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Right Pedal is a venture capital organization founded in 2022, dedicated to modernizing financial services through strategic investments and co-incubation. The firm was established by a team of experienced professionals who have extensive backgrounds in market structure, regulation, product development, and go-to-market strategies. Their mission is to assist entrepreneurs with transformative ideas, bridging the gap between innovative concepts and market entry.
Currently, Right Pedal operates with a small but seasoned team, focusing on early-stage investments in FinTech companies, particularly in private markets. The firm has a unique hybrid model that combines traditional venture capital with a venture studio approach, allowing them to co-incubate companies through their Right Pedal Factory program. This program leverages a network of proven operators and domain experts to build high-quality, solutions-oriented businesses.
As of now, Right Pedal has one portfolio company, Right Pedal LendOS, which exemplifies their commitment to addressing structural and technological deficiencies in financial services. The firm is based in the United States and actively seeks to partner with founders who are proactive in solving industry problems.
Right Pedal primarily invests in early-stage FinTech companies, with a particular emphasis on those operating within private markets. Their investment strategy encompasses firms at various stages, from ideation through Series A, targeting those that address significant structural and technological deficiencies in financial services. The firm is particularly interested in companies that focus on lending, trading, and alternative investments.
The organization seeks partnerships with founders who demonstrate curiosity and a proactive approach to problem-solving. Right Pedal's investment thesis is centered around purpose-driven companies that aim to modernize financial systems through innovative technologies. They are committed to building long-term relationships with entrepreneurs who share their vision for transforming financial services.
Check sizes typically range from pre-seed to Series A, aligning with their focus on early-stage investments. Right Pedal's approach is characterized by a hands-on involvement in the development of their portfolio companies, particularly through their Right Pedal Factory program, which supports the inception and growth of high-quality businesses.
Right Pedal's portfolio currently includes:
As the only portfolio company, Right Pedal LendOS represents the firm's commitment to investing in innovative solutions that improve financial market operations. The firm is actively looking to expand its portfolio by identifying and supporting additional early-stage FinTech companies that align with their investment thesis.
John Olesky: Founder & Managing Partner. John has a background in financial services and has led various initiatives in market structure and product development. He is also the CEO of Right Pedal LendOS.
Steve Shyn: Founder & Managing Partner. Steve brings extensive experience in regulation and go-to-market strategies, contributing to the firm's focus on modernizing financial services.
Josh Herrera: Co-founder. Josh has a strong background in fintech and has been instrumental in developing the firm's investment strategy.
Emil Woods: Co-founder. Emil's expertise lies in product development and operational support, enhancing the firm's ability to assist portfolio companies.
Additional team members include a Tech Advisor, Sales Advisor, Domain Advisor, Industry Lead, Product Lead, and Program Lead, all of whom contribute to the firm's mission of building high-quality, solutions-oriented businesses.
To pitch Right Pedal, founders should use the contact form available on their website at rightpedal.io/contact. It is recommended to include a concise overview of the business, the problem it addresses, and the proposed solution. Founders should also outline their market strategy and any traction they have achieved.
Response times may vary, but founders can expect to hear back within a few weeks. Right Pedal prefers warm introductions, but cold outreach through their website is also accepted. A well-prepared pitch deck that clearly communicates the startup's vision and potential impact will increase the chances of a positive response.
Right Pedal Factory: This program is designed to build high-quality, solutions-oriented companies across various industries. It focuses on the inception and development of businesses, leveraging a network of proven operators and domain experts to support startups in their growth journey.
Eligibility for the Right Pedal Factory program typically includes early-stage companies in the FinTech sector that are looking for operational support and mentorship. Interested founders can apply through the Right Pedal website, where they can find more information about the program and its offerings.
In 2022, Right Pedal was founded and quickly established its presence in the FinTech sector. The firm co-incubated its first portfolio company, Right Pedal LendOS, which raised $3 million in a pre-seed round led by Liberty City Ventures. This investment highlights Right Pedal's commitment to supporting innovative solutions in the lending market.
As of 2023, Right Pedal continues to publish insights on investment and entrepreneurship through their website, showcasing their thought leadership in the FinTech space. The firm is actively seeking to expand its portfolio by identifying additional early-stage companies that align with their investment thesis.
What are Right Pedal's investment criteria?
Right Pedal focuses on early-stage FinTech companies, particularly those in private markets. They look for firms that address structural and technological deficiencies in financial services, with a strong emphasis on partnerships with proactive founders.
How can I pitch to Right Pedal?
Founders can reach out to Right Pedal through their website at rightpedal.io/contact. It is advisable to provide a clear overview of your business model, market opportunity, and how your solution addresses specific industry challenges.
What makes Right Pedal different from other VCs?
Right Pedal combines traditional venture capital with a venture studio model, allowing them to co-incubate companies through their Right Pedal Factory program. This unique approach provides portfolio companies with access to a network of proven operators and domain experts.
What stages do they invest in?
Right Pedal invests in companies at various stages, from pre-seed to Series A. Their focus is on early-stage firms that are in the ideation phase or have developed a minimum viable product.
What is the typical check size for investments?
While specific check sizes are not disclosed, Right Pedal targets early-stage investments, which typically range from pre-seed to Series A funding rounds.
What kind of support do they provide post-investment?
Right Pedal is actively involved in the development of their portfolio companies through the Right Pedal Factory program, offering operational support, mentorship, and access to their network of industry experts.
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