To bring AlphaLens, an AI-based investment solution to the United States and revolutionize how investors assess competition, Deckmatch closes a $3.1 million fundraiser, focusing on enhancing deal flow analysis.
Norwegian AI-driven investment intelligence platform Deckmatch has closed its seed round with $3.1M primarily with the participation of Alliance VC and Luminar Ventures, partners with First Degree Capital and Skyfall Venture. This funding will support Deckmatch’s expansion in the United States and its AI workplace, the AlphaLens, which is revolutionizing the deal sources with product-based competition.
Investment Idea based on Product:
It is also different from the conventional analysis based on the firm structure where Deckmatch’s AlphaLens is centered on the product competition that analyses elements such as product attributes, customer group, and position. This has the added advantage of presenting a clear picture of the competition to VC firms and helps in informed decisions on growth and partnerships.
Deckmatch eliminates the guesswork in presenting pitch decks by using REST APIs to augment and categorize documents for CRM applications like Affinity and Slack. This automation enhances the efficiency of investors keeping decks for analysis before the morning meeting ultimately improving the flow of decisions made.
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Since the Pre-seed funding round in the summer of 2023, Deckmatch has established excellent customer growth in three continents and has realized a 40% monthly increase in revenue. The new seed funding allows Deckmatch to establish its headquarters in Palo Alto led by the CEO, Leo Gasteen in the heart of American venture capital.
Mission and Success for Entrepreneurs and Markets:
AlphaLens has garnered initial interest from angel investors due to its co-founders, Leo Gasteen and Dr. Walid Mustapha’s addition of value through a clear focus on products that will revolutionize competitive intelligence. Further, Deckmatch is moving to California to lead the market in reinventing private market dynamics through product-based competition, aiming to educate VCs and stakeholders on innovation.
