Triangle Tweener Fund
Triangle Tweener Fund, now NC Tweener Fund Powered by NC IDEA, is a Durham-based rolling venture capital fund deploying index-style investments of ~$50,000 across 10-15 early-stage North Carolina technology companies per quarter. The fund serves accredited investors seeking diversified exposure to the NC startup ecosystem and supports founders on its proprietary NC Tweener List.
- Company typePrivate
- Founded2022
- HeadquartersDurham, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Triangle Tweener Fund does
Triangle Tweener Fund, now rebranded as NC Tweener Fund, Powered by NC IDEA, is a rolling venture capital fund founded in 2022 by serial entrepreneur Scot Wingo in Durham, North Carolina. The fund pursues an index-style investment strategy that deploys capital across a broad set of early-stage North Carolina-headquartered technology companies rather than concentrating bets on individual winners. It primarily targets companies on the NC Tweener List—a curated cohort tracked since 2015 that now encompasses 559 companies generating $1M+ in annual revenue or employing 10+ people, with graduation thresholds of $80M in revenue and 500 employees. The fund makes 10-15 investments per quarter at an average check size of approximately $50,000 (range $25,000–$150,000), building a portfolio that exceeds 170 companies across 205+ lifetime deals with $10M+ in cumulative deployed capital.
The fund's product stack includes the NC Tweener Fund itself (the investment vehicle), the proprietary NC Tweener List database, and ecosystem properties including the Tweener Times newsletter, Tweener Talks podcast hosted by Scot Wingo, the annual Tweener Madness competition offering a $25,000 investment prize, and the NC Tweener Awards during Raleigh-Durham Startup Week. All fund administration, LP onboarding, and capital calls are handled through the AngelList Rolling Fund Platform, which provides self-service subscription infrastructure. Investment decisions are directed by General Partners Scot Wingo and Robbie Allen, supported by a five-person team covering operations, design, and analytics.
The fund's revenue model is built on minimal management fees plus a 20% carried interest on profits above the threshold, with AngelList charging an additional 0.15% platform fee. Limited partners are accredited investors—predominantly local entrepreneurs and executives—who subscribe with a minimum quarterly commitment of $7,500 and a minimum four-quarter initial investment of $30,000. In February 2026, NC IDEA Foundation became the anchor investor with a $4 million, five-year LP commitment, enabling the fund to expand from the Triangle region to statewide North Carolina coverage under the new NC Tweener Fund brand. As of April 2026, the fund reports 170+ portfolio companies, 12 exits, and ongoing quarterly deployment.
Triangle Tweener Fund firmographics
Firmographics- Name
- Triangle Tweener Fund
- Legal name
- NC Tweener Fund
- Website
- https://tweenerfund.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Triangle Tweener Fund, now NC Tweener Fund Powered by NC IDEA, is a Durham-based rolling venture capital fund deploying index-style investments of ~$50,000 across 10-15 early-stage North Carolina technology companies per quarter. The fund serves accredited investors seeking diversified exposure to the NC startup ecosystem and supports founders on its proprietary NC Tweener List.
- Ownership category
- akta.pro rank
Triangle Tweener Fund industry classification
Industry- Product category
- Venture Capital / Early-Stage Investment Fund
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Impact Investment & Development Investment Funds (BPADACAO)
- akta.pro secondary industry
- SDG / Thematic Sustainable Investment Funds (FSANAJAN)
Keywords
Where Triangle Tweener Fund is headquartered
LocationHeadquarters
- HQ city
- Durham
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Triangle Tweener Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Portfolio company equity returns: The fund invests in early-stage startup equity (common stock, preferred shares via VC-led rounds, SAFEs, and convertible notes). Returns are generated when portfolio companies are acquired or go public. The fund takes a 20% carried interest on profits above the threshold, with AngelList charging a 0.15% platform fee and $1 management fee.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Rolling Fund LP subscription - $7,500 per quarter, minimum 4 quarters ($30,000 total) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Triangle Tweener Fund product offering
Product offeringCore offering
Triangle Tweener Fund (now NC Tweener Fund, Powered by NC IDEA) is a rolling venture capital fund that invests in early-stage North Carolina technology companies using an index-style strategy. The fund makes 10-15 investments per quarter at average check sizes of approximately $50,000, targeting companies on the NC Tweener List that generate $1M+ annual revenue or employ 10+ people. The fund is administered through AngelList's Rolling Fund Platform and is open to accredited investors with a minimum quarterly commitment of $7,500.
Product overview
The NC Tweener Fund (formerly Triangle Tweener Fund) is a rolling venture capital fund that operates as an index-style investment vehicle for North Carolina-based early-stage technology companies. The fund invests in companies on the NC Tweener List—startups generating $1M+ annual revenue or employing 10+ people—by making 15+ investments per quarter at approximately $50,000 average check size. The broader ecosystem includes the NC Tweener List itself (a curated database of 550+ qualifying companies), the Tweener Times newsletter (a weekly Substack publication for entrepreneurs), the Tweener Talks podcast, and the annual Tweener Madness competition. All fund administration is handled through the AngelList Rolling Fund Platform, which provides the investment infrastructure rather than a proprietary product offering.
Differentiator
Problem solved
Functional benefit
Products and services
- NC Tweener Fund (Rolling Fund LP Subscription) A rolling venture capital fund targeting accredited investors (entrepreneurs, executives, operators) seeking diversified exposure to early-stage North Carolina tech companies. Subscribes via AngelList with $7,500 quarterly minimum and $30,000 initial four-quarter commitment; charges 20% carried interest and minimal management fees.
- NC Tweener List A curated public index of over 559 high-growth North Carolina startups qualifying for the Tweener cohort ($1M+ annual revenue or 10+ employees). Used as the deal-sourcing pipeline for the NC Tweener Fund, with companies graduating upon reaching $80M revenue and 500 employees.
