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Passthrough
Automates investor onboarding
- 21-100 employees
- B2B
- Investing
- Automation
- Midtown Manhattan, New York, NY
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Company mission
To power investor identity information for the entire alternative investment ecosystem
29% employee growth in 12 months
Our take
Venture capital is essential for startups as they develop their products, and a huge amount of work goes into attracting investors. Less well-known is the vast amount of work involved in onboarding investor funds – days or weeks of manual paperwork before a deal can close.
Passthrough exists to remove this friction with an investor onboarding automation platform. Using workflows like familiar products such as TurboTax it can reduce the processing of subscription documents to 20 minutes for a new investor, or 2 for a returning one. With no real competition in this space other than the ubiquitous Excel spreadsheet, it has developed a customer base of over 500 funds including hustle fund, LKCM and G Squared.
The company’s help with onboarding investors has clearly been appreciated, as the company has had to onboard a significant amount of its own investors following a substantial 2023 raise. Funding will go towards scaling its operations, doubling its headcount, and building out its product’s integrations with other platforms. Going forward it seems likely that Passthrough will grow to be an essential part of every startup’s toolkit.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 100% individual coverage for dental insurance
- 100% individual coverage for medical insurance
- 100% individual coverage for vision insurance
- 401k contribution program with matching
- Annual health & wellbeing stipend
- Employee options
- Life insurance
- One Medical & Talkspace memberships
- PTO & paid holidays
- Parental leave
- Unlimited sick days
Funding (2 rounds)
Feb 2023
$10m
SERIES A
Feb 2022
$5m
EARLY VC
Total funding: $15m
This company has top investors
Leadership
Tim Flannery
(CEO)Was Head of Go-to-Market at Carta and Senior Advisor for Pilot Mountain Ventures
Alex Laplante
(CTO)Before previously a Software Engineer at Google, and Head of Engineering for eShares
Ben Doran
(COO)Was Account Executive with Carta and Associate at Interstate Equities Corporation