Nine teams that presented themselves at the latest demo day of Pear - TechCrunch

Nine teams that presented themselves at the latest demo day of Pear – TechCrunch


Since 2015, TechCrunch has been covering the demonstration days of the initial corporate company Pear VC. (In 2016, we are first and foremost surrounded by investors and we write.)

Since then, a few things have remained true. There are usually about 10 companies that present, and not many others. Many top companies will appear, including NEA, Lux Capital and Sequoia Capital. And the energy in the room reflects the energy of the founders Pear, Pejman Nozado and Mar Hershenson, who, every year, project the cheerful behavior of people who want to win you over. (Definitely winning over investors; as we reported last Friday, Pear seems close to getting her biggest fund ever.)

Remarkably, the conditions Pear offers to startups have not changed much over the years. In exchange for 14 weeks of help with everything from product market customization to the marketing strategy the team should use, startups in Pear’s Acceleration Program give Pear the right to invest from $ 500,000 to $ 750,000 in each team at a valuation that is limited to $ 10 million. Pear allows founders to choose the size of a check. Founders who take $ 500,000 sell essentially 5% of their company; while those who take a bigger check sell more.

Unlike the much larger and more reputable Y Combinator, whose participants start talking to investors almost as soon as they are accepted into the program, Pear continues to try to protect her startups from conversations with other investors until the demo takes place, says Nozad. “We want to focus on creating products and finding customers,” while startups participate in its acceleration program, he insists.

Of course, some VCs are still appearing early, partly due to startup mentoring. For example, Mark Suster of Upfront Ventures and Kirsten Green of Forerunner Ventures helped advise Pear’s latest group of companies.

For the rest of you who missed Pear’s demo day this year, which took place last week in person at the company’s new headquarters in Menlo Park, California (Pear took over the former beer garden), here are nine teams who introduced themselves.


Spathios
What is he doing: Marketplace for booking short-term rental space for corporate events, meetings and productions
founders: Pol Hevia (CEO), Joaquim Tresserra (CTO)
Founded in: 2020
headquarters: Barcelona, ​​Spain
playground: Spathios says it is a marketplace for booking short-term seats and spaces. Its platform aims to enable businesses to hold meetings and events in some of the most unique places in the world. He also says it allows more stakeholders to manage reservations, collaborate across teams and simplify their accounting. The corporate events market is estimated at $ 600 billion, but most of the spending is currently through hotels and conference centers; For the first time, Spathios thinks he can bring online an untapped offer of unique places such as museums, historic sites and even palaces. He says he has already worked with major customers such as Conde Nast, Sony Music and Google.


FairStreet
What is he doing: Software platform driving independent Medicare agents
founders: Sarah Jacobson (coCECE), Tori Seidenstein (coCECE)
Founded in: 2021
headquarters: San Francisco
playground: FairStreet aims to help seniors enroll in proper health insurance by providing a software platform that independent Medicare agents can use to manage and expand their businesses. Independent agents apparently enroll 60% of all seniors in Medicare and are the fastest growing segment, and FairStreet is building what it describes as a complete software platform that halves their work and allows them to scale. In terms of traction, FairStreet says it has acquired 12 experienced Medicare agents in two months and has another 90 on the waiting list. FairStreet earns recurring commissions from an insurance company whenever one of their agents enrolls a senior in a Medicare plan.


Ment
What is he doing: Built-in payments and financial infrastructure for B2B companies in LatAm
founders: Virigina Folgueiro (CEO), Alejandro Quirno Lavalle (CMO), Santiago Lorenzo (CTO)
Founded in: end of 2021
headquarters: Argentina
playground: Menta says its technology infrastructure allows B2B companies to offer their own payment and financial services to retailers in their ecosystems. She says her network also offers network effects – customers have access to all the retailers on the platform. The service has just been launched, but its founders say it already works with three customers in Argentina and Mexico and has 10 other agreements signed.


