Lance

Company Overview

Snapshot

Founded in July 2018 by Oona Rokyta, Tom Reuveni, Oren Reuveni, and Gilad Uziely, Lance operated with 51–200 employees. The company raised $2.8M across four funding rounds, with its last disclosed funding occurring in May 2022 from Clear Future. Lance ceased operations in July 2023.

Business overview

Lance developed a mobile application designed to simplify financial planning and management for freelancers. The app allows users to consolidate expenses and paid invoices from various bank accounts and credit cards, categorize tax-deductible expenses, and gain insights into spending patterns through a centralized dashboard. It also facilitates direct information sharing with accountants or bookkeepers, serving the fintech and insurtech sectors, particularly targeting professionals and the gig economy in North America.

Strategic signal

Lance ceased operations in July 2023, indicating a complete halt to its business activities. This event signals a critical failure in its operational model or market strategy, leading to the discontinuation of its financial planning and management app for freelancers.

Company Intelligence Q&A

What is Lance's current operational status?

Lance ceased to operate in July 2023, indicating the discontinuation of its business activities.

When was Lance founded and by whom?

Lance was founded in July 2018 by Oona Rokyta, Tom Reuveni, Oren Reuveni, and Gilad Uziely.

What was Lance's total capital raised?

Lance raised a total of $2.8M across four funding rounds.

What was the focus of Lance's product?

Lance developed a mobile app for freelancers to manage their back office, financial decisions, payments, and tax refunds by consolidating expenses and invoices and providing forecasts and recommendations.