Introducing Seedcamp V


This post is curated by Keith Teare. It was written by Natasha Lytton. The original is [linked here]

Our continued dedication to be in your corner from the moment we sign that first cheque

The dream-team bringing Seedcamp Fund V to life

Seedcamp Fund V is here. Yes, another VC fund launching another fund. We’re not going for gimmicks or saying we’re reinventing the wheel. We actually think the way we do things works pretty well. So, we’re standing by it and continuing to do more of the same – with some added firepower – as we launch Fund V, by far our biggest and most ambitious fund to date.  

Seedcamp started out in 2007, we’re sure by now most of you know the backstory. A tiny ‘micro-fund’ coming out of those unknown European gates with 2.5MEuros in cash from a handful of trusting investors; limitless ambition and a belief that European entrepreneurs could, and should, have the chance to compete on a global scale. That same ambition and drive powers us today as we announce Seedcamp Fund V at £78M 13 years on. Perhaps the number 13 isn’t so unlucky after all! 

Like many, we’ve had more than our fair share of issues when it comes to fundraising: economic recessions, Brexit, global pandemics – you name it, we’ve been through it. That’s why Fund V, more than 50% oversubscribed and raised in the midst of COVID-19, feels all the more special. It’s the first time we feel we genuinely haven’t had to fight tooth and nail to explain to investors why, by now, we know what we’re doing. Thankfully, the results from over a decade of work and over 1000 entrepreneurs we’ve supported can speak for themselves 

Whether it’s believing early in a couple of guys from Estonian who stood on stage at Seedcamp Week in 2011 and set a £50 note on fire and went onto build a little known company you may have heard of, called TransferWise. Or that Romanian founder who many investors turned away because they failed to understand him or the market he was helping create but where we saw heaps of potential and now leads Europe’s first-cloud based decacorn, UiPath. Or the Irish duo behind Pointy who wanted to help independent retailers get online and in 2020 had their ambition fully validated in an acquisition by Google. 


Seedcamp Fund V Fundraising Deck

We pride ourselves on being that first fund of choice for the people who are truly building the breakout businesses of tomorrow. Whether that’s Johnny Boufarhat, founder of Hopin – a platform many of you have likely spent A LOT of time on over the past 8+ months and who, yesterday, became our fourth unicorn – or Emi Gal, a second-time Seedcamp founder now building pioneering technology for early-cancer technology with Ezra. 

What’s all the more special is these exceptional founders have put their trust back in us and the continued success of Seedcamp by investing in our new fund and our future founders. We couldn’t be more thrilled to have 80 members of the Seedcamp Nation joining us as investors in Fund V. 

Alongside our founders, we’re proud to have the support of 100 of the world’s most impactful institutions, venture capitalists and angel investors. These include Legal & General, British Patient Capital, TIFF, making Seedcamp their first European VC investment, LGT, Vintage IP, Isomer Capital and OMERS. We’re rejoined by leading Venture Capital funds such as Index, Atomico, Underscore and Venrex and are delighted to welcome new investors, Sequoia, and Northzone – co-investors in breakout company, Hopin. Along with a number of Seedcamp founders and angel investors: Taavet Hinrikus (TransferWise), Daniel Dines (UiPath), Jeppe Rindom (Pleo), David Helgason (Nordic Makers/Unity) and Shakil Khan (Spotify)

Seedcamp is the sum of its people – we don’t call it the Seedcamp Nation for nothing. Now with well over 1,000 founders who’ve raised over $4bn raised in follow-on capital from all corners of the globe,  the power of this micro-community is growing into a macro one. 

To everyone who’s put their faith in us over the past 13 years and looking ahead for what’s to come, we thank you deeply. Now, let’s get to work!

Introducing Seedcamp V


This post is by Natasha Lytton from Seedcamp

Our continued dedication to be in your corner from the moment we sign that first cheque

The dream-team bringing Seedcamp Fund V to life

Seedcamp Fund V is here. Yes, another VC fund launching another fund. We’re not going for gimmicks or saying we’re reinventing the wheel. We actually think the way we do things works pretty well. So, we’re standing by it and continuing to do more of the same – with some added firepower – as we launch Fund V, by far our biggest and most ambitious fund to date.  

