Pando is a technology company delivering a new way to manage career risk.

Pando has created a new financial tool for people in high volatility careers.

Pando was founded in 2017 by Eric Lax and Charlie Olson. The company is headquartered in San Francisco, California.

 

Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. It connects individuals with similar expected earnings and provide tools for them to pool a fraction of their future incomeThe solution is called pooling.

 

Pooling enables a group of individuals to come together and contractually pledge a small portion of future earnings – above a hurdle – to a shared pool. Total pool distributions are distributed equally. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar.

 

Pando is backed by Core Innovation Capital, Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. The company raised $8M in Series A round on June 09, 2020. This brings Pando's total funding to $11.1M to date.

 

 

  • Year founded: 2017
  • Funding Info: $11.1M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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