Led · Seed · May 2022

Tranch is a B2B BNPL platform enabling SaaS and services providers to offer a ‘Pay with Tranch’ checkout that pays suppliers upfront while letting customers settle invoices up to $500,000 over two to 12 months. After a UK beta and acceptance into Y Combinator, Tranch launched in the US and is focused on growth in the multi-trillion-dollar US B2B invoice market. The company has spread millions of dollars of invoices across services and SaaS verticals and reported that monthly invoices converted to flexible payments increased tenfold in the six months to the end of 2022. Early service providers offering the option include procurement platform Tropic and law firm Goodwin Procter LLP. Founded in 2021 and based in New York and London, Tranch plans to use new proceeds to grow its New York team and expand the checkout across multiple industry verticals. The product is positioned as a working-capital solution in a market where a large share of B2B invoices are overdue and many transactions are still settled by check. Tranch provides a BNPL platform that lets SaaS vendors and professional services firms offer end-customers flexible payment plans while the sellers get paid upfront. End-customers can spread costs for contracts sized £10,000–£250,000 over six to 12 months instead of settling standard 30–90 day invoices. The platform offers dynamic credit lines that can be used against multiple expenses with multiple suppliers. Founded in London in 2021 by Philip Kelvin and Beau Allison, Tranch is positioning to scale supplier onboarding across multiple verticals. The company plans to grow its team and expand its reach in the UK and the US later in the year. Tranch is backed by Y Combinator and will join YC’s Summer 2022 cohort. It recently completed a £3.5m pre-seed and debt financing (approx. $4.25m).

Participated · Seed · Dec 2021

Fuzey offers a single dashboard that consolidates communications, payments, marketing, calendars and invoicing for small service businesses such as plumbers, electricians and mechanics. The product includes messaging and social integrations, instant invoicing, document templates, one-click customer reviews and response templates to speed customer replies. Founders Henrik Lysgaard Jensen (CEO) and Alex Boyce (COO) launched the company in 2020 and went live with the product in June. The startup is already operating in select markets in Europe, the U.S. and Canada and has 10 employees. Fuzey reports double-digit month-over-month growth in both customers and revenue. The company says the product and go-to-market are informed by founders' experience helping small businesses digitize and a desire to replace manual, paper-based workflows. New funding will be used for product development and geographic expansion.

Led · Seed · Sep 2021

Responsibly is a Copenhagen-based supplier data platform for responsible procurement that employs AI to find and understand data generated within the sustainability sector. Its platform analyzes factors such as carbon emissions, gender pay gap, human rights, and deforestation to produce a supplier sustainability data score. The company serves customers including CERN and Chr. Hansen. Responsibly intends to use the newly raised funds to expand operations and development efforts. The product is positioned to help companies assess supplier sustainability and lower data compliance costs. Responsibly offers a platform that benchmarks suppliers across environmental and social metrics, including deforestation, water pollution, human-rights violations, and gender pay gaps. The company is building a layer on top of existing data providers so procurement teams can flexibly read, interpret and use supplier information for sourcing decisions. It plans to soft-launch the first version of its platform and will analyze supplier data for more than 10,000 suppliers for pilot customers. The product targets retailers, builders and other purchasers to bring transparency into procurement and enable impact-driven sourcing. Responsibly competes with EcoVadis and Integrity Next. The company is led by co-founder and CEO Thomas Buch Andersson. It raised funding to accelerate development and customer pilots.

Participated · Seed · Apr 2021

InsureQ provides digital insurance solutions that enable SMEs, including SaaS and e-commerce startups, and freelancers to find, buy, and claim insurance online either directly or embedded in partner check-outs. The platform partners with insurers such as Hiscox, R + V Versicherung and ARAG to offer industry-tailored insurance packages. InsureQ also enables B2B marketplaces like Hallo Marta, Moss and Packator to offer insurance products to their self-employed users via API integrations that are dynamically adjusted. Led by co-founder and CEO Alexander Le Prince, the company focuses on serving SME segments and expanding its partner network. InsureQ raised €5m in seed funding to accelerate growth, enhance its products, and expand both its partner network and the SME segments it serves. The company intends to deploy the funds to scale distribution and product development.

Participated · Equity · Nov 2020

Katoo provides a platform that digitizes and streamlines the old‑school food supply industry, replacing fax, paper and voice messages with software to facilitate communication between restaurants and suppliers. The product focuses on eliminating manual data entry through ERP integrations and on integrating with popular PoS systems to predict restaurants’ stock needs. Katoo is also building financial products to address cash‑flow issues, including simplified and centralized payments, payment reconciliation, and financing. The company has seen orders grow 8x over the past nine months and serves over 5,000 restaurants and suppliers, ranging from large chains to high‑end and Michelin‑starred venues. Katoo processes close to €190 million in annualized transactions across Italy and Spain. The startup plans to use new funding to keep developing the product, launch in Portugal, and prepare expansion into Latin America and other European markets. Katoo offers a simple mobile app that connects restaurants with their suppliers to accelerate digitization of the hospitality sector. The company has built a network of more than 3,000 restaurants and suppliers placing and receiving orders through its platform in Spain, Italy and Portugal. Katoo launched its product about a year before reporting these metrics and highlights that 99% of restaurant professionals still order via phone, email, WhatsApp or fax. Since the COVID pandemic began the average number of restaurant orders on the platform has declined from about 12 per week to about 8 per week, prompting Katoo to add analytical tools to help clients reduce costs. The team plans to invest in new functionalities and add more intelligence to predict optimal stock levels based on historical orders and offer standard interfaces such as EDI. Founders Diogo Cunha, Karan Anand and Carlos Esquivel previously worked at firms including Boston Consulting Group, Uber and SGS.