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Aryo Patel and Tinah Hong only engaged with three firms during Andera's Series A…

2026-07-20 · 18:32 UTC ·@ItzSuds ·0 min read

Brief

Aryo Patel and Tinah Hong announced Andera's $37M Series A led by Lightspeed and say they only spoke to three firms, all of which offered term sheets. They founded the company two years ago after 13 years of friendship, aim for $30 billion ARR in 10 years, and are recruiting for their financial-oversight startup.

Why it matters

Aryo Patel and Tinah Hong only engaged with three firms during Andera's Series A; all three offered term sheets.

Key details

  • Andera announced a $37M Series A led by Lightspeed; the founders say they started the company two years ago after 13 years of friendship.
  • Founders project Andera will reach $30 billion ARR in 10 years and are described by the author as 'almost always the smartest people in any room,' hardworking and reliable.
Source evidence

Aryo + Tinah only talked to 3 firms during the Series A, all 3 offered them a term sheet.

They're almost always the smartest people in any room, work harder than everyone, & always do what they say will.

They told me Andera will be a $30b ARR co in 10 years, I believe them.

Aryo Patel (@AryoPatel)

Today, @andera_ai is announcing our $37M Series A led by @lightspeedvp.

The advice to not go into business with friends is wrong. Two years ago, I founded with my friend of 13 years, @tinahhong. Obviously, I chose correctly.

Together, we’re solving financial oversight. Come join us.

— https://nitter.net/AryoPatel/status/2079238541994013083#m