Tandem

12459 S 300 E Suite 102

Draper, UT 84020

Description:

Tandem Ventures is a Draper, Utah-based venture capital firm established in 2022, focusing on early-stage investments in technology companies, particularly within Utah's burgeoning tech ecosystem. The firm was founded by Alex Bean, co-founder of Divvy (acquired by Bill.com for $2.6 billion), and Mckay Dunn, who brings experience from traditional VC and asset management backgrounds. They are joined by partners Jimmer Fredette, a former professional basketball player with strong ties to the Utah community, and Zac Kerr, co-founder of SalesRabbit and an active angel investor.

Tandem is a $50 million fund that primarily invests in companies at the pre-seed, seed, and Series A stages, with check sizes ranging from $1 million to $3 million. The firm has deployed $54 million into a Series B+ via a SPV.

The firm emphasizes backing strong founding teams and leverages its extensive network to drive revenue growth for its portfolio companies. Notably, Tandem has established a group called the "Stable," comprising successful founders of billion-dollar (Unicorn) and $100 million+ (Centaur) businesses, to mentor and support new entrepreneurs.

In addition to its early-stage fund, Tandem has deployed $30 million through Special Purpose Vehicles (SPVs) to invest in later-stage companies, demonstrating a flexible investment approach . The firm's commitment to fostering Utah's innovation economy is evident in its strategic partnerships and active involvement in the local startup community.

Alex Bean, McKay Dunn (founding partners), Zac Kerr, Jimmer Fredette (partners)

Company size:

11-50

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