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WndrCo company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Video
wndrco.com

Investments

85

Portfolio Exits

11

Partners & Customers

2

About WndrCo

WndrCo invests in digital and technology companies. WndrCo is developing Quibi, which provides short-form media content designed for smartphones.

Headquarters Location

9355 Wilshire Boulevard Suite 400

Beverly Hills, California, 90210,

United States

323-513-9999

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Latest WndrCo News

08:00 EDT Fintech Startup Setscale Launches to Help Small Businesses Fund Purchase Orders with a $9.5M Seed Round, Secures up to...

May 4, 2023

News provided by Share this article The round included participation from Fin Capital, Great Oaks, Mantis, WndrCo, Ethos and Jaws NEW YORK, May 4, 2023 /PRNewswire/ -- Setscale , a fintech startup revolutionizing purchase order financing for SMBs, today announced it has raised a $9.5M seed funding round, as well as secured up to $70M in debt. The company's CEO and Founder, Daniel Fine, saw the opportunity for Setscale after he and his team built a nine-figure business, but left millions in orders on the table due to lack of funding options for small businesses. With this new endeavor, the Setscale team aims to mitigate this issue for SMBs by providing alternative financing options that enable them to scale. Round participants include Fin Capital, Great Oaks, Mantis, WndrCo, Ethos and Jaws along with executives and founders from top Fintech and SaaS companies. SMBs use Setscale independently or in partnership with existing capital to fund their inventory and purchase orders. Banks have nearly always underserved SMBs and the fallout from Silicon Valley Bank has put more strain on this issue. Setscale provides a flexible alternative, enabling companies to fulfill existing and forward demand through an underwriting model intended to help companies scale. Rather than relying on traditional and legacy institutions, SMBs can use Setscale independently or in partnership with existing capital to fund their inventory and purchase orders. Coming out of stealth, Setscale's leadership team is rounded out by Jesse Roth, Chief Business Officer and General Counsel, Tami Mohney, Chief Strategy Officer, Don Renyer, Chief Product Officer, and Tim Bjorkman, Chief Technology Officer. "As a business owner, I've experienced the struggles of financing purchase orders first-hand," said Fine. "There's clearly a need for more financing options for companies that might be overlooked by legacy financial institutions, even though there is market demand for their products. This is a critical time for companies to understand how and from where they will access capital – it's an exciting challenge and with the support of our partners, our team is poised to help product-based companies thrive and meet consumer and B2B demand." Setscale will use the funding to expand its current tech offerings, continue building out its team, and double down on marketing efforts. The debt facility enables Setscale to deploy capital to its partners to finance product purchases from credit worthy end buyers. "We are committed to supporting repeat founders and Daniel's vast experience in many business endeavors gives him a unique perspective on what business owners need, especially in this challenging climate," said Logan Allin, Founder and Managing Partner of Fin Capital. "Setscale's innovative approach to purchase order financing is exactly the type of B2B fintech Fin Capital is excited about, bringing scalability to businesses." Setscale has helped companies across the CPG, ecommerce, health and wellness, medical and manufacturing spaces, enabling transactions for dozens of entities. To learn more about Setscale, please visit https://setscale.com/ About Setscale: Setscale is a fintech startup solving the trade financing dilemma for small businesses. Small businesses frequently get purchase orders, but don't have the money to fill them. Through its PO financing technology, Setscale finances the cost of those goods, allowing small businesses to focus on product and sales, enabling them to scale. Setscale is an ideal partner for SMBs, coming in where traditional financial institutions won't, enabling SMB's to finance their growth. Setscale funds supply. You meet demand. SOURCE Setscale

WndrCo Investments

85 Investments

WndrCo has made 85 investments. Their latest investment was in Rain as part of their Series A on March 3, 2023.

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WndrCo Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/21/2023

Series A

Rain

$66M

Yes

6

12/28/2022

Seed VC

SetScale

$9.5M

Yes

Ethos, Fin Capital, Great Oaks Venture Capital, Jaws Capital, MANTIS Venture Capital, Undisclosed Angel Investors, Undisclosed Investors, and WndrCo

3

12/5/2022

Seed VC - II

Twelve Labs

$12M

Yes

6

8/16/2022

Series A

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$99M

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10

7/1/2022

Series A - II

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$99M

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10

Date

3/21/2023

12/28/2022

12/5/2022

8/16/2022

7/1/2022

Round

Series A

Seed VC

Seed VC - II

Series A

Series A - II

Company

Rain

SetScale

Twelve Labs

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Amount

$66M

$9.5M

$12M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Ethos, Fin Capital, Great Oaks Venture Capital, Jaws Capital, MANTIS Venture Capital, Undisclosed Angel Investors, Undisclosed Investors, and WndrCo

Sources

6

3

6

10

10

WndrCo Portfolio Exits

11 Portfolio Exits

WndrCo has 11 portfolio exits. Their latest portfolio exit was Tinkergarten on April 04, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/4/2023

Acquired

$99M

3

3/22/2023

Acquired

$99M

8

2/21/2023

Acquired

$99M

5

9/1/2022

Acquired

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$99M

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10

8/8/2022

Acquired

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$99M

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10

Date

4/4/2023

3/22/2023

2/21/2023

9/1/2022

8/8/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

8

5

10

10

WndrCo Partners & Customers

2 Partners and customers

WndrCo has 2 strategic partners and customers. WndrCo recently partnered with Access Company on April 4, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

4/21/2020

Partner

ACCESS partners with leading Chinese video service NewTV for in-car entertainment

The partnership between ACCESS and NewTV will help the automotive industry achieve this by delivering the Car infotainment system with high-quality built-in programmes .

1

11/13/2019

Partner

United States

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10

Date

4/21/2020

11/13/2019

Type

Partner

Partner

Business Partner

Country

United States

News Snippet

ACCESS partners with leading Chinese video service NewTV for in-car entertainment

The partnership between ACCESS and NewTV will help the automotive industry achieve this by delivering the Car infotainment system with high-quality built-in programmes .

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Sources

1

10

WndrCo Team

5 Team Members

WndrCo has 5 team members, including current Founder, Managing Partner, Ann Daly.

Name

Work History

Title

Status

Ann Daly

Founder, Managing Partner

Current

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Name

Ann Daly

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Work History

Title

Founder, Managing Partner

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Status

Current

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