Deckmatch, an Oslo-based AI platform centered 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 reasonably than simply corporations.
This spherical was co-led by Alliance VC and Luminar Ventures, with further funding from First Diploma Capital and Skyfall Ventures. Notably, all buyers 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 gives a collection of REST APIs that enables non-public market buyers to automate workflows, together with changing pitch decks into structured, enriched information. This information seamlessly integrates into CRM programs like Affinity, Attio, and Slack, enabling buyers 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 provides all market members a clearer view of what actually drives worth. As we start our new chapter as a US-based firm, it’s value noting that we’re not simply coming into a brand new market – we’re creating one.”
Deckmatch’s rising recognition amongst clients is basically resulting from its “comparable corporations” 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 parts like options and target market. 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 standard firmographic information, delivering a recent perspective on aggressive intelligence. Arne Tonning, Companion at Alliance VC, famous: “We took a guess on two nice founders with an concept within the pre-seed spherical – a guess that has panned out precisely as we hoped. Leo and Walid have confirmed the flexibility to execute and iterate with pace and instinct with few sources to construct a product that we already love as a buyer and see extra to come back. We’re pleased to step as much as enhance our place on this seed spherical and stay up for the continued journey with the staff.”
Louise Hagen, Companion at Luminar Ventures, added: “As early clients, we’ve had a front-row seat to Leo and Walid’s distinctive execution and product prowess. We put money into founders who ship extraordinary merchandise, and as Deckmatch turned the core of our inside software stack inside the first few months as customers, it turned clear that we needed to again them as buyers — not simply because we imagine within the product’s capability to massively speed up the VC decision-making course of, but additionally 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 shoppers throughout three continents and has achieved a six-figure annual recurring income (ARR), with a month-over-month progress price of 40%. The upcoming full launch of AlphaLens, scheduled for late October, is predicted so as to add additional worth to shoppers by offering an in depth understanding of market dynamics past standard information sources.
