Honeycomb Credit, Contentfly, Transak, Slapdash, Even — March 22th, 2021
We see about 5,000 startups each week, and I want to give you a glimpse into how we at e.ventures 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.
Honeycomb Credit
EVA Growth Index:
Product:
Crowdfunding platform to have customers fund loans of their local businesses
Lead Investors:
Angels
Total Raised:
$3M
Comparables:
TheSMBX, Fundable
My Thoughts:
The major unlock in my mind here is that consumers have personal relationships with their local businesses that for better or worse will provide the business with a cheaper cost of capital, which makes Honeycomb Credit a no-brainer for local businesses to adopt.
ContentFly
EVA Growth Index:
Product:
On-demand content writing as a service
Lead Investors:
Angles
Total Raised:
Undisclosed
Comparables:
Writer Access
My Thoughts:
We at e.ventures love the idea of outsourcing anything non-core to a business value generation engine. Content marketing is usually one of these functions better to be outsourced in our eyes, so a platform like ContnetFly makes all the sense in the world to us.
Transak
EVA Growth Index:
Product:
Fiat-to-crypto payment gateway that streamlines the process of buying and selling cryptocurrency within any DeFi applications
Lead Investors:
LuneX Ventures, The LAO, IOSG Ventures, ConsenSys, Koji Capital, Mask Network
Total Raised:
$810K
Comparables:
Stripe, Coinbase
My Thoughts:
I see a world where this becomes the Stripe of the DeFi space, so if you believe in DeFi you should believe in Transak.
Slapdash
EVA Growth Index:
No external sources showing growth
Product:
Productivity tool that creates a unified interface across the cloud applications of a knowledge worker
Lead Investors:
UP2398, TwentyTwo VC, Quiet Capital, Quarry Ventures, S28 Capital
Total Raised:
$4M
Comparables:
Shift, Station
My Thoughts:
We have taken a deep dive into the cloud-productivity tool space and see a massive market opportunity ahead. The mass-market product-market fit for this space seems to be more art than science here, with it all about building a UX that is applicable to the largest possible audience.
Even
EVA Growth Index:
Product:
D2C pill brand that replenishes the nutrients a consumer’s medication depletes
Lead Investors:
GAN Ventures, Spring St. Group, Align Ventures
Total Raised:
$2M
Comparables:
N/A
My Thoughts:
The number of tablets we will swallow as mankind will only increase, so if Even finds a way to significantly reduce the side-effects of this medication, this is an incredibly compelling value proposition.
Hi, I am Nicolas von Blottnitz, an Associate at e.ventures’ SF office focusing on Consumer, Fintech, and SaaS business. Since joining the firm in 2018, I have led our investments in Codota, Polygon, Flockjay, Wise, 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.
