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Varnum Represents Grand Ventures in Two Financing Rounds for SaaS Companies

November 21, 2022

Grand Rapids-based venture capital firm Grand Ventures recently participated in an $8.7 million seed round for medZERO, a digital platform that provides solutions for medical debt, and was the lead investor in a $3 million seed II capital raise for iink Payments, a digital payment and endorsement management platform. Varnum represented Grand Ventures in both deals.

MedZERO is a Portland, Oregon company that offers individuals an alternative to carrying medical debt on credit cards. Administered by employers, the platform allows employees on-demand access to funds to pay out-of-pocket healthcare expenses over time, at zero interest and with no fees. iink Payments is a digital payments network that expedites the disbursement of funds associated with multi-party property insurance claims.

The Varnum corporate team of Pete Roth, Matt Maltz and Matt Shina worked on both matters, negotiating and drafting the transaction documents and providing due diligence in connection with the investments.

Grand Ventures, launched in 2017, invests in early-stage companies building innovative B2B software-as-a-service businesses, with particular interest in digital health, devops, supply chain and logistics, and fintech solutions.

“It was a pleasure working with the Varnum team,” said Grand Ventures Managing Partner Tim Streit. “Their knowledge and experience was very beneficial and they were able to turn things around under a tight time frame.”

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