Tandem Capital, a Burlingame, CA-based mobile acceleration fund co-founded by Sunil Bhargava and Doug Renert, announced its $100m third investment fund.
Tandem Fund III will continue to work with founding teams from around the world as they discover product-market fit and position themselves to become large, disruptive industry leaders. Tandem staff operate like an extended launch team, allowing founders to raise their next round of funding within six months.
In addition to mobile startups, the 6-month program will include startups working on Internet of Things and connected devices.
Startups accepted into Tandem will receive a $200k initial investment (in exchange for a convertible note and purchases 10% of thier common equity).
To be a part of the next batch of Tandem, companies should apply here before January 19, 2015.