📝 We're back with the memos

I missed you.

With most VCs on a break, the number of memos (... let alone cheques) written over the holiday period was pretty minimal hence the email hiatus. But last week we saw VCs fire things back up and so here we are with the latest round up of memos.

Enjoy!

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And Now, The Memos...

👩‍⚕️ Inflow (mental health)

Raise: Series A | £9M

Investor Memo: Octopus Ventures by Will Gibbs

"While many digital therapeutics businesses focus on B2B distribution, often as a workplace benefit, Inflow goes directly to consumers, through channels such as Facebook and TikTok.This way, the company is able to address the huge global population of individuals affected by ADHD... In the future, the company aims to expand its treatment to cover a wider set of neurological differences, including autism, dyslexia, OCD and Tourette’s syndrome."

 

🗣 DeepL (AI translation)

Raise: Series B | US$100M

Investor Memo: Bessemer Venture Partners by Sameer Dholakia, Talia Goldberg, Andrew Schmitt, Kate Walker, Aleeza Hashmi

"While there are many paid and free options to translate text today, power users complain that the status quo is riddled with friction: errors, confusion, and even embarrassment... DeepL has developed the world’s most accurate and culturally aware real-time AI translation technology, consistently outperforming alternatives on quantitative benchmarks [making it] one of the top 150 websites visited globally, and [used by] more than 20,000 businesses"

💸 Butter (payments tech)

Raise: Series A | US$21.5M

Investor Memo: Norwest Venture Partners by Edward Yip

"Butter solves a true pain point for subscription-based businesses (both consumer and self-serve B2B SaaS companies) by recovering up to ~50 percent of unintended subscriber churn. Butter integrates with Payment Service Providers (PSPs) and subscription management platforms to dynamically validate logic, retry, intelligently route, and authorize payments at the optimal moment."

🎮 Seidr (gaming)

Raise: Seed | Undisclosed

Investor Memo: a16z by Joshua Lu & Andrew Chen

"The future of video games is platform-agnostic – players want to play the games they love wherever and whenever they want without being limited by form-factor. Gamers fall in love with great content and gameplay, not platforms!... However, cross-play enabled games are also expensive to make, requiring thoughtful UX solutions, experienced client developers, and additional & more robust art pipelines."

💻 Xethub (DevOps)

Raise: Seed | US$7.5M

Investor Memo: Madrona by Matt McIlwain & Jon Turow

"Developers have to flip back and forth between systems that hold code and data. Everyone who works on a project and has to constantly coordinate with team members and switch between tools understands the significant drag this workflow has on efficiency, productivity, and accuracy. XetHub is bringing the ease of how developers work with code in GitHub to data."

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p.p.s. to search, filter and read the full database 1,500+ memos head to VCinsights.co