North America, California, United States, San Francisco
Shared Deals: 1
BJ
North America, California, United States, San Francisco
Shared Deals: 1
LR
North America, California, United States, Palo Alto
Shared Deals: 2
BL
Asia, T'ai-pei, Taiwan, Taipei
Shared Deals: 1
PR
North America, California, United States, San Mateo
Shared Deals: 2

What are some of recent deals done by Tandem Capital?

Lambda School

San Francisco, California, United States

Lambda School trains people to be software engineers for free in exchange for a share of future income.

E-LearningEdTechEducationHigher Education
Series CAug 21, 2020
Amount Raised: $74,000,000
Boom.tv

San Mateo, California, United States

BoomTV is an Esports entertainment platform that provides tools to automate score tracking, streaming, and generating event hubs.

3D TechnologyCommunitiesComputer VisioneSportsGamingVideo Streaming
Series AJun 10, 2020
Amount Raised: $10,000,000
Coral Labs

San Mateo, California, United States

Coral Labs offers a smart manicure device that can automatically paint nails.

BeautyConsumer ElectronicsElectronics
SeedDec 20, 2019
Amount Raised: $4,300,000
Bellwether Coffee

Berkeley, California, United States

Bellwether Coffee develops hardware and software platform to transform the coffee industry.

CoffeeCommercialFood and BeverageInformation TechnologySoftware
Series BSep 4, 2019
Amount Raised: $40,000,000
ParkourSC

San Jose, California, United States

ParkourSC is a logistics and supply chain company that specializes in digital transformation, manufacturing, and pharmaceutical.

Asset ManagementInternet of ThingsLogisticsReal TimeSupply Chain Management
Series BAug 7, 2019
Amount Raised: $26,000,000
TruckLabs

Redwood City, California, United States

TruckLabs is a trucking technology company that improves the efficiency and sustainability of today's and tomorrow's fleets.

Fleet ManagementIndustrialService IndustryTransportation
Series AMay 1, 2019
Amount Raised: $10,500,000
Outdoorsy

Austin, Texas, United States

Outdoorsy is a marketplace platform that connects RV owners with other campers.

InternetMarketplaceOutdoorsPeer to Peer
Series CJan 15, 2019
Amount Raised: $50,000,000
Bellwether Coffee

Berkeley, California, United States

Bellwether Coffee develops hardware and software platform to transform the coffee industry.

CoffeeCommercialFood and BeverageInformation TechnologySoftware
Series AAug 27, 2018
Amount Raised: $10,000,000
Nom Nom

Nashville, Tennessee, United States

We make real food to support healthier, longer lives for folks with paws. Because what’s good for people is good for pets too.

Consumer GoodsFood DeliveryHealth CareInformation TechnologyPet
Series AMay 11, 2018
Amount Raised: $10,000,000
Nom Nom

Nashville, Tennessee, United States

We make real food to support healthier, longer lives for folks with paws. Because what’s good for people is good for pets too.

Consumer GoodsFood DeliveryHealth CareInformation TechnologyPet
SeedMay 10, 2018
Amount Raised: $3,000,000