About Cofounders Capital
Cofounders Capital is a venture capital firm founded in 2015. It is primarily based out of Cary, United States. As of Aug 2024, Cofounders Capital is an active investor, having invested in 40 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and FinTech. Most recently it led the $2M Seed round of TEDU along with Greenwood & Cavalier.
Overall, Cofounders Capital portfolio has seen 7 acquisitions including key companies like Feedtrail, EmployUs and Myxx. A lot of funds co-invest with Cofounders Capital, with names like IDEA Fund Partners sharing a substantial percentage of its portfolio.
Cofounders Capital has team of 34 people including 3 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Deals in last 12 months
Cofounders Capital's List of Top Investments
Cofounders Capital has a portfolio of 40 companies. Their most notable investments are in Biospatial and PETE Learning.Their portfolio spans across United States and Finland. They have invested in Enterprise Applications, Retail, FinTechÌý²¹²Ô»å 16 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 2 more. Here is the list of top investments by Cofounders Capital:1. Element451
Cloud based admission software and CRM platform for educational institutions. It allows the optimization of admissions marketing and enrollment management. It includes solutions for analytics, automation, email and SMS marketing, online applications, visits programs, messaging, lead generation, and more. New York University, Manhattan College, Sofia University, and Cornell Tech are some of its clients.
Key facts about Element451
- Founded Year: 2017
- Location: Raleigh (United States)
- Stage: Series B
- Total Funding till date: $185M
- Investors: Cultivation Capital, PSG and 2 Others
- Latest Funding Round: Series B, Dec 06, 2024, $175M
- Highlight: Editors' Pick
Provider of behavior modification programs for healthy lifestyle. The company's flagship platform, HealthStar, collects personal information and based on the data, maps motivational features to achieve health goals including fitness, medication adherence, diet, and activity among others. In addition, the company also offers HeartStar - for managing blood pressure and GlucoStar - for monitoring blood glucose.
Key facts about Pattern Health
- Founded Year: 2012
- Location: Durham (United States)
- Stage: Series A
- Total Funding till date: $5.05M
- Investors: Cofounders Capital, The Launch Place and 2 Others
- Latest Funding Round: Series A, Sep 22, 2022, $3.3M
3.
Platform offering location-based audience data management solution. It creates and targets mobile audience segments. It targets users based on demographics, behaviors, interests, political affiliation, and voting districts. It includes ad campaign measurement solutions that track ad campaign performance.
Key facts about Reveal Mobile
- Founded Year: 2015
- Location: Raleigh (United States)
- Stage: Series A
- Total Funding till date: $10.1M
- Employee Count: 34 as on Dec 31, 2022
- Investors: River Cities Capital, Bull City Venture Partners and
- Latest Funding Round: Series A, Jun 18, 2024, $321K
- Highlight: Editors' Pick
4. Feedtrail
Feedback management platform for healthcare professionals. The platform allows the patients to give feedback via its proprietary FeedtrailTABS, which uses Near Field Communication (NFC) technology, QR-Codes, and webpage integration. The given feedback can be accessed through its cloud-based dashboard by professionals.
Key facts about Feedtrail
- Founded Year: 2015
- Location: Espoo (Finland)
- Stage: Acquired
- Total Funding till date: $2.58M
- Investors: Early Light Ventures, FCA Venture Partners and 6 Others
- Latest Funding Round: Seed, Apr 27, 2021
- Highlight: Acquired
5.
POS-based equipment financing platform. It is a lending-as-as-service platform for manufacturers and distributors to sell or buy equipment on monthly installment payments. Its features include quoting tools, financing plug-ins for websites, email or text-based financing links, and financing QR codes.
