Participated · Series B · Mar 2019

90 Seconds provides a cloud-based platform for corporate video creation. The company is currently pursuing an $11 million-plus capital raise led by Bombora Investment Management. Bombora has already invested a few million dollars into the business. The raise places 90 Seconds at an $86 million market capitalisation and a $78 million enterprise value. Management is pursuing a public listing within the next 18 months. No additional operating metrics were disclosed in the article. 90 Seconds offers an end-to-end suite of collaboration tools that connects brands’ offline shoots to an automated online workflow. The platform gives clients access to more than 12,000 creators, including editors, videographers, animators, photographers, and drone operators. Since launching in 2010, the company has produced about 30,000 videos, serves more than 3,000 brands, and expanded to over 160 countries and 900 cities. Customers rate the platform highly (4.7/5), and the company reports 400% growth since its 2016 Series A. 90 Seconds plans to use new funding to increase automation and intelligence to personalize brand experiences and to enhance its creator network. The company is also prioritizing deeper relationships with media platforms such as Google and Facebook to improve transparency into video campaign ROI. 90 Seconds is a cloud-based platform that lets users manage nearly every part of the video production process in one place, combining online production tools with a global marketplace. The company launched in Auckland in 2010 and is now based in Singapore. Its marketplace lists 5,000 video professionals across 70 countries and has served clients including Visa, Samsung and Microsoft. 90 Seconds aims to make video production real-time and "super fast, as fast as Uber," allowing customers to publish videos within 24 hours to a few weeks. The startup plans to continue building out its mobile app so clients can commission, review and publish videos from tablets and smartphones. It also intends to outsource in-house project-manager roles to its marketplace over time. The company announced a $7.5M Series A to support growth and international expansion.

Participated · Series B · Jul 2018

FinAccel, the parent company of Kredivo, runs a buy now, pay later (BNPL) service that leverages an AI-powered credit risk engine to extend quick, low-cost credit to Indonesian shoppers through partnerships with local e-commerce merchants. The firm has built a customer base of nearly 4 million users and is positioning itself to reach tens of millions more in one of the world’s largest unbanked markets. Kredivo’s technology underwrites borrowers in real time, enabling widespread financial inclusion and supporting both online merchants and end consumers. To strengthen governance and strategic reach, the company has added Arsjad Rasjid, Darmin Nasution and Karen Brooks to the Board of Commissioners of Kredivo Indonesia. Financially, FinAccel is preparing to go public through a US$2.5 billion SPAC transaction and has continued to attract capital to support this effort. Its latest financing—an additional PIPE investment—adds to a history of backing from prominent global investors. The company remains focused on scaling its BNPL offering while expanding into adjacent credit products as it readies for the public markets.

Participated · Equity · Jul 2018

Digital Risks operates an online platform that enables small and medium-sized businesses to buy and manage insurance. The company partners with established underwriters: Aviva for general liability, select underwriters at Lloyd’s for cyber insurance, and DAS for legal expense cover. It announced a partnership with Starling Bank that provided access to 65,000 business account holders. The business was established in 2014 and has a team of 31. At some point it rebranded and positions itself as modernising business insurance for SMEs. The company recently raised $10.4 million in a Series A to support continued growth across the UK. Digital Risks offers a subscription-based, digital-first insurance platform that automates the entire process of buying and managing insurance for technology and media businesses. Its proprietary software evaluates risks individually and places cover with the most suitable underwriter rather than acting as a simple price-comparison service. Customers can pay monthly and modify or cancel cover at any time. Its products are backed by underwriters including Aviva, Tokio Marine and Beazley. The company serves startups across software development, IT services, media and new technology sub-sectors such as fintech, medtech and edtech. Management plans to use the new funding to scale marketing, triple the team, develop new online insurance products and begin international expansion into Europe within the next 12 months.

