
Micro Angel Fund
1959 N. Peace Haven Road, Suite 111, Winston-Salem, NC, 27106, United States
Overview
IMAF-RTP is one of the Inception Micro Angel Funds and is a member-managed seed stage.
- Total investments
- 5
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
Investment portfolio
- Feedvisor
Participated · Series A · Aug 2014
Feedvisor uses machine learning to track market dynamics and apply a dynamic pricing algorithm while managing inventory replenishment for sellers on marketplaces like Amazon and eBay. The platform is adopted across multiple verticals and the typical customer generates at least $1 million in gross merchandise volume. Feedvisor now manages more than $2 billion in goods sold through marketplaces. The company says it aims to attract larger clients over time. To support that growth it plans to double its workforce and heavily expand its New York City office. Feedvisor was founded in Israel and also has offices in New York City and Seattle. Feedvisor is a Tel-Aviv, Israel–based provider of a price automation platform that uses machine learning algorithms to set dynamic pricing. Its platform analyzes market dynamics, changes in demand, and price perception so retailers do not need to continuously program pricing rules. The solution is used by hundreds of online retailers worldwide and manages over $1.5 billion in gross merchandise volume. Feedvisor will use the new capital to continue accelerating growth and global business expansion, including opening offices in the US. The company is led by CEO and Founder Victor Rosenman. Feedvisor has raised $13m to date. Feedvisor is an algorithmic pricing and business intelligence platform that targets retailers selling on Amazon. Its product uses self-learning algorithms to monitor competitors' prices, product demand, and price elasticity to determine optimal pricing aligned with retailers' business objectives. The company says its platform manages over $1 billion in inventory for users. Feedvisor positions its technology as adaptable to other marketplaces and traditional eCommerce, though it currently focuses on Amazon. The team plans to use new funding primarily for research and development to strengthen its repricing offering and to expand its business intelligence service. Feedvisor's stated goal is to provide online business owners with all the information they need to grow their businesses in one place. Feedvisor, based in Tel Aviv, provides a self-learning algorithmic repricing platform for online retailers. Founded in 2011 by CEO Victor Rosenman, the company analyzes competitive environment, product demand, and price elasticity to calculate and continuously adjust optimum prices to meet retailers' business objectives. It recently launched a SaaS solution targeted at Amazon Marketplace sellers worldwide and its latest version integrates Amazon's Subscriptions API. Feedvisor is used by hundreds of retailers across the globe and operates on a success-based, pay-as-you-go fee model. The company plans to use new funding to further develop the product and accelerate global growth.
- Entigral Systems
Participated · Series A · Aug 2013
Entigral Systems develops and sells TraxWare, a sensor automation platform that enables a new generation of sensor-based asset tracking applications primarily using RFID sensors for Manufacturing Execution Systems (MES). TraxWare supports capital and fixed asset tracking, work-in-process management, warehouse and supply chain management, and inventory replenishment. The company plans to use newly raised funds to expand corporate operations by hiring software developers and marketing and sales staff and to execute new marketing and sales programs. Entigral closed an over $500K first tranche of a $1.2M Series A financing, with a second tranche scheduled to close in 2014. The round was led by Piedmont Angel Network Three with participation from IMAF-Cape Fear, IMAF-RTP and Triangle Angel Partners; PAN's Tom Storrs will join the board of directors. Founded in 2003 by Allen Bennett and led by President and CEO Booth Kalmbach, the company is based in Raleigh, NC.
- JamStar
Participated · Seed · May 2013
JamStar is a guitar-teaching app that listens to a player’s strums and chords and provides real-time feedback using polyphonic algorithms. The app runs on Android, iOS and in the browser, and detects both chords and plucks with low latency. Lessons range from basic chord progressions to more complex folk and rock songs, and the company sells tailored lesson packs (Rock/Pop, Jazz/Blues, etc.). JamStar has partnered with music publisher Alfred to license hit catalogs and with Dean Guitars to create signature lessons. The app was built by Kobi Stok and his team at an Israeli programming house; Stok is a gigging musician in Tel Aviv. The company has raised seed funding and monetizes through paid lesson content and curated instructional material.
- Rawporter
Participated · Seed · Sep 2012
Rawporter is a social network for news enthusiasts that protects users' rights and compensates them for sharing and selling photos and videos online. Launched in November 2011 by Kevin Davis and based in Charlotte, NC, the service has expanded into 55 countries. It has sold content to dozens of media properties globally. The company raised $300K in seed funding from the Inception Micro Angel Fund (IMAF) Cape Fear, the N.C. Fund of Funds and Gofman Holdings. Rawporter plans to use the capital to grow its online community and enhance its mobile applications. The funding is positioned to support product and community expansion across its mobile platform.
Team
No current team members are available.