TBD Angels

ActiveVenture Capital

Updated: Feb 17, 2026 ·

About

TBD Angels is a group of angel investors who are current operators at leading startups and executives at major companies. We provide critical advice and connections to jumpstart the companies we invest in.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2024	AceUp, Inc.	$23.0M Series A	—	Point Judith Capital, Summit Partners, Joe Caruso
Feb 1, 2024	Superform Labs	$7.0M Seed	—	Blackhorn Ventures, Circle Ventures, Hack VC, MATR Ventures, D’Arcy Coolican, Luis Cuende, Martin Varsavsky, Matias Woloski, Shayne Coplan, Stefan George
Jun 1, 2023	Outdid	$3.0M Seed	—	AirAngels, Andreessen Horowitz, Archetype, Audacity, Awesome People Ventures, Bankless Ventures, Battery Ventures, Chapter One Ventures, CoinFund, Divergence Ventures, Divergent Capital, Electric Ant, Electric Capital, Ethereal Ventures, Jenny Fielding, Scott Hartley, Far Out Ventures, Future Perfect Ventures, Ganas Ventures, Hack VC, Hashed, Iluminar Ventures, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Matterscale Ventures, Nascent, NFX, Not Boring Capital, Picus Capital, Redpoint eventures, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Urbanist Ventures, Version One Ventures, Ryan Zurrer, Weekend Fund, WPP Ventures, Xochi Ventures, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Biz Stone, Bo Shao, Brad Holden, Charlie Songhurst, Claire Diaz-Ortiz, David Nage, David Vélez, Dileep Thazhmon, Do Kwon, Eric Wu, Immad Akhund, Imran Khan, Jeff Morris, Jess Sloss, Loreanne Garcia, Luis Cuende, Martin Varsavsky, Matias Woloski, Mike Krieger, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Ricardo Weder, Scott Belsky, Sergio Fogel, Sergio Furio, Simon Borrero, Sina Habibi, Stani Kulechov, Stefan George, Stelleo Tolda, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward
Mar 1, 2022	Health Haven Rx	$330K Seed	—	Point Judith Capital, Summit Partners, Joe Caruso
Apr 1, 2021	Votive Health	$3.0M Seed	—	645 Ventures, Aphelion Capital, Avalon Ventures, Craft Ventures, Flare Capital Partners, Flexcap, General Catalyst, Insight Partners, LAUNCH, Lowercarbon Capital, OCA Ventures, Stata Venture Partners, Union Square Ventures, Dharmesh Shah, Ellie Wheeler, Nelson Chu
Mar 1, 2020	Brooklinen	$50.0M Series B	—	Point Judith Capital, Summit Partners, Joe Caruso
Nov 1, 2019	Digits	$11.0M Series A	—	01 Advisors, 11k Ventures, 20VC, 468 Capital, 8VC, 9Yards Capital, Kevin Hartz, Accomplice VC, ACME Capital, Adverb Ventures, Airtree Ventures, Altimeter Capital, Amity Ventures, Amplify.LA, Andreessen Horowitz, Chloe Sladden, Jana Messerschmidt, #ANGELS (Hashtag ANGELS), Atomico, Audrey Capital, Axiom Partners, Bain Capital Ventures, Ballistic Ventures, Bam Ventures, B Capital Group, Benchmark, Bessemer Venture Partners, Better Tomorrow Ventures, BITKRAFT Ventures, Boston Seed Capital, BoxGroup, Brewer Lane Ventures, Broadway Angels, C2 Investment, Canaan Partners, Cedar Capital Group, Coatue, Collaborative Seed & Growth Partners, Color Capital, Convective Capital, Conviction Partners, Coughdrop Capital, Craft Ventures, Crosscut Ventures, Crossover, CRV, Cubit Capital, Daft Capital, Dispersion Capital, DNX Ventures, Drive Capital, Drummond Road Capital, DST Global, E1 Ventures, eFounders, Electric Capital, Elefund, Ensemble VC, Entrada Ventures, FabFitFun, Felicis Ventures, Felix Capital, Fika Ventures, FirstMark Capital, First Round Capital, Flex Capital, Flybridge Capital Partners, Forerunner Ventures, Founder Collective, Founders Fund, FPV Fund, Fuel Capital, Fusion Fund, General Catalyst, Goat Capital, Good Growth Capital, Hanabi Capital, Highbury Group, Hyperplane, Index Ventures, Infinite Niches, Innovent Capital Group, Insight Partners, Inspired Capital, Invariantes Fund, IVP, Jetstream, Jigsaw VC, Juxtapose Capital, K9 Ventures, Kima