Addie Lerner’s Post

Thatch is an incredibly special company reinventing healthcare in the U.S. by helping businesses of all sizes give their employees better, more personalized benefits for less money. We at Avid Ventures are honored to continue to support Chris Ellis and Adam Stevenson alongside our friends at Index Ventures, General Catalyst, and Andreessen Horowitz with this fundraise. Chris and Adam are purposeful, visionary, magnetic founders assembling an A+ team that is capable of actually fixing healthcare. This team is accelerating the adoption of ICHRA (Individual Coverage Health Reimbursement Arrangement - https://thatch.ai/ichra) by making it a delightful experience for both employers and employees through innovative software, AI, and financial infrastructure. To anyone figuring out health insurance ahead of open enrollment this fall, experiencing rising premiums, or finding that your current one-size-fits-all plan doesn't quite suit all your employees: I highly recommend checking out Thatch. Feel free to reach out to learn more. Read the team's blog post and Chris's personal story here: https://lnkd.in/eRPpWPnr Addie Lerner Irene Gendelman Alex Tran Nathaniel Levy-Westhead Jahanvi Sardana Julie Yoo Jay Rughani Vinesh Arun George Guarnieri Matias Honorato Cory Nicks Daniel Isaac Weinstein Dheera Vuppala Daniel M. Choi

Fintech has a ledger problem. We raised $9 million from Stripe , BoxGroup, Avid Ventures and angels like Zachary Perret , Cristina Cordova ,Gokul Rajaram, Jack Altman, Emilie Choi and The Fintech Fund 🚀 to solve it. In the rush to make every company a fintech company, the ledger was forgotten. And without a real-time ledger, the financial balances that were once always right are now often wrong.  Fintech balances go wrong when they get out of sync with the bank and balance sheets they’re built on. It’s a common pattern and it’s what got Evolve/ Synapse into trouble. A real-time, double-entry ledger links them together and keeps them in lockstep. Instead of relying on finance teams to account for payments manually, Fragment accounts for them as they’re made. Fintech balances need a purpose-built fintech database; a database for money. Fragment is meant for fintech engineers, builders of the countless marketplace, vertical SaaS and finance apps that involve keeping customer balances in order. Tracking a real-time view into what customers owe and own is a pain, and we want you to know: you don’t have to worry about this part anymore. In less than a week, you can set up all the infrastructure you need to handle balances in a financially correct way. You don’t have to recreate double-entry accounting, build your own database to enforce it, or stress about all the edge cases that could break it. Fragment lets engineers access the power and precision of double-entry without having to learn a whole new vocabulary. And businesses like Pleo, NALA and TruckSmarter are using it to track billions of dollars in balances annually and they’re constantly finding clever new applications for it. And because Fragment speaks the same double-entry accounting language as your bank, card and accounting systems, you never have trouble reconciling with them. When your financial systems always reconcile, you can build faster, avoid time-consuming repair work, and continuously close by accounting for every payment as it’s made. Stripe gave two people in a garage the same payments infrastructure as Amazon and increased the GDP of the internet to >$20 trillion. Lets see what’s possible when we give two people in a garage the same financial infrastructure as Square, Stripe and Uber. Check us out here:

We are excited to share that OnRamp announced today we have raised $14.2M across a seed and recent Series A funding rounds. We have spent the past few years building an incredible team and product to deliver seamless customer onboarding by automating and streamlining the post-sales process. The funding will be used to enhance our product's leading automation and user friendly capabilities, helping solve the challenge of guiding B2B customers smoothly through even the most complex post-sales processes. https://lnkd.in/g6DU4Wfz

I am excited to share the news that Odyssey has secured $10M in Series A funding led by Bradley Tusk of Tusk Venture Partners, with support from Katherine Boyle of Andreessen Horowitz, Benjamin Ling of Bling Capital, and Benjamin Kohlmann of Cubit Capital. In the past three years, the Odyssey team has accomplished a lot. -We’ve scaled our school choice software into three states -Hired an incredible team passionate about helping families -Onboarded 140,000 primarily low income students -Awarded and disbursed $400M+ in state funding -Launched the industry’s first real-time identification solution -Onboarded more than 1k vendors onto our marketplace with 12,000+ offerings I want to also give a special thank you to Packy McCormick, Steve Kupfer, Katelyn Donnelly, Eric Theis, Oliver Hsu, Leila Hay, Michelle Volz, Addie Lerner, Anne Dwane, John Danner, Charlie Pinto, Avid Ventures, and Village Global for their belief in the mission and support. We are excited to put this investment to good use by rolling out additional features for parents to make accessing programs easier. A huge thanks to everyone in the Odyssey community for supporting our mission to date, especially the entire Odyssey team and the families we serve. Together, we are changing the landscape of education - and we are just getting started! https://lnkd.in/eSDvkpSH

Exciting announcement! MAJORITY just hit a major milestone with the successful completion of a $20 million funding round! 💰🎉 At MAJORITY, we're dedicated to empowering migrant communities on their financial journeys. That's why we're committed to breaking down barriers and offering inclusive financial services tailored to meet their unique needs. Check out the full story by Christine Hall featured in TechCrunch here: https://lnkd.in/dSZP7MXM Thank you for being part of the MAJORITY community and stay tuned for updates as we roll out exciting new developments in the coming months. #WeAreMAJORITY #FintechFunding #TechInvesting

Thrilled to welcome Keyfactor to the Sixth Street Growth portfolio! We believe that Keyfactor is uniquely positioned as the market leader in machine identity management. We are very excited to partner with Jordan Rackie and his talented management team and with Insight Partners to support Keyfactor during its next phase of growth. https://lnkd.in/gCdEQZYm

After months of stealth, excited to unveil Basis, the AI platform for accounting firms With our 3.6m in seed funding led by Better Tomorrow Ventures alongside BoxGroup, Avid Ventures, several top accounting firms, and leaders from the accounting and machine learning communities We’re on a mission to give every accountant a team of AI assistants to take on core workflows See comments for our full announcement 👇