Portfolio Spotlight: Introducing Fazeshift!
Fazeshift is a complete AI solution for enterprise invoicing and accounts receivable
Caitlin (HBS ‘22) and Timmy (HBS ‘22) are two rockstars and the founders of Fazeshift—a complete AI solution for enterprise invoicing and accounts receivable.
Harvard Community: If you know of any CFOs or VP/Directors of Finance or Accounting who may be interested in learning more about Fazeshift’s solution, please do reach out to Caitlin (Fazeshift’s Co-Founder & CEO at caitlin@fazeshift.com).
Meet Caitlin Leksana (HBS ’22) and Timmy Galvin (HBS ’22), the founders of Fazeshift—a complete AI solution for enterprise invoicing and accounts receivable.
Caitlin, a former consultant at BCG, and Timmy, a Nuclear Submarine Officer in the US Navy with a CS degree from MIT, first met as section-mates at HBS. Initially, they teamed up to build a crypto startup, but after experiencing firsthand the pain of invoicing, they pivoted a year and a half into their journey and skipped graduation festivities to launch Fazeshift and raise their first round of capital.
Today, businesses spend over $200B annually to manage invoicing and accounts receivable as large teams spend hours daily completing manual tasks. Tomorrow, businesses will use AI (Fazeshift!) to completely automate these processes.
Since launching, Caitlin and Timmy have already worked with customers to completely automate invoicing and accounts receivable workflows that used to take a team of 12 people!
After HBS, Caitlin and Timmy were accepted into YC’s Summer 2024 batch. At YC, they were supported by their Group Partner, Garry Tan, who also serves as the President of YC. When asked about the best lesson they learned during the program, their answer was simple: “The YC tagline says it best: Make something people want.” It may seem antithetical to HBS, but we learned not to overthink things like competition, business models, margins, or distribution. Instead, we focused on talking to customers and building something they want.”
Having graduated from YC S24, Fazeshift has gained incredible momentum and recently announced their $4M Seed Round led by Gradient Ventures, Google’s dedicated AI fund, to accelerate growth! At Phoenix Fund, we’re privileged to be part of their journey.
When asked how HBS prepared them for their entrepreneurial endeavors, Caitlin and Timmy emphasized the people. They shared, “LTV! I cannot state how helpful LTV and Jeff Bussgang were, especially in the early stages. Entrepreneurial Finance with Jim Matheson was also incredible—I still use what I learned in that class all the time. And a huge thank you to Jeff Rayport and Rob Biederman for bringing in so many great speakers to Scaling Tech Ventures and giving us feedback, even in the earliest days.”
Harvard Community: Caitlin, Timmy, and the Fazeshift team could use your support for customer introductions! If you know any CFOs or VP/Directors of Finance or Accounting, please reach out.
As Caitlin and Timmy shared, “Many of our existing clients are Harvard/HBS alumni. This community has been so amazingly generous—it’s incredible what the Harvard/HBS network can do.”
If there’s anyway you can be helpful to Caitlin or Fazeshift, please reply to this email and/or contact Caitlin directly at caitlin@fazeshift.com.
About Phoenix Fund
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As always, thank you for your support 🚀
— Devon Triplett, Phoenix Fund