Seedcamp started out in 2007, we’re sure by now most of you know the backstory. A tiny ‘micro-fund’ coming out of those unknown European gates with 2.5MEuros in cash from a handful of trusting investors; limitless ambition and a belief that European entrepreneurs could, and should, have the chance to compete on a global scale. That same ambition and drive powers us today as we announce Seedcamp Fund V at £78M 13 years on. Perhaps the number 13 isn’t so unlucky after all! 

Like many, we’ve had more than our fair share of issues when it comes to fundraising: economic recessions, Brexit, global pandemics – you name it, we’ve been through it. That’s why Fund V, more than 50% oversubscribed and raised in the midst of COVID-19, feels all the more special. It’s the first time we feel we genuinely haven’t had to fight tooth and nail to explain to investors why, by now, we know what we’re doing. Thankfully, the results from over a decade of work and over 1000 entrepreneurs we’ve supported can speak for themselves 

Whether it’s believing early in a couple of guys from Estonian who stood on stage at Seedcamp Week in 2011 and set a £50 note on fire and went onto build a little known company you may have heard of, called TransferWise. Or that Romanian founder who many investors turned away because they failed to understand him or the market he was helping create but where we saw heaps of potential and now leads Europe’s first-cloud based decacorn, UiPath. Or the Irish duo behind Pointy who wanted to help independent retailers get online and in 2020 had their ambition fully validated in an acquisition by Google. 


Seedcamp Fund V Fundraising Deck

We pride ourselves on being that first fund of choice for the people who are truly building the breakout businesses of tomorrow. Whether that’s Johnny Boufarhat, founder of Hopin – a platform many of you have likely spent A LOT of time on over the past 8+ months and who, yesterday, became our fourth unicorn – or Emi Gal, a second-time Seedcamp founder now building pioneering technology for early-cancer technology with Ezra. 

What’s all the more special is these exceptional founders have put their trust back in us and the continued success of Seedcamp by investing in our new fund and our future founders. We couldn’t be more thrilled to have 80 members of the Seedcamp Nation joining us as investors in Fund V. 

Alongside our founders, we’re proud to have the support of 100 of the world’s most impactful institutions, venture capitalists and angel investors. These include Legal & General, British Patient Capital, TIFF, making Seedcamp their first European VC investment, LGT, Vintage IP, Isomer Capital and Rabobank. We’re rejoined by leading Venture Capital funds such as Index, Atomico, Underscore, Draper Esprit and Venrex and are delighted to welcome new investors, Sequoia, and Northzone – co-investors in breakout company, Hopin. Along with a number of Seedcamp founders and angel investors: Taavet Hinrikus (TransferWise), Daniel Dines (UiPath), Jeppe Rindom (Pleo), David Helgason (Nordic Makers/Unity) and Shakil Khan (Spotify)

Seedcamp is the sum of its people – we don’t call it the Seedcamp Nation for nothing. Now with well over 1,000 founders who’ve raised over $4bn in follow-on capital from all corners of the globe,  the power of this micro-community is growing into a macro one. 

To everyone who’s put their faith in us over the past 13 years and looking ahead for what’s to come, we thank you deeply. Now, let’s get to work!

Introducing Seedcamp V


This post is by Natasha Lytton from Seedcamp

Our continued dedication to be in your corner from the moment we sign that first cheque

The dream-team bringing Seedcamp Fund V to life

Seedcamp Fund V is here. Yes, another VC fund launching another fund. We’re not going for gimmicks or saying we’re reinventing the wheel. We actually think the way we do things works pretty well. So, we’re standing by it and continuing to do more of the same – with some added firepower – as we launch Fund V, by far our biggest and most ambitious fund to date.  

Seedcamp started out in 2007, we’re sure by now most of you know the backstory. A tiny ‘micro-fund’ coming out of those unknown European gates with 2.5MEuros in cash from a handful of trusting investors; limitless ambition and a belief that European entrepreneurs could, and should, have the chance to compete on a global scale. That same ambition and drive powers us today as we announce Seedcamp Fund V at £78M 13 years on. Perhaps the number 13 isn’t so unlucky after all! 