PemPem
What is he doing: Fintech and supply chain software for micro-enterprises in commodity supply chains
founders: Joann de Zegher (CEO), JK Metwalli (CTO)
Founded in: end of 2021
headquarters: Montreal, Quebec
playground: PemPem builds mobile supply chain management software for micro-enterprises in commodity supply chains. They have built a mobile platform that provides complete financial and commercial solutions for the 500 million micro-enterprises that produce and trade global commodities worth $ 2.7 trillion a year. With PemPem, micro-enterprises can find out prices, gain access to supply chain financing for inputs, and soon, as they say, will be able to trade their commodities through the PemPem marketplace. Already, he says, 5,000 active companies use PemPem a month to find out prices. Its marketplace opens this summer.


Muzzle
What is he doing: Membership-based pet health plans
Founder: Emily Dong (CEO)
Founded in: 2020
headquarters: San Francisco
playground: Snout creates a complete health plan for pets to address what he thinks is in great demand on the market. According to Snout, there are 200 million pets in the United States, and 47% of their owners say they have pet-related debts. Only 2% of these pets are insured because pet insurance does not cover current expenses – it only pays off in the event of catastrophic events – and while veterinarians want to help pets and ease the financial burden on pet parents because they are relatively small, cash businesses trying to defer revenue. Snout’s solution is to provide veterinary practices with capital and software to make health care plans financially viable for both veterinarians and pets. Launching this month, it says it already has a waiting list of customers representing $ 1 million in annual recurring revenue.


Rendering
What is he doing: Helps software teams build products faster by automating design code
founders: Robert Nowell (CEO), Caleb Ouellette (CTO)
Founded in: 2020
headquarters: San Francisco
playground: Rendition is an artificial intelligence assistant for creating user interfaces from designs. Why does it matter? The team says its product is five times faster than handwriting code. Since its launch last month, Rendition has gained five customers and generates $ 10,000 in monthly recurring revenue; the plan is to (naturally) gain much more from the $ 100 billion annual front-end development market by automating the more than 1 billion hours of development work that is devoted to user interface development each year.


Overcharging
What is he doing: Stablecoin payment infrastructure for web3
founders: Ben Gusberg (CEO), Jim Zheng (CTO)
Founded in: end of 2021
headquarters: Stanford, California
playground: Supercharge is building a stablecoin payment infrastructure for web3 and giving developers and merchants access to the $ 5 trillion stablecoin transactions market. In fact, it provides developers with a simple API so they can receive stablecoins in minutes, he says. Supercharge will launch next month in the Binance, Polkadot and Polygon ecosystems; The (immodest? laudable?) goal is to be the basic layer that seamlessly transmits the entire web3 to the mainstream.


BeyondTrucks
What is he doing: Vertical SaaS platform that powers SMBs with workflow automation, smart data and integrated financial solutions
founders: Hans Galland (CEO), Paul Xie (COO)
Founded in: 2019
headquarters: San Mateo, California
playground: BeyondTrucks is building a vertical SaaS platform for SMB shipping companies to facilitate their business development. They focus on driving transportation companies with workflow automation, smart data and embedded financial services, helping them build their business in a more data-focused way. The company is chasing what it says is a $ 1.7 trillion fleet market and says it is experiencing traction. The facility was launched in January and claims to already serve 45 fleets with 280 trucks.


Neura Health
What is he doing: Virtual neurological outpatient clinic for patients with neurological problems
Founder: Elizabeth Burstein (CEO), Sameer Madan (CTO)
Founded in: 2020
headquarters: New York
playground: Neura Health is a virtual neurology clinic with a mission to improve access and quality of neurological care: increase comfort, improve results and reduce costs. There is a serious shortage of neurologists in the United States, resulting in waiting times of up to six months, the organization says. Meanwhile, the Neura Health platform connects patients with neurologists through built-in monitoring of neurology-specific symptoms and condition-specific diagnostic tests. Patients also receive a mobile application with a specialized concierge service that ensures that all their care needs are met and creates (hopefully) a highly effective relationship between the patient and the provider. In particular, the company’s long-term vision is to find drugs by learning from the experience of every neurological patient.

Pictured above: Pejman Nozad and Mar Hershenson speak to guests at Pear’s demo day last week in Menlo Park, California.



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