Deckmatch, an Oslo-based AI platform targeted on streamlining non-public market workflows, has raised €2.9 million in an oversubscribed seed funding spherical. With a brand new workplace opening in Palo Alto, California, the corporate continues its worldwide enlargement and introduces its newest product, AlphaLens, a beta-stage AI search engine designed to boost aggressive market evaluation by inspecting merchandise moderately than simply firms.
This spherical was co-led by Alliance VC and Luminar Ventures, with extra funding from First Diploma Capital and Skyfall Ventures. Notably, all traders had beforehand used Deckmatch’s platform earlier than deciding to again the corporate.
Based in 2023 by Leo Gasteen (CEO) and Dr. Walid Mustapha (CTO), Deckmatch offers a collection of REST APIs that permits non-public market traders to automate workflows, together with changing pitch decks into structured, enriched information. This information seamlessly integrates into CRM techniques like Affinity, Attio, and Slack, enabling traders to rapidly assess offers with out time-consuming guide enter. As Gasteen describes, “We’re rewiring how non-public markets see innovation by shifting focus from firmographic information to the merchandise themselves. This sharper lens offers all market contributors a clearer view of what actually drives worth. As we start our new chapter as a US-based firm, it’s price noting that we’re not simply coming into a brand new market – we’re creating one.”
Deckmatch’s rising recognition amongst prospects is essentially as a consequence of its “related firms” function, which impressed the staff to shift their focus from conventional company-level information to product-centric evaluation. The result’s AlphaLens, an AI search engine that evaluates the “DNA” of merchandise by analyzing core elements like options and audience. This innovation provides customers highly effective insights for scaling, sourcing, and positioning of their aggressive panorama.
“AlphaLens” makes use of product-level AI search capabilities fused with typical firmographic information, delivering a recent perspective on aggressive intelligence. Arne Tonning, Associate at Alliance VC, famous: “We took a wager on two nice founders with an thought within the pre-seed spherical – a wager that has panned out precisely as we hoped. Leo and Walid have confirmed the power to execute and iterate with velocity and instinct with few assets to construct a product that we already love as a buyer and see extra to return. We’re completely happy to step as much as enhance our place on this seed spherical and look ahead to the continued journey with the staff.”
Louise Hagen, Associate at Luminar Ventures, added: “As early prospects, we now have had a front-row seat to Leo and Walid’s distinctive execution and product prowess. We spend money on founders who ship extraordinary merchandise, and as Deckmatch grew to become the core of our inner device stack inside the first few months as customers, it grew to become clear that we needed to again them as traders — not simply because we imagine within the product’s capacity to massively speed up the VC decision-making course of, but in addition as a result of we all know the founders have the imaginative and prescient and tenacity to focus on adjoining markets sooner or later.”
The corporate now serves almost 30 purchasers throughout three continents and has achieved a six-figure annual recurring income (ARR), with a month-over-month development price of 40%. The upcoming full launch of AlphaLens, scheduled for late October, is anticipated so as to add additional worth to purchasers by offering an in depth understanding of market dynamics past typical information sources.