Like many, we’ve had more than our fair share of issues when it comes to fundraising: economic recessions, Brexit, global pandemics – you name it, we’ve been through it. That’s why Fund V, more than 50% oversubscribed and raised in the midst of COVID-19, feels all the more special. It’s the first time we feel we genuinely haven’t had to fight tooth and nail to explain to investors why, by now, we know what we’re doing. Thankfully, the results from over a decade of work and over 1000 entrepreneurs we’ve supported can speak for themselves 

Whether it’s believing early in a couple of guys from Estonian who stood on stage at Seedcamp Week in 2011 and set a £50 note on fire and went onto build a little known company you may have heard of, called TransferWise. Or that Romanian founder who many investors turned away because they failed to understand him or the market he was helping create but where we saw heaps of potential and now leads Europe’s first-cloud based decacorn, UiPath. Or the Irish duo behind Pointy who wanted to help independent retailers get online and in 2020 had their ambition fully validated in an acquisition by Google. 


Seedcamp Fund V Fundraising Deck

We pride ourselves on being that first fund of choice for the people who are truly building the breakout businesses of tomorrow. Whether that’s Johnny Boufarhat, founder of Hopin – a platform many of you have likely spent A LOT of time on over the past 8+ months and who, yesterday, became our fourth unicorn – or Emi Gal, a second-time Seedcamp founder now building pioneering technology for early-cancer technology with Ezra. 

What’s all the more special is these exceptional founders have put their trust back in us and the continued success of Seedcamp by investing in our new fund and our future founders. We couldn’t be more thrilled to have 80 members of the Seedcamp Nation joining us as investors in Fund V. 

Alongside our founders, we’re proud to have the support of 100 of the world’s most impactful institutions, venture capitalists and angel investors. These include Legal & General, British Patient Capital, TIFF, making Seedcamp their first European VC investment, LGT, Vintage IP, Isomer Capital and OMERS. We’re rejoined by leading Venture Capital funds such as Index, Atomico, Underscore and Venrex and are delighted to welcome new investors, Sequoia, and Northzone – co-investors in breakout company, Hopin. Along with a number of Seedcamp founders and angel investors: Taavet Hinrikus (TransferWise), Daniel Dines (UiPath), Jeppe Rindom (Pleo), David Helgason (Nordic Makers/Unity) and Shakil Khan (Spotify)

Seedcamp is the sum of its people – we don’t call it the Seedcamp Nation for nothing. Now with well over 1,000 founders who’ve raised over $4bn raised in follow-on capital from all corners of the globe,  the power of this micro-community is growing into a macro one. 

To everyone who’s put their faith in us over the past 13 years and looking ahead for what’s to come, we thank you deeply. Now, let’s get to work!

Riskbook raises £2m for its hyperconnected marketplace for reinsurance placement


This post is by Kate McGinn from Seedcamp

Health insurance, home insurance, car insurance — we all depend on various forms of insurance to protect ourselves from uncertainty. But what about insurance for insurance? How do you insure insurance companies who take on the risk of others? The answer is reinsurance. Insurers transfer portions of their risk portfolio to other parties in an effort to distribute the probability of large losses.

Co-founders Ben Rose (President) and Jerad Leigh (CEO)

Today’s $200bn reinsurance insurance industry relies on outdated technology to support insurance brokers. This is why we are excited to back Riskbook in a £2m seed round alongside our friends at Episode 1 Ventures and MMC Ventures. The team is on a mission to bring the reinsurance industry into the 21st century.

“Riskbook has managed to build out a highly talented team and bring to market a reinsurance platform that is getting extremely positive feedback from cedents, brokers, and reinsurers.”

— Sia Houchangnia, Partner at Seedcamp

Co-founders Jerad Leigh, Ben Rose, and Jezen Thomas have developed a hyperconnected reinsurance marketplace which provides a radically better placement experience for  both brokers and underwriters. Riskbook provides robust data capture, easy document management, threaded correspondence, and end-to-end placement management via an exceptional user experience for global reinsurance practitioners.

“We are excited to be partnering with leading venture capital firms to create the placing experience the reinsurance community has dreamt of for decades,” CEO Jerad comments. “Paired with Riskbook’s win-win-win philosophy, this new funding cements our role as a trusted independent provider to cedents, brokers and reinsurers alike.”

The team is using the round of funding to make key industry hires, develop their Lloyd’s-recognized digital placement platform, and allow Riskbook to scale to meet the needs of a growing global customer base of cedents, brokers, and reinsurers.

