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Venture Capital
tandemcap.com

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Investments

87

Portfolio Exits

21

Funds

5

Service Providers

1

About Tandem Capital

Tandem Capital is a seed venture capital fund investing in stellar founding teams whose innovation extends beyond their products into how they acquire their customers, develop their distribution channels and build their overall brands. Its portfolio companies are disrupting such industries as construction and real estate, consumer packaged goods and electronics, entertainment and media, food and beverage, manufacturing, and transportation and logistics. These businesses originate from various locations around the world but often run global operations and always benefit from a strong connection with Silicon Valley and the greater San Francisco Bay Area.

Tandem Capital Headquarter Location

1450 Chapin Ave.

Burlingame, California, 94010,

United States

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Latest Tandem Capital News

Lambda School – Intensive Online Training with Payment After Getting Hired Raises $74M in Series C

Aug 26, 2020

Lambda School , a San Francisco based remote training startup founded in 2017 has raised $74M in Series C. The funding round was led by Gigafund in participation with Y Combinator, Tandem Capital, GGV Capital, Stripe and GV. Since its launch, Lambda School has always been able to generate interest in investors. Series A in 2018 ($14M), B in 2019 ($30M) and the current Series C in 2020 are good enough to prove that. After this latest funding, the total funding amount of Lambda School has now raised to $122.1M according to Crunchbase . Lambda School’s vision is quite revolutionary. Instead of making their students pay first, they enroll and train their students for 9 to 18 months without any upfront fees. After training, Lambda School also helps its students with interviews and job placement. Even after getting a job, if a student doesn’t earn $50,000 or more, Lambda School doesn’t get anything from the student. ISA (Income Sharing Agreement) based payments for Lambda School only start after their graduates start earning $50K or more. According to Lambda School, they want to bet on their students first instead of asking their students to bet on them. Only two courses: Full Stack Web and Data Science are being offered by Lambda School at the moment whose duration per course is 9 months for full time and 18 months for part timers. Currently there are about 3,000 students enrolled, all taking live (not on-demand) classes according to  timetables  programmed for different timezones. All the classes are set up on a specific personalised basis, with labs to extend your learning and “live” projects to put you in the middle of the kind of work that you would be expected to do with the skills your’re picking up. (It’s partly for this reason that Lambda doesn’t work like a typical  MOOC  and is more complicated to scale.) The money will specifically be used to continue expanding the range of what Lambda School offers, both in terms of content but potentially also in terms of developing its business model. Case in point: just  yesterday , the startup got approved by California’s Bureau for Private Postsecondary Education, after a prolonged period of difficulties with the bureau that saw Lambda  cease teaching  in the state and get fined. But part of the deal for approval involved Lambda no longer offering  Income Share Agreements  to students, for the moment at least. With ISAs a cornerstone of how the company presents its deferred-payment model,  Allred said  Lambda is still working on making ISAs available but is also looking at “student-friendly substitutes” in the interim. To be clear, getting approved by that board is not the same as accreditation: Lambda School doesn’t offer official degrees but certificates when students complete the courses. Currently there is no plan to get accreditation to offer degrees, Allred said. Please read full story at TechCrunch .

Tandem Capital Investments

87 Investments

Tandem Capital has made 87 investments. Their latest investment was in Lambda School as part of their Series C on August 8, 2020.

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Tandem Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/21/2020

Series C

Lambda School

$74.37M

No

7

4/20/2020

Series A

Shoptimize

$3.22M

No

1

2/21/2020

Series A

Boom.tv

$10M

No

4

12/20/2019

Series A

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$99M

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10

9/4/2019

Series B

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$99M

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10

Date

8/21/2020

4/20/2020

2/21/2020

12/20/2019

9/4/2019

Round

Series C

Series A

Series A

Series A

Series B

Company

Lambda School

Shoptimize

Boom.tv

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Amount

$74.37M

$3.22M

$10M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

7

1

4

10

10

Tandem Capital Portfolio Exits

21 Portfolio Exits

Tandem Capital has 21 portfolio exits. Their latest portfolio exit was NomNomNow on January 14, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/14/2022

Acquired

$99M

2

11/23/2021

Acquired

$99M

2

6/7/2021

Acquired

$99M

6

4/7/2020

Acquired

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10

3/4/2020

Acq - Talent

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10

Date

1/14/2022

11/23/2021

6/7/2021

4/7/2020

3/4/2020

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Talent

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

2

6

10

10

Tandem Capital Fund History

5 Fund Histories

Tandem Capital has 5 funds, including Tandem Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/16/2015

Tandem Fund III

Early-Stage Venture Capital

Closed

$100M

2

6/14/2012

Tandem Fund II

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$99M

10

12/31/2007

Tandem Fund I LP

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$99M

10

Tandem Parallel Fund III

$99M

10

Tandem Parallel Fund III

$99M

10

Closing Date

1/16/2015

6/14/2012

12/31/2007

Fund

Tandem Fund III

Tandem Fund II

Tandem Fund I LP

Tandem Parallel Fund III

Tandem Parallel Fund III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$100M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Tandem Capital Service Providers

1 Service Provider

Tandem Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Tandem Capital Team

2 Team Members

Tandem Capital has 2 team members, including current Founding Partner, Douglas Renert.

Name

Work History

Title

Status

Joyo Wijaya

Founder

Current

Douglas Renert

Founding Partner

Current

Name

Joyo Wijaya

Douglas Renert

Work History

Title

Founder

Founding Partner

Status

Current

Current

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