Ventures, LGF, Laurence Jones, Locus Ventures, LombardStreet Ventures, Long Journey Ventures, Lux Capital, M13, MaC Venture Capital, Matrix, Menlo Ventures, MetaProp Ventures, Mindful Venture Capital, MissionOG, Monarch Collective, Moonshots Capital, Moxxie Ventures, MS&AD Ventures, Jeff Immelt, Vanessa Larco, New Stack Ventures, NewView Capital, NextGen Venture Partners, Next Play Ventures, OCA Ventures, Otherwise Fund, Oyster Ventures, Pareto Holdings, Pelion Venture Partners, Pillar VC, Pioneer Fund, Polaris Partners, Primary Venture Partners, Prime Movers Lab, Propeller VC, Quiet Capital, Rainfall Ventures, Redpoint Ventures, Sapphire Ventures, SciFi VC, Sequoia Capital, Sherpalo Ventures, Shine Capital, SignalFire, Sinai Ventures, Spero Ventures, StartHer, Susa Ventures, Techstars, The Hit Forge, Third Kind Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Trajectory Ventures, Transformation Capital, Tribe Capital, TSVC Capital, Union Square Ventures, Rick Lewis, Village Global, Vine Ventures LP, VitalStage Ventures, Willow Growth Partners LP, WndrCo LLC, Work-Bench, Y Combinator, YOBE Ventures, Aaron Levie, Adrian Aoun, Allen Gannett, Andre Iguodala, Armando Mann, Bradley Horowitz, Brian Corrigan, Charlie Cheever, Christian Reber, Dave Balter, David Cancel, David Chang, David Lieb, Drew Houston, Elad Gil, Emil Lee, Emmett Shear, Eric Wu, Errol Damelin, Gokul Rajaram, Grant Miller, Greg Brockman, Halle Tecco, Heather Fernandez, Jaime Schmidt, James Beshara, Jason Robins, J.D. Fagan, Jeffrey Lee, Jeff Seibert, Jennifer Lum, Joe Greenstein, Joe White, John Kobs, Jonathan Swanson, Jon Brelig, Joshua Reeves, Joshua Schachter, Joshua Webster, Julia Hartz, Kevin Lin, Kevin Weil, Kyle Vogt, Louis Beryl, Marissa Mayer, Mark Cuban, Matt Macinnis, Merlin Kauffman, Michael Ryan Dubin, Mike Vernal, Moisey Uretsky, Natasha Ahmed, Paul Holland, Ric Fulop, Robin Klein, Rob May, Russell Cook, Ryan Shea, Sahin Boydas, Sam Altman, Scott Banister, Scott Belsky, Shervin Pishevar, Stewart Butterfield, Suhail Doshi, Susan Kimberlin, Thibaud Elziere, Thomas Tull, Tikhon Bernstam, Todd Corenson, Tom Blomfield, Tom McInerney, Tom Williams, Trevor Blackwell, Vivek Garipalli, Vivek Patel, Warren Shaeffer, Wayne Chang, Zachary Hargreaves
Apr 1, 2019	DynamiCare Health	$4.0M Seed	—	Collaborative Seed & Growth Partners, General Catalyst, Hyperplane Venture Capital, Sandbox Industries
Mar 1, 2019	AceUp, Inc.	$650K Seed	—	645 Ventures, Boston Seed Capital, FJ Labs, Fusion Fund, Good Growth Capital, Left Lane Capital, Summit Partners, Teamworthy Ventures, Dave Balter, David Chang, Jinesh Patel, Joshua Schachter, Maria Thomas, Todd Arky, Troy Billett, Wayne Chang
Jul 1, 2016	Kindara	$1.0M Seed	—	Boston Seed Capital, Fusion Fund, Good Growth Capital, David Chang, Joshua Schachter, Wayne Chang
Mar 1, 2016	GreatHorn	$2.0M Seed	—	Amasia, Andreessen Horowitz, Collaborative Seed & Growth Partners, FJ Labs, Foundry Group, Fuse, General Catalyst, Hyperplane Venture Capital, Red Tree Venture Capital, RRE Ventures, Sandbox Industries, Uncork Capital, Xfund, Anna Patterson, Evan Cheng, Patrick S. Chung
Aug 1, 2015	Kindara	$5.0M Seed	—	Boston Seed Capital, Fusion Fund, Good Growth Capital, Race Capital, Staenberg Venture Partners, Unlock Venture Partners, David Chang, Joshua Schachter, Wayne Chang
Jun 1, 2015	Superpedestrian	$21.0M Series B	—	2xN, Bono, Collaborative Seed & Growth Partners, Cyberstarts VC, Founder Collective, Garden City Companies, General Catalyst, Hanabi Capital, Hyperplane Venture Capital, Kima Ventures, M13, Obvious Ventures, Sandbox Industries, Spark Capital, Square Peg Capital, True Ventures, Yes VC, Biz Stone, Bryan Meehan, Evan Williams, Mike Krieger, Tony Hawk
