Source: CNBC
Summary
Pillar, a startup, has raised $12.5 million in funding from investors including a16z, Uber CEO Dara Khosrowshahi, Crucible Capital, and Gallery Ventures. The funding will be used to develop the company’s platform. Pillar aims to help users manage their subscriptions and recurring payments. The company plans to use the funding to expand its team and improve its product.
Our Reading
The announcement sounds ambitious.
Pillar raises $12.5 million to help users manage their subscriptions. Because what we really needed was another platform to manage our subscriptions. The company’s investors include a16z, Uber CEO Dara Khosrowshahi, and others. Because nothing says “innovation” like another subscription management tool. Pillar plans to use the funding to expand its team and improve its product. Because that’s exactly what we need, more employees working on yet another subscription platform.
Author: Evan Null
