Business. The round also saw participation from existing investor Nexus Venture Partners, and Siemens-backed Next47. ", Pear VC's Mar Hershenson added, "As a former entrepreneur who now spends the majority of my hours working with them, the prospect of creating pools of tomorrow's business leaders is uniquely powerful. Listen now (34 min) | Hi all, Charlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. 6,651. Pando CEO Sarah Lacy has been running a daily tech news site for nearly six years. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. Co-founder Eric Lax added, "You will not see any venture capital firms touting a single investment as their portfolio strategy. Pando is backed by Core Innovation Capital, Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. SAN FRANCISCO, June 9, 2020 /PRNewswire/ -- Pando (303 Holdings, Inc.), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. 11-50. Series A. We connect individuals with similar expected earnings and provide tools for them to pool a fraction of their future income — delivering both risk mitigation and the ability to capture upside potential. The solution is called pooling. It’s Official: Pando Closes on a Series A with Tier A investors This week, we were delighted to announce that we have closed on $8 million+ in Series A funding. The platform helps different industries and sectors automate and optimise their freight management systems and connects them to logistics vendors and aggregators to help seamless transactions. Chennai logistics startup Pando raised the Series A funding in a round led by Chiratae Ventures, which also saw participation from Siemens-backed Next47 and existing investor Nexus Venture Partners. For those interested in what goes into building an emerging company, the Ambassador Program gives you the opportunity to experience working with a high-growth Series A startup and participate in Pando's journey. http://www.prnewswire.com/news-releases/pando-raises-8-million-in-series-a-funding-301072914.html, Children's Hospital Los Angeles Performs 400th Pediatric Liver Transplant, FCPT Announces Acquisition of a Circle K Property for $1.6 Million, Tobacco Alternative Gums Market 2020-2024 - Featuring Alchem International Pvt. SAN FRANCISCO, June 9, 2020 /PRNewswire/ -- Pando (303 Holdings, Inc.), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. E-mail Address. Pando Pooling's product idea is extremely innovative and one of those you wonder why no one had thought of decades ago. Chennai logistics startup Pando raised the Series A funding in a round led by Chiratae Ventures, which also saw participation from Siemens-backed Next47 and existing investor Nexus Venture Partners. Pando | 1,651 followers on LinkedIn | Success is a team sport | Pando has created a new financial tool for people in high volatility careers. The global VC firm has offices in Bengaluru, Beijing, London, Munich, Palo Alto, Tel Aviv, Stockholm, Munich, and London. By continuing to use our service, you agree to our use of cookies. Why should they alone limit themselves to their individual career earnings?". We also use them to … The product is built in a way to be intelligent, predictive and scalable thus helping companies control fragmented, multi-tiered logistics ecosystems from a single screen. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. Pando is an innovative new income pooling solution that allows people in high volatility careers to pool their career risk. Founded by Stanford University alums Eric Lax (CPO) and Charlie Olson (CEO), this company allows athletes to commit a … Angel investors like Ramkumar Narayan, VMWare India MSD, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in this round of funding. July 22, 2020 35 min. Pando is a technology company providing a platform to empower people in high volatility careers to control their future earnings. The round was led by Core … COUP 2. Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. We call our solution income pooling. – (Business Wire) – 303 Holdings, Inc., Pando (pandopooling.com), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. In hindsight it seems obvious to give high volatility careers a safety net, but the devil is in the details with contract terms and the determination of who is in the pools of risk vital for their success. www.pandopooling.com. Sandeep Singhal, MD and Co-Founder, Nexus Venture Partners, added, “Pando is competing with and winning against global giants in the enterprise freight management market by improving network visibility, ensuring higher SLA adherence, and reducing system level capital needs. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. Speaking of the funding, TC Meenakshisundaram, Founder MD, Chiratae Ventures, said: The Pando Enterprise suite is built to help enterprises of all sizes digitise, monitor, and optimise supply-chain operations. The solution is called pooling. Pando does always reinforce its commitment with his customers and with the environment, bringing in new high-efficient and low-consume features. Since inception, Pando has signed hundreds of professional athletes into income pools and has raised a Series A from top fintech investors. The round was led by Core Innovation Capital and included participation from Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. Since its founding, Pando has focused on serving professional athletes, specifically professional baseball players. Jul 22, 2020 Charlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. Networked logistics management software startup Pando has raised Rs 64 crore in a Series A funding round led by Chiratae Ventures. Pando has created a novel financial tool for those looking to control career risk. Pooling Upside in Baseball and Business with Pando 0. Pooling Upside in Baseball and Business with Pando. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. Currently targeting only entrepreneurs and professional baseball players, Pando Pooling ultimately wants to expand into other industries. StreetInsider.com Top Tickers, 6/9/2020. For certain groups of people, there are powerful community benefits too, as there is a motivation to see each other succeed. I can't think of another product that allows you to share in the upside of people you believe in, spread personal risk, and boost community support. Total pool distributions are distributed equally. Founded in 2017, Pando has the likes of Philips, Marico, and Britannia as its clients. The round was led by Core Innovation Capital and included participation from Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. Charlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. SAN FRANCISCO, June 9, 2020 /PRNewswire/ -- Pando (303 Holdings, Inc.), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million Our investment in Pando was propelled by this unique insight and their novel approach to transforming this insight into a compelling business. M 3. Stockhouse.com use cookies on this site. Pando’s platform allows professional baseball players and more recently business school graduates to pool future earnings potential in ways that smooth income volatility for … Ltd., Cambrex Corp., Cipla Inc., Among Others to Contribute for the Market Growth, Apollo-led group to buy stake in AB InBev's U.S. can plants for $3 billion. Pando is using the proceeds to build on its success serving professional athletes and develop offerings for entrepreneurs, MBA students and business professionals. Pando (303 Holdings, Inc.), a technology company focused on managing career risk, raised over $8m in Series A funding. The company raised $8M in Series A round on June 09, 2020. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. Pando offers an income pooling agreement for people in baseball or business careers looking to better control their future earnings. ‎Show Rebank: Banking the Future, Ep Pooling Upside in Baseball and Business with Pando - Jul 22, 2020 ‎Charlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. We help connect individuals with similar expected earnings and provide tools for them to contractually pledge a portion of their future income to a shared pool. Cookies are used to offer you a better browsing experience and to analyze our traffic. The solution is called pooling. By means of this same commitment with the environment protection, PANDO is been granted the ISO 14001:2015 Standard , meeting with the requirements of our own Environment Management System. Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. This tree colony is considered one of the oldest living organisms on Earth. Pando's Ambassador program is designed for graduate students with an entrepreneurial spirit and passion for building the future. Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. In a press release, Lak Ananth, Managing Director, Next47, stated. Why, then, do we see this behavior with entrepreneurs, business professionals and athletes? About. When someone who is 1. The team is looking to scale into international markets and invest in technology and talent. Pando Raises $8 Million In Series A Funding. Private. The round was led by Core Innovation Capital and included participation from Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. With this fund raise the total funding raised by the company is now at Rs 80 crore. SAN FRANCISCO, June 9, 2020 /PRNewswire/ -- Pando (303 Holdings, Inc.), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. 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