Author: David Ola

Hiring and Culture — LiveFlow’s journey to simplify financial reporting for growing companies


This post is by David Ola from Seedcamp


Building a company isn’t straight-forward. From day one, founders are tasked with an endless list of to-dos with limited resources at their disposal. One of the many issues for companies is financial reporting, a notoriously manual, time-consuming, and error-prone task. The founders of LiveFlow, combining their backgrounds from Revolut and Guidewire, have teamed up to help businesses create budgets and connect real-time data from Google Sheets, banks, accounting, and revenue platforms in a matter of seconds. This is all presented in a live dashboard that is easily digestible and shareable across an organisation. We’re really excited to join Y Combinator in backing co-founders Lasse Kalkar, Anita Koimur, Andrey Los and Danil Prusakov to make financial management and transparency available and easy for everyone. “Budgeting and understanding real-time financial data is a challenge for any fast growing startup,” remarks Seedcamp Partner Tom Wilson. “We’re excited about the potential for Liveflow’s connected dashboard to address this pain point. Experience gained at startups such as Revolut give the founding team the perfect basis to attack this massive market”

One of the things that struck us about LiveFlow is the team’s philosophy around maintaining a strong company-culture from day one of building (You can find more on their culture here!).

LiveFlow co-founders (left to right): CEO Lasse Kalkar, Founding Engineer Evan O’Brien, and COO Anita Koimur

“We focus on natural strengths and talents because we strongly believe that the best way to achieve high performance as a company is for a team (Read more...)

Unleashing the world of hybrid games – Our investment in PortalOne


This post is by David Ola from Seedcamp


Gaming is cool again – Sandbox games like Roblox have shown that more than ever, people are excited to immerse themselves in a virtual world with limitless possibilities. Gaming is a medium that allows for a unique method of storytelling, exploration and entertainment. There is a genre of game for everyone and at Seedcamp, we’re particularly passionate about a growing category of games that marry various elements of media, both in the virtual and real worlds – hybrid games. Ready to release your inner gamer? Step in PortalOne, the Norway-based company is on a mission to launch a whole new category of entertainment that seamlessly mixes games with live shows which are embedded directly inside the games.

CoFounders of PortalOne: Stig Olav Kasin (left) and Bård Anders Kasin (right). Photo Credit: Magnus Peter Harnes

We’re thrilled to back Bård Anders Kasin and Stig Olav Kasin in a $15m seed round with participation from Founders Fund, TQ Ventures, Coatue Management, Signia Venture Partners, Talis Capital, SNÖ Ventures, Rogue Ventures, Atari and ARRI. A few amazing angels in the round include the founders of Twitch, Blizzard and Riot Games. 

“To get such strong backing from so many industry innovators at such an early stage of this journey is something you can only dream of.”

Bård Anders Kasin, Co-Founder and CEO

“We are incredibly fortunate to have been joined by a number of true icons and visionaries who immediately grasped the unique potential of PortalOne,” Co-Founder and CEO Bard notes. “To get (Read more...)

Unleashing the world of hybrid games – Our investment in PortalOne


This post is by David Ola from Seedcamp


Gaming is cool again – Sandbox games like Roblox have shown that more than ever, people are excited to immerse themselves in a virtual world with limitless possibilities. Gaming is a medium that allows for a unique method of storytelling, exploration and entertainment. There is a genre of game for everyone and at Seedcamp, we’re particularly passionate about a growing category of games that marry various elements of media, both in the virtual and real worlds – hybrid games. Ready to release your inner gamer? Step in PortalOne, the Norway-based company is on a mission to launch a whole new category of entertainment that seamlessly mixes games with live shows which are embedded directly inside the games.

CoFounders of PortalOne: Stig Olav Kasin (left) and Bård Anders Kasin (right). Photo Credit: Magnus Peter Harnes

We’re thrilled to back Bård Anders Kasin and Stig Olav Kasin in a $15m seed round with participation from Founders Fund, TQ Ventures, Coatue Management, Signia Venture Partners, Talis Capital, SNÖ Ventures, Rogue Ventures, Atari and ARRI. A few amazing angels in the round include the founders of Twitch, Blizzard and Riot Games. 

“To get such strong backing from so many industry innovators at such an early stage of this journey is something you can only dream of.”

Bård Anders Kasin, Co-Founder and CEO

“We are incredibly fortunate to have been joined by a number of true icons and visionaries who immediately grasped the unique potential of PortalOne,” Co-Founder and CEO Bard notes. “To get (Read more...)

Full Speed Automation raises $3.2m to accelerate the transition to industry 4.0


This post is by David Ola from Seedcamp


The digitisation of how we manufacture goods, via the automation of information and data exchange, is known to industry experts as the transition to industry 4.0. What does that mean and what was industry 3.0? In 1970, computers were introduced to the manufacturing process, speeding up the planning, design, and building process for all. Just 5 short decades later, we’ve arrived at the next stage, version 4.0, of industry. Enter: Full Speed Automation which enables production agility with its intelligent automation software. 

We’re excited to join Full Speed Automation on their journey in a $3.2m seed round led by our friends at HCVC (Hardware Club), with participation from Catapult Ventures, Serena Capital, Kima Ventures, Diaspora Ventures, and angel investors entrenched in the manufacturing industry. When we met Luc Leroy, Founder & CEO of Full Speed Automation, it was immediately clear to us that he knew the in and outs of this industry. After all, Luc was the man who drove the Core Automation Engineering team at Tesla to solve the Model 3 “automation hell”, helping make production profitable. While at Tesla, he also developed the team and set up the new controls and software architectures for Gigafactory Shanghai, battery cells, and Model Y production lines. In our minds, there is no one better placed to tackle this issue and accelerate the transition to industry 4.0.

