Top Seed Companies to Track: PayRent, Zipy, HBox, Ellis, Remio
Our Investor Nicolas von Blottnitz shares the top seeded companies to keep an eye on this week.
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.
PayRent
EVA Growth Index:
Product:
Fintech platform that enables landlords to accept electronic rent payments via credit cards or bank transfers
Lead Investors:
RevRoad
Total Raised:
Undisclosed
Comparables:
Appfolio, Yardi, Cozy
My Thoughts:
I am so baffled how my current and many past landlords won’t let me pay them in any other method than a paper check. It is 2022, surely we can digitize my largest monthly recurring expenditure…..
Zipy
EVA Growth Index:
No external sources showing growth
Product:
Bug reporting platform that connects the dots between what your customers did, when they did it, and where the problem occurred in the code
Lead Investors:
Blume Ventures, Together Fund
Total Raised:
$3M
Comparables:
Crashlytics, Jira
My Thoughts:
I spend a fair amount of my work time working with our developer team to build internal software tools. As I am often the end-user, I am the one running into bugs and will forget in real-time what I did exactly to trigger the bug. Plus no user actually wants to spend time reporting their path to a bug — I am already frustrated that I ran into it. I, therefore, really see the use case of Zipy and understand that this can drive major efficiencies for modern developer teams if implemented accurately.
HBox
EVA Growth Index:
Product:
Vertical SaaS solution that digitizes primary care facilities
Lead Investors:
Arali Ventures
Total Raised:
$700K
Comparables:
N/A
My Thoughts:
As many sectors, health care had to completely digitize over the last two years, and with 300K primary care providers in the US, there is a massive market opportunity with a clear why now.
Ellis
EVA Growth Index:
No external sources showing growth
Product:
Neo bank for international students
Lead Investors:
Kindred Ventures
Total Raised:
$6M
Comparables:
Chime, N26, Sofi, Revolut
My Thoughts:
There are 1M international students that are replaced about every four years. Most of these are by nature affluent and a great population to own as a bank from their early innings. Smart target market selection!
Remio
EVA Growth Index:
No external sources showing growth
Product:
VR platform to facilitate memorable team events
Lead Investors:
Khosla Ventures
Total Raised:
$5M
Comparables:
Glue Work
My Thoughts:
Anyone who spent significant time in VR will know that interacting with someone in VR is far more personable than Zoom. I don’t think VR will replace Zoom meetings anytime soon, but it is fantastic for team building experiences which is a category for so much innovation ahead.
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.
