# 303 Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/303-holdings

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.pandopooling.com
- Total disclosed funding: $20M
- Latest round: Series A (Jun 9, 2020)
- Investors on record: 8

## About

303 Holdings, Inc. is a company dedicated to empowering startup founders with innovative financial support and community-driven tools that enhance collaboration and risk management among entrepreneurs.303 Holdings, Inc., founded in 2017 in San Francisco, US, specializes in providing peer support and financial tools for high-potential entrepreneurs. The company has successfully completed 3 deals, with the latest being a Series A round on June 9, 2020, raising USD 8.5 mn led by Core Innovation Capital, and supported by investors such as Avalon Ventures and Nimble Ventures. The company was founded by Eric Lax and Evan Frederickson, and is currently led by CEO Charlie Olson.Pando offers a suite of products and services tailored specifically for high-potential entrepreneurs, primarily focusing on peer support and financial tools designed to enhance the founder experience. The core offering is the income pooling mechanism, providing a diversified, portfolio-like approach to managing financial outcomes for startup founders. This service aims to mitigate risks associated with high-variance careers, allowing members to collaborate through shared financial strategies. Pando also facilitates a vibrant community of founders through platforms like investor exchange tools, dedicated Slack groups, curated introductions, and monthly networking events, serving not just the San Francisco market but extending reach across the United States and potentially into international markets.Pando generates revenue through membership fees associated with its peer support and financial pooling services. Clients engage in a subscription model, paying to join pools granting access to resources, mentorship, and investor connections. The transaction structure centers on B2B relationships, primarily catering to startup founders and entrepreneurs. Membership levels may vary, allowing for different tiers of access to community events, financial tools, and additional benefits from preferred partners. Specific costs for memberships and services are not publicly disclosed, reflecting the company’s commitment to providing value through tailored support.Following the recent Series A funding round of USD 8.5 mn on June 9, 2020, led by Core Innovation Capital, 303 Holdings, Inc. plans to enhance its product offerings with new features designed for startup founders. The company is also focusing on expanding its geographic reach into new markets, with specific plans to target additional regions across the United States and potential entry into international markets by 2022. Recent funding will be utilized for product development and market expansion initiatives, supporting the company’s growth strategy.

## Funding rounds

- Series A, Jun 9, 2020, $8.5M — Avalon Ventures, Western Technology Investment, Ulu Ventures, Core Innovation Capital, Slow, Pear VC, Stanford-StartX Fund, Nimble Ventures
- Series A, Jun 19, 2019, $8.6M — Avalon Ventures, Ulu Ventures, Core Innovation Capital, Slow, Pear VC, Stanford-StartX Fund, Nimble Ventures
- Seed, Dec 22, 2017, $3.2M — Avalon Ventures, Ulu Ventures, Pear VC, Stanford-StartX Fund, Nimble Ventures

## Investors

- Avalon Ventures (https://capitalatlas.ai/funds/avalon-ventures) — Seed, Series A
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed, Series A
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed, Series A
- Stanford-StartX Fund — Seed, Series A
- Nimble Ventures (https://capitalatlas.ai/funds/nimble-ventures) — Seed, Series A
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Series A
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series A