Founder & CEO Luc Leroy

Full Speed’s first product, VITESSE, is the world’s first no-code automated manufacturing platform, allowing fast production bring-ups and rapid iterations (Read more...)

Building the Tax Operating System – Loc.tax raises $3.6m to help you handle tax on a global scale


This post is by David Ola from Seedcamp


Managing taxes is notorious work. And if you are part of a tax team in a hyper growth startup that’s mid-international expansion, coordinating taxes across multiple geographies is no small feat. In the past, tax professionals have had only one viable option to manage taxes: hire a large, expensive firm to help you. This approach is cost-ineffective and merely serves as a stop-gap solution. In steps Loc.tax, a startup that empowers tax professionals to achieve sound tax governance with a “Tax Operating System” consisting of always up-to-date company data, regulatory data, visual analysis tools, and extensive team collaboration. Loc.tax has created a product that serves as the single source of truth for streamlining global tax operations and projects.

Co-founders of loc.tax (from left to right): Hans Kayaert (CEO), Kasparas Aleknavičius (CPO), Bart Van Remortele (CTO), and Stevi Frooninckx (COO) (photo credit Yves Schepers)

We’re excited to join loc.tax on their company journey in a $3.6m round led by our friends at Calvary with participation from Mustard Seed Maze and Amaranthine. The team has the relevant market experience and founder-dynamic to tackle tax management head-on. Prior to building loc.tax, Hans Kayaert (CEO) and Stevi Frooninckx (COO) worked together at Avnet on various projects and M&A deals. Kasparas Aleknavičius (CPO) and Bart Van Remortele (CTO) previously founded a company in the SportTech space together. From our first call on, the team’s years of experience working together on various projects was apparent. Some of the world’s most exciting companies are already using (Read more...)

Founder Q&A: Sebastian Fallert, co-founder of flexible workplace benefits platform Ben


This post is by David Ola from Seedcamp


The team behind flexible benefits platform Ben (Photo Credits: Ben)

When Seb was in his Expert in Residence role with us here at Seedcamp he identified an opportunity in the HR space. Founder of JustBook, he teamed up with David, previously at Mosaic Ventures & Soundcloud, who combines Fintech and enterprise sales experience to found Ben. Ben allows companies to offer their employees a flexible benefits package while alleviating the admin burden. In a world that is increasingly remote, Ben allows companies to cater to their increasingly diverse workplace needs. Managing Partner Reshma and Associate Kyran caught up with him to discuss his experience with the Seedcamp Nation, how Ben was founded and their plans for the future.

Reshma: So Kyran & I are super excited to be here, to speak with Seb, CEO of Ben. Seb was an Expert in Residence (EIR) with us at Seedcamp from 2019 onwards but before we get on to that – what does Ben do?

Seb: Thank you so much for having me! So yeah, what is Ben? Ben is an end to end platform for employee benefits and reward management. Why would anybody build a new platform for benefits? The truth is most benefit programs actually have very low engagement and the reason for that is not just UX and things like that. It’s literally that the things that are on offer are just not relevant for people and that’s hard to rectify. If you are a small or mid-size (Read more...)

Blobr raises €1.2m to empower companies to customise and monetise APIs


This post is by David Ola from Seedcamp


You’ve heard it before — data is the new oil. Getting a handle of your data as a company is not just a nice feature or add-on to your business model; it has become an essential ingredient to a startup’s growth. But how exactly can companies monetise sharing their data? Application Programming Interfaces, or APIs for short, have been labelled the next big SaaS wave with the sheer number of APIs in the world growing at a staggering pace. Many companies we interact with day-to-day now offer an API as a product for their services and share data with partners and customers. APIs are the pipes enabling the monetisation and sharing of data between companies. It is a critical part for the data economy; unfortunately, no one has been taking care of them as products. Paris-based Blobr is out to solve that. Blobr is the business and product layer for APIs. With its no-code solution, it is removing the requirement of extensive tech knowledge to share and monetize APIs.

Co-founders of Blobr: CTO Alexandre Mai (left), CEO Alexandre Airvault (right)

We’re excited to back Blobr in a €1.2m pre-seed round alongside an amazing group of angels to democratise how data is exchanged between companies. When we met Alexandre Airvault & Alexandre Mai, we were struck by their experience in this space. They combine decades of experience in handling data for big banks and the monetisation of software for international organizations. The Blobr platform, already in use by companies like Axeptio, (Read more...)

Weavr raises $4m to provide simple, flexible, and accessible embedded banking


This post is by David Ola from Seedcamp


Co-founders Adrian Mizzi (CTO), Alex Mifsud (CEO) have joined forces in the past at Entropay and, later, Ixaris

Outsource to experts or build in-house? This perennial question has seen an increasing number of companies leaning towards maintaining their agility, especially in business functions like finance and compliance. Combine this with a pandemic-caused shift to digital for the first time in numerous industries and it is clear to see why customer demand for services that are readily available and integrated is growing. 

Enter Weavr, the low-code, license free embedded banking provider that weaves its way into your tech stack and provides you full financial services capabilities enabling you to integrate banking functionality seamlessly into your digital application or service. Weavr allows businesses in any digital sector – not just fintechs – to outsource their payment solution in a customisable and scalable manner. As FinTech stacks get ever more confusing, a company that is trying to make it easier to navigate the process is a breath of fresh air. 

We’re excited to back the Weavr Co-Founders Adrian Mizzi and Alex Mifsud alongside our friends at Anthemis & QED as they raise $4M to accelerate their product development and growth. 

To build your own financial services requires a certain level of expertise that comes at a high cost when building internally. When we met the Weavr team, we instantly realized that they possessed the experience, drive, and tactfulness necessary to address their target problem. Alex and Adrian bring combined decades of experience in (Read more...)