The Venture Codex

Participated · Equity · Aug 2021

Graphite Solutions is a San Francisco-based technology platform that helps enterprise companies find, hire and manage highly skilled remote consultants on-demand. The platform connects enterprise companies with over 7,500 independent experts and boutique firms to execute mission-critical work and address capacity and capability gaps. Knowledge workers use Graphite to access high-quality client projects, a streamlined billing/invoicing/payment process and proprietary software to manage complex client relationships. The company closed a $15M equity funding round that brings total funding to over $20M. Graphite intends to use the funds to scale sales, marketing, recruitment, customer success and product development. Vikram Ashok is founder and CEO; Doug Atkin of Communitas Capital Partners joined the board in conjunction with the financing. SpareHire operates an online marketplace that matches screened finance and consulting professionals with short-term projects ranging from a few hours to multi-month engagements. Admission requires at least two years of relevant experience at a reputable firm; the platform hosts 1,000+ professionals primarily based in the U.S. SpareHire charges a 15% fee on project payments, and projects often receive applicants within hours. Typical hourly rates range from $75 to $125, and the platform handles payment and feedback ratings electronically. The company reports a 4.6 out of 5.0 average feedback rating across completed projects. SpareHire plans to use new capital to further develop its platform and expand its professional network.

Participated · Series B · Feb 2020

Eureka builds software that applies AI and machine learning to large external and internal data sets to produce financial and market intelligence. Its financial intelligence products enable credit and risk scoring by leveraging telecom and alternative data, open banking, and transaction data. Its market intelligence offerings provide continuous country-level panels for digital and location intelligence. Eureka also offers data science infrastructure, including the DS2 Feature Store and AI Learning Fabric, to help teams deliver data science at scale. The company works with Fortune 500 customers across telecom, banking, insurance, e-commerce and transport. Founded in 2016, Eureka has offices in eight major cities across Asia, the United States, the Middle East, and Africa, and says the recent financing will fuel rapid growth and expansion of its offerings. Eureka Ai is a Singapore-based artificial intelligence enterprise software startup. According to ACRA filings accessed by DealStreetAsia – DATA VANTAGE, the company has raised an additional $500,000 in fresh funding. The article identifies the company as offering AI enterprise software but does not provide details on the investors, valuation, or funding instrument. The coverage is a short filing-based report published by DealStreetAsia’s DATA VANTAGE. No operating metrics, past rounds, founding year, or future plans are mentioned in the article. Eureka has built a proprietary AI enterprise software platform called Spectrum that organises mobile telecom data to deliver actionable intelligence for mobile operators and enterprise partners. The platform enables enterprises across industries including banking, insurance, transportation, and FMCG to partner with mobile operators to offer more relevant and personalized services and acquire customers. Eureka is deploying on operators across Southeast Asia, India, and the Middle East, covering a collective mobile subscriber base of over one billion customers, and is expanding into Europe and the US. The company operates engineering and technology teams in Bengaluru, Seattle, Singapore, and Jakarta and plans to grow its Bengaluru development team. Management says the new capital will support international expansion and further develop Eureka’s product portfolio. Eureka is also a member of Mastercard’s Start Path later-stage startup engagement programme.