Customer story · Kestrel Bio
After its Series B, Kestrel Bio wanted its cash spread across banks and earning while the lab spends it down.
Kestrel Bio develops enzymes for industrial recycling. A lab burns cash in a straight line, so Priya Raman's job is to keep it safe and working until the next milestone.
Kestrel's operating cash sits in the Larch sweep network, spread across 20 partner banks for up to $5M in FDIC coverage. The rest is in Treasury, in government money market funds.
“I can tell the board exactly where every dollar is and how it is protected, on one page.”
Kestrel runs its research and its manufacturing as separate companies. On the Scale plan both are in one Larch login, with their own accounts, cards and approval rules.
Open an account in about ten minutes.