Apr 1, 2015	NS1	$5.0M Series A	—	Accel, Bain Capital Ventures, Balderton Capital, Boston Seed Capital, Flybridge Capital Partners, Founder Collective, Fusion Fund, Good Growth Capital, Tribeca Venture Partners, Bo Peabody, Dave Balter, David Chang, Joshua Schachter, Wayne Chang
Apr 1, 2015	Crayon	$2.0M Seed	—	468 Capital, 500 Global, 7percent Ventures, Accomplice VC, Anorak Ventures, AXA Strategic Ventures, Bling Capital, Boston Seed Capital, Brainchild, Canaan Partners, CP Ventures, CRV, E-Merge, Founder Collective, Fusion Fund, G20 Ventures, General Catalyst, Good Growth Capital, Harlem Capital, Heavybit, HighScale Ventures, Kain Capital, LAUNCH, NFX, Propeller VC, Revolution Growth, Sequoia Capital, Social Starts, Solana Ventures, Springdale Ventures, The General Partnership, Transmedia Capital, Tribeca Venture Partners, Unusual Ventures, Vinyl Capital, WGI Group, Dave Balter, David Chang, Dharmesh Shah, Jeff Seibert, Joshua Schachter, Kyle York, Mike Volpe, Rob May, Wayne Chang
Feb 1, 2015	Cuseum	$1.0M Seed	—	Accel, AngelList Syndicator, Boston Seed Capital, BoxGroup, Brainchild, CoinFund, Collaborative Seed & Growth Partners, Cota Capital, Equal Ventures, Factor Capital, Fifth Wall, FPV Fund, Fusion Fund, General Catalyst, Good Growth Capital, Goodwater Capital, M.G. Siegler, Hyperplane Venture Capital, Innospark Ventures, IVP, LearnLaunch Accelerator, LightShed Ventures, Long Journey Ventures, Matrix, Moonshots Capital, One Way Ventures, PS Investments, RRE Ventures, Sandbox Industries, Slow Ventures, Speedy Packets Inc., The Engine, ThirdLove, Trajectory Ventures, UpHonest Capital, Y Combinator, Jeff Seibert, Jeremy Yap, MG Siegler, Scott Banister, Scott Belsky, Tikhon Bernstam, Vikas Sabnani
Nov 1, 2014	Indico Data	$3.0M Seed	—	Avalon Ventures, Collaborative Seed & Growth Partners, General Catalyst, Hyperplane Venture Capital, LAUNCH, Lowercarbon Capital, OCA Ventures, Speedy Packets Inc., Union Square Ventures, Dharmesh Shah, Robert Oringer
Apr 1, 2014	Superpedestrian	$2.0M Series A	—	2xN, Bono, Collaborative Seed & Growth Partners, Cyberstarts VC, Founder Collective, Garden City Companies, General Catalyst, Hanabi Capital, Humbition, Hyperplane Venture Capital, M13, Obvious Ventures, Sandbox Industries, Spark Capital, Square Peg Capital, True Ventures, Yes VC, Biz Stone, Bryan Meehan, Evan Williams, Mike Krieger, Tony Hawk
May 1, 2013	Cloudant	$12.0M Series B	—	Avalon Ventures, BoxGroup, Cota Capital, Draper Associates, F-Prime Capital Partners, General Catalyst, Hearst Media fund, Idealab, LAUNCH, Lazerow Ventures, Lowercarbon Capital, OCA Ventures, Social Starts, Union Square Ventures, Dharmesh Shah
Oct 1, 2012	Selectable Media	$2.0M Series A	—	Avalon Ventures, General Catalyst, LAUNCH, Lowercarbon Capital, OCA Ventures, Union Square Ventures, Dharmesh Shah
Oct 1, 2012	Switchfly	$3.0M Series C	—	75 & Sunny, Accomplice VC, Canaan Partners, Founders Circle Capital, Merian Ventures, Meritech Capital Partners, National Grid Partners, Pritzker Group, Sapphire Ventures, StarVest Partners, Viola Ventures
Jul 1, 2012	Backupify	$9.0M Series C	—	Accomplice VC, ACME Capital, Avalon Ventures, Founders Circle Capital, General Catalyst, Meritech Capital Partners, RRE Ventures, StarVest Partners
Feb 1, 2012	Switchfly	$15.0M Series C	—	Accomplice VC, Canaan Partners, Founders Circle Capital, Merian Ventures, Meritech Capital Partners, National Grid Partners, Pritzker Group, Sapphire Ventures, StarVest Partners, Viola Ventures
Dec 1, 2011	Cloudant	$2.0M Venture Round	—	Avalon Ventures, BoxGroup, Cota Capital, Draper Associates, General Catalyst, Hearst Media fund, Idealab, LAUNCH, Lazerow Ventures, Lowercarbon Capital, OCA Ventures, Social Starts, Union Square Ventures, Dharmesh Shah
Sep 1, 2011	Backupify	$5.0M Series B	—	Accomplice VC, ACME Capital, Avalon Ventures, Founders Circle Capital, General Catalyst, Meritech Capital Partners, RRE Ventures, StarVest Partners

