Tactyc, a Morrisville, NC-based software solution to address venture capital portfolio forecasting and planning, announced its official launch and raised $1.5 million in a seed round to accelerate its growth.
The round was led by MaC Venture Capital, a leading seed-stage investment firm, and 4DX Ventures, a Pan-Africa-focused venture capital firm, with participation from other leading investors.
Tactyc plans to expand its product and sales teams and hire talent for customer success and business development roles.
“We've seen that data-driven workflows are a leading indicator of actual fund performance,” says Anubhav Srivastava, founder, and CEO of Tactyc. “However, these analyses today still require complicated spreadsheets that are difficult to build and maintain. The spreadsheet ecosystem is also not flexible enough for real-time insights and scenario planning. Tactyc solves this with a seamless solution that combines sophisticated portfolio construction and management. VC's now have real-time insights on actual and projected performance combined with answers to commonly asked questions around reserves and exit scenarios. We are empowering every VC to deploy data-driven workflows at their fund quickly and without touching a spreadsheet.”
The company has more than doubled its revenue in the last five months. It is entering the market with over 160 clients globally, ranging from emerging managers to multi-billion-dollar funds and corporate venture arms.
Round: Seed Round
Funding Month: November 2022
Lead Investors: MaC Venture Capital and 4DX Ventures
Company Website: https://tactyc.io/
Software Category: Portfolio Forecasting and Planning Software
About the Company: Founded in 2019 by Anubhav Srivastava, Tactyc is a platform for managing venture capital funds and the first software to address venture capital portfolio forecasting and planning. It is a SaaS solution for venture funds to construct, manage and forecast their portfolios-enabling data-driven managers to transition beyond spreadsheets. Tactyc's platform reduces the time it takes to build a portfolio from weeks to minutes. Managers can also forecast and manage existing portfolios using powerful GP analytics like optimal reserve management and probabilistic scenario modeling. It allows GPs to create construction models for fundraising, compare actual vs. planned results, run exit and dilution scenarios on investments, optimize follow-on reserves, gather advanced insights to get fund performance back on track, create LP reports, track portfolio company KPIs, and much more. Its mission is to enable every fund manager to easily deploy data-driven workflows across their investment portfolio.