Sillwright for LANYARD VENTURES

Tap through the company before you own a fifth of it.

Sillwright keeps the record of every furnace, water heater and warranty in 41,000 homes, then books a vetted trade in two taps. This is our Series A, built as the app, for Lanyard Ventures.

$9,000,000Series A raise
$36MPre-money valuation
20 percentAt a full lead check
Preferred1x, non-participating
Prepared for Simone, Kofi, Ruth and BastianNovember 2026

Your three tests for a marketplace, answered in our numbers.

From the consumer thesis Simone sent us in September

The second transaction should cost less than the first. Both sides should come back on their own. And the company should hold a record nobody else has.

Lanyard Ventures, consumer and marketplace thesis

1

Does the second job cost less than the first?

A home's first booking costs us $88 to win. Every booking after that costs nothing, because the furnace already told the app it's due and the homeowner taps once to confirm.

71 percentof jobs come from homes that booked before
$0to win a repeat booking
2.9jobs a home books each year after month six
2

Do both sides come back on their own?

Homes come back because the app reminds them before something breaks. Trades come back because every job arrives with the model, serial and service history attached, and they're paid in two days.

61 percentof homes still active a year after signup
3,140vetted pros in four metros
84 percentof pros still taking jobs a year later
3

Is there a record nobody else has?

Every label scan, warranty and finished job is filed against the home, so the record follows the house when it's sold. Nobody else holds the appliance file for 41,000 homes, kept current by the people who live in them.

2.3Mappliance, warranty and service records
1 in 3homes found a warranty they didn't know about
118,000jobs booked since launch

One home's first year in the app.

14 Larch Way, from the move-in scan to the fifth booked job. Keep scrolling.

    1systems on file
    0jobs booked
    $0saved by the record

    Homes stay, and every new cohort pays back faster.

    Monthly signup cohorts, January 2025 to April 2026. Active means booked a job or kept Home Plus in the last six months.

    Pick any signup month, including the worst one. The curve shows how many of those homes are still with us, and the line below shows when the money spent winning them came back.

    March 2025signups
    Paid back
    active at month 12
    to win one home
    earned per home so far

    Nine million dollars, spent where you can watch it.

    $9,000,000 Series A Preferred at a $36,000,000 pre-money valuation. The raise stays fixed. What it buys is yours to test.

    Turn a line off and its money moves to reserve. Runway grows, the milestones that line paid for fall off the roadmap, and the Series B checklist tells you what you gave up. The roadmap screen on the phone redraws with every change.

    24months of runway
    100,000homes by month 24
    $9,000,000allocated

    Series B ready

      Your check, and what it owns.

      Pro forma, fully diluted, at $2.00 a share

      Lanyard can take the whole round or share it. Whatever Lanyard doesn't take, our seed investors have agreed to fill at the same price, so the round closes at $9,000,000 either way.

      $9,000,000
      Lanyard's check

      Before the round 16,650,000 shares

      After the round 22,500,000 shares

      Why now, and why these three?

      SFor Simone, lead partnerShe takes the board seat, so she's choosing the people first

      Two things changed in 2025. Our label scan got good enough to read a furnace plate in under two seconds, and two of our insurer pilots started asking for the Sillwright record at renewal. Bookings have grown every quarter since.

      Jobs booked, quarter by quarter

      Tap a quarter to see what the team shipped and what it did

      OdessaChief executive

      Ran field operations for a regional home-warranty business with 600 technicians. Knows what a callback costs.

      WenChief technology officer

      Built the label-reading model from 40,000 photographed rating plates. Ships weekly.

      MarcusChief operating officer

      Owned a heating and plumbing company for eleven years. Recruits the trades because he was one.

      How do the trades stay?

      KFor Kofi, marketplace partnerSupply is where he's seen home marketplaces fail

      We charge pros nothing to join and nothing for leads. We take 12 percent of a finished job and pay out in two days. The job file arrives before the pro does, so first visits fix things.

      Pick a trade

      Supply figures for the four live metros, trailing twelve months

      What does a home earn, and when does it pay back?

      RFor Ruth, finance partnerShe'll rebuild this model either way, so here are the inputs

      A home earns us two ways, 12 percent of every booked job and $8 a month from homes on Home Plus. Move the inputs and the payback redraws. Our figures are where the sliders start.

      Unit economics for one home

      Starts at the trailing twelve months for the four live metros

      earned per home each year
      three-year value to cost
      to pay back one home

      What happens in the first 100 days after the money?

      BFor Bastian, platform partnerHe runs the team that shows up after the wire

      Here's the plan from the day the round closes. Tick what Lanyard's platform team takes on and the plan tells you what that frees our team to do.

      The first 100 days

      Tick a line to hand it to Lanyard's platform team

      Five warning lights, and what the money does about each.

      The same way the app tells a homeowner something needs attention, early and plainly

      The next 24 months, quarter by quarter.

      Funded milestones from the round you built above. Struck lines are the ones you turned off.

      Book the round.

      The terms, the data room, the diligence calendar and one button

      Term summary

      What the term sheet will say, in plain words

      Data room

      Tick what your team has reviewed

      Diligence calendar

      November 16 to December 11. Tap a day.

      Open questions

      What isn't settled yet, stated plainly

      Where the pool top-up sits

      Our draft puts the 1,350,000-share top-up inside the $36M pre-money. If Lanyard wants it post-money, the price per share moves and we'd like to talk before the term sheet.

      The second board seat

      The board is three today. A lead check of $6M or more adds Lanyard's seat. Whether an independent joins at five is open.

      Pro rata for the seed investors

      They've agreed to fill any part of the round Lanyard doesn't take. Their pro rata in the Series B is still being drafted.

      Confirm the booking, and the term sheet is on its way.

      One tap sends Odessa the request. Sillwright's counsel turns the term sheet within 48 hours, and the diligence calendar above starts the Monday after.