INSUBCONTINENT EXCLUSIVE:
supersized seed round and an uncharacteristically high valuation.The months-old business, which is developing communication software for
remote teams after pivoting from crypto, is raising a $7.5 million seed financing at a valuation north of $30 million, sources tell
Airbnb investor Andreessen Horowitz is leading the round.Tandem and a16z declined to comment for this story
The round has yet to close, which means the deal size is subject to change
Y Combinator startups raise capital using SAFE agreements, or simple agreements for future equity, which allow investors to buy shares in a
One firm even gifted the founders a tandem bike, sources tell TechCrunch, resorting to amusing measures to sway the Tandem team
video-chatting and messaging capabilities, as well as integrations with top enterprise tools including Notion, GitHub and Trello
The service launched one month ago and has signed contracts with Airbnb, Dropbox and others
during his pitch to investors on day two of Y Combinator Demo Days this week
before joining Yakit, a startup seeking to simplify ecommerce delivery, as the director of product
investors Tuesday afternoon
Startups that participate in YC are often flooded with offers from VCs throughout the three-month program
to fresh-from-YC companies amid heightened competition amongst their peers.The previous YC batch, which wrapped up in March, included
ZeroDown, Overview.AI and Catch, a trio of companies that pocketed venture capital ahead of demo day
ZeroDown, a financing solution for real estate purchases in the Bay Area, raised upwards of $10 million at a $75 million valuation before
demo day, sources told TechCrunch at the time (months after demo day, Zero Down announced a whopping $30 million financing)
Some even forwent the demo day pitch altogether
