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- 📝 VC Memos (Week of Jun 19- Jun 25)
📝 VC Memos (Week of Jun 19- Jun 25)
New memos last week from a16z, Bessemer Venture Partners, Blackbird, Felicis, Index Ventures, Redpoint, and Seedcamp
The Memos...
Cakewalk (cybersecurity)
Cakewalk is a design-first Identity & Access Management for SMBs.
Raise: Seed | €3M
Investor Memo: Seedcamp
"Cakewalk’s SaaS Access Management solution solves a real pain for SMBs who are increasingly exposed to cybersecurity risks. With its design-first, employee-friendly approach, the platform enables companies to adopt innovative software solutions while preserving high security and compliance standards."
Captions (AI/ML)
Captions helps creators quickly and easily script, record, and edit video content with a focus on short-form videos using AI.
Raise: Series B | $25M
Investor Memo: a16z by Bryan Kim
"I believe the popularity of short-form video content–found in TikToks, Reels, Spotlight, Shorts, and countless other industry and vertical specific platforms–is not just a fleeting trend, but an enduring behavioral shift, enabled by the amazing cameras in our pockets and the increasing appetite of content viewers."
One Future Football (Gaming)
One Future Football is a virtual sports-focused platform designed to unite people through their shared love of sports.
Raise: Pre Seed | $3M
Investor Memo: Blackbird by Niki Scevak
"1FF is the crypto version of fantasy sports with an incredibly creative twist. If deep affinity is built with the clubs and players, then 1FF begins to interact with the real world: jerseys are sold, brand sponsorships are sold around events, and once a certain level of popularity is reached, broadcast rights are sold… 1FF is a truly innovative concept that could reshape the world of sports."
ElevenLabs (AI/ML)
ElevenLabs is a startup researching and deploying novel methods in voice AI to make content enjoyable in any language and voice to benefit new audiences and viewers.
Raise: Series A | $19M
Investor Memo: a16z by Jennifer Li, Bryan Kim, Justine Moore
"With a few clicks, their state-of-the-art foundation model is able to generate voices that sound incredibly human, with proper pause, intonation, and breathing rhythms. You can even create a clone of your own voice from a 30-second clip. Since launch, ElevenLabs has amassed over 1 million registered users who have generated over 10 years worth of audio content."
Render (Enterprise)
Render is the fastest way for developers to run applications in production.
Raise: Series B | $50M
Investor Memo: Bessemer Venture Partners by Elliot Robinson, Janelle Teng, Grace Ma
"Render’s modern cloud offering provides the best of both worlds — incredible ease of use coupled with immense power and scalability to host everything from a simple hobby project website to complex enterprise applications with hundreds of microservices. Render streamlines the entire product development lifecycle from development, building, testing, deployment, operating, to monitoring.
Oso (Enterprise)
Oso is authorization as a service. It provides abstractions for building and iterating on authorization in your application.
Raise: Series B | $15M
Investor Memo: Felicis Ventures by Jake Storm
“Oso is already helping developers at Chief, Wayfair, Intercom, Productboard, Oyster HR, and thousands of others build applications 10x faster with 10x less risk. It’s easy to see why: the Oso Cloud product is opinionated with baked-in best practices, like the most appropriate way to model RBAC (role-based access controls).”
Hyperline (fintech)
Hyperline is the most flexible billing platform for B2B SaaS businesses without writing a single line of code.
Raise: Seed | €4M
Investor Memo: Index Ventures by Julia Andre
“Hyperline makes iterations on pricing and packaging dev-free, whether a company embraces usage-based pricing, recurring billing, add-ons – or a hybrid model. Revenue teams can implement and execute plans in minutes without any coding, and then easily adjust them at any time.”
GreenPlaces (Climate Tech)
GreenPlaces is all-in-one sustainability platform to help businesses meet climate goals–from carbon reporting to emission reductions to measurable ROI.
Raise: Series A | $13M
Investor Memo: Redpoint Ventures by Annie Kadavy, Medha Agarwal, Meera Clark
“GreenPlaces is purpose-built for the broad base of companies (think those with 100–10,000 employees) who comprise the majority of global emissions but today lack sufficient resources to dedicate towards sustainability… Today, 83% of global emissions come from outside of the Fortune 500 and this segment of the market is seeing increasing scrutiny surrounding their ESG and climate related practices.”