Passthrough raises $10M to simplify the process of investor onboarding

Tim Flannery, Alex Laplante and Ben Doran were working together at Carta’s investor services team when they realized that onboarding funds to invest in startups was a taxing (no pun intended) process. It required manually creating subscription agreements — agreements that investors fill out to invest in a fund — by piecing together unstructured data across various financial systems. Often, this work, which was unpaid, led to errors and took an incredibly long amount of time, Flannery says.
“It was a nightmare to deal with,” Flannery told TechCrunch in an email interview

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