“Reinsurance is one of those massive industries that has been overlooked by most investors,” our investment partner Sia Houchangnia comments. “To disrupt such a complex industry, you do need the right mix of technical know-how and subject-matter expertise. That’s the reason why we got very excited when we first met Ben, Jerad, and Jezen a year ago. Since the pre-seed round we led, their execution has been extremely impressive. In a short amount of time, Riskbook has managed to build out a highly talented team and bring to market a reinsurance platform that is getting extremely positive feedback from cedents, brokers, and reinsurers.”

We are excited about the Riskbook team’s distinctive position to streamline reinsurance placement and modernize the industry to benefit practitioners globally.

Riskbook raises £2m for its hyperconnected marketplace for reinsurance placement


This post is by Kate McGinn from Seedcamp

Health insurance, home insurance, car insurance — we all depend on various forms of insurance to protect ourselves from uncertainty. But what about insurance for insurance? How do you insure insurance companies who take on the risk of others? The answer is reinsurance. Insurers transfer portions of their risk portfolio to other parties in an effort to distribute the probability of large losses.

Co-founders Ben Rose (President) and Jerad Leigh (CEO)

Today’s $200bn reinsurance insurance industry relies on outdated technology to support insurance brokers. This is why we are excited to back Riskbook in a £2m seed round alongside our friends at Episode 1 Ventures and MMC Ventures. The team is on a mission to bring the reinsurance industry into the 21st century.

“Riskbook has managed to build out a highly talented team and bring to market a reinsurance platform that is getting extremely positive feedback from cedents, brokers, and reinsurers.”

— Sia Houchangnia, Partner at Seedcamp

Co-founders Jerad Leigh, Ben Rose, and Jezen Thomas have developed a hyperconnected reinsurance marketplace which provides a radically better placement experience for  both brokers and underwriters. Riskbook provides robust data capture, easy document management, threaded correspondence, and end-to-end placement management via an exceptional user experience for global reinsurance practitioners.

“We are excited to be partnering with leading venture capital firms to create the placing experience the reinsurance community has dreamt of for decades,” CEO Jerad comments. “Paired with Riskbook’s win-win-win philosophy, this new funding cements our role as a trusted independent provider to cedents, brokers and reinsurers alike.”

The team is using the round of funding to make key industry hires, develop their Lloyd’s-recognized digital placement platform, and allow Riskbook to scale to meet the needs of a growing global customer base of cedents, brokers, and reinsurers.

“Reinsurance is one of those massive industries that has been overlooked by most investors,” our investment partner Sia Houchangnia comments. “To disrupt such a complex industry, you do need the right mix of technical know-how and subject-matter expertise. That’s the reason why we got very excited when we first met Ben, Jerad, and Jezen a year ago. Since the pre-seed round we led, their execution has been extremely impressive. In a short amount of time, Riskbook has managed to build out a highly talented team and bring to market a reinsurance platform that is getting extremely positive feedback from cedents, brokers, and reinsurers.”

We are excited about the Riskbook team’s distinctive position to streamline reinsurance placement and modernize the industry to benefit practitioners globally.

Riskbook raises £2m for its hyperconnected marketplace for reinsurance placement


This post is by Kate McGinn from Seedcamp

Health insurance, home insurance, car insurance — we all depend on various forms of insurance to protect ourselves from uncertainty. But what about insurance for insurance? How do you insure insurance companies who take on the risk of others? The answer is reinsurance. Insurers transfer portions of their risk portfolio to other parties in an effort to distribute the probability of large losses.

Co-founders Ben Rose (President) and Jerad Leigh (CEO)

Today’s $200bn reinsurance insurance industry relies on outdated technology to support insurance brokers. This is why we are excited to back Riskbook in a £2m seed round alongside our friends at Episode 1 Ventures and MMC Ventures. The team is on a mission to bring the reinsurance industry into the 21st century.

“Riskbook has managed to build out a highly talented team and bring to market a reinsurance platform that is getting extremely positive feedback from cedents, brokers, and reinsurers.”

— Sia Houchangnia, Partner at Seedcamp

Co-founders Jerad Leigh, Ben Rose, and Jezen Thomas have developed a hyperconnected reinsurance marketplace which provides a radically better placement experience for  both brokers and underwriters. Riskbook provides robust data capture, easy document management, threaded correspondence, and end-to-end placement management via an exceptional user experience for global reinsurance practitioners.