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at TBD Angels.

Leadership Team

Key people at TBD Angels.

Deep Dive

High-Level Overview

TBD Angels is an early-stage angel investing group founded in 2020, focused on providing capital, advice, and connections to startups. Their mission is to enable members—who are experienced operators and founders—to extract value through collaboration during deal flow and engagement with portfolio companies. They invest primarily in early-stage ventures across diverse sectors such as B2B SaaS, finance, EdTech, and more, without limiting themselves to a specific industry. Over three years, TBD Angels has reviewed 400-500 deals, invested about $10 million in 75 deals across 65 companies, typically investing between $75K and $250K per deal. Their impact on the startup ecosystem includes accelerating investment processes, increasing investor engagement, and fostering diversity through a tech-enabled, collaborative platform[1][2][5].

Origin Story

TBD Angels was founded in early 2020 by a group of current operators and executives from leading startups and major companies, including co-founder Jason Burke. The group was created to address inefficiencies in traditional angel investing, such as slow processes, high friction, minimal engagement, and lack of diversity. Recognizing these challenges, they built a tech platform to streamline deal flow and collaboration. This platform evolved into a standalone business called All Stage in 2022, expanding its adoption beyond TBD Angels to other investment groups and founders. The founders’ backgrounds as operators and founders who have faced startup challenges firsthand shape their hands-on, supportive approach to investing[1][5][6].

Core Differentiators

Unique Investment Model: Collaborative angel group leveraging collective expertise and soft commitments to efficiently allocate capital.
Network Strength: Over 300 investors from 30+ states and 6 countries, many with operator and founder experience.
Track Record: Approximately $10 million invested in 75 deals over three years, with a broad industry focus.
Operating Support: Active mentorship and guidance from experienced founders and executives, helping startups with fundraising, hiring, strategy, and scaling.
Technology-Enabled Process: Use of proprietary tech and third-party platforms (e.g., Sydecar) to reduce friction, speed up investments, and enhance investor engagement[1][2][5].

Role in the Broader Tech Landscape

TBD Angels rides the trend of democratizing and modernizing angel investing by combining experienced operators with technology to improve deal flow and decision-making. The timing is favorable due to increasing startup activity and the need for more efficient, diverse, and engaged angel networks. Market forces such as the rise of remote work and distributed teams also expand the geographic reach and diversity of investors and startups. By fostering collaboration and leveraging technology, TBD Angels influences the broader ecosystem by setting a new standard for angel investing groups, promoting faster, more inclusive, and more supportive early-stage funding environments[1][5].

Quick Take & Future Outlook

Looking ahead, TBD Angels is likely to continue expanding its membership and portfolio, leveraging its tech platform to scale investment operations and deepen engagement. The growth of All Stage as a standalone platform suggests a future where TBD Angels’ model could be adopted widely, further transforming angel investing. Trends such as increased startup formation, demand for diverse funding sources, and technology-driven investment processes will shape their journey. Their influence may evolve from a regional angel group to a key player in the national or global early-stage investment ecosystem, continuing to bridge the gap between operators and founders for mutual success[1][5][6].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Collaborative angel group leveraging collective expertise and soft commitments to efficiently allocate capital.
Network Strength: Over 300 investors from 30+ states and 6 countries, many with operator and founder experience.
Track Record: Approximately $10 million invested in 75 deals over three years, with a broad industry focus.
Operating Support: Active mentorship and guidance from experienced founders and executives, helping startups with fundraising, hiring, strategy, and scaling.
Technology-Enabled Process: Use of proprietary tech and third-party platforms (e.g., Sydecar) to reduce friction, speed up investments, and enhance investor engagement[1][2][5].