Check out the nine teams just showcased at Pear’s latest demo day – TechCrunch

TechCrunch has been covering demo days of seed-stage VCs Pear VC since 2015. (We are in the front row 2016, surrounded by investors, typing. )

Since then, some things have remained true. There are usually 10 or so companies present, and not many. Many top companies emerged, including from NEA, Lux Capital and Sequoia Capital. The energy in the room reflects that of Pear’s founders, Pejman Nozad and Mar Hershenson, who show year after year the cheerful demeanor that people are eager to win over you. (Of course, they are winning over investors; as we report On Friday, Pear appeared to be close to raising its largest ever fund. )

Notably, Pear’s terms for startups haven’t changed much over the years either.In exchange for 14 weeks of help, from product-market fit to go-to-market strategies teams should adopt, startups in the Pear Accelerator program give Pear the right to invest $500,000 to $750,000 per team, with a valuation cap of $10 million. Pear lets founders choose the check size. The founders who get $500,000 are essentially selling 5% of the company; those with bigger checks are selling even more.

Unlike Y Combinator, the larger and better-known accelerator, where startup participants at Y Combinator begin talking to investors almost the moment they are accepted into the program, Pear further seeks to protect its startups, Nozad said. No conversations with other investors after its demo day. He insists that while startups participate in its accelerator program, “we want to focus on building products and finding customers.”

Of course, some VCs can still get a sneak peek, in part by mentoring startups. For example, Upfront Ventures’ Mark Suster and Forerunner Ventures’ Kirsten Green help advise Pear’s latest cohort of companies.

For anyone else who missed this year’s Pear Demo Day, which took place in person last week at the costume’s new headquarters in Menlo Park, Calif. (Pear has taken over the former beer garden), we’re here to introduce the nine teams.


Spasios
What it can do: Marketplace for booking short-term space rentals for corporate events, conferences and productions
Founder: Borhevia (CEO), Joaquin Treceira (CTO)
was founded in: 2020
Headquarters: Barcelona, ​​Spain
court: It’s a market for booking short-term venues and spaces, Spathios said. Its platform is designed to enable businesses to host meetings and events in some of the most unique venues in the world. It also said it allows multiple stakeholders to manage bookings, collaborate across teams and simplify their accounting. The corporate events market is estimated at $600 billion, but the bulk of spending currently goes through hotels and convention centers; Spathios believes it can bring unique, untapped venues like museums, historic sites and even palaces online for the first time. It said it has partnered with big clients such as Condé Nast, Sony Music and Google.


fair street
What it can do: Software platform to support independent health insurance agents
Founder: Sarah Jacobson (CEO), Tori Seidenstein (CTO)
was founded in: 2021
Headquarters: San Francisco
court: FairStreet aims to help seniors get the right health insurance by providing a software platform that independent health insurance agents can use to run and grow their business. Clearly independent agents enroll 60% of seniors in Medicare, the fastest growing segment, and FairStreet is building what it describes as a full-stack software platform to cut their jobs in half and enable them to scale. As for traction, FairStreet says it has acquired 12 experienced Medicare agents over the course of two months, and it has 90 more on its waiting list. FairStreet gets a recurring commission paid by the insurance company every time one of their agents enrolls seniors in a health insurance plan.


gate tower
What it can do: Embedded payments and financial infrastructure for Latin American B2B companies
Founder: Verigina Folgero (CEO), Alejandro Quirno Laval (Chief Marketing Officer), Santiago Lorenzo (CTO)
was founded in: Late 2021
Headquarters: Argentina
court: Menta said its technology infrastructure enables B2B companies to offer their own payment and financial services to retailers in their ecosystem. It says its network also provides a network effect – customers have access to all retailers on the platform. The service has just launched, but its founders say it is already in use with three clients in Argentina and Mexico, and has signed 10 other agreements.


