Let’s Enhance, Vitable Health, Atlys, Coefficient, Moralis–1st November, 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.
To start, some news out of the Headline portfolio:
AI-enabled state-court data as a service provider Trellis raises a $14M Series A led by Headline. I have been watching this business in EVA for almost two years, just crushing it from an organic traffic perspective which usually speaks for exceptional bottoms-up SaaS execution. Today we are absolutely thrilled to be partnering with Nicole and Alon and only see big things to come here!
Industrial grade spare part management solution Sparetech partners with Headline in their latest Seed round. There are over $69B in spare parts lying around in Germany alone and it took two ex-Porsche employees, Martin Weber and Dr. Lukas Biedermann, to build software to manage this inventory with a digital-first approach. Excited to have them part of the Headline family — let’s do this!
Lastly, see our EU team’s landscape on the tools that enable Restaurants to operate independently in the digital era >>here
Now to the most exciting companies that announced a Seed round in the past week.
Let’s Enhance
EVA Growth Index:
Product:
AI-enabled editing software that increases image resolution without compromising image quality
Lead Investors:
Chamaeleon
Total Raised:
$3M
Comparables:
Gigapixel AI
My Thoughts:
Incredible EVA traction for a Seed stage company. It looks like they have built a truly unique product that is really resonating with the market.
Vitable
EVA Growth Index:
Product:
Primary care platform for hourly workers starting at $89 per month
Lead Investors:
First Round Capital
Total Raised:
$9M
Comparables:
American Worker
My Thoughts:
There are ~44M hourly workers in the US today, out of which most are under catered to from a healthcare perspective. Pretty simple to see why this is a massive market opportunity.
Atlys
EVA Growth Index:
Product:
Consumer app to apply for visa’s globally
Lead Investors:
Andreessen Horowitz
Total Raised:
$4,25
Comparables:
LegalPad
My Thoughts:
The biggest struggle in my life has been getting a US work visa — granted I had an easy life this far. Nevertheless, this is a significant pain point to individuals as it literally decides their life’s direction. I hope there is a world where one of these tech platforms does not only drive efficiencies to the masses but reaches a scale where it can actually transform the country’s visa system into a tech-first process.
Coefficient
EVA Growth Index:
Product:
SaaS platform that lets anyone easily integrate work tools into Google Sheets
Lead Investors:
Foundation Capital
Total Raised:
$7M
Comparables:
Improvado, Automate.io, Zapier
My Thoughts:
This is a pain point that has existed for quite some time and something I have experienced firsthand. Somehow no one is truly owning the GSheet use case yet and Zapier does not perfectly optimize for this. I see a world here where a player gets to a significant portion of market share that every new SaaS product builds integrations into them, similar to where Segment and Zapier sit in their respective sectors.
Moralis
EVA Growth Index:
Product:
Development platform for decentralized applications
Lead Investors:
EQT Ventures
Total Raised:
$13M
Comparables:
Stacks, Second State
My Thoughts:
Over 35K projects are building on Moralis, which is also represented in Moralis’ off-the-charts EVA growth. I am no blockchain expert, but it looks like there is something truly transformational in the making here!
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.
