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§ Venture Capital · NC, USA
Early-stage venture capital firm investing in B2B software for business services, healthcare, education, and financial services.
Cofounders Capital is an early-stage venture capital firm based in Cary, North Carolina, that invests in seed-stage B2B software companies primarily throughout the Southeast United States. The firm targets emerging startups operating within the business services, healthcare, education, and financial services sectors, while recently expanding its focus toward slightly more mature revenue-stage companies. The organization generates returns by taking equity stakes in its portfolio companies and currently manages three closed investment vehicles alongside one active fund. The firm's third investment vehicle closed at $50 million in March 2023, and a fourth fund subsequently opened for fundraising in January 2026. Its active investment portfolio features various enterprise software and technology startups, including recognizable names such as EasyVote, Slope Software, Element451, and Pattern Health. Cofounders Capital was established in 2015 by founders David Gardner and Tim McLoughlin.
Key people at Cofounders Capital.
Cofounders Capital was founded in 2015 by David Gardner (Founder, Investor, General Partner).
Cofounders Capital was founded in 2015 by David Gardner (Founder, Investor, General Partner).
Key people at Cofounders Capital.
Cofounders Capital has more than 26 tracked investments across 20 companies. The latest tracked deal is $9.7M Series B in Cycle Labs in December 2025.
Cofounders Capital is a venture capital firm specializing in seed-stage investments in B2B software startups, primarily focused on the Southeastern United States, with a strong emphasis on North Carolina. Their mission centers on partnering with visionary founders to fuel growth and build innovative companies by providing not only capital but also hands-on support in fundraising, hiring, and sales. The firm invests in early-stage companies ranging from idea or patent stage to early revenue, typically writing checks between $300K and $1M. Cofounders Capital has built a reputation as one of the most active investors in North Carolina, supporting over 40 companies and facilitating significant follow-on funding and exits, thereby playing a critical role in nurturing the regional startup ecosystem[1][2][3][4].
Founded in 2015 and based in Cary, North Carolina, Cofounders Capital was established by a team of former entrepreneurs and operators, including Founding Partner David Gardner and Managing Partner Tim McLoughlin. The firm evolved with a clear focus on the Southeast’s burgeoning tech scene, particularly in B2B software, mobile, and enterprise SaaS sectors. Over time, Cofounders Capital has expanded its funds, currently investing out of its third fund with a target size of $50 million. This growth reflects their commitment to supporting seed-stage startups with both capital and operational expertise, helping founders overcome early-stage challenges and scale their ventures[2][4][6].
Cofounders Capital rides the wave of increasing startup activity in the Southeast, a region gaining prominence as a tech hub due to lower costs, growing talent pools, and supportive local ecosystems. Their focus on B2B software aligns with broader market trends emphasizing enterprise SaaS and mobile solutions, sectors that continue to attract significant investment and innovation. By concentrating on seed-stage companies, Cofounders Capital fills a critical funding gap in the region, enabling early-stage ventures to develop and scale. Their active involvement and network-building efforts contribute to strengthening the Southeast’s startup ecosystem, making it more competitive nationally and globally[1][2][4].
Looking ahead, Cofounders Capital is well-positioned to continue its leadership in seed-stage B2B software investing in the Southeast. With a nearly $50 million fund currently active, the firm is likely to deepen its impact by backing more startups and expanding its portfolio. Trends such as digital transformation in enterprises, increased adoption of SaaS, and regional economic growth will shape their investment opportunities. As the Southeast tech scene matures, Cofounders Capital’s role as a hands-on investor and ecosystem builder will likely grow, potentially influencing broader venture capital dynamics beyond their geographic focus. Their continued success will depend on maintaining their founder-centric approach and adapting to evolving market needs[3][4][5].
