Kumospace, Causal, Copysmith, Per Diem, RentRedi — April 26th, 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.
Kumospace
EVA Growth Index:
Product:
Immersive video chat platform that lets users join conversations by moving across virtual rooms
Lead Investors:
Boldstart Ventures
Total Raised:
$6M
Comparables:
Clubhouse, Gather
My Thoughts:
No one has quite solved video-call-enabled digital rooms, a concept that seems too obvious for it not to exist. I really like Kumospace’s initial approach to the opportunity and see a ton of features they can add down the line.
Causal
EVA Growth Index:
Product:
Low-code web-based spreadsheet and data-visualization software
Lead Investors:
Accel
Total Raised:
$8M
Comparables:
Google Sheets
My Thoughts:
I absolutely despise Google Sheet’s charting and UI but love the fact that it is web-based. Causal takes the friction out of processing and visualizing data in an even more low-code way compared to Excel/Google Sheets and the charts are beautiful.
Copysmith
EVA Growth Index:
Product:
AI-powered content marketing generator
Lead Investors:
Harmony Venture Labs
Total Raised:
$10M
Comparables:
Contentfly ,Contilt
My Thoughts:
Natural Language Processing (NLP) is reaching a stage where it is starting to become seriously useful and Copysmith is a perfect example of it, as it automates the methodological, and repetitive tasks of SEO-friendly content generation. This will be a must-have tool for any SEO-conscious organization in the future.
Per Diem
EVA Growth Index:
No external sources showing growth
Product:
Fintech platform that enables local business to turn add subscriptions to their offerings
Lead Investors:
Two Sigma Ventures
Total Raised:
$2.3M
Comparables:
N/A
My Thoughts:
Subscriptions create the symbiotic relationship between a business and its customers, as it usually means better value for money for power-users and predictability in cash flows for the business. Per Diem unlocks this model to local businesses, which is seems like a no-brainer to me.
RentRedi
EVA Growth Index:
Product:
End-to-end landlord management software
Lead Investors:
Tribeca Early Stage Partners
Total Raised:
$5M
Comparables:
Appfolio, Zumper
My Thoughts:
It is kind of ridiculous how in one of the most tech-forward cities, San Francisco, I am still paying my rent via paper check and have to manage/sign a bunch of paper-based documents. RentRedi is by no means the first player going after this problem, but it is such a big TAM that there will probably a few regional winners globally.
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 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.
