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.

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.

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.

Teamworthy Group is structured as a private investment firm that manages capital from external limited partners, including family offices, endowments, and institutional investors. The firm is not a single-family office — it operates as an SEC-registered investment adviser. Fund structures and specific LP identities are not publicly disclosed as a matter of firm policy.

Publicly confirmed portfolio companies include Planet Labs (NYSE: PL), the satellite imaging and earth-analytics company that went public via SPAC in 2021, and Allbirds (NASDAQ: BIRD), the sustainable footwear brand that IPO'd the same year. The broader portfolio includes enterprise software and AI companies that the firm has not publicly disclosed, consistent with its low-profile operating style.

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.

No. Teamworthy Group is an independent investment firm with no parent entity or affiliated family office. Co-founder Graham Duncan co-founded the firm after leaving East Rock Capital, a multi-family office, but Teamworthy has no structural or ownership link to East Rock. Evan Burfield's prior startups were independent ventures with no continuing relationship to Teamworthy's investment operations.