Tandem strengthens its global presence with Habit Fund III
Focussing on disruptive mobile products and platforms, Mobile Accelerator Tandem has announced the launch of its latest fund, Tandem Habit Fund III, along with its latest portfolio of start-ups, including India-based Shoptimize, and AcceptPay and PacketZoom, which are based in the US.
As the third fund from Tandem, the Habit Fund will concentrate on habit-forming businesses – those which have the potential to become an integral part of people’s daily lives. It will also allow Tandem to bring its unique approach, called “muscle capital”, to an increased number of early-stage start-ups. Muscle capital delivers a combination of cash and strategic/operating support from seasoned company builders to Tandem company founders from the very beginning, substantially increasing the odds of success for Tandem’s portfolio companies.
Rohit Bhagat, Tandem Partner & Managing General Partner of the Habit Fund, said, We are very excited to launch Tandem Habit Fund III. It allows us to scale Tandem’s proven muscle capital approach and track record, and takes the model global, particularly focussing on regions that are rich in talent but lack a valley like ecosystem.
Responding to widespread demand from entrepreneurs across the globe, Tandem has begun to scale globally. Adding to its base in Silicon Valley, it recently opened an office in Bangalore, India. As Tandem continues to grow its team and operations, it will be working with more international companies with the intent to bring many of these to Silicon Valley.
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