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Tuesday Capital

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A United States venture-capital firm formerly known as CrunchFund.

Last updated August 24, 2026

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Overview

Tuesday Capital is a United States venture-capital firm that was established in 2011 under the name CrunchFund. The firm was founded by Michael Arrington, the technology entrepreneur and founder of TechCrunch, together with M. G. Siegler and Patrick Gallagher. Its creation connected a well-known technology-media network with early-stage investment activity in internet and technology companies. The firm’s original identity was closely associated with Arrington and the TechCrunch ecosystem, although CrunchFund was an investment business rather than a media operation. Its role was to provide venture financing to startups, particularly companies operating in internet, software, digital commerce, and other technology-oriented markets. Publicly available material describes the organization primarily through its founders and portfolio activity rather than through a broad consumer-facing product range. CrunchFund was associated with investments in technology startups and online businesses. One publicly documented portfolio example is Bluefly, an online retailer. Reference material also connects the investment with Melissa Payner, who returned to the company as chief executive after the investment. The available record contains conflicting chronology around the investment and Bluefly’s later acquisition, so the transaction is not assigned a definitive date here. The organization is represented in the authoritative Wikipedia subject as Tuesday Capital, while CrunchFund is the principal name supplied for this dossier. The available sources do not establish a current headquarters, present investment assets, current fund size, active portfolio count, or whether the firm continues to operate under the same structure. Those details therefore remain unconfirmed. Tuesday Capital should be understood as a private venture-capital organization rather than a listed financial institution or a retail financial-services brand.

History

Tuesday Capital began in 2011 as CrunchFund, a venture-capital firm founded by Michael Arrington, M. G. Siegler, and Patrick Gallagher. Arrington brought a background in technology entrepreneurship and media: he had founded TechCrunch and had previously worked with internet companies including Achex, which was acquired by First Data, as well as other startup ventures. His public profile gave the new investment firm an unusually visible connection to the technology-startup community. The firm’s formation came during a period when prominent technology founders, operators, journalists, and angel investors were increasingly creating dedicated investment vehicles. CrunchFund’s identity was therefore based on access to startup networks and early-stage technology opportunities rather than on conventional banking, brokerage, or consumer financial products. Its activities were described as venture-capital investment in internet and technology businesses. The available historical record identifies Bluefly as one of the organization’s portfolio companies. Bluefly was an online retailer, and the reference material states that CrunchFund invested in the company and that Melissa Payner returned as chief executive in connection with the investment. The same material gives a chronology that conflicts with the reported timing of Bluefly’s later acquisition, so the exact sequence and dates of those events require further verification. The investment nevertheless illustrates the firm’s willingness to participate in digitally oriented commerce businesses as well as software startups. The authoritative Wikipedia subject is Tuesday Capital, indicating that the organization’s later or canonical identity differs from the original CrunchFund name used in the supplied dossier. Public references do not provide enough reliable information to establish the precise date or mechanics of the name change, its current partners, assets under management, fund vehicles, or present operating status. No verified information in the supplied materials establishes a current office location, listed status, public-market ticker, or parent company. The organization is consequently documented as a private venture-capital firm with an uncertain current status.

  • 2011

    CrunchFund is founded

    [1]

    Michael Arrington, M. G. Siegler, and Patrick Gallagher establish CrunchFund as a venture-capital firm focused on technology and internet startups.

Products and positioning

A founder-led venture-capital platform focused on technology and internet startups.

  • Financial services · 2011

    Venture capital investments

    The firm’s principal offering is investment capital for privately held startups and growth companies. Public references associate its activity with internet, software, technology, and digitally enabled commerce businesses. Unlike a consumer brand, it does not appear to market standardized financial products to the general public; its work is conducted through private investment relationships and portfolio-company support.

  • Portfolio investment

    Bluefly investment

    Bluefly was an online retail company identified in reference material as a CrunchFund portfolio investment. The investment was associated with the return of Melissa Payner as Bluefly’s chief executive. The supplied source does not provide sufficient consistent information to confirm the investment amount or establish a definitive transaction date.

Recent events

  • 2011

    Michael Arrington co-founds CrunchFund[1]

    Other

    Michael Arrington founded the venture-capital firm CrunchFund with M. G. Siegler and Patrick Gallagher.

  • CrunchFund invests in Bluefly[1]

    Other

    Reference material identifies Bluefly, an online retailer, as a CrunchFund investment and links the transaction with Melissa Payner’s return as chief executive.

Sources2 sources

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