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How a 21-year-old CEO landed a $3.5 million seed round

How a 21-year-old CEO landed a $3.5 million seed round

  • Profitboss is a startup offering a free online ordering system for restaurants.
  • The company recently pulled in $3.5 million in seed funding in a round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, The Chainsmokers, Raise founder George Bousis, Tinder founder Sean Rad, and others.
  • Profitboss tracks user data in order to create customized ads designed to bring customers back to the restaurants it services.
  • The service is free for restaurant owners. It charges restaurant customers a $1.50 fee instead of taking a cut of financial transactions like other third-party delivery companies.
  • CEO Adam Guild, 21, started the business when he was 18 years old after creating its core software to help his mother’s struggling dog grooming business.
  • “Everyone in this life faces different sorts of challenges,” Redpoint partner Alex Bard told Business Insider, “and some people succumb to those challenges. And some people really thrive out of facing that adversity.” He added that Guild is one of those people that “really thrived.”
  • Visit Business Insider’s homepage for more stories.

Profitboss CEO Adama Guild is young, but that’s not a demerit. In fact, the 21-year-old’s boundless energy is one reason investors decided to pour millions into his retail tech startup.

His company Profitboss, which he founded at 18, recently scored a $3.5 million seed round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, DoNotPay founder Joshua Browder, Coder cofounder John Andrew Entwistle, The Chainsmokers, Raise founder George Bousis, and Tinder founder Sean Rad.

Guild describes his platform as “kind of like Shopify meets Salesforce, but specifically for restaurants.” The company provides online software for restaurants to take orders from customers, allowing them to build customer profiles. They can later send those customers

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