Matchstick Ventures Fund III: More Fuel For The Fire
Today we are excited to announce the closing of Matchstick Ventures Fund III. It is a $55 million fund supporting pre-seed and seed stage software companies in the rapidly growing, yet underserved startup ecosystems of the North and the Rockies regions of the US. We're excited to continue our mission of helping more startups strike! Please click here to read our full announcement.
Branch Raises $48M from Lee Fixel's Addition
Branch, which has built a flexible workforce payments platform, has announced that it has raised $48 million in Series B funding and closed on a $500 million credit facility. We're thrilled to be a part of their journey, along with Lee Fixel's Addition, Drive Capital, Crosscut Ventures, Bonfire Ventures, and HR Tech Investments LLC.
We’re Hiring a Head of Network!
We are hiring for a Head of Network who will be responsible for organizing, promoting, and facilitating connectivity within our network — including founders, mentors, investors, talent and other members of our ecosystems. This relationship-driven role will create more dynamic networks and programs at Matchstick to enhance our ability to learn from and connect with each other. This role requires defining the network strategy, forming meaningful connections across our network, and translating these initiatives into a platform that further supports our founders, partners, and communities.
Sound like something you or someone you know would like to tackle? If so, check out our Head of Network Job Posting.
Parallax raises Series A funding
We're excited to share that Parallax has raised a Series A funding round led by Grotech Ventures. Parallax is currently ahead of a plan to triple their 2020 sales revenue, which was just over $1M. These additional resources will help the company with hiring software engineers and data scientists to keep up with demand in the market by implementing key integrations faster.
Wire and Hire - 1 Year Later
A year ago we made specific commitments to the Black community to drive change. Today we are reporting on what we’ve done over the past year. We made progress on our goals (see below) but more importantly expanded our world view, gained more empathy and built new relationships. We recognize this isn’t just a one year journey and we’re committed to continuing to do this work, being allies and helping fight racism, injustice and underrepresentation in our community.
Airspace Link raises $10 Series A from Altos Ventures
We're excited to share the news about Airspace Link's Series A. We're even more excited to work with Altos Ventures. The new capital will help Airspace expand its domestic offering and expand overseas.
Landline: a review of United’s brand-new bus service between Denver and Breckenridge from The Points Guy
Zach Griff of "The Points Guy" conducts an in-depth review of the flight and Landline bus service United offers travelers visiting Breckenridge, CO. His conclusion? "There’s no question about it. If you’re looking for the most seamless transit experience to Breckenridge (or Fort Collins), taking the one-stop United bus service is the way to go."
Our Investment in Treet
We are excited to announce that Matchstick Ventures Fund II has completed an investment in Treet. Treet is a software platform that powers peer-to-peer resale for e-commerce brands.
How Melanie Fellay From Spekit Is Upending The Way You Work
Melanie Fellay, cofounder and CEO of Spekit, shares in a Crunchbase Q&A about the insight that led to her founding Spekit, her experiences in raising funding as a female entrepreneur, and the importance of corporate values and mission in driving Spekit’s continued success.
Welcoming Nicki Miller as Operations Lead to Matchstick Ventures
We're thrilled to formally announce that Nicki Miller has joined the Matchstick team as an Operations Lead. Nicki has been working with us since March 2020 in various roles and has already added incredible value to the ongoing operations of our firm.
Nicki is an Army veteran who served as a logistics officer in the Army for six years. She'll bring those skills to the firm and keep the trains running on time internally while also working closely with portfolio companies and prospective portfolio companies to ensure we're as organized and responsive as possible.
Our Investment in Showplace
We are excited to announce that Matchstick Ventures Fund II has completed an investment in Showplace. Showplace is building a modern product sampling and commerce marketplace through short-term rentals.
soona raises Series A from Union Square Ventures
We're excited to share that soona has raised a $10.2M Series A led by Rebecca Kaden at Union Square Ventures. Rebecca wrote an incredible summary of the soona opportunity. soona grew 400% last year as more and more brands look for fast, casual content. We're constantly amazing by Liz, Hayley and the whole soona team. These additional resources will help the company scale technology, marketing and staff to keep up with demand.
Our investment in Milk Moovement
We are excited to announce that Matchstick Ventures Fund II has completed an investment in Milk Moovement. Milk Moovement’s proprietary software tracks all milk shipments from producers to processing plants and delivers real-time quality and quantity information to producers, processors, transporters, and cooperatives.
To learn more about Milk Moovement, check out our write up via the link below.
Welcoming Aaron Clark as Advisor to Matchstick Ventures
We're excited to announce that Aaron Clark has joined as an Advisor to our firm. Last summer, we committed to building an inclusive entrepreneurial community, with access for all—particularly for those in the Black community. One of the specific commitments we made was to add a Black advisor to our fund’s advisory board, who can work closely with us to fill the gaps in our own understanding of the unique problems and opportunities facing the non-white population. Learn more about Aaron and Matchstick on our blog.