# Matchstick Ventures

Matchstick Ventures is a Venture Capital based in Minneapolis, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.matchstick.vc
- **LinkedIn:** https://www.linkedin.com/company/matchstickventures

## Regulatory record

- **CRD number:** 241794
- **SEC file number:** 802-121326
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/241794

## About

Matchstick Ventures is an early-stage technology investor focused on ambitious entrepreneurs between the coasts. They invest capital, time and resources at the pre-seed and seed stage and aim to act as a catalyst for founders, partners, and startup communities. They support early-stage technology companies in rapidly growing yet underserved startup ecosystems and put people first.

## Sectors

- Enterprise Software
- Consumer Technology

## Offices

- Boulder, CO, United States

## People

- Ryan Broshar — Co-Founder & Managing Partner
- Natty Zola — Co-Founder & Managing Partner

## Questions

### Who runs investment decisions at Matchstick Ventures?

Co-founders and managing partners Ryan Broshar and Natty Zola lead all investment decisions. Broshar built the Twin Cities startup ecosystem through Beta.MN and Twin Cities Startup Week, while Zola ran the Techstars Boulder accelerator after selling his company to AOL. Both are former founders who transitioned into institutional seed investing in 2015.

### How does Matchstick Ventures source proprietary deal flow?

Matchstick's sourcing advantage comes from the community-organizing infrastructure that co-founders Broshar and Zola built before the fund existed — Broshar co-founded Beta.MN and Twin Cities Startup Week, and Zola was the longtime managing director of Techstars Boulder. The firm's network of 400-plus operators, mentors, and corporate partners across Colorado, Minnesota, and the Techstars ecosystem feeds a steady stream of pre-institutional referrals.

### What geographic regions does Matchstick Ventures cover?

The firm invests exclusively in what it calls 'between the coasts' — specifically Colorado and the broader Rockies region, plus Minnesota and the broader North region. It also leverages its deep ties to the Techstars network, which extends its reach without diluting its regional focus.

### Does Matchstick Ventures participate in follow-on rounds?

Yes. Matchstick reserves significant capital from each fund to reinvest in existing portfolio companies as they scale. The firm also connects founders to top-tier national co-investors for later-stage rounds, drawing on relationships built across more than a decade in the startup ecosystem.

## Related profiles

- [Match Grade Advisors](https://altss.com/profile/match-grade-advisors)
- [Mätch VC](https://altss.com/profile/m-tch-vc)

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Last updated: 2026-08-11T15:07:26.757Z

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