Side Door, 10Web, Rootly, Coastpay, The @ Company — 12th July, 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.
Side Door
EVA Growth Index:
Product:
Online marketplace connecting artists and consumers for exclusive in-person or online events
Lead Investors:
Rhino Ventures (Formerly Vancouver Founder Fund)
Total Raised:
$3,43M (One investment is undisclosed so this figure is not accurate)
Comparables:
Gigmore, VividSeats
My Thoughts:
We have seen with digital creators how important it is for artists to have direct access to their fans. I don’t see any reason why traditional artists should not have this same access and cut out the middlemen of traditional ticketing platforms and event managers. For consumers, it will be all about the authentic and exclusive supply.
10Web
EVA Growth Index:
Product:
AI-enabled WordPress hosting service with a focus on optimizing for page-speed
Lead Investors:
Sierra VenturesAI Fund
Total Raised:
$2M
Comparables:
Kinsta
My Thoughts:
It is arguably too difficult to build a great WordPress site in this modern-day with users needing to have entry-level developer skills. I, therefore, think it is about time that someone builds software that automates this and democratizes WordPress to the everyday computer user.
Rootly
EVA Growth Index:
No external sources showing growth
Product:
Incident management and response engine out of Slack
Lead Investors:
XYZ Venture Capital
Total Raised:
$3M
Comparables:
Atlassian has a Slack integration
My Thoughts:
Modern tech organizations live on Slack and incident response is all about speed. Having incidents and responses running straight out of Slack should therefore significantly speed up response time, which is especially important for early-stage products.
Coast
EVA Growth Index:
No external sources showing growth
Product:
Debit card provider for fleet operators to seamlessly track and manage expenses
Lead Investors:
Better Tomorrow Ventures
Total Raised:
$6M
Comparables:
Expensify
My Thoughts:
This solution has existed in the white-collar business world for a few years already, so it is only natural that it will be rolled out across the blue-collar sector as well.
The @ Company
EVA Growth Index:
Product:
Platform of verified apps by the @ sign that guarantees the app accesses and end-users data but does not store it
Lead Investors:
Kirk Brown
Total Raised:
$11M
Comparables:
N/A
My Thoughts:
Consumers are increasingly aware of their privacy and enabling businesses to use the user’s data while they use the app but not having access to it once they are gone, seems more than fair.
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.
