Party Round is an American financial service and technology company based in Los Angeles, California that allows startup founders to automate their fundraising process.[1] Its service lets founders create a round, set terms and privately invite investors to participate. It then handles the requisite documents, signatures and capture of raised funds. [2]

Party Round
Party Round Inc.
TypePrivate
IndustrySpecialty Finance
FoundedMarch 12, 2021
FoundersJordi Hays
Sarah Chase
HeadquartersLos Angeles, CA
Key people
  • Jordi Hays
  • (Co-Founder & CEO)
  • Sarah Chase
  • (Co-Founder & President)
Websitepartyround.com

HistoryEdit

Party Round was founded by Jordi Hays and Sarah Chase as an easier way for founders to raise money after Hays had a friend who had wanted to invest $500 in his previous company, only to have his lawyer say it would be more expensive just to run the paperwork for an investment that small.[3]

In February 2022, it was announced that Party Round was named one of the top Los Angeles Startups to Watch in 2022.[4]

Party Round is backed by Andreessen Horowitz, Seven Seven Six, Gradient Ventures, Abstract Ventures, and Shrug Capital.[5]

ReferencesEdit

  1. ^ "How Andreessen Horowitz partner Anish Acharya landed the $7 million Party Round deal over a brainstorming session and dinner in LA". Insider. 2021-11-18. Retrieved 2021-11-18.
  2. ^ "Party Round raises $7M to make the process of raising capital less awful". TechCrunch. 2021-11-18. Retrieved 2021-11-18.
  3. ^ "It's easier to invest in an NFT than a startup. Party Round wants to change that". Protocol. 2021-11-18. Retrieved 2021-11-18.
  4. ^ "22 LA Startups to Watch in 2022". Built In LA. 2022-02-01. Retrieved 2022-02-01.
  5. ^ "Party Round brings "community to the cap table" with $7M seed". FinLedger. 2021-11-18. Retrieved 2021-11-18.