“We are excited to be partnering with leading venture capital firms to create the placing experience the reinsurance community has dreamt of for decades,” CEO Jerad comments. “Paired with Riskbook’s win-win-win philosophy, this new funding cements our role as a trusted independent provider to cedents, brokers and reinsurers alike.”

The team is using the round of funding to make key industry hires, develop their Lloyd’s-recognized digital placement platform, and allow Riskbook to scale to meet the needs of a growing global customer base of cedents, brokers, and reinsurers.

“Reinsurance is one of those massive industries that has been overlooked by most investors,” our investment partner Sia Houchangnia comments. “To disrupt such a complex industry, you do need the right mix of technical know-how and subject-matter expertise. That’s the reason why we got very excited when we first met Ben, Jerad, and Jezen a year ago. Since the pre-seed round we led, their execution has been extremely impressive. In a short amount of time, Riskbook has managed to build out a highly talented team and bring to market a reinsurance platform that is getting extremely positive feedback from cedents, brokers, and reinsurers.”

We are excited about the Riskbook team’s distinctive position to streamline reinsurance placement and modernize the industry to benefit practitioners globally.

Our investment in QuestDB – the ‘Usain Bolt’ of databases


This post is by Kate McGinn from Seedcamp

Open up your weather app, log into your financial trading platform, or turn the dial on your smart home thermometer and you will produce one of the fastest-growing data types in the world: time-series. 

Machines, devices, and sensors create trillions of these time-stamped events around the clock. Although the value of big data has become ubiquitous, managing the quantity of data is a significant challenge for companies. Existing costly databases lack performance to capture and make sense of it all in a cost-effective manner. 

Enter: QuestDB

Founded by Vlad Ilyushchenko, Tancrede Collard, and Nicolas Hourcard, QuestDB is a fast, open-source database for time-series data. Built from scratch with speed and efficiency as a priority, QuestDB puts the data as close to the hardware as possible. This ensures that machine resources are utilised to the fullest extent. Proximity to hardware allows companies to capture and analyse explosive amounts of data without spiraling costs.

At Seedcamp, we like to think of QuestDB as the Usain Bolt of databases. This is why we are thrilled to congratulate them on their $2.3 million seed round, led by Episode 1 Ventures, 7 percent Ventures, Y Combinator, Kima Ventures and several angels.

A preview of QuestDB’s user interface

QuestDB’s roots can be traced back to Vlad’s kitchen table. Having spent decades building low-latency software at leading banks and trading firms, Vlad began developing the open-source version of the software. In 2018, while working at the fintech startup Blockchain.com, his passion project caught the attention of his co-workers and, now co-founders, Tancrede and Nicolas.

Today, the team is laser-focused on building QuestDB from the ground-up to avoid making similar mistakes seen within the database ecosystem.

In the past, “powerful hardware led programmers to neglect software efficiency,” Nicolas commented. “So far, throwing more hardware to mitigate bloated software has been typical. As Moore’s law comes to an end, we believe that the solution is to write lean and efficient code from the start. This is the premise of QuestDB and the reason we have written the entire stack ourselves, without any dependencies and fitting all the codebase in the smallest possible package.”

Currently, QuestDB is in production at several companies. The team is planning on using the round to build out an open-source community and develop an enterprise product.

“From DevOps metrics to data from IoT devices to stock prices, the need for real time data streaming is growing exponentially and this makes time series databases hugely  in-demand.” Sia Houchangnia, one of our investment partners, comments. “When we met Vlad, Nic and Tanc, what truly impressed us was the complementarity of their skillsets, their deep expertise in low-latency trading systems and the years of R&D that had already gone into building from scratch a 10x better product. The team has indeed achieved the feat of combining best in class performance with an ultra-low footprint, while maintaining minimal complexity by using SQL rather than a bespoke language.”

While still in its early days, QuestDB’s vision to build the fastest time-series database on an open-source community base is promising.

“At Seedcamp, we are also big believers in the fact that open source software is eating the world of enterprise software,” Houchangnia reflects upon. “We are therefore very excited to see that QuestDB has not only built an exceptional product but is also nurturing a vibrant open-source community.”

