Private EquityRIA · CRD 289766Exempt Reporting AdviserPrivate Fund Adviser

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Teamworthy Group

Teamworthy Ventures invests in great teams and strives to be worthy partners. The firm lists select portfolio companies including Toast, Ibotta, SeatGeek,...

Teamworthy Group logo

Teamworthy Group

Teamworthy Ventures invests in great teams and strives to be worthy partners. The firm lists select portfolio companies including Toast, Ibotta, SeatGeek, Carta, and OpenGov, and maintains offices in New York, NY and Nashville, TN.

General information

Firm type

Private Equity

Year founded

2012

Location

Region

North America

Country

United States

City

Nashville

Corporate office

Greenwich, CT, United States

Additional offices

New York, NY

Principals

Evan T. Burfield

Co-Founder & Partner

Graham D. Duncan

Co-Founder & Partner

Sector focus

Enterprise SoftwareFinTechDigital HealthAI/MLMobility & TransportationIndustrial Tech

Frequently asked questions

Who makes investment decisions at Teamworthy Group?

Investment decisions are made by the firm's two co-founders: Evan Burfield and Graham Duncan. Both are involved in sourcing, diligence, and portfolio management. The firm is deliberately structured without a large investment committee, allowing rapid decision-making when the partners reach conviction on a founder and opportunity. Day-to-day deal execution is supported by a small investment team based in New York and Greenwich.

What is Teamworthy Group's investment strategy?

Teamworthy invests in early-stage and growth-stage technology companies, with a primary focus on enterprise software, AI/ML, fintech, digital health, industrial technology, and mobility. The firm makes both direct equity investments and select co-investments alongside other venture funds. Teamworthy also operates a venture debt strategy, which provides non-dilutive capital to portfolio companies during bridging rounds. The firm is known for concentrated position sizing rather than a broad spray-and-pray approach.

What is Teamworthy's thesis on founder assessment?

Co-founder Graham Duncan has publicly articulated a thesis that founder 'psychic complexity' — the cognitive and emotional range a founder can access — is the strongest leading indicator of startup success. Teamworthy operationalizes this through extended, multi-hour founder interviews that probe for resilience, self-awareness, and adaptive capacity. This is not a personality test but a structured evaluation framework the firm believes gives it an analytical edge in pre-traction diligence.

How does Teamworthy Group source its deals?

The firm sources opportunities primarily through its co-founders' networks in the New York and Silicon Valley venture ecosystems, reinforced by Graham Duncan's deep relationships in the institutional allocator community through his prior roles at East Rock Capital. Teamworthy does not operate a content-marketing or outbound cold-sourcing engine; its deal flow is relationship-driven and often comes through founder referrals and co-investor introductions.

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