November 12, 2024
Norwegian Automation Startup Deckmatch Raises €2.9M in Seed Funding to Automate Venture Capital Workflows
Oslo, Norway – November 11, 2024 —
Deckmatch, specializing in automation for venture capital workflows, has successfully raised €2.9 million in a seed funding round co-led by Alliance VC and Luminar Ventures, with participation from First Degree Capital and Skyfall Ventures. The newly raised capital will fuel Deckmatch’s efforts to enhance its platform, which is designed to streamline routine processes for VC professionals through automation.
About Deckmatch
Founded in 2023, Deckmatch focuses on automating labor-intensive tasks, helping investors focus more on strategic decisions. Its platform transforms unstructured content like pitch decks and investment memos into structured, accessible data, facilitating integration with tools such as Slack and CRMs. By automating these tasks, Deckmatch enables VC teams to simplify and accelerate data management and workflow operations.
Purpose of financing
The funding will primarily support Deckmatch’s research and development, advancing its platform’s data processing and automation capabilities. The startup plans to roll out advanced tools for sourcing, analyzing, and managing investment opportunities, while also expanding its team to meet the evolving needs of the VC industry.
CEO's insights
Leopold Gasteen, co-founder and CEO of Deckmatch, highlighted the company’s vision:
“Our goal is to bring the level of efficiency Google has brought to search, specifically tailored to private markets data. This funding will allow us to grow our team and further enhance our platform, giving VCs more time for meaningful connections rather than repetitive tasks.”
What the investors have to comment
Louise Hagen, Partner at Luminar Ventures, explained their investment decision: “Deckmatch quickly became an essential part of our internal tool stack within just a few months of using it. This solidified our decision to invest. Our belief in the product's potential to significantly speed up the VC decision-making process is key, but equally important is our confidence in the founders' vision and determination to expand into adjacent markets in the future.”
Look Ahead
Deckmatch’s recent funding reflects the increasing demand for automation in investment management, a trend likely to intensify as VC firms seek workflow optimization. The company aims to leverage this financial boost to solidify its market position and continue delivering value to its users.
For more information, visit Deckmatch on LinkedIn.