Our investment in QuestDB – the ‘Usain Bolt’ of databases


This post is by Kate McGinn from Seedcamp

Open up your weather app, log into your financial trading platform, or turn the dial on your smart home thermometer and you will produce one of the fastest-growing data types in the world: time-series. 

Machines, devices, and sensors create trillions of these time-stamped events around the clock. Although the value of big data has become ubiquitous, managing the quantity of data is a significant challenge for companies. Existing costly databases lack performance to capture and make sense of it all in a cost-effective manner. 

Enter: QuestDB

Founded by Vlad Ilyushchenko, Tancrede Collard, and Nicolas Hourcard, QuestDB is a fast, open-source database for time-series data. Built from scratch with speed and efficiency as a priority, QuestDB puts the data as close to the hardware as possible. This ensures that machine resources are utilised to the fullest extent. Proximity to hardware allows companies to capture and analyse explosive amounts of data without spiraling costs.

At Seedcamp, we like to think of QuestDB as the Usain Bolt of databases. This is why we are thrilled to congratulate them on their $2.3 million seed round, led by Episode 1 Ventures, 7 percent Ventures, Y Combinator, Kima Ventures and several angels.

A preview of QuestDB’s user interface

QuestDB’s roots can be traced back to Vlad’s kitchen table. Having spent decades building low-latency software at leading banks and trading firms, Vlad began developing the open-source version of the software. In 2018, while working at the fintech startup Blockchain.com, his passion project caught the attention of his co-workers and, now co-founders, Tancrede and Nicolas.

Today, the team is laser-focused on building QuestDB from the ground-up to avoid making similar mistakes seen within the database ecosystem.

In the past, “powerful hardware led programmers to neglect software efficiency,” Nicolas commented. “So far, throwing more hardware to mitigate bloated software has been typical. As Moore’s law comes to an end, we believe that the solution is to write lean and efficient code from the start. This is the premise of QuestDB and the reason we have written the entire stack ourselves, without any dependencies and fitting all the codebase in the smallest possible package.”

Currently, QuestDB is in production at several companies. The team is planning on using the round to build out an open-source community and develop an enterprise product.

“From DevOps metrics to data from IoT devices to stock prices, the need for real time data streaming is growing exponentially and this makes time series databases hugely  in-demand.” Sia Houchangnia, one of our investment partners, comments. “When we met Vlad, Nic and Tanc, what truly impressed us was the complementarity of their skillsets, their deep expertise in low-latency trading systems and the years of R&D that had already gone into building from scratch a 10x better product. The team has indeed achieved the feat of combining best in class performance with an ultra-low footprint, while maintaining minimal complexity by using SQL rather than a bespoke language.”

While still in its early days, QuestDB’s vision to build the fastest time-series database on an open-source community base is promising.

“At Seedcamp, we are also big believers in the fact that open source software is eating the world of enterprise software,” Houchangnia reflects upon. “We are therefore very excited to see that QuestDB has not only built an exceptional product but is also nurturing a vibrant open-source community.”

Our investment in QuestDB – the ‘Usain Bolt’ of databases


This post is by Kate McGinn from Seedcamp

Open up your weather app, log into your financial trading platform, or turn the dial on your smart home thermometer and you will produce one of the fastest-growing data types in the world: time-series. 

Machines, devices, and sensors create trillions of these time-stamped events around the clock. Although the value of big data has become ubiquitous, managing the quantity of data is a significant challenge for companies. Existing costly databases lack performance to capture and make sense of it all in a cost-effective manner. 

Enter: QuestDB

Founded by Vlad Ilyushchenko, Tancrede Collard, and Nicolas Hourcard, QuestDB is a fast, open-source database for time-series data. Built from scratch with speed and efficiency as a priority, QuestDB puts the data as close to the hardware as possible. This ensures that machine resources are utilised to the fullest extent. Proximity to hardware allows companies to capture and analyse explosive amounts of data without spiraling costs.

At Seedcamp, we like to think of QuestDB as the Usain Bolt of databases. This is why we are thrilled to congratulate them on their $2.3 million seed round, led by Episode 1 Ventures, 7 percent Ventures, Y Combinator, Kima Ventures and several angels.