Quantifiable outcome
- Low early-stage failure rate among Tweener cohort companies
- +2 more outcomes
Companies that use Triangle Tweener Fund
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
Triangle Tweener Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Triangle Tweener Fund partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- AngelListcoreThe NC Tweener Fund is administered and managed through the AngelList Rolling Fund Platform, providing the self-service, cloud-based infrastructure for LP subscriptions, investor management, and fund administration.
- BalentineminorBalentine is a Gold sponsor of the NC Tweener Fund. Balentine is a boutique wealth management firm focused on serving entrepreneurs, business owners, and their families.
- EisnerAmperminorEisnerAmper is a Gold sponsor of the fund. It is among the nation's largest full-service advisory and accounting firms.
- Robinson BradshawminorRobinson Bradshaw is a Gold sponsor of the fund. The firm specializes in legal and strategic business needs for startup and emerging growth companies.
- Automated Consulting GroupminorAutomated Consulting Group is a Silver sponsor of the fund. The company provides hands-on AI workshops, fractional AI leadership, and deployment-ready AI solutions.
- Bank of AmericaminorBank of America is a Silver sponsor of the fund, offering services beneficial for entrepreneurs and startups in the RTP area.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Triangle Tweener Fund competitors and assessment
Company assessmentDirect peers
- Fundrise: Operates index-style alternative investment funds accessible to retail investors with low minimums. Shares NC Tweener Fund's core thesis that an index/diversified approach lowers risk for LPs while providing professional asset selection.
- Wefunder: Operates rolling venture funds and curated investment vehicles for retail and accredited investors. Comparable to NC Tweener Fund's rolling fund structure on AngelList with similar accessibility and diversification objectives.
- MicroVentures: A rolling-fund-style venture platform offering accredited investors low-minimum access to curated startup portfolios. Mirrors NC Tweener Fund's model of providing diversified exposure to early-stage companies without single-deal selection risk.
- Republic: Operates retail-accessible rolling venture and startup investment funds similar in structure to NC Tweener Fund. Republic's rolling funds on its platform target a comparable low-minimum, continuously-open LP model and invest in early-stage companies.
Others
- Carta: Venture infrastructure platform providing cap table management, fund administration, and LP tools. Comparable to the role AngelList plays for NC Tweener Fund, with overlapping investor/portfolio infrastructure for emerging managers.
Regional players
- Revolution's Rise of the Rest: A Steve Case-backed venture fund focused on startups outside traditional tech hubs. Comparable to NC Tweener Fund's mission of investing in geographically-specific (non-Silicon Valley) early-stage companies, though operating at a national rather than single-state level.
- Atlanta Ventures: A regionally-focused VC fund and ecosystem platform investing in early-stage Atlanta companies. Mirrors NC Tweener Fund's model of concentrating capital within a specific U.S. metro/state and building an ecosystem brand around the investment vehicle.
Broad incumbents
- Flybridge: An early-stage venture firm with a long history of investing alongside regional and emerging managers. Provides a comparable model of community-driven, network-oriented VC investing that NC Tweener Fund emulates at the NC-state level.
- AngelList: The platform on which NC Tweener Fund operates its rolling fund structure. AngelList is the dominant infrastructure for rolling venture funds and provides the LP subscription, fund administration, and compliance backbone that the NC Tweener Fund relies on directly.
Emerging players
- Indie.vc (by Earnest Ventures): An alternative venture model funding early-stage companies with non-traditional structures. Conceptually adjacent to NC Tweener Fund in targeting underserved early-stage companies outside mainstream VC ecosystems.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Triangle Tweener Fund social profiles
Digital presenceTriangle Tweener Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Triangle Tweener Fund leadership team
Management profileNumber of profiles
Profiles5 records
Triangle Tweener Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Triangle Tweener Fund M&A and investment
M&A and investmentM&A
Investments261 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Triangle Tweener Fund
What does Triangle Tweener Fund do?
Triangle Tweener Fund (now NC Tweener Fund, Powered by NC IDEA) is a rolling venture capital fund that invests in early-stage North Carolina technology companies using an index-style strategy. The fund makes 10-15 investments per quarter at average check sizes of approximately $50,000, targeting companies on the NC Tweener List that generate $1M+ annual revenue or employ 10+ people. The fund is administered through AngelList's Rolling Fund Platform and is open to accredited investors with a minimum quarterly commitment of $7,500.
Is Triangle Tweener Fund a public or private company?
Triangle Tweener Fund is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Triangle Tweener Fund founded?
Triangle Tweener Fund was founded in 2022. It employs 1 to 10 people.
Where is Triangle Tweener Fund based?
Triangle Tweener Fund is headquartered in Durham, United States, in the North America region.
How does Triangle Tweener Fund make money?
One revenue line is on record: portfolio company equity returns.
Who are Triangle Tweener Fund's main competitors?
Direct peers on record are Fundrise, Wefunder, MicroVentures and Republic. Carta is listed as an others. Regional players are Revolution's Rise of the Rest and Atlanta Ventures. Broad incumbents are Flybridge and AngelList. Indie.vc (by Earnest Ventures) is listed as an emerging player.
Does Triangle Tweener Fund have an API?
No public API is recorded for Triangle Tweener Fund.
What industry is Triangle Tweener Fund in?
Triangle Tweener Fund's product category is Venture Capital / Early-Stage Investment Fund. Its primary akta.pro industry code is BPADACAO, Impact Investment & Development Investment Funds, with a secondary code of FSANAJAN, SDG / Thematic Sustainable Investment Funds. Its NAICS code is 523940 and its SIC code is 6282.