During the fundraising process, Deckmatch only accepted investment from VCs who were using their platform. The seed round was oversubscribed, with additional participation from First Degree Capital and Skyfall Ventures. The funds will be used to bolster the company's research and development efforts.
Key takeaways:
- Deckmatch, a startup that automates data processing for private market investors, has secured $3.1 million in seed funding from Alliance VC and Luminar Ventures.
- The Norway-based company has developed an API that converts unstructured data into structured data, which can be integrated into enterprise tools and workflows.
- Deckmatch's platform also helps investors source deals by finding similar companies and answering specific queries about potential startups.
- The startup plans to use the new funding to double down on its research and development efforts.