Fathom, LineLeap, Maya Eats, Dashfi, PredictionStrike— 13th September, 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.
Fathom
EVA Growth Index:
Product:
Zoom add-on that lets a user highlight noteworthy moments in a call, take notes within the Zoom interface and transcribes the conversations while integrating directly into top CRMs
Lead Investors:
Zoom
Total Raised:
Undisclosed
Comparables:
Avoma, Otter AI, Firefiles
My Thoughts:
The product looks beautiful and with Zoom leading the Seed round, this should be one to watch
LineLeap
EVA Growth Index:
Product:
Consumer app that lets a user skip the lines, order drinks, and reserve tables at clubs/bars across the US
Lead Investors:
Undisclosed
Total Raised:
$8M
Comparables:
N/A
My Thoughts:
I am actually baffled that this does not exist yet. The network effects this app can generate should enable it to build a huge category-owning business.
Maya Eats
EVA Growth Index:
Product:
Platform that creates a virtual brand for a local restaurant based on local competitive dynamics, consumer demands and the restaurant's menu to increase online ordering
Lead Investors:
Undisclosed
Total Raised:
Undisclosed
Comparables:
Ordermark
My Thoughts:
Restaurants have relatively large fixed costs and low variable costs (high gross margins), which makes any incremental revenue key to profitability. I like how Maya enables local restaurants to be the owner of their virtual brand and not just become the ghost kitchen for an existing one like in Ordermark/Nextbite’s model.
Dashfi
EVA Growth Index:
No external source showing growth
Product:
Virtual card for businesses that lets them earn 3% on their digital ad spend
Lead Investors:
Undisclosed
Total Raised:
Undisclosed
Comparables:
Brex, Clearbank
My Thoughts:
This is the highest cashback on ad-spend I have come across. I like how Dashfi’s model could act as a Trojan horse of getting access to a business ad-spend to start giving out credit/loans against it and turn into a Clearbank model — smart!
PredictionStrike
EVA Growth Index:
Product:
Virtual gamified stock market for NFL and NBA athletes
Lead Investors:
New Age Capital, MaC Venture Capital
Total Raised:
$1.7M
Comparables:
SoRare, NBA Topshots
My Thoughts:
Stock trading is somewhat of a gambling game to most retail traders, so it totally resonates with me to take the model and apply it to something most US consumers relate a lot closer to — sports.
Hi, 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 Tabnine, Polygon, Flockjay, Solid, and Grin.
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.
