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Tandem Expansion

Founders Brent Belzberg Charles Sirois

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 17
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 12
Rounds per year 1.13
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 5
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Software
  • Information Technology
  • Enterprise Software
  • SaaS
  • Cloud Infrastructure
Summary

Tandem Expansion is the famous VC, which was founded in 2009. The company was established in North America in Canada. The main office of represented VC is situated in the Montru00e9al.

The current fund was established by Brent Belzberg, Charles Sirois.

The fund is constantly included in less than 2 investment rounds annually. Speaking about the real fund results, this VC is 38 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2012. The usual things for fund are deals in the range of 10 - 50 millions dollars. This Tandem Expansion works on 12 percentage points less the average amount of lead investments comparing to the other organizations. The increased amount of exits for fund were in 2017.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Tandem Expansion, startups are often financed by BDC Venture Capital, Propulsion Ventures, Fonds de solidaritu00e9 FTQ. The meaningful sponsors for the fund in investment in the same round are Fonds de solidaritu00e9 FTQ, BDC Venture Capital, iNovia Capital. In the next rounds fund is usually obtained by Investissement Quebec, Fonds de solidaritu00e9 FTQ, Wellington Financial.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the most popular portfolio startups of the fund, we may highlight Blueprint Software Systems, Beyond the Rack, Acquisio. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. Among the most popular fund investment industries, there are Renewable Energy, Software.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Beyond the Rack

E-Commerce
Fashion
Internet
Shopping
$25M26 Nov 2013 Montreal, Quebec, Canada

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$18M10 Dec 2012 Canada, Quebec

Densify

Cloud Infrastructure
Computer
Infrastructure
Predictive Analytics
Software
$15M27 Mar 2012 Canada, Ontario

Beyond the Rack

E-Commerce
Fashion
Internet
Shopping
$36M09 Nov 2011 Montreal, Quebec, Canada

Acquisio

Advertising Platforms
Local Business
Marketing Automation
$9M14 Jul 2011 Canada, Quebec, Canada

Storage Appliance Corporation

Consumer
Enterprise Software
Information Technology
Software
$15M17 Aug 2010 Canakkale

Solace

Cloud Infrastructure
Communication Hardware
Hardware
Information Technology
SaaS
Software
05 Dec 2006 Canada, Ontario

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Total investments 17
Average round size 15M
Rounds per year 1.13
Peak activity year 2012
Lead investments 7
Follow on index 0.29
Exits 5
Group Appearance index 0.76

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Beyond the Rack

E-Commerce
Fashion
Internet
Shopping
$25M26 Nov 2013 Montreal, Quebec, Canada

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$18M10 Dec 2012 Canada, Quebec

Densify

Cloud Infrastructure
Computer
Infrastructure
Predictive Analytics
Software
$15M27 Mar 2012 Canada, Ontario

Beyond the Rack

E-Commerce
Fashion
Internet
Shopping
$36M09 Nov 2011 Montreal, Quebec, Canada

Acquisio

Advertising Platforms
Local Business
Marketing Automation
$9M14 Jul 2011 Canada, Quebec, Canada

Storage Appliance Corporation

Consumer
Enterprise Software
Information Technology
Software
$15M17 Aug 2010 Canakkale

Solace

Cloud Infrastructure
Communication Hardware
Hardware
Information Technology
SaaS
Software
05 Dec 2006 Canada, Ontario
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