# Matchstick Ventures: portfolio, investments and team

> Matchstick Ventures is a vc firm based in United States. 96 investments on record, 13 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/matchstick-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Matchstick Ventures

Last cheque observed Sep 2026; 96 cheques on record.

Email

Deploying now New fund $53M, Nov 2021 VC firm

Pre-seed Seed Series A SaaS Subscription Software

Follow Matchstick Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmatchstick-ventures)

Deploying now

**65%** of best year **13** **cheques in 12 months**, 96 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$3.3M** Cheque size, as they say **$250K – $1.0M** Rounds led **2 of 96** Sole investor **7 rounds** Mostly in **United States, 95%**

Pitch Matchstick Ventures

## Matchstick Ventures highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Seed and Venture: 74% of its rounds
- 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-seed Seed Series A
- **Sectors:** SaaS Subscription Software
- **Based in:** Saint Paul, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **96 appearances**

- **2026** 8 rounds
- **Sept** **[Althea](https://millionrounds.com/company/althea)** Venture · US **$2.5M** Sole investor
- **Sept** **[Kipsu](https://millionrounds.com/company/kipsu)** Growth · US **$644K** Sole investor
- **Jul** **[Tab Commerce](https://millionrounds.com/company/tab-commerce)** Seed · US **$4.0M** With 3 others
- **Jul** **[Inspectorio](https://millionrounds.com/company/inspectorio)** Growth · US **$50M** With 4 others
- **May** **[Saile](https://millionrounds.com/company/saile)** Pre-seed · US · Crunchbase News **$2.2M** *Led*
- **Apr** **[Two Boxes](https://millionrounds.com/company/two-boxes)** Venture · US **$3.2M** With 2 others
- **Mar** **[Great Sky](https://millionrounds.com/company/great-sky)** Seed · Ventureburn **$14M** Sole investor
- **Mar** **[CometChat](https://millionrounds.com/company/cometchat)** Venture · US **$6.5M** With 2 others
- **2025** 19 rounds
- **Dec** **[TO THE MARKET](https://millionrounds.com/company/to-the-market)** Venture · US **Undisclosed** With 3 others
- **Dec** **[Reema Health](https://millionrounds.com/company/reema-health)** Series B · US · HC9 Ventures **$19M** With 7 others
- **Nov** **[Althea](https://millionrounds.com/company/althea)** Seed · US **$1.0M** Sole investor
- **Nov** **[Jawa](https://millionrounds.com/company/jawa)** Seed · US **$3.6M** With 2 others
- **Nov** **[Liminal](https://millionrounds.com/company/liminal)** Venture · US **$12M** With 4 others
- **Oct** **[Mentium](https://millionrounds.com/company/mentium)** Seed · US · TechStartups **$3.2M** With 5 others
- **Oct** **[Silkline](https://millionrounds.com/company/silkline)** Seed · US **$4.0M** With 2 others
- **Aug** **[Prefix](https://millionrounds.com/company/prefix)** Venture · US **Undisclosed** With 4 others
- **Aug** **[Zed Industries](https://millionrounds.com/company/zed-industries)** Series B · US **$32M** With 3 others
- **Aug** **[Pageport](https://millionrounds.com/company/pageport)** Seed · US **$3.3M** With 2 others
- **Jul** **[Landline](https://millionrounds.com/company/landline)** Venture · US **$2.7M** With 4 others
- **Jul** **[Paperstack](https://millionrounds.com/company/paperstack)** Seed · US **$3.6M** With 4 others
- **Jul** **[Intelligems](https://millionrounds.com/company/intelligems)** US **$157K** With 1 other
- **Jun** **[Juno](https://millionrounds.com/company/juno)** Venture · US **Undisclosed** With 1 other
- **May** **[Cast](https://millionrounds.com/company/cast)** Venture · US **Undisclosed** Sole investor
- **Apr** **[Maggie's](https://millionrounds.com/company/maggie-s)** Pre-seed · US **$2.0M** With 2 others
- **Apr** **[Branch](https://millionrounds.com/company/branch)** Venture · US **$5.0M** With 5 others
- **Jan** **[Precog Data](https://millionrounds.com/company/precog-data)** Venture · US **Undisclosed** With 1 other
- **Jan** **[River Health](https://millionrounds.com/company/river-health)** Venture · US **Undisclosed** With 4 others
- **2024** 14 rounds
- **Dec** **[LaunchBay](https://millionrounds.com/company/launchbay)** Seed **$3.2M** Sole investor
- **Nov** **[Ambassador](https://millionrounds.com/company/ambassador)** Debt · US **$4.5M** With 4 others
- **Oct** **[TO THE MARKET](https://millionrounds.com/company/to-the-market)** Venture · US **Undisclosed** With 2 others
- **Oct** **[Milk Moovement](https://millionrounds.com/company/milk-moovement)** Debt · CA **$1.1M** With 3 others
- **Sept** **[Frate](https://millionrounds.com/company/frate)** Seed · CA **$2.6M** With 2 others
- **Sept** **[Tab Commerce](https://millionrounds.com/company/tab-commerce)** Seed · US **$2.5M** With 2 others
- **Sept** **[Two Boxes](https://millionrounds.com/company/two-boxes)** Series A · US **$5.3M** With 2 others
- **Sept** **[Freeplay](https://millionrounds.com/company/freeplay)** Seed · US **$5.6M** With 3 others
- **Aug** **[ALLCITY Network](https://millionrounds.com/company/allcity-network)** Series B · US **$12M** With 1 other
- **Aug** **[TiLT](https://millionrounds.com/company/tilt)** Series B · US **$15M** With 4 others
- **Jul** **[Intelligems](https://millionrounds.com/company/intelligems)** Venture · US **$8.9M** With 1 other
- **Jun** **[After.com](https://millionrounds.com/company/after-com)** Series A · US **$10M** With 3 others
- **May** **[Fulfilld](https://millionrounds.com/company/fulfilld)** Seed · US **$2.5M** With 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 registration **2 named**

