10 years ago

Lystable Raises $1.5 Million Seed Funding Led by Valar Ventures

  • Lystable, a UK-based startup that has built a cloud-based workflow management platform for simplifying supplier and freelancer management, has secured $1.5 million in seed funding led by Peter Thiel's Valar Ventures

  • Other investors include Backed, Playfair Capital, Mark Evans, Richard Fearn, Guy Podjarny, Courtney Grant, and Leila Rastegar Zegna

  • This brings Lystable's total seed funding to $2 million

  • The company aims to replace legacy software and processes with a single platform for managing supplier and freelancer relationships

  • Lystable offers businesses the ability to organize suppliers and freelancers, attach documents, add projects, rate and rank them, and have internal discussions

  • The platform integrates with Gmail, Slack, Dropbox, and Drive

  • Lystable has a freemium business model and is currently in closed beta with three enterprise customers.

      • ProblemTechnology

      "Businesses struggle to manage their relationships with suppliers and freelancers using a mix of legacy software and processes, leading to inefficiencies and difficulties in tracking performance and communication."

      Solution

      "Lystable offers a cloud-based workflow management platform that streamlines supplier and freelancer management by providing a central hub for communication, project tracking, performance rating, and data aggregation. It integrates with existing tools like Gmail, Slack, Dropbox, and Drive, offering a user-friendly and efficient solution for businesses to manage their external workforce."

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