About Passthrough
Passthrough is a company based in Middletown (United States) founded in 2002 by Alex Laplante, Benjamin Doran, and Tim Flannery was acquired by iCapital in February 2026.. Passthrough has raised $15 million across 2 funding rounds from investors including Okta, iCapital and Positive Sum. Passthrough offers products and services including Electronic Subscription Documents, KYC/AML Service, and 31 CFR Compliance. Passthrough operates in a competitive market with competitors including Vauban and Rivver, among others.
- Headquarter Middletown, United States
- Founders Alex Laplante, Benjamin Doran, Tim Flannery
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Products & Services of Passthrough
Passthrough offers a comprehensive portfolio of products and services, including Electronic Subscription Documents, KYC/AML Service, and 31 CFR Compliance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates creation and management of subscription documents for funds.
Screens beneficial owners and manages anti-money laundering compliance.
Handles regulatory requirements for fund compliance programs.
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Funding Insights of Passthrough
Passthrough has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(15 Feb 2022)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Passthrough | Valuation | Positive Sum | |
| Feb, 2022 | Amount | Series A - Passthrough | Valuation | Positive Sum |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Passthrough
Passthrough has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Okta, iCapital and Positive Sum. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in early stage and later stage gaming companies
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage companies and entrepreneurs.
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Founded Year | Domain | Location | |
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Tech focused early-stage micro VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Passthrough
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Passthrough
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Passthrough Comparisons
Competitors of Passthrough
Passthrough operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vauban and Rivver, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A portfolio management platform for private market investments is offered.
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| domain | founded_year | HQ Location |
Securities issuance and fund administration platform is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Passthrough
Frequently Asked Questions about Passthrough
When was Passthrough founded?
Passthrough was founded in 2002 and raised its 1st funding round 20 years after it was founded.
Where is Passthrough located?
Passthrough is headquartered in Middletown, United States.
Who is the current CEO of Passthrough?
Benjamin Doran is the current CEO of Passthrough. They have also founded this company.
Is Passthrough a funded company?
Passthrough is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Feb 15, 2022.
What does Passthrough do?
Passthrough was founded in 2002 in Middletown, United States, focusing on solutions for private fund administration. Tools for documentation, execution, regulatory compliance, workflow management, and account validation are provided to support attorneys, investors, and general partners. Communications across the network are streamlined to enable submission of subscription contracts, with operations centered on automating fund closings in the financial services sector.
Who are the top competitors of Passthrough?
What products or services does Passthrough offer?
Passthrough offers Electronic Subscription Documents, KYC/AML Service, and 31 CFR Compliance.
Who are Passthrough's investors?
Passthrough has 15 investors. Key investors include Okta, iCapital, Positive Sum, Motley Fool Ventures, and Broadhaven Ventures.