The Venture Codex

Led · Equity · Apr 2024

Diag n'Grow develops a software platform that evaluates intangible assets—such as patents, trademarks and software—and helps incorporate them into financing, M&A and valuation processes. The startup, based at Euratechnologies in Lille, began commercialisation in 2021 and already has customers in France and Europe. It reports generating revenue since its first year, though the amount was not disclosed, and currently has four employees. Diag n'Grow plans to accelerate commercial deployment across France and Europe and to build a partner network of lawyers, accountants and IP consultancies who will use its solution. The company is increasing investment in R&D, has recently hired an R&D lead, and aims to automate 90% of the audit phase using artificial intelligence. Management expects automation will enable more accessible pricing for SMEs and grow that customer segment.

Participated · Series A · Oct 2023

MADCash Sdn. Bhd. is a Kuala Lumpur, Malaysia-based fintech focused on providing zero-interest microfunds to women entrepreneurs through a proprietary technological platform that lets donors contribute and see whom their funds are helping. The company is led by Managing Director Nuraizah Shamsul Baharin and recently added Musyrifah Malek as a co-founder. MADCash intends to use the funding to enhance its online platform with AI features, cover operational and marketing expenses, and explore expansion opportunities across Southeast Asia. By the end of this year the company expects to have extended support to over 800 women. Among its partners are Hong Leong Islamic Bank and PayNet. The platform combines capital provision with business and financial-acumen support for microbusiness growth.