Today we are excited to announce the closing of Matchstick Ventures Fund II. It is a $30 million fund supporting early-stage software companies in rapidly growing, yet underserved startup ecosystems. For us, this includes the North, the Rockies, and companies across the Techstars ecosystem. We are incredibly humbled that Foundry Group continues to support us alongside local institutions, family offices and many of the most successful entrepreneurs we know. Please click here to read our full announcement.
Matchstick Ventures portfolio company ScaleFactor raises $60M Series C to empower small- and mid-size businesses by streamlining and automating back-office tasks. From bookkeeping to payroll, ScaleFactor provides a built-in cadence to business operations, giving owners access to tools and insights previously only available to enterprise companies. Congrats to Kurt and team!
Matchstick Ventures portfolio company Ordermark raises $18M Series B to help restaurants adapt and thrive in the mobile delivery era. We're lucky to be early investors in Ordermark, who we met through the Techstars Boulder program. Congrats to Alex and team!
Matchstick Ventures portfolio company AdHawk expands into the flooring vertical. Congrats to Todd, Dan and the entire team!
The Candor Clause is an open-source legal disclosure for inclusion in fundraising documents to foster conversations between founders and investors about gender equality. The disclosure requires all parties to disclose if any of the investors, members of their fund or their representatives have ever been accused of sexual assault, sexual harassment or sexually-inappropriate behavior.
Matchstick Ventures portfolio company Upsie raises $5M Series A to wage war on the old warranty, with more reasonable pricing (typically 70% lower than what the retailer offers) and a much more modern approach to selling and managing the warranty. Congrats to Clarence and team!