Premoney 60: Iterant & Kettle

Welcome to week 60!

🌲 Climate-tech partner shoutout 🌿

As I’m getting up to speed on more aspects of the Climate Tech world, I was excited to meet with Olya Irzak (ex-Google X, current founder of Frost Methane Labs) who is passionate about getting more investors into the space properly. One of her side projects is Clean Tech Experts, a network of experts that help investors without deep knowledge in Clean Tech better assess technical opportunities:

If you’re looking for technical due diligence help on climate companies, Cleantech Experts offers deep tech experts with practical experience on all cleantech topics, from hydrogen to fusion, for as little as 1 hour. Make better investments and get up to speed faster with our experts hailing from top cleantech institutions from Arpa-e to GoogleX.

More from Olya in future issues.

This weeks companies:

Company: Kettle

Founder: Daniel Rosenzweig

Raise Details: $2mm round (over 75% already committed and funded) on $8mm pre-money valuation

Vertical: SaaS, Future of Work

Business Model: SaaS

1-Liner: The platform enabling teams to thrive in hybrid work

Description: 90% of companies are shifting to hybrid work. 70% of these companies lack a system to manage it effectively. That's what we're here to fix. KettleOS is an easy-to-use hybrid management platform that empowers employees, managers and senior leaders with the actionable info they need to work together smarter in a hybrid world.

Traction Indicators: 

• Over 100,000 bookings already powered by KettleOS

• Working with top 5 global landlords, the largest private university in the US, and world's largest enterprise technology company.

• Sustainable ARR (contact for more details)

🌲🌿 Company: Iterant

Founder: Matthew Senesky

Founder email: [email protected]

Raise Details: Seeking $500,000 to fund expansion of our collection network across Northern California.

Vertical: Sustainability

Business Model: Marketplace

1-Liner: Iterant is eliminating single-use packaging at the source by providing packaging manufacturers with a viable reuse business model.

Description: Iterant is a B2B marketplace for packaging reuse. Independent buyers and sellers of reused packaging connect and transact on Iterant, and packaging manufacturers on the platform can receive royalty payments every time their products are transacted. These royalty payments provide manufacturers with profits from reuse that equal those from single-use, enabling a transition to a reuse business model.

Traction Indicators:

• Over 19,000 pieces of packaging collected

• Over 10,000 resold to date.

• Multiple enterprise clients

• 50%+ initial resale rate

That’s all for this week!

Jake