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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
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
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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