Lotus (YC S22)

Automating custom usage-based pricing for businesses

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Security Type
Technology, Financial Services
Min Investment
San Francisco, CA
Expected Close Date
April 30, 2023
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Team of former quants from MIT
From first commit to launch in 3 months
$1m raised
3 design partners already secured

Management Team / Advisory Board Bios

Mikael Nida Co-Founder & CEOMikael graduated from MIT with two degrees in CS and Physics and has worked at a range of companies from D.E. Shaw to Lyft. He saw how efficient pricing models could be when paired with large amounts of data., Diego Escobedo Co-Founder & CTOGraduated from MIT in CS and Engineering. Previously at Google, Goldman Sachs, and Citadel. Sound foundation in ML research, algorithms, and systems.
Amount Raised : $958,109
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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