# Tandem funding: rounds and investors

> Tandem has raised $140M across 6 rounds since 2023. Investors include Accel, Antler and Goodwater Capital. Every round with its source.

Source: https://millionrounds.com/company/tandem (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Tandem*

6 rounds we have observed, with the 14 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech Healthtech Sports

Raised 9 months ago Y Combinator: S19

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Funding summary Updated 5 Nov 2026

**$140M** raised across 6 rounds since 2023, from 6 sources

**$25M** Venture **$100M** Series B

- **Latest round:** Series B, $100M Jan 2026
- **Led by:** Accel
- **Step-up i:** 20×
- **Investors:** 14 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025 2026

**$5.0M** Seed

**$25M** Venture

**$3.7M** Seed

**$1.1M** Crowdfunding

**$5.0M** Pre-seed

**$100M** Series B

- **First round:** Seed, $5.0M
- **Biggest round:** $100M
- **Usual gap between rounds:** 6 months

## The rounds

- **Jan 2026** Series B **$100M** *1 new* [Accel](https://millionrounds.com/fund/accel) Lead Reported by AlleyWatch SEC filing: $100K sold, first sale Mar 2026
- **May 2025** Pre-seed **$5.0M** *1 new* [Antler](https://millionrounds.com/fund/antler) Source recorded
- **May 2024** Crowdfunding **$1.1M** No investor was named in the report. Source recorded
- **Jan 2024** Seed **$3.7M** *5 new* [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) [Corazon Capital](https://millionrounds.com/fund/corazon-capital) [Michigan Rise](https://millionrounds.com/fund/michigan-rise) [Groove Capital](https://millionrounds.com/fund/groove-capital) Source recorded
- **Jul 2023** Venture **$25M** *5 new* [QED Investors](https://millionrounds.com/fund/qed-investors) [Headline](https://millionrounds.com/fund/headline) [Seedrs](https://millionrounds.com/fund/seedrs) [Ascension](https://millionrounds.com/fund/ascension) [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) Source recorded
- **Feb 2023** Seed **$5.0M** *2 new* [Drive Capital](https://millionrounds.com/fund/drive-capital) [SBXi Fund](https://millionrounds.com/fund/sbxi) Source recorded

## Founders and team

From Tandem's own website: 3 on the team.

- **David Wagonfeld** Partner
- **Doug Renert** Partner
- **Sunil Bhargava** Partner

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2023 **Venture** 2023 **Seed** 2024 **Crowdfunding** 2024 **Pre-seed** 2025 **Series B** 2026 [Accel](https://millionrounds.com/fund/accel) L [Antler](https://millionrounds.com/fund/antler) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [QED Investors](https://millionrounds.com/fund/qed-investors) [Headline](https://millionrounds.com/fund/headline) [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) [Seedrs](https://millionrounds.com/fund/seedrs) [Ascension](https://millionrounds.com/fund/ascension) [Drive Capital](https://millionrounds.com/fund/drive-capital) [Corazon Capital](https://millionrounds.com/fund/corazon-capital)

## Everyone who backed them

[Accel](https://millionrounds.com/fund/accel) VC firm **1** round, led 1

[Antler](https://millionrounds.com/fund/antler) VC firm **1** round

[Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) VC firm **1** round

[QED Investors](https://millionrounds.com/fund/qed-investors) VC firm **1** round

[Headline](https://millionrounds.com/fund/headline) VC firm **1** round

[Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) VC firm **1** round

[Seedrs](https://millionrounds.com/fund/seedrs) VC firm **1** round

[Ascension](https://millionrounds.com/fund/ascension) VC firm **1** round

[Drive Capital](https://millionrounds.com/fund/drive-capital) VC firm **1** round

[Corazon Capital](https://millionrounds.com/fund/corazon-capital) VC firm **1** round

[Michigan Rise](https://millionrounds.com/fund/michigan-rise) VC firm **1** round

[SBXi Fund](https://millionrounds.com/fund/sbxi) VC firm **1** round

[Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) VC firm **1** round

[Groove Capital](https://millionrounds.com/fund/groove-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=tandem).

## Also claim to have backed them

This firm lists Tandem as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Jayesh Parekh](https://millionrounds.com/fund/jayesh-parekh) Angel Per its own site

## Quick answers about Tandem

### Who invested in Tandem?

Tandem's investors include Accel, Antler, Goodwater Capital, QED Investors and Headline, and 9 more on record. Accel led its latest round.

### How much has Tandem raised?

Tandem has raised $140M across 6 rounds since 2023.

### When did Tandem last raise?

Tandem's most recent round was a Series B of $100M in Jan 2026, led by Accel.

### What was Tandem's biggest round?

Its most recent round, $100M in Jan 2026, is also its largest on record.

### Who backed Tandem first?

Tandem's first round on record, in Feb 2023, was backed by Drive Capital and SBXi Fund.

### What stage is Tandem at?

Tandem's latest named round is a Series B, in Jan 2026.

### Where is Tandem based?

Tandem is based in the United States.

### Who led Tandem's rounds?

Accel led the Series B in 2026.

## Companies like Tandem

In the same sector, and raised in the last eighteen months.

[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark)[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**Settle** $103M · Oct 2026](https://millionrounds.com/company/settle)[**Midstream Health** $27M · Oct 2026](https://millionrounds.com/company/midstream-health)[**Collective** $219M · Oct 2026](https://millionrounds.com/company/collective)[**SpendRule** $6.0M · Oct 2026](https://millionrounds.com/company/spendrule)

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