DeckMatch, an Oslo, Norway-based platform transforming the way that VCs handle and evaluate inbound startup pitches, has raised €1 million in pre-seed funding.
The round was co-led by Alliance VC and Skyfall Ventures. Other participants in the round include serial entrepreneur and Copenhagen-based super angel, Nicolaj Højer Nielsen.
The funding will be used to further develop its AI and machine learning capabilities, make improvements to its data analysis algorithms and infrastructure, and scale its operations.
Leo Gasteen, co-founder of DeckMatch, commented: “We envision a future where decision-making processes in venture capital and other industries are data-driven, meaning more time is freed up for more strategic, creative, and human-centric endeavors, such as decision-making and relationship building. When we look at VC, the shift from pen and paper to Word and Excel is probably the most seismic shift the industry has felt to date. We see a curious juxtaposition of VCs being the backers of change, whilst seemingly being immune to change and disruption. We thank our investors for this early investment, which will enable us to enhance and further develop our product, and scale our team.”
DeckMatch is currently in a closed beta testing period with over 60 VCs. DeckMatch generates AI-generated pitch feedback and insights for startup founders, enabling them to continually improve as entrepreneurs. While the company Initially focuses on VC firms, it plans to expand into other industries such as recruitment and procurement.
Round: Pre-Seed Round
Funding Month: August 2023
Lead Investors: Alliance VC and Skyfall Ventures
Additional Investors: Nicolaj Højer Nielsen
Company Website: https://www.deckmatch.com/
Software Category: AI-powered VC Matching platform
About the Company: Founded in 2023 by Leo Gasteen and Walid Mustapha, DeckMatch is an AI-driven platform designed to facilitate seamless connections between startup founders and venture capitalists (VCs). DeckMatch’s technology helps organizations make sense of the vast amounts of data and information that they receive. It also streamlines the evaluation process for VCs by automating deck analysis.