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
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
Phone
Undisclosed
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
Passiv LinkedIn Company Profile
Social Media
Passiv Company Twitter Account
Company News
Passiv News
Facebook
Passiv on Facebook
YouTube
Passiv on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Brendan Young
  Brendan Young LinkedIn Profile  Brendan Young Twitter Account  Brendan Young News  Brendan Young on Facebook
Chief Technical Officer
Brendan Wood
  Brendan Wood LinkedIn Profile  Brendan Wood Twitter Account  Brendan Wood News  Brendan Wood on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/18/2022: Paytrix venture capital transaction
Next: 10/18/2022: Greenzie venture capital transaction

 

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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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