Tandem Ventures is a founder-first venture capital firm based in Utah, created to back the next generation of unicorns with capital, operational expertise, and hands-on support. Founded in 2022, Tandem is the only VC in Utah with a unicorn founder as a general partner, combining deep founder experience with a high-touch approach to helping early-stage technology companies grow.
The firm invests in early-stage B2B SaaS startups with an emphasis on vertical AI. Tandem positions itself as a generalist within SaaS while maintaining a strong thematic focus on technologies that can drive measurable business value.
Its goal is to partner with founders from the earliest stages, supporting them in reaching product-market fit and scaling revenue.
Tandem Ventures closed its debut $50 million Fund I in September 2025. This vehicle is dedicated to the earliest-stage builders, with the stated goal of helping portfolio companies cross the $10 million ARR milestone while providing the operational rigor to scale beyond $25 million ARR.
Alongside the fund, Tandem has raised over $58 million through special purpose vehicles, giving it flexibility to follow on with larger checks in the $5 million to $15 million range. In total, the firm has now surpassed $100 million raised since inception.
Fund I is designed to pair conviction and fast decision-making with direct founder support, distinguishing Tandem from more traditional capital providers.
Leadership
The firm is led by co-founder and Managing Partner Alex Bean, who previously co-founded Divvy, acquired by Bill.com for $2.6 billion. Bean brings unicorn founder experience and credibility to the team. He is joined by co-founder McKay Dunn and Managing Partner Jimmer Fredette, who leads Tandem’s revenue acceleration initiatives. Together, they combine operating experience, investor know-how, and a deep network of mentors and LPs.
Investment Strategy
Tandem pursues a hybrid model, combining fund investments with co-investments via SPVs, enabling it to support companies from idea stage through later growth rounds.
The firm’s strategy is to go beyond capital by actively driving revenue for its portfolio, leveraging a dedicated team to deliver customer introductions, partnerships, and commercial wins.
Tandem also mobilizes its “Stable,” a network of experienced founders and operators, to provide mentorship and operational guidance across the portfolio.
Notable Investments
Since 2022, Tandem has made 28 investments across early-stage technology companies. Portfolio highlights include Enzo Health, whose CEO publicly credited Tandem’s revenue acceleration team with generating nearly $4 million in ARR over six months, underscoring the firm’s role as an active growth partner.
Notable Exits
As a young firm, Tandem Ventures has not yet reported notable exits.
Other
Tandem stands out for its strong focus on Utah’s startup ecosystem while maintaining a broad outlook on global B2B SaaS opportunities. Its commitment to helping founders secure revenue traction sets it apart in a crowded market of early-stage investors.
