Tandem Capital, the Silicon Valley-based mobile incubator, is making headlines with the announcement of three new startups that have joined its ranks. This news comes on the heels of a Securities and Exchange Commission (SEC) filing earlier this year, which revealed that Tandem is in the process of raising a significant new fund.
Expansion Plans
According to Doug Renert, co-founder of Tandem Capital, the firm has been planning to expand significantly. One of the first steps in this expansion was hiring two new partners: Rohit Bhagat and John Ellis. Renert acknowledged that raising more funding is also part of the plan.
New Fund
The SEC filing revealed that the new fund will total $100 million, which is several times larger than Tandem’s previous fund of $32 million raised last year. It’s unclear whether the fund has closed or if Tandem will be able to raise the full amount. A spokesperson for the firm confirmed that they are indeed raising a new fund but declined to provide any further details.
Investment Strategy
Renert has stated in the past that his goal is to invest around $200,000 in three startups each quarter that have built a product but don’t yet have traction. Tandem offers these startups mentorship and office space, followed by follow-on investments in those that prove successful.
Emerging Markets
Renert has also expressed interest in opportunities emerging markets. By investing in innovative startups in these regions, Tandem Capital aims to tap into the vast potential of mobile commerce and e-commerce growth.
New Startups
Tandem is proud to announce its first group of startups backed by the new fund:
- Shoptimize: a mobile commerce platform for traditional merchants in emerging markets. The team has already partnered with over 20 businesses outside the U.S., instantly making their products and services available on mobile devices.
- AcceptPay: a cash-on-delivery platform to support e-commerce in cash-centric economies. They have a core technology team in Silicon Valley, working closely with banks and merchants outside the U.S. to facilitate seamless transactions.
- PacketZoom: a mobile content delivery network started by ex-Google engineers. They accelerate mobile application performance substantially across the last mile of mobile networks.
These startups are making waves in the industry with their innovative approaches to mobile commerce and e-commerce. With Tandem’s support, they are poised for significant growth and success.
Tandem Capital: A Hub for Innovation
As a leading mobile incubator, Tandem Capital provides startups with the resources and guidance needed to thrive. By investing in emerging markets and innovative technologies, Tandem is driving progress in the industry and fostering a culture of innovation.
With its new fund and expanding team, Tandem Capital is positioned for continued growth and success. As the startup ecosystem continues to evolve, one thing is clear: Tandem Capital is at the forefront of mobile commerce and e-commerce innovation.
About Tandem Capital
Tandem Capital is a Silicon Valley-based mobile incubator that invests in innovative startups with tremendous potential for growth. With its experienced team and access to top-tier resources, Tandem provides the perfect environment for entrepreneurs to turn their ideas into reality.
Stay tuned for more updates on Tandem Capital’s latest developments and follow us for the latest news and insights from the world of mobile commerce and e-commerce.
Sources
- Tandem Capital Announces New Startups
- SEC Filing: Tandem Capital Raises $100 Million Fund
- Interview with Doug Renert, Co-Founder of Tandem Capital
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We hope you found this article informative and engaging. Stay tuned for more updates on Tandem Capital’s latest developments and follow us for the latest news and insights from the world of mobile commerce and e-commerce.