NE **Nathaniel Elsas Zola** Managing Director of the General Partner i Filing they signed

RL **Ryan Lee Broshar** Managing Director of the General Partner i Filing 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

**$209M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture 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 down](https://millionrounds.com/company/scalefactor)[Acquired Shut down](https://millionrounds.com/company/prefix)[Acquired Shut down](https://millionrounds.com/company/sheets-and-giggles)[Acquired Shut down](https://millionrounds.com/company/local-crate)[Acquired Shut down](https://millionrounds.com/company/apruve)[Acquired Shut down](https://millionrounds.com/company/maxwell-financial-labs)[Acquired Shut down](https://millionrounds.com/company/kidizen)[Acquired Shut down](https://millionrounds.com/company/meetmindful)[Acquired Shut down](https://millionrounds.com/company/upsie) Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down Acquired Shut down and 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.

New fund on file

**$53M**

raised in Nov 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$3.3M** the round, not its cheque Alone, median **$2.2M**

Led 2 of 96 rounds **2%**

- **Said size:** $250K – $1.0M
- **Sole investor:** 7 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *39*
- Venture *24*
- Series A said *10*
- Series B *7*
- Pre-seed said *5*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Techstars](https://millionrounds.com/fund/techstars) 42
- [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) 11
- [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) 5
- [Bread and Butter Ventures](https://millionrounds.com/fund/bread-and-butter-ventures) 5
- [High Alpha](https://millionrounds.com/fund/high-alpha) 5
- [Mucker Capital](https://millionrounds.com/fund/mucker-capital) 5

**Pitching Matchstick Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## 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.

[**Techstars** VC firm **42** rounds together](https://millionrounds.com/fund/techstars)[**Right Side Capital Management** VC firm **11** rounds together](https://millionrounds.com/fund/right-side-capital-management)[**Bonfire Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/bonfire-ventures)[**Bread and Butter Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/bread-and-butter-ventures)[**High Alpha** VC firm **5** rounds together](https://millionrounds.com/fund/high-alpha)[**Mucker Capital** VC firm **5** rounds together](https://millionrounds.com/fund/mucker-capital)[**Everywhere Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/everywhere-ventures)[**Foundry Group** VC firm **4** rounds together](https://millionrounds.com/fund/foundry)[**2048 Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/2048-ventures)[**M25** VC firm **3** rounds together](https://millionrounds.com/fund/m25)[**Next Frontier Capital** VC firm **3** rounds together](https://millionrounds.com/fund/next-frontier-capital)[**Origin Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/origin-ventures)

## Recently backed

The latest companies Matchstick Ventures put money into.

[**Althea** $2.5M · Sept 2026](https://millionrounds.com/company/althea)[**Kipsu** $644K · Sept 2026](https://millionrounds.com/company/kipsu)[**Tab Commerce** $4.0M · Jul 2026](https://millionrounds.com/company/tab-commerce)[**Inspectorio** $50M · Jul 2026](https://millionrounds.com/company/inspectorio)[**Saile** $2.2M · May 2026](https://millionrounds.com/company/saile)[**Two Boxes** $3.2M · Apr 2026](https://millionrounds.com/company/two-boxes)

## 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).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=matchstick-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=matchstick-ventures)