Koble, an UAE-based AI-powered platform that empowers investors to make better, data-driven investment decisions, raised a $1.2 million pre-seed funding round to re-engineer startup investing with AI.
The round was led by Modus, a venture platform in Mena, and Pitchdrive, a Belgium-based VC. A group of angel investors dedicated to exploring the disruptive potential of AI in venture investing also participated in the round.
The new funding will be used to further develop Koble’s groundbreaking algorithms and technology, which identify early-stage investments that outperform the market, mitigate human bias, and capture sustainable alpha for investors.
Damian Cristian, Co-Founder and CEO at Koble commented, “The ‘normal science’ of the venture capital industry relies on subjective value judgments. Everyone sat around a table comparing founders, startups, and business models with the same metrics. We’re coming at this from a completely different angle, asking what if the paradigm shifted and startup investors adopted a dispassionate, quantitative approach? Investors have spent the past decade saying that quant VC is impossible. They're wrong, and we have the data to prove it."
Koble is on a mission to re-engineer the ethics, economics, and scalability of startup investing. Its co-founders, Damian Cristian and Guy Conway have dedicated several years to building a unique dataset and groundbreaking proprietary algorithms to transform the process of sourcing, evaluating, and investing in pre-seed and seed-stage startups.
Company: Koble Services Limited
Round: pre-Seed Round
Funding Month: December 2022
Lead Investors: Modus
Additional Investors: Pitchdrive
Company Website: https://www.koble.ai/
Software Category: AI-powered platform
About the Company: Founded in 2020 by Damian Cristian and Guy Conway, Koble is an AI-powered platform that empowers investors to make better, data-driven investment decisions. developed a quantitative analytics platform designed to help investors quickly and thoroughly source, analyze, and score startups. Its technology automatically identifies early-stage investment opportunities that outperform the market, capturing sustainable alpha for investors.