# Relief Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/relief-labs

- Industry: Healthcare IT
- Headquarters: New York, US
- Website: www.clearing.com
- Total disclosed funding: $20M
- Latest round: Seed (May 25, 2021)
- Investors on record: 10

## About

Relief Labs Inc., based in New York, specializes in comprehensive financial services that facilitate seamless transactions for businesses and institutions, focusing on digital asset solutions, cross-currency liquidity, and global payment processing.Founded in 2020, Relief Labs Inc. operates from its headquarters in New York, US. The company focuses on providing innovative financial solutions and has successfully raised USD 20.00 mn in Seed funding as of May 25, 2021. This funding round was co-led by Bessemer Venture Partners and Founders Fund, with contributions from several other investors. CEO Avi Dorfman leads the company, focusing on enhancing product development and customer acquisition.Relief Labs Inc. offers a comprehensive suite of financial services that includes digital asset solutions, multi-currency accounts, global payment processing, cross-currency liquidity, and card acquiring services. These offerings enable clients to securely manage and transact in digital assets, handle funds in multiple currencies, and efficiently conduct international transactions, catering to a diverse clientele across Europe, North America, and Asia-Pacific.Relief Labs Inc. generates revenue through transaction-based models, with earnings derived from transaction fees on payments processed and potential subscription fees for services like multi-currency accounts. Their card acquiring solutions also contribute to revenue based on transaction volumes, designed to enhance client experience while ensuring sustainable growth.Following the recent Seed funding of USD 20.00 mn raised on May 25, 2021, Relief Labs Inc. intends to utilize the investment for further customer acquisition and product development. The company is focused on launching new products aimed at enhancing customer engagement and is also planning to expand its services into new geographic regions to tap into emerging markets.

## Funding rounds

- Seed, May 25, 2021, $20M — Founders Fund, Bessemer Venture Partners, Grubhub Holdings Inc., Flatiron Health, Inc., Breyer Capital, Curology, Inc., Hims & Hers Health, Inc., Threshold Ventures, Forward Health Group, Inc.
- Seed, Mar 1, 2021 — Torch Capital

## Investors

- Torch Capital (https://capitalatlas.ai/funds/torch-capital) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Grubhub Holdings Inc. — Seed
- Flatiron Health, Inc. — Seed
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed
- Curology, Inc. — Seed
- Hims & Hers Health, Inc. — Seed
- Threshold Ventures (https://capitalatlas.ai/funds/threshold-ventures) — Seed
- Forward Health Group, Inc. — Seed