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Tuesday Capital, formerly known as CrunchFund, was founded in 2011 and is headquartered in Silicon Valley, California. The firm specializes in early-stage investments, focusing on technology-driven startups across various sectors. Over the past decade, Tuesday Capital has been involved in numerous successful ventures, contributing to the emergence of unicorns, IPOs, and acquisitions. The firm has a notable reputation for its hands-on approach, providing strategic guidance, hiring assistance, and marketing support to help companies thrive in competitive markets.
As of now, Tuesday Capital manages a total of approximately $100 million across five funds, with its latest fund, Fund V, raising $31 million in August 2023. The firm has transitioned its headquarters to Austin, Texas, while maintaining a presence in San Francisco. This move aligns with the broader trend of tech migration towards Austin, reflecting the firm’s adaptability and commitment to supporting founders in a changing landscape.
Tuesday Capital invests in early-stage companies, specifically targeting sectors such as healthcare, fintech, SaaS, and artificial intelligence. The firm operates across a range of investment stages, including pre-seed, seed, seed-plus (extension), and Series A. Check sizes typically range from $250,000 to $500,000, with average rounds around $5 million, often including co-investors. This investment strategy allows Tuesday Capital to engage with a diverse array of startups while providing substantial support to founders.
The firm emphasizes a hands-on approach, offering strategic guidance, hiring assistance, and marketing efforts to enhance portfolio visibility. Tuesday Capital's strong media presence, rooted in its founders' backgrounds, helps portfolio companies attract further investment and gain market traction. The firm seeks to partner with technology-driven startups that demonstrate potential for significant growth and innovation.
Tuesday Capital has a diverse portfolio that includes several notable companies:
Additionally, Tuesday Capital has been involved in significant acquisitions, including companies like Authy, which was acquired by Twilio, and others that have been acquired by major firms such as Salesforce, Google, and Facebook. This track record highlights the firm's ability to identify and support high-potential startups.
Patrick Gallagher - Co-Founder, Managing Partner. Patrick has extensive experience in venture capital and has been instrumental in guiding numerous successful startups. He co-founded Tuesday Capital and has a strong track record in early-stage investments.
Ethan Imboden - Partner. Ethan brings a wealth of experience in venture capital and has been involved in various successful investments. His expertise lies in identifying high-potential startups and providing strategic support.
Michael Arrington - Co-Founder. Michael is the founder of TechCrunch and has a notable background in venture capital. While his current involvement in Tuesday Capital is unclear, his legacy continues to influence the firm's approach to investing.
Prashant Fonseka - Partner. Prashant joined Tuesday Capital as an associate in 2015 and was promoted to partner in 2020. He has played a key role in the firm's investment strategy and portfolio management.
To pitch Tuesday Capital, founders should visit their website at tuesday.vc for guidelines. The firm prefers detailed pitch decks that clearly outline the startup's vision, market potential, and team capabilities. While cold pitches are accepted, warm introductions can enhance the likelihood of a favorable response.
Founders can expect a response within a few weeks after submitting their pitch. It is advisable to include key metrics and milestones achieved to date, as this information helps the firm assess the startup's potential for growth.
In August 2023, Tuesday Capital successfully raised $31 million for its latest seed-stage fund, Fund V. This fund continues the firm's strategy of investing in early-stage technology-driven startups.
Recently, Tuesday Capital led a $2.5 million seed round for Bloom Community, a platform designed for queer and ethically non-monogamous individuals. Additionally, the firm participated in OutPoint's pre-seed round alongside other investors, showcasing its commitment to supporting innovative startups across various sectors.
What are Tuesday Capital's investment criteria?
Tuesday Capital focuses on early-stage technology-driven startups across sectors like healthcare, fintech, SaaS, and AI. The firm invests at various stages, including pre-seed, seed, seed-plus, and Series A, with check sizes typically ranging from $250,000 to $500,000.
How can founders apply or pitch to Tuesday Capital?
Founders can pitch to Tuesday Capital by visiting their website at tuesday.vc. The firm encourages detailed presentations that highlight the startup's vision, market potential, and team capabilities.
What makes Tuesday Capital different from other venture firms?
Tuesday Capital differentiates itself through its hands-on support model, providing strategic guidance, hiring assistance, and marketing efforts to enhance portfolio visibility. The firm's strong media presence, rooted in its founders' backgrounds, helps startups gain traction and attract further investment.
What is Tuesday Capital's geographic scope?
Tuesday Capital invests globally, with a strong focus on North America. The firm seeks to partner with innovative startups regardless of their location, as long as they align with its investment thesis.
What is Tuesday Capital's post-investment involvement like?
After investing, Tuesday Capital actively engages with its portfolio companies, offering ongoing support in strategic planning, hiring, and marketing. This involvement helps ensure that startups are well-positioned for growth and success in their respective markets.
What is the size of Tuesday Capital's funds?
Tuesday Capital has raised multiple funds, with its latest fund, Fund V, totaling $31 million. The firm has consistently maintained fund sizes around $30 million, reflecting a deliberate micro-fund strategy focused on high-volume seed investing.
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