Led · Series B · May 2018

Coffee Meets Bagel is a San Francisco-based dating app that differentiates itself by limiting the number of matches offered to users in a 24-hour window. The company added a video feature late last year to add an extra dimension to profiles and recently introduced additional CMB Experiences to bring users together in real life. It competes with large incumbents such as Match Group (owner of Tinder, OkCupid, PlentyOfFish). The Series B will fund international expansion, more CMB Experiences, and other product innovation. Since launching in 2012, Coffee Meets Bagel has raised just under $20 million in total. Co-CEO Arum Kang highlighted the importance of having female perspectives at the investor level and noted participation from investors with prominent female partners. Coffee Meets Bagel is a dating service that delivers a single daily match drawn from users' Facebook friend-of-a-friend connections to promote accountability and better behavior. Users have 24 hours to respond to each match before it expires, and mutual likes can trigger a date discount for activities like coffee or drinks. The app limits matches to avoid divided attention and emphasize quality over quantity. Coffee Meets Bagel launched in 2012 and earlier this year released an Android version to expand its potential user base. The company plans to use the recent financing to hire more developers and engineers to continue building out the product. No revenue or user metrics were disclosed in the article. Coffee Meets Bagel is an online dating service that delivers one curated friend-of-a-friend match (a “bagel”) to users each day via its web service and new iOS app. Users sign up through Facebook, specify attributes such as religion, ethnicity and height, and receive one daily match they can “Pass” or “Like”; mutual likes are connected through a private company texting line. The product is gamified: users earn or buy in-app “coffee beans” to unlock features, and 3–5% of users purchase beans. The company previously partnered with local businesses in select cities to provide first-date offers but abandoned those partnerships outside a few markets to prioritize faster expansion. Launched in New York City in 2012, Coffee Meets Bagel reports about 80,000 users, more than 1.5 million matches, and 70% of members check the service daily. With the national iOS release, the team says it will refine its matching algorithm to handle a more diverse and geographically distributed member base.

Participated · Series A · Mar 2018

Airsorted is a UK-based hosting management platform that handles listings and operations for short-term rental channels including Airbnb, Expedia, Booking.com and HomeAway. Its services include listing creation with professional photography, key exchanges, maintenance and laundry, restocking household items, and 24/7 guest support. Since launching in 2015 the company has managed over £25 million in bookings and employs over 100 workers worldwide. Earlier this year it raised a £5M Series A and has now secured an additional £2.15M via a Seedrs crowdfunding campaign, bringing total funding this year to over £7M. The startup currently operates in 14 cities and plans to expand into 38 new cities by the end of 2019. The new funds will be used to accelerate global expansion and to develop technology for automating processes such as smart scheduling and automatic guest communication. Founder and CEO James Jenkins-Yates said the crowdfunding support highlights investor belief in the platform and its global ambitions. Airsorted operates a hosting platform that manages guest bookings from travel sites including Airbnb, Expedia, Booking.com and HomeAway and offers end-to-end services such as creating listings with professional photography, maintenance, restocking and guest liaison. Led by Founder & CEO James Jenkins-Yates, the company is developing automated technology including smart scheduling, auto-communication with guests and an API-integrated channel management. It has launched in Paris and operates in cities including London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland. Airsorted has 83 employees worldwide and plans global expansion, targeting 38 new cities by the end of 2019. The company previously raised £1.5m in seed funding and completed a £5m Series A, and has opened pre-registration on Seedrs for an additional £1m crowdfunding round. Airsorted provides an array of services for Airbnb hosts including guest management, price optimisation, marketing, cleaning and laundry to improve host profitability. The company charges a percentage of income generated from the properties it manages, aligning its incentives with hosts. Airsorted says it manages 1,000 homes, a four-fold increase in the past six months. Founded in early 2015, the startup graduated from proptech-focused Pi Labs accelerator. Leadership emphasises rapid expansion and delivering a consistent high-quality experience for hosts and guests. The company is using new funding to fuel further growth, including an announced expansion to Sydney, Australia.