A preview of QuestDB’s user interface

QuestDB’s roots can be traced back to Vlad’s kitchen table. Having spent decades building low-latency software at leading banks and trading firms, Vlad began developing the open-source version of the software. In 2018, while working at the fintech startup Blockchain.com, his passion project caught the attention of his co-workers and, now co-founders, Tancrede and Nicolas.

Today, the team is laser-focused on building QuestDB from the ground-up to avoid making similar mistakes seen within the database ecosystem.

In the past, “powerful hardware led programmers to neglect software efficiency,” Nicolas commented. “So far, throwing more hardware to mitigate bloated software has been typical. As Moore’s law comes to an end, we believe that the solution is to write lean and efficient code from the start. This is the premise of QuestDB and the reason we have written the entire stack ourselves, without any dependencies and fitting all the codebase in the smallest possible package.”

Currently, QuestDB is in production at several companies. The team is planning on using the round to build out an open-source community and develop an enterprise product.

“From DevOps metrics to data from IoT devices to stock prices, the need for real time data streaming is growing exponentially and this makes time series databases hugely  in-demand.” Sia Houchangnia, one of our investment partners, comments. “When we met Vlad, Nico and Tanc, what truly impressed us was the complementarity of their skillsets, their deep expertise in low-latency trading systems and the years of R&D that had already gone into building from scratch a 10x better product. The team has indeed achieved the feat of combining best in class performance with an ultra-low footprint, while maintaining minimal complexity by using SQL rather than a bespoke language.”

While still in its early days, QuestDB’s vision to build the fastest time-series database on an open-source community base is promising.

“At Seedcamp, we are also big believers in the fact that open source software is eating the world of enterprise software,” Houchangnia reflects upon. “We are therefore very excited to see that QuestDB has not only built an exceptional product but is also nurturing a vibrant open-source community.”

Welcome Orchest – the latest Open Source company to emerge from Seedcamp


This post is by Natasha Lytton from Seedcamp

Orchest cofounders Yannick Perrenet and Rick Lamers

Earlier this year, we invested in Rick and Yannick, founders of Orchest, a new open source tool for creating data science pipelines. The new wave of open source companies is something we’ve been following closely at Seedcamp and is a subject area we recently delved into over on the podcast. Kyran, from our Investment team, adds:

“From e-commerce through to financial services, healthcare and logistics, data science is becoming ever more mission-critical for businesses. Yet data scientists spend much of their time and energy on repetitive, largely infrastructure-related engineering tasks as opposed to what should be their core focus: training models and deriving valuable insights from them.

When we first met Rick and Yannick, we were massively excited by their mission to unburden data scientists from these tasks. As data scientists and engineers themselves, they had great empathy for the particular pain points here; what’s more, in their previous projects like Grid Studio, they showed a canny ability to foster early developer interest around what they were building. This convinced us they were a particularly well-equipped team when it came to open source strategy, and we’re delighted to support them on their journey.”

We sat down with CEO and co-founder, Rick Lamers, to explore more about Orchest; from ideation to what the future of data science looks like and why they decided open source was key in developing this new tool. Over to you Rick!

Where did the inspiration for Orchest come from and what specific problems are you trying to solve?

The ideas for Orchest developed while we were still in University. We were taking Computer Science courses about machine learning, distributed systems, and statistics, while at the same time applying these topics as part-time data scientists for large companies.

We noticed how many distracting engineering challenges came up while trying to do real-world data projects, such as training predictive models and making results and data available to data scientist colleagues and clients.

Ultimately, we concluded that much of data scientists’ workload should be offloaded by tools that take care of the standard, mundane and technical tasks, which they currently have to do themselves. Today, data scientists are often left reinventing the wheel, and from what we observed in practice these weren’t the best wheels either.

Can you walk us through your backstory and how you met?

In August 2019 I open-sourced a project that I had been working on over the previous summer called Grid Studio. A browser based spreadsheet application with the ability to easily make use of the Python programming language. To my surprise the project grew in popularity rapidly, gaining over 5000 GitHub stars in the first 21 days. The growth prompted interest from investors such a16z, Redpoint Ventures, and other prominent technology investors about what was next with the project, even though behind the scenes I was already working on a new and different project which would form the basis of Orchest.

