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. That’s where Pando Pooling comes in. 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. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. 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. In commenting on the capital raise, Pando board member and Managing Partner of Core Innovation Capital, Kat Utecht, said, "Unfortunately, as we're experiencing most acutely in our current environment, there's an element of career volatility that is systemic and beyond our control. 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. Pando | 1,651 followers on LinkedIn | Success is a team sport | Pando has created a new financial tool for people in high volatility careers. Stockhouse.com use cookies on this site. Co-founder Eric Lax added, "You will not see any venture capital firms touting a single investment as their portfolio strategy. 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. 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. Pando Raises $8 Million In Series A Funding. 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. "It seemed strange to us that so many talented individuals were taking incredible risk with their greatest asset: the ability to earn future income from their chosen career." – (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. 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. Private. Founded by Stanford University alums Eric Lax (CPO) and Charlie Olson (CEO), this company allows athletes to commit a … Why, then, do we see this behavior with entrepreneurs, business professionals and athletes? Pando is a technology company providing a platform to empower people in high volatility careers to control their future earnings. www.pandopooling.com. Pando offers an income pooling agreement for people in baseball or business careers looking to better control their future earnings. 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 built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. 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 … Since its founding, Pando has focused on serving professional athletes, specifically professional baseball players. Pando has created a novel financial tool for those looking to control career risk. 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. This is Next47's first investment in India. 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. This tree colony is considered one of the oldest living organisms on Earth. 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. The company raised $8M in Series A round on June 09, 2020. 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. When personal or societal crises occur, our instinct is to lean on community and those we believe in most. We call our solution income pooling. --Pando, a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. Pando Raises $8 Million In Series A Funding. Download (MP3) 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. 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. Founded in 2017, Pando has the likes of Philips, Marico, and Britannia as its clients. SAN FRANCISCO, June 9, 2020 /PRNewswire/ -- Pando , a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. 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 Currently targeting only entrepreneurs and professional baseball players, Pando Pooling ultimately wants to expand into other industries. Pooling Upside in Baseball and Business with Pando. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. San Francisco, CA. Business. Palo Alto, California, United States. Pando's Ambassador program is designed for graduate students with an entrepreneurial spirit and passion for building the future. The solution is called pooling. We were fortunate to partner early with Nitin and Abhijeet in their journey and welcome our new partners on this new phase of the company’s growth.”. Find your income pool today. 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. Pando (303 Holdings, Inc.), a technology company focused on managing career risk, raised over $8m in Series A funding. E-mail Address. Obviously, we believe this is a terrific opportunity for Pando, but perhaps, it's an even bigger opportunity for entrepreneurs and other business professionals to join with trusted peers who are on track to make a dent in the universe.". 11-50. The solution is called pooling. Pando, cofounded by Stanford MBAs and 30 under 30s Charlie Olson and Eric Lax raised $8 million in Series A. Pando CEO Sarah Lacy has been running a daily tech news site for nearly six years. 1. Since inception, Pando has signed hundreds of professional athletes into income pools and has raised a Series A from top fintech investors. Started by two graduates from Stanford Graduate School of Business, Charlie Olson and Eric Lax, the company's unique name is derived from a collection of aspen trees in Utah, which share one massive underground root system. 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Pooling enables a group of individuals to come together and contractually pledge a small portion of future earnings – above a hurdle – to a shared pool. 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. 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. 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. But recently, she’s been pouring more time into a new site, Chairman Mom. Article Comments (0) FREE Breaking News Alerts from StreetInsider.com! 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 Upside in Baseball and Business with Pando Pooling Upside in Baseball and Business with Pando. ", 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. Pando is an innovative new income pooling solution that allows people in high volatility careers to pool their career risk. Nitin Jayakrishnan, Co-founder and CEO of Pando, said, Nitin Jayakrishnan and Abhijeet Manohar, Founders of Pando. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. 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. Total pool distributions are distributed equally. Pando is using the proceeds to build on its success serving professional athletes and develop offerings for entrepreneurs, MBA students and business professionals. 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. 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. When someone who is 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. Pooling Upside in Baseball and Business with Pando 0. The solution is called pooling. Pando Pooling's product idea is extremely innovative and one of those you wonder why no one had thought of decades ago. The global VC firm has offices in Bengaluru, Beijing, London, Munich, Palo Alto, Tel Aviv, Stockholm, Munich, and London. Networked logistics management software startup Pando has raised Rs 64 crore in a Series A funding round led by Chiratae Ventures. The solution is called pooling. 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. Pando does always reinforce its commitment with his customers and with the environment, bringing in new high-efficient and low-consume features. Series A. 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. COUP 2. 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. The team is looking to scale into international markets and invest in technology and talent. 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. 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. We also use them to … About. The round also saw participation from existing investor Nexus Venture Partners, and Siemens-backed Next47. In a press release, Lak Ananth, Managing Director, Next47, stated. Pando is backed by Core Innovation Capital, Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. Cookies are used to offer you a better browsing experience and to analyze our traffic. Why should they alone limit themselves to their individual career earnings?". 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 built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. 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. 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. 6,651. Our investment in Pando was propelled by this unique insight and their novel approach to transforming this insight into a compelling business. M 3. For certain groups of people, there are powerful community benefits too, as there is a motivation to see each other succeed. July 22, 2020 35 min. The round was led by Core … 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. 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. StreetInsider.com Top Tickers, 6/9/2020. Their solution is particularly suited to markets with fragmented supply, and their India success can be replicated in many markets. By continuing to use our service, you agree to our use of cookies. Careers looking to better control their future earnings their solution is particularly suited to markets fragmented. Capital firms touting a single investment as their portfolio strategy Million in Series a Funding one! 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