Jan 10, 2022
CryptoSlam, Labrador, Zeet, Lottie, Pictory — 10th of January 2021
We see about 5,000 startups each week, and I want to give you a glimpse into how we at Headline think about trending tech companies and tracking new investment opportunities. In this post, I’m highlighting top tech companies that have announced or raised a seed round within the past week.
CryptoSlam
EVA Growth Index:
Product:
Digital platform that provides pricing and exchange/purchase data for NFTs
Lead Investors:
Animoca Brands
Total Raised:
$9M
Comparables:
CoinMarketCap, DappRadar
My Thoughts:
I am pretty bullish on NFTs in the sense that they provide greater value than traditional tokens for consumers. CoinMarketCap was acquired by Binance for $400M in April 2020, with the market being exponentially large since then, I see the ability for a far great outcome for CryptoSlam.
Labrador
EVA Growth Index:
Product:
Robotics company that creates assistive robots for consumer homes, with their first product being a self-driving and adjusting trolley, the golden retriever
Lead Investors:
Amazon Alexa Fund, iRobot Ventures, SOSV
Total Raised:
$5M
Comparables:
iRobot (Roomba)
My Thoughts:
First of all, the golden retriever, exceptional name. I recently got a Roomba and can’t imagine living without one ever again. It’s like AirPods, you’ll never look back. I totally see the ability for Labrador to create a similar experience with their product.
Zeet
EVA Growth Index:
No external sources showing growth
Product:
Integrated DevOps environment that lets developers focus on building product not stitching different platforms or micro-services together
Lead Investors:
Race Capital
Total Raised:
$2M
Comparables:
Harness.io
My Thoughts:
In the age of software products being one great accumulation of micro-services, it only makes sense to also automate the way you stitch these together. Incredibly smart and timely approach by the Zeet team.
Lottie
EVA Growth Index:
No external sources showing growth
Product:
Discovery marketplace and concierge service for finding a care home in the United Kingdom
Lead Investors:
Kindred Capital, Tom Blomfield
Total Raised:
$4M
Comparables:
N/A
My Thoughts:
If you have gone through the process of finding a care home for a loved one, you understand what a struggle it is and how nice it would be to have a service like Lottie to help you.
Pictory
EVA Growth Index:
Product:
AI-enabled SaaS platform that converts video and text content into short branded videos for social media
Lead Investors:
FUSE
Total Raised:
$2.1M
Comparables:
InVideo, Lumen5
My Thoughts:
A video is 6X more like to be reposted on social media than a photo. That is the simple reason why businesses need a solution like Pictory, to create highly engaging assets for social media by leveraging their existing content without any additional efforts.
I am Nicolas von Blottnitz, an Associate at Headline’s SF office focusing on Consumer, Fintech, and SaaS businesses. Since joining in 2018, I have led our investments in Grin, Trellis, Solid, Polygon, Flockjay, and Tabnine.
What is the EVA Growth Index?
The EVA Growth index is a composite of third-party data sources around a company’s website traffic. The vertical green lines in the charts represent a point in time where the company raised outside capital.
