Quild #54: Silo

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

Silo is a cloud-based online platform that enables customers to buy and sell wholesale produce, protein, dairy, and shelf-stable food in minutes. Its platform features automatic inventory, accounting, routing and logistics, and analytics on purchases, sales, customers, vendors, and products. Whether users buy food products, sell food products, or both, Silo provides tools to help them automate their operations and manage more relationships across the supply chain.

Active Founders: Antonio, Ashton (CEO)

Signals:

1. Repeat founder

   1. Antonio founded C&M Salud, a marketing agency

   2. Ashton was on the founding team of Kite.com

2. Venture-backed experience

   1. Ashton and Antonio worked at Kite.com (funded by Trinity Ventures)

3. Top university alumni

   1. Ashton graduated from University of British Columbia and/or National University of Singapore

4. Fast team growth

   1. Grew 2.3x YoY to 76 employees

   2. And hiring more

5. Accelerated financing

   1. Founded in 2018, announced seed in 2019, series A in 2020, series B in 2021

6. Midas list investors

   1. a16z led series A

   2. Initialized Capital led seed

Till tomorrow, Kenn