Triangle Tweener Fund

Today we announced our Q2 portfolio featuring 12 new additions (pictured) and deployed $804k. This brings our total since our 2022 inception to $7.4m. In the Quarter: o 8 SAFEs, 1 convert, 6 priced rounds o 11 Tweener, 4 pre-tweener o $4.4m average round size o $53,666 average investment o $21.6m average pre-money valuation Lots more details available on our website-> www.tweenerfund.com

Pitchbook's Q1 venture data is out and the Triangle Tweener Fund continues to represent and promote the Triangle's startup ecoystem not only regionally, but nationally: o #1 in the SE (by 2x) 💥 o #15 Most Active in the US 🤯 o #21 nationally in the Seed category 🌱 Thanks to our ~150 LPs for your support. In addition to these accolades, since 2022, we've made 144 investments in > 110 companies. The best part? We're just getting started! LFG Triangle! 🚀▲

Startup riddle: What seems insanely boring, but when you have an exit is the most important thing in your life? Two words: Cap Table (short for capital table) This pesky little XLS or carta db that most founders don't pay much attention to, drives the results of your exit. Smart Cap Table management is CRITICAL to founder returns at exit. Yet, we've found both investors and founders don't spend enough time thinking about it, we've partnered with our friends at VentureSouth to put on a workshop this week. Join us Wed May 15th 10-12 (details in image) and signup is here: https://lnkd.in/evzZ4jdV

Congrats to our friends Front Porch Venture Partners on closing their $20m second fund! This fund is 4x their first fund. Front Porch supports a mix of direct and LP investments in the SE and they have been huge supporters of Triangle co's as well. Congrats Joe Mancini, Nikin Shah and Greggory Bordes! VC in the SE is alive and 🚀

Today we are announcing our Q1 investment results. We invested over $940k into 18 companies, 8 were follow-ons and 10 new to the fund. Triangle Tweener Fund invests in Triangle HQ'd companies with a focus on companies over $1m ARR. We're always open for new accredited investors (LPs): Learn more: www.tweenerfund.com https://lnkd.in/eu5pN_74

Thinking of being an investor (LP) in The Triangle Tweener Fund? Robbie Allen and 🐧 Scot Wingo just posted an updated pitch video and deck on our website covering all the new thinking in the fund from 2023. You can watch the video on our homepage: https://lnkd.in/emFYd2TY (half way down there is an embedded video). Must be accredited investor, minimum commitment is 1yr - $20k (4 quarters of $5k each). Alternatively, you can view and download the pitch deck here-> https://lnkd.in/eWZARQRN Enjoy and let us know if you have any questions!

Exciting news Tweener Fund news! PitchBook released their 2023 global league tables and.....(drum roll please)....🥁🥁 Tweener Fund received two accolades: #1 MOST ACTIVE fund in the SE region in 2023 🎉 🚀 #25th most active angel/seed investor in the USA in 2023 🚅 🔥 The kicker? 2023 was only our second year as a fund! Thanks to our ~150 LPs for believing in this 'lets create an angel supported index of Triangle Tweeners' idea and supporting us. Also, thanks to our ~100 portfolio companies we've invested in over the last 2 years for letting Tweener Fund come along for the ride in your awesome Triangle HQd companies. This speaks to the strength of our region - by investing only in the Triangle we've been able to find more than enough great companies to rocket to the top of these charts and we want to do much much more. We're only getting started, stay tuned as we continue to scale up and promote how awesome the Triangle startup ecosystem is to the rest of the world. Note: Tweener Fund is always open to accredited new investors, details-> www.tweenerfund.com

More verification of what we already knew - The Triangle Startup Ecosystem is 🔥🚀

Today Tweener Fund is announcing our Q4 2023 new portfolio companies, 2023 resiults and life of fund results. WRAL has the highlights here-> https://lnkd.in/epiUGzJn Q4 2023 highlights: o 10 investments o Invested $500k o $50k average investment o 6 new companies o 3 existing companies o 6 Tweener / 4 pre-tweener o 4 SAFE / 3 Convert / 3 Priced round o Avg pre-money valuation: $11.6m (lowest we've seen) o Avg round size: $2.3m Q4 2023 was our slowest record in our 2yr existence. We had many deals break apart at the 11th hour and many pushed into 2024. It's clear that negative VC sentiment has now made it's way to the Triangle's early stage segment. For the 2023 complete year in review: o Tweener Fund made 59 investments (picture in comments of total 2023 portfolio!) o Invested $3m into Triangle HQ'd startups o Average investment of $50k o Average round size of $3.6m o Average valuation of $22.8m For Life of Fund: o Tweener Fund is now 2yrs old! o 114 Investments o $6m invested o $49,352 - avg investment o we now have 166 accredited investors, but always looking for more http://tweenerfund.com to learn more...

Check out Tweener Fund's Robbie Allen and 🐧 Scot Wingo comments about 2023 and 2024 VC investing in the Triangle along with a cavalcade of other local investors including: Joe Colopy 🦕, Jenn Summe, Tim McLaughlin, Lister Delgado Greggory Bordes, Josef (Joey) Barrick from IDEA Fund Partners, Cofounders Capital, Front Porch Venture Partners, SJF Ventures, ⚡️Primordial Ventures and Jurassic Capital 👀👇 https://lnkd.in/e6zjpwTG