Pumbaa
What it can do: Fintech and Supply Chain Software for Microenterprises in Commodity Supply Chains
Founder: Joann de Zeger (CEO), JK Met Valley (CTO)
was founded in: Late 2021
Headquarters: Montreal, Quebec
court: PemPem is building mobile supply chain management software for microenterprises in commodity supply chains. They built a mobile platform that provides full-stack financial and business solutions to the 500 million micro-enterprises that produce and trade $2.7 trillion in global goods annually. With PemPem, micro-enterprises can discover prices, obtain supply chain financing for inputs and, it said, be able to trade their wares through PemPem’s marketplace.​​​ It says 5,000 monthly active businesses are already using PemPem’s price discovery products. Its marketplace will launch this summer.


nose
What it can do: Pet Membership Health Care Plan
Founder: Emily Dong (CEO)
was founded in: 2020
Headquarters: San Francisco
court: Snout is working on a comprehensive health plan for pets to address what it says is a huge market demand for it. According to Snout, there are 200 million pets in the U.S., and 47% of pet owners report pet-related debt. Only 2% of these pets are insured because pet insurance doesn’t cover everyday expenses – only paid in the event of a catastrophic event – and veterinary clinics want to help pets and ease the financial burden on pet parents as relatively small, cash-based Businesses, they struggle to defer revenue. Snout’s solution is to provide veterinary practices with funding and software to make healthcare programs for veterinarians and pets financially viable. It’s launching this month, and it says it already has a waitlist of customers representing $1 million in annual recurring revenue.


deduce
What it can do: Help software teams build products faster by automating design code
Founder: Robert Norwell (CEO), Caleb Owlett (CTO)
was founded in: 2020
Headquarters: San Francisco
court: Rendition is an artificial intelligence assistant for building user interfaces from designs. Why is this important? The team says its product is five times faster than writing code by hand. Since its launch last month, Rendition has attracted 5 customers and has $10,000 in monthly recurring revenue; the plan (naturally) is to capture $100 billion a year by automating the more than 1 billion developer hours put into UI development each year More share of the front-end development market in dollars.


supercharged
What it can do: stablecoin payment infrastructure for web3
Founder: Ben Gusberg (CEO), Jim Cheng (CTO)
was founded in: Late 2021
Headquarters: Stanford, California
court: Supercharge builds stablecoin payment infrastructure for web3, allowing developers and merchants to access the $5 trillion stablecoin market. In fact, it provides developers with simple APIs to accept stablecoins in minutes, it said. Supercharge will launch next month on the Binance, Polkadot and Polygon ecosystems; (unhumbly? commendable?) The goal is to be the base layer that brings all web3 seamlessly into the mainstream.


overtake the truck
What it can do: Vertical SaaS Platform Provides Workflow Automation, Smart Data and Embedded Financial Solutions for SMB Freight Companies
Founder: Hans Garland (CEO), Xie Paul (Chief Operating Officer)
was founded in: 2019
Headquarters: San Mateo, California
court: BeyondTrucks is building a vertical SaaS platform for SMB trucking companies to make growing their business easier. They focus on providing freight companies with workflow automation, intelligent data and embedded financial services to help them build their businesses in a more data-centric way. The company is chasing what it says is a $1.7 trillion fleet payment market and says it is seeing traction. Launched in January, the company claims to have serviced 45 fleets and 280 trucks.


nerve health
What it can do: Virtual neurology clinic for patients with neurological disorders
Founder: Elizabeth Burstein (CEO), Samir Madan (CTO)
was founded in: 2020
Headquarters: New York
court: Neura Health is a virtual neurology clinic with a mission to improve access and quality of neurology care: increase convenience, improve outcomes, and reduce costs. The agency said there is a severe shortage of neurologists in the U.S., resulting in wait times of up to six months. Meanwhile, Neura Health’s platform connects patients with neurologists through built-in neurology-specific symptom monitoring and condition-specific diagnostic tests. Patients also receive a mobile app with a dedicated concierge service to ensure all their care needs are met, creating (hopefully) a productive patient-provider relationship. Notably, the company’s long-term vision is to find a cure by learning from each neurological patient’s experience.

Above: Pejman Nozad and Mar Hershenson talk to guests last week at Pear Demo Day in Menlo Park, California.