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Showing posts from April, 2020

#16/2020

“I have a theory that things work out in the end, and that if things aren’t working out, it’s not the end.”
Deals Swedish startup Bokio bags €7.4 million and merges with Stockholm-based competitor Red Flag (tech.eu)
AI-based accounting tool for small businesses and freelancers, has raised €7.4 million in funding from existing investors and merged with Stockholm-based competitor Red Flag.Two companies will merge all assets, people and customer contracts, creating a team of 80 and a combined user base of 80,000 across Sweden and the UK.Opinion: This is quite a small investment round if we take into account €3.1M raised in seed in 2017 from Creandum and then €4M in Series A in 2019.
Opera Event closes $5M Series A for its esports-focused influencer platform (techcrunch.com)
Opera Event sits between the team, its community and capital sources (brands), helping make everything click.Opera Event wants to add more niches to its stable. Its founder mentioned yoga as an example. Where there are i…

#15/2020

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“No one wants to give us capital because we have all destroyed capital and created economic waste.”
- Scott Sheffield, of Pioneer Natural Resources
Deals Sprout.ai raises $2.5M to speed up insurance claims (techcrunch.com)
Sprout.ai has developed AI-based software that it says enables insurance claims to be settled within “just 24 hours”. Specifically, it uses natural language processing and optical character recognition to understand unstructured insurance claim data.“Currently the average claims settlement time in the U.K. is 25 days. This is mainly caused by a lack of information at the start of the claims journey and a lot of manual touch points throughout the journey. This causes two problems: bad customer experiences and high operational costs for claims teams”.
Serverless Monitoring Platform Dashbird Raises $2.1M From Leading Global Investors (foundme.io)
Founded in 2017, Dashbird, is a monitoring and intelligence platform for operating serverless applications on AWS.The investmen…

#14/2020

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“One of the weird side effects of 100% remote work is that we lose the signalling and "seriousness" of business travel as a way to confer priority and legitimacy. It's much harder to buy your way into someone's schedule now.”
- Alex Danco
Deals Vela Games raises $3.1M for player-first co-op games (venturebeat.com)
This current round will accelerate delivery of the studio’s first title, a unique new genre of gameplay Vela is calling Multiplayer Online Co-Operative, or MOCO for short.One of three founders explains: Players want to play with their friends, which adds a social element. Secondly, players really aspire to master or improve their skills and abilities. So they want these deep, meaningful mastery curves that they can sink hours into and continually get better and feel like they’re getting better. And then finally, the third core motivation is to feel good to achieve things that are meaningful.Opinion: The gaming industry is shifting to much broader audience by…

#13/2020

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“We live in the age of Performative Reading. Consuming as many books as possible has become a competitive sport for knowledge workers who want to show off their intellectual curiosity. To do so, they race through books like they’re collecting mushrooms in Super Mario Kart.”
- David Perrell
Deals Kaizo raises $3M for its AI-based tools to improve customer service support teams (techcrunch.com)
Dutch company which uses AI and gamification to help agents track how they work and to work better towards goals. Kaizo understands which behaviors in customer service tickets lead to better outcomes for customers and then guides agents to replicate that using ongoing game mechanics. Seed round co-led by Gradient (Google’s AI venture fund) and French VC Partech. Christoph Auer-Welsbach, a former partner at IBM Ventures, is joining the company as a co-founder.Presto: We are currently looking at this sector as we believe it will achieve boom with increasing digitalization of services. Current situat…