United States · Investor

Matchstick Ventures

Last cheque observed Sep 2026; 96 cheques on record.

Deploying nowNew fund $53M, Nov 2021VC firm

Pre-seedSeedSeries ASaaSSubscriptionSoftware

Deploying now
65%of best year13cheques in 12 months, 96 on record
Since the last cheque60days00hrs00min00sec
Median round$3.3MCheque size, as they say$250K – $1.0MRounds led2 of 96Sole investor7 roundsMostly inUnited States, 95%
Pitch Matchstick Ventures

Matchstick Ventures highlights

  1. 01

    13 cheques in the last 12 months

  2. 02

    Mostly Seed and Venture: 74% of its rounds

  3. 03

    Sole investor in 7 rounds, median $2.2M

What they do

Type
VC firm (from a list, unverified)
Cheque size
$250K – $1.0M as they say
Stages
Pre-seedSeedSeries A
Sectors
SaaSSubscriptionSoftware
Based in
Saint Paul, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first96 appearances

  1. 2026

    8 rounds

  2. Sept
    AltheaVenture · US$2.5MSole investor
  3. Sept
    KipsuGrowth · US$644KSole investor
  4. Jul
    Tab CommerceSeed · US$4.0MWith 3 others
  5. Jul
    InspectorioGrowth · US$50MWith 4 others
  6. May
    SailePre-seed · US · Crunchbase News$2.2MLed
  7. Apr
    Two BoxesVenture · US$3.2MWith 2 others
  8. Mar
    Great SkySeed · Ventureburn$14MSole investor
  9. Mar
    CometChatVenture · US$6.5MWith 2 others
  10. 2025

    19 rounds

  11. Dec
    TO THE MARKETVenture · USUndisclosedWith 3 others
  12. Dec
    Reema HealthSeries B · US · HC9 Ventures$19MWith 7 others
  13. Nov
    AltheaSeed · US$1.0MSole investor
  14. Nov
    JawaSeed · US$3.6MWith 2 others
  15. Nov
    LiminalVenture · US$12MWith 4 others
  16. Oct
    MentiumSeed · US · TechStartups$3.2MWith 5 others
  17. Oct
    SilklineSeed · US$4.0MWith 2 others
  18. Aug
    PrefixVenture · USUndisclosedWith 4 others
  19. Aug
    Zed IndustriesSeries B · US$32MWith 3 others
  20. Aug
    PageportSeed · US$3.3MWith 2 others
  21. Jul
    LandlineVenture · US$2.7MWith 4 others
  22. Jul
    PaperstackSeed · US$3.6MWith 4 others
  23. Jul
    IntelligemsUS$157KWith 1 other
  24. Jun
    JunoVenture · USUndisclosedWith 1 other
  25. May
    CastVenture · USUndisclosedSole investor
  26. Apr
    Maggie'sPre-seed · US$2.0MWith 2 others
  27. Apr
    BranchVenture · US$5.0MWith 5 others
  28. Jan
    Precog DataVenture · USUndisclosedWith 1 other
  29. Jan
    River HealthVenture · USUndisclosedWith 4 others
  30. 2024

    14 rounds

  31. Dec
    LaunchBaySeed$3.2MSole investor
  32. Nov
    AmbassadorDebt · US$4.5MWith 4 others
  33. Oct
    TO THE MARKETVenture · USUndisclosedWith 2 others
  34. Oct
    Milk MoovementDebt · CA$1.1MWith 3 others
  35. Sept
    FrateSeed · CA$2.6MWith 2 others
  36. Sept
    Tab CommerceSeed · US$2.5MWith 2 others
  37. Sept
    Two BoxesSeries A · US$5.3MWith 2 others
  38. Sept
    FreeplaySeed · US$5.6MWith 3 others
  39. Aug
    ALLCITY NetworkSeries B · US$12MWith 1 other
  40. Aug
    TiLTSeries B · US$15MWith 4 others
  41. Jul
    IntelligemsVenture · US$8.9MWith 1 other
  42. Jun
    After.comSeries A · US$10MWith 3 others
  43. May
    FulfilldSeed · US$2.5MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration2 named

NENathaniel Elsas ZolaManaging Director of the General PartneriFiling they signed
RLRyan Lee BrosharManaging Director of the General PartneriFiling they signed

We also hold 4 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$209Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Matchstick Ventures, LLC
SEC number
CRD 241794

What they claim to have backed

From their own portfolio page (on their website)

9 of 60 we have independently watched raise

Acquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downAcquired Shut downand 11 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Who they invest alongside

The investors most often in the same rounds as Matchstick Ventures. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Matchstick Ventures put money into.

Quick answers about Matchstick Ventures

What does Matchstick Ventures invest in?

Matchstick Ventures invests most often at Seed and Venture (74% of the rounds on record), in sectors such as SaaS, Subscription and Software.

How active is Matchstick Ventures?

96 investments on record, 13 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

What has Matchstick Ventures invested in recently?

Its most recent investments on record: Althea (Venture, Sept 2026), Kipsu (Growth, Sept 2026) and Tab Commerce (Seed, Jul 2026).

How big are Matchstick Ventures's cheques?

The median round it joins is $3.3M. It says it writes cheques of $250K to $1.0M.

Does Matchstick Ventures lead rounds?

Sometimes: it led 2 of its 96 investments on record (2%).

Where does Matchstick Ventures invest?

Most of the companies it backs are in the United States (95%) and Canada (5%).

Is Matchstick Ventures investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

Who does Matchstick Ventures invest alongside?

Most often Techstars (42 rounds together), Right Side Capital Management (11 rounds together) and Bonfire Ventures (5 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it