• Collectly

  Participated · Seed · Jul 2017

  Collectly builds proprietary interfaces that integrate with electronic health records and practice management software to automate and streamline patient billing and payment collections for small and solo medical practices. Originally launched in 2017 as a digital debt-collection startup and later part of Y Combinator, it refocused as a patient financial engagement company. Customers have, on average, increased patient collections by 75%, reduced days sales outstanding to about 12 days from 60–90 days, and achieved a 93% patient satisfaction score. The platform engages over 300,000 patients daily and is growing revenue more than 3x year-over-year, and the company reports no churn. Collectly intends to use new funding to develop technology and products, double headcount by year-end, roll out pre-service modules and in-person payments, and explore AI tools like ChatGPT to improve patient experiences. Collectly digitizes debt collection by moving interactions online, tracking debtor responses, and using that data to tailor outreach and repayment solutions. The company says its approach enables recovery of two to three times as much debt compared with traditional agencies, according to CEO Levon Brutyan. Collectly has focused initially on the healthcare sector and is working to sign up the roughly 100,000 medical practices around the country. To boost distribution it is building integrations with major electronic health record providers Athena Health and DrChrono so practices can sync data without manual exports. TechCrunch described the business as nascent but showing early traction. The team raised funding to invest in scaling the product and sales efforts.

• FundThrough

  Participated · Equity · Oct 2016

  FundThrough is a fintech invoice factoring platform that provides invoice financing and related capital solutions to small and medium-sized businesses. It focuses on SMBs that sell to larger companies and need cash flow while awaiting invoice payments, serving sectors including retail, manufacturing, oil and gas, technology, professional services, and food supply and agriculture. FundThrough reports that 85 percent of its funding helps American clients. The acquisition of Ampla expands FundThrough’s digital-first ecosystem by adding working capital, business banking, corporate cards, and analytics capabilities. Ampla has surpassed over $2 billion in loan originations and handled over $5 trillion in transaction volume through its platform. FundThrough plans to use the new capital to pursue further acquisitions, invest in technology and AI, enhance UX, and accelerate product innovation. FundThrough is a Toronto-based fintech focused on small-business working capital. Its platform enables invoicing so small- and medium-sized businesses can get paid instantly and eliminate the wait associated with customer payment terms. Led by Co‑Founder and CEO Steven Uster, the company operates in the invoice-financing / working-capital space. In October 2020 FundThrough received a $50m (C$66m) investment from Northleaf Capital Partners. The firm intends to use the funds to expand its business reach. Stephens Inc. served as exclusive financial advisor on the transaction. FundThrough operates an online invoice-financing platform that lets small businesses convert outstanding invoices into working capital, allowing invoices to be paid within 24 hours. The service is marketed to firms facing large cash-flow gaps as customers delay payments. The company said it has funded $50 million worth of invoices (reported in 2016). FundThrough will use the new financing to develop its technology, increase the volume of businesses it finances, build integrations with platform partners, and accelerate expansion into U.S. markets. The firm launched in 2014 and is headquartered in Toronto. Its mission, per the CEO, is to help business owners control cash flow through modernized factoring. FundThrough operates a technology platform that enables small and growing businesses to eliminate the wait associated with invoice payment terms by funding outstanding invoices almost instantly. The platform connects to business owners' accounting software and bank information to automatically assign a funding limit within a few hours. Once connected, funds arrive in the business owner's bank account within 24 hours. Led by co-founder and CEO Steven Uster, the company focuses on streamlining cash flow for its customers through automated invoice financing. It intends to use proceeds from its recent financing to support expansion plans. Financially, the company secured a $24.3m second round comprising $4.3m of equity and access to $20m in loan capital. FundThrough is a Toronto, Canada–based, technology-driven online lending marketplace that provides lines of credit to growing businesses. The platform matches businesses with financing through a marketplace model. The company launched with $2.2M in funding to build and scale its offering. The seed funding will be used to expand the platform and service more businesses across Canada. FundThrough is led by Co-Founder and CEO Steven Uster, who founded the company with Graham McBride and Deepak Ramachandran.

No current team members are available.