Spotlight on: Passthrough
Description
Developer of fund-closing software designed to seamlessly manage subscription document distribution, execution, and compliance. The company's software automates the subscription process for private funds and makes it easy to distribute subscription agreements to investors and have them executed electronically with real-time validation, extended document validation, and so on, enabling attorneys, general partners, and investors with a seamless workflow and fully executed subscription document.
Most Recent Financing Status (as of 23-Jan-2023)
The company raised $10.00 million of Series A venture funding in a deal led by Positive Sum on February 1, 2023, putting the company's pre-money valuation at $30 million. Company Ventures, Great Oaks Venture Capital, Motley Fool Ventures, and Broadhaven Capital Partners also participated in the round. The funds will be used toward product R&D, marketing, and scaling Passthrough's core offering.
CEO: Tim Flannery
HQ Location: New York, NY
Total Raised to Date: $15M
Post Valuation: $40M
Employees: 29
Growth Rate: 0.83% (94th Percentile)
Institutional Investors:
- Broadhaven Capital Partners
- Motley Fool Ventures
- Company Ventures
- Great Oaks Venture Capital
- Okta Ventures
To learn more about , visit their website or follow them on LinkedIn or Twitter.
Source: Pitchbook, February 2023
Published February 21, 2023.
