Founded by Stanford University alums Eric Lax (CPO) and Charlie Olson (CEO), this company allows athletes to commit a … Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. Pando is using the proceeds to build on its success serving professional athletes and develop offerings for entrepreneurs, MBA students and business professionals. 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 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. 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. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. 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. That’s where Pando Pooling comes in. 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.”. Since inception, Pando has signed hundreds of professional athletes into income pools and has raised a Series A from top fintech investors. By continuing to use our service, you agree to our use of cookies. COUP 2. 11-50. 6,651. Palo Alto, California, United States. Pando is a technology company providing a platform to empower people in high volatility careers to control their future earnings. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. July 22, 2020 35 min. 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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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 CEO Sarah Lacy has been running a daily tech news site for nearly six years. The round also saw participation from existing investor Nexus Venture Partners, and Siemens-backed Next47. We call our solution income pooling. The round was led by Core … www.pandopooling.com. Pando Raises $8 Million In Series A Funding. Pando is backed by Core Innovation Capital, Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. Series A. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. "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." StreetInsider.com Top Tickers, 6/9/2020. Pando Raises $8 Million In Series A Funding. Why should they alone limit themselves to their individual career earnings?". Why, then, do we see this behavior with entrepreneurs, business professionals and athletes? 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. Pando's Ambassador program is designed for graduate students with an entrepreneurial spirit and passion for building the future. Since its founding, Pando has focused on serving professional athletes, specifically professional baseball players. Founded in 2017, Pando has the likes of Philips, Marico, and Britannia as its clients. We also use them to … Pando has created a novel financial tool for those looking to control career risk. 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