Participated · Seed · Jun 2019

Reloyalty provides a next-generation loyalty system built on top of bank cards, integrating with banks via PSD2 APIs so customers automatically earn rewards without points or QR codes. The product is already live in London and has integrated with 14 banks, allowing users to connect cards through Reloyalty’s mobile app. The company aims to expand to all major UK banks by the end of the year and target 10K users in London in the short term. Its roadmap includes turning the service into a marketplace of contextual, personalized rewards (e.g., cashback versus partner offers like Uber) and improving a proprietary algorithm that measures customer–merchant relationships. The team was re-launched in 2018 by four co-founders and has grown to an eleven-person development team with senior advisors, including ex-SumUp and ex-Telerik executives. Financially, Reloyalty has previously raised €257.5K and recently closed a new seed round of €530K to support expansion and product development.

Led · Equity · Feb 2019

QuarkVR is a Bulgarian startup that develops software to stream VR content to wireless headsets with very low latency. Its software compresses streamed content to achieve up to 2 milliseconds of precision and supports simultaneous users in the same virtual environment, enabling VR conference calls and multi-user experiences. The company was founded in 2014 and has worked with Deutsche Telekom and Orange to pilot VR calls, meetings, factory trainings and consumer products. Recent testing included running QuarkVR on next-generation 5G telco equipment as part of a DT project aimed at providing factory trainings to a Volkswagen facility. QuarkVR has raised €680K to date, recently closing a €325K round to expand its development team of six and finance upcoming projects. It currently does not generate significant revenues, but management believes a contract with a client like DT or Orange could make the company profitable.