# Passiv

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/passiv

- Industry: Software
- Headquarters: Fredericton, Canada
- Website: www.passiv.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Oct 18, 2022)
- Investors on record: 5

## About

Based in New Brunswick, Canada, and founded in 2017, Passiv Inc operates as a software company that offers a portfolio management platform that provides a wealth investment system for its customer. The company was founded by Brendan Lee Young (CEO) and Brendan Wood. In October 2022, Y Combinator, East Valley Ventures, and Mistral Venture Partners led a USD 2.2 million seed funding for Passiv Inc. The company plans to use this funding to expand its market and further develop its growth.

It offers a portfolio management platform that turns the brokerage account into a modern portfolio management tool and lets its users build personalized indexes, invest, automate, and manage several accounts. It includes performance reporting, multi-account portfolios, advance currency handling, goal tracking, etc.

The company generates its revenue on a subscription basis. It offers two plans, a community user which is a free plan, and an elite member plan which costs USD 99 per year.

## Funding rounds

- Seed, Oct 18, 2022, $2.2M — Y Combinator, East Valley Ventures, New Brunswick Innovation Foundation, Mistral Venture Partners, Uncorrelated Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- East Valley Ventures (https://capitalatlas.ai/funds/east-valley-ventures) — Seed
- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Seed
- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Seed
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Seed