Tandem Ventures Announces $50M Fund I
Surpassing $100M Raised for Founders Building Early-Stage Technology Companies
September 16, 2025 — Tandem Ventures, a founder-focused venture capital firm investing in early-stage technology companies, announced today that it has surpassed $100 million raised since its founding in 2022. Tandem has made 28 investments and built a growing reputation for pairing capital with hands-on founder support.
Tandem has made these investments through a combination of a $50M early-stage venture fund and over $58M in additional co-investments via SPVs. The firm’s hybrid approach allows it to support companies from idea through later-stage growth rounds. “This fund provides the capital to help founders cross the $10M ARR milestone with operational rigor and a high-touch support network. Plus, we also have capacity to follow on with $5M–$15M checks to give founders the resources to build beyond the $25M+ ARR benchmark,” says Tandem co-founder McKay Dunn.
“Reaching this milestone validates our belief in the next generation of founders—particularly those building in Utah,” said Alex Bean, Managing Partner at Tandem Ventures and co-founder of Divvy (acquired by Bill.com for $2.6B). “Plenty of firms claim to provide ‘value.’ I found the best value we can bring is driving revenue for our portfolio companies.” Tandem is the only fund in Utah, and one of fewer than 20 in the U.S., with a unicorn founder as a General Partner.
In 2025, Tandem has set a firm goal to drive $10 million in net new ARR across its portfolio. To reach it, the firm has built a dedicated team led by Managing Partner Jimmer Fredette focused on revenue acceleration, making high-leverage customer introductions, unlocking partnerships, and helping founders close early commercial wins. And it’s working. “We closed nearly $4M ARR from Tandem’s revenue acceleration efforts in the last 6 months—this uplifts everything in our business and accelerates our progress. Their efforts have opened doors and effectively extended our sales team beyond the walls of our office.” – Zach Newman, CEO of Enzo Health, a Tandem Ventures portfolio company. Jimmer is a favorite with Tandem Founders: “I’m focused and dedicated to our portfolio companies, and it’s a lot of fun. I am regularly collaborating with our founders and their teams to drive productive introductions to hard-to-reach contacts with their dream customers.”
Tandem’s team brings together experienced operators, investors, and community builders. The firm’s LPs and “Stable”—a network of proven founders—continue to serve as a strategic growth partner for portfolio companies, providing active mentorship and deep operational guidance as the companies mature. Visit our Stable Page here.
“Our $50M Fund I is dedicated to the earliest builders—those architecting the future, fixing the broken, addressing markets, and unlocking human progress. They don’t need another investor—they need conviction, capital, fast decisions, and real help. That’s us,” said Zoob Kerr, Managing Partner at Tandem Ventures.
As Tandem looks ahead, the firm remains committed to backing bold founders early, offering strategic support throughout the journey, and making a lasting impact on the innovation economy in Utah and beyond.
About Tandem
As B2B SaaS generalists with a strong focus on vertical AI, the team champions founders from the very first diligence call and executes shoulder to shoulder with their companies. Their unique operating backgrounds, unmatched founder network, and carefully tailored resources have fueled remarkable progress across the portfolio.