Key facts about APPROVE
- Founded Year: 2014
- Location: Wilmington (United States)
- Annual Revenue: €336K as on Dec 31, 2022
- Stage: Series A
- Total Funding till date: $3M
- Investors: , VentureSouth and
- Latest Funding Round: Series A, Jun 01, 2023, $3M
- Highlight: Editors' Pick
Cofounders Capital's Year-on-Year Investment Trends
Cofounders Capital has invested in 40 companies over the last 10 years, with an average of 3 new investments annually in the last 10 years. In 2024, it made 2 investments. Its most recent first time investment was in TEDU and most recent follow-on round was in Certificial.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 4 | 1 | 5 |
2022 | 1 | 3 | 4 |
2021 | 3 | 6 | 9 |
2020 | 2 | 0 | 2 |
2019 | 4 | 1 | 5 |
2018 | 4 | 1 | 5 |
2017 | 3 | 1 | 4 |
2016 | 4 | 2 | 6 |

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Cofounders Capital's Investments by Stage
Cofounders Capital has made 22 investments in Seed stage with an average round size of $1.39M, 8 investments in Series A stage with an average round size of $3.38M, 1 investment in Series B stage with an average round size of $6.5M and 1 investment in Unattributed stage with an average round size of $400K.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 22 |
Series A | 8 |
Series B | 1 |
Unattributed | 1 |
Cofounders Capital's Investments by Sector
Cofounders Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, HealthTech, Consumer and FinTech. Notably, it has invested in 37 Tech companies, 31 Enterprise (B2B) companies, 22 Software companies and at least 20 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 26 |
Vertical SaaS | 12 |
HealthTech | 8 |
Consumer | 6 |
FinTech | 6 |
Others | 38 |
Cofounders Capital's Investments by Geography
Cofounders Capital has made most investments in United States (31), followed by Finland where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 31 |
Finland | 1 |
Cofounders Capital's recent investments
Here are the most recent investments by Cofounders Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Aug 08, 2024 | United States | Seed | $2M | ||
Apr 08, 2024 | United States | Seed | $2M | - | |
Aug 24, 2023 | United States | Seed | $3.5M | Markd [+3] | |
Aug 01, 2023 | United States | Seed | $6.89M | Las Olas [+5] | |
Jul 12, 2023 | United States | Series B | $15.2M | [+4] |
Acquired companies in Cofounders Capital's Portfolio
Here are Cofounders Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Jan 09, 2025 | Jan 15, 2018 | Seed | $375K | |
Oct 04, 2022 | Oct 19, 2016 | Seed | $400K | |
Jul 13, 2021 | Aug 20, 2015 | Seed | $750K | |
Mar 29, 2021 | - | - | - | |
Nov 12, 2020 | Oct 18, 2015 | Seed | $350K |
Team profile of Cofounders Capital
Cofounders Capital has a team of 34 membersÌý¾±²Ô³¦±ô³Ü»å¾±²Ô²µ 3 Partners, 1 Venture Partner and 28 Principals located in United States. Cofounders Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Cofounders Capital:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Durham | - | - | |
Partner | Cary | - | - | |
Partner | Raleigh | - | ||
Venture Partner | Chapel Hill | - | ||
Principal | Raleigh | - | ||
Principal | Raleigh | - | - | |
Principal | Los Gatos | - | ||
Principal | Raleigh | - | - | |
Principal | Chapel Hill | - | - | |
Principal | Morrisville | - | - | |
Principal | Chapel Hill | - |
Co-investors of Cofounders Capital
Over the past 10 years, 89 investors have co-invested in Cofounders Capital's portfolio companies.
- Invested before Cofounders Capital:ÌýThe Launch Place, Azure Capital Partners and 18 others have invested in rounds before Cofounders Capital. There are 2 companies where The Launch Place has invested before Cofounders Capital and 1 company where Azure Capital Partners has invested before Cofounders Capital.
- Top Co-investors of Cofounders Capital:Ìý30 investors entered a company along with Cofounders Capital. These include investors like IDEA Fund Partners (3 companies).
- Invested after Cofounders Capital:ÌýA total of 39 investors have invested in Cofounders Capital's portfolio after their investments. Top Investors include Cultivation Capital (2 companies), Tweener Fund (2 companies) and SaaS Ventures (2 companies).

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Recent News related to Cofounders Capital
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WRAL TechWire•Aug 30, 2023•Cofounders Capital
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