Tech Company Financing Transactions
Passiv Funding Round
Passiv closed a $2.2 million Seed funding round on 10/18/2022. Investors included Y Combinator, East Valley Ventures and Mistral Venture Partners.
Transaction Overview
Company Name
Announced On
10/18/2022
Transaction Type
Venture Equity
Amount
$2,200,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to support its growth, expand operations and business reach.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
3 - 712 Churchill Row Fredericton
New Brunswick, E3B 1P8
CA
New Brunswick, E3B 1P8
CA
Phone
Undisclosed
Website
Email Address
Overview
Passiv started when our founders, Brendan Lee Young and Brendan Wood, met and discovered they were both disillusioned with the status quo of investing: paying high fees for active management of investment products, with nothing to show for it. They did the math and realized that those expensive investment products would add years to their working life, because high management expense ratios (MERs) dramatically slowed the growth of their nest eggs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brendan Young
Chief Technical Officer
Brendan Wood
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We do our best to record every notable VC transaction. VC investment data records on this site come from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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