We make founders the heroes of the story.
Tundra Angels aims to be the investor you wish you had on your cap table.
Fundraising is excruciatingly difficult. Investors shouldn't make it harder.
Building a technology product, getting to market, and acquiring customers is enough by itself. But venture fundraising is a unique challenge, and many investors don't make it easy.
We don't believe that venture capitalists are an elite class. It's about founders, not us.
We designed an investment process that makes the founder the hero of the story. By bringing together a network of former founders and active operators, we help founders find asymmetric ways to win in the market.
Partner with Us
Built on Collective Success
A Network of 50+ Active Operatorsthe difference
We treat Founders the way
We treat Founders the way
we wanted to be treated
Because we've been in your shoes, every step or process is designed with the founder in mind. From clear deadlines for follow-ups, to a "no-ghosting rule," to the design of the pitch meeting experience, the entire process is how we wanted to be treated when we were in your founder shoes.
A Network of Active Operators
The not-so-secret ingredient of Tundra Angels is that nearly everyone in the group is an active or former operator of their own company. They take risks in their own business, and they channel that risk-taking into startup investing.Industry agnostic, Pre-Seed to Series B
We invest in high growth startups in any industry in the state of Wisconsin. We make investments from $100,000 to over half a million dollars depending on investor interest.The Investor Brand Founders Want on Their Cap Table
An investor once told us, "When Tundra Angels invests, it means something."Between our approach, our mindset, and our social and newsletter content engine, Tundra Angels is a firm that is writing a different story in startups and venture capital.
OUR PORTFOLIO COMPANIES
How we work with founders
01
Connect
Start a conversation with our manager, Matthew Kee. We don't have a screening committee, so there isn't any groupthink up front. Even if Tundra Angels is not the best fit for you, we will leave you with direct, tactical feedback that you can use.
02
Pitch
If we determine it's a fit, you'll be invited to pitch the entire Tundra Angels network at one of our quarterly in-person pitch meetings. We will do pitch coaching with you to ensure that you have the highest likelihood of being successful at the pitch.
03
Due Diligence
If there is enough interest at the pitch, then we enter our second phase of due diligence. This is when Tundra Angels members who are experts in your industry enter the conversation to bring value to the founders as well as help de-risk the investment decision for the investor network.
04
Investment
If due diligence looks clean, then we move the opportunity into commitment stage. Each member has the ability to invest or pass and we only make an investment if we garner more than $100,000 in interest. When we invest, we create an LLC so that is a single line on the startup's cap table.
From Our Founders
Tundra Angels has been an incredible partner for Lotza. Beyond the capital, the network and experience within the group has already opened doors and created opportunities that would have taken us years to access on our own. What really stands out is how invested the members are in helping founders succeed. It truly feels like having a team behind you!
Laura Markewicz
Founder & CEO, LotzaThere's no mystery working with the Tundra Angels. And Matthew is about the best "wear it on your sleeve" VC I've met. Always willing to help, spit ball, and be a sounding board.
Tracey Wiedmeyer
Co-Founder & CEO, GrippTundra Angels are a super group of investors who are always supportive, helpful, and smart in advice. It is great to have Tundra Angels on the Huupe journey!
Paul Anton
Co-Founder, HuupeTundra Angels have been exceptional partners from the very beginning. Beyond providing early capital, they bring thoughtful engagement, strategic insight, and a powerful network that helps founders accelerate critical milestones. What truly sets them apart is their genuine commitment to supporting entrepreneurs and building lasting companies.
Fariba Assadi-Porter
CEO, IsomarkI can say Tundra Angels was a true fundraising partner. They have high conviction and bridged investor introductions that meaningfully accelerated our round.
Ryan Wheeler
Co-Founder & CEO, CylerityTundra Angels stands out because they genuinely support the founders they invest in.
Danielle Hill
Co-Founder & COO, Upwardli"Tundra Angels is a founders-first investment group. They have a personal approach and willingness to maintain human connectivity throughout the startup journey. I cannot say enough about Tundra Angels and their value to startup companies like Pyran.
Kevin Barnett
CTO & Co-founder, PyranHaving spent over 25 years in startups, I’ve seen firsthand how rare it is to find investors who truly listen and ask the important questions. Tundra Angels team consistently leans in.
Jeff Moore
Strategic Startup Advisor, ConovateTundra Angels has been an amazing resource and investor of Octane Coffee. They are wonderful at networking and making connections for us.
Adrian Deasy
Founder & CEO, Octane CoffeeTundra Angels is incredibly easy to work with. The investment evaluation process is straightforward and quick with rapid decision making.
Sal Braico
Co-Founder & CEO, Pivotal HealthTundra Angels has always been a positive supporter for us at Midwest Games.
Ben Kvalo
Founder & CEO, Midwest GamesMatthew is passionate about the founders journey, and the intersection Of an emerging business with investor considerations. It has been a pleasure assessing Flamingo and crafting a relatable story positioning my business in an easy digestible narrative for investors. Working together, Tundra was able to invest in our Series A round, and we successfully fully subscribed our offering!
Brian Davis
Co-Founder & Co-CEO at Flamingo MarineTundra Angels has been a great partner to Holos. Matthew Kee’s energy is magnetic. He’s an amplifier and force multiplier who connects founders to a strong network and genuinely helps companies accelerate and grow.
Dan Borkhus
Co-Founder & CEO of HolosWorking with Tundra Angels was one of the smoother fundraising experiences I've had — from our initial pitch through closing, the process was straightforward and efficient. The group includes members with genuine depth in healthcare technology who were able to thoroughly evaluate our value proposition and bring their colleagues along with confidence. But what has truly set them apart is the support after closing — they've been very helpful in opening doors to VC funds and potential customers that have advanced our commercial growth.
Eric Horler
President and CEO at AIQ SolutionsWhen I have pitched to raise funds with Tundra or had feedback from participation on my board, there have been thoughtful and valuable questions and suggestions that make the collaboration between Tundra and COnovate worth much more than the sum of the parts. I also appreciate the approach to the quarterly reviews, Matthew's Podcast with valuable information to help develop strategy for getting customers, raising funds and everything it takes to build a company, and the ongoing strong support from the Tundra investment community.
Carol Hirschmugl, Ph.D.
Founder and CEO, COnovateShorten your startup's learning curve.
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I’ve been following your newsletter and it’s awesome! I recommend it all the time to entrepreneurs trying to understand the space.
Bethany LarsenProgram Manager at gener8tor
Great post this week.. they all are. You do a nice job!
Brian LindstromDigital health VC and operator | Partner at HealthX Ventures
Really poignant advice as always. Love your writing.
Danny PantusoInvestor at Mucker Capital
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