I then visited the Bay Area and spoke to multiple investors, including angel investor Anthony Goldbloom (founder of Kaggle) about our new plans to start Orchest. After getting many supportive and encouraging reactions, Yannick and I decided it was the right time to drop out of the 2nd year of our master’s to start working on Orchest full time.

We come from different backgrounds but ended up meeting at TU Delft. Yannick got his BSc. in Mathematics from TU Delft. However, he always had a knack for programming as he was teaching Python to company employees during his undergrad already.  Before coming to Delft, I studied at Erasmus University in Rotterdam. There I pursued a master’s in Entrepreneurship & New Business Venturing. I had been programming since age 14, and I knew I always wanted to deepen my CS fundamentals. After getting a University master degree I saw the opportunity to do a master in CS at TU Delft, at which I ended up getting accepted after having to plead my case for admittance due to coming from a, from their perspective, rather unusual background.

At TU Delft, Yannick and I often talked about math, CS, software, and startups. During our usual canteen lunch break we chatted about things we were up to, opportunities we saw and we generally started identifying areas of interest around software and starting a company.

Can you tell us more about your decision to open source the product and technology

If you look at the landscape of data science tools today, it’s predominantly open source. We believe that’s for a very good reason. Data science is firmly rooted in the scientific communities around the world. With the open mindset of academia and its proponents it makes sense that many great tools, libraries, and frameworks are made available open source. Many projects get their start in publicly funded research labs that are working on state of the art techniques. Take for example the terrific scikit-learn package. It was created by researchers in France working at Inria, a French research institute.

With Orchest, we wanted to respect the tradition of open source and we had great examples of companies that showed that you could combine open source software with a for-profit company. Influential examples are companies like Hashicorp, GitLab, Elastic, and Confluent. In addition, we are big fans of open source ourselves. From a developer perspective, it’s awesome to be able to quickly download and play with a piece of software to understand its use cases, design decisions and applicability. That’s the kind of experience we want to give to our users and customers too.

How have you geared up to officially launch Orchest to the world?

We prepared by first deciding which elements were critical to make sure we could launch. In the end, we figured that we’d need at least a website that would show professionalism and communicate the key features of the MVP. In addition, we needed to have these key features working in the MVP that when combined would already provide a useful tool to the early users of the product.

Looking back we think this worked out well because a few weeks ago we launched Orchest on the infamous Hacker News platform and received some great initial reactions. We even found out that someone had hunted us on Product Hunt unexpectedly and that we had reached the front page on there too.

Although the launch was really helpful in getting some early feedback from potential users and finding companies that are interested in being pilot users of the managed cloud version, we very much feel like we’re just getting started. The open-source MVP is starting to take shape, and more and more valuable use cases are being unlocked every time we commit our latest changes to the GitHub repository.

What is next on the horizon for Orchest?

We are looking for awesome people to join us on our mission to build the world’s best tools for data scientists and their teams. At the same time, we want to engage companies that are looking to leverage data and the PyData/R stack to accelerate our product development in exactly the right direction. They will benefit from feature development directly aimed at their needs, while we learn which valuable use cases are most prevalent and how we can support those even better with Orchest. If you are interested in trying out the managed cloud version you can sign up for early access through this Typeform.

What do you think the future of data science looks like?

Data science will move from laptops to the cloud. No company wants their sensitive data stored directly on employees laptops. Cloud computing is just a vastly superior mode of operation, due to its removal of non-core activities from companies and inherently more secure and scalable properties.

Furthermore, we believe we will continue to see a lot of innovation happening in open source tools & frameworks, and data science teams need to be able to leverage the collective innovation that is being spearheaded by great initiatives such as Apache Arrow/Kafka/Cassandra/Hadoop/Spark, PyTorch/Tensorflow, PyData/R ecosystem, etc.

In addition, we are big believers in the power of interactive computing and the direct feedback model that enables an experimental workflow that leads to great discoveries in data and solutions that actually contribute to the bottom line. The phenomenal success of projects like Jupyter and their interactive notebooks reaffirm this. Hence, we decided to make notebooks first class citizens in Orchest’s data science pipelines, and we will continue to develop features that make building and running data pipelines simpler for data scientists.

What brought you to Seedcamp?

Seedcamp has been a leading seed investor in Europe for quite a while now. You were on my radar many many years before we ever had any contact. I just checked my inbox and saw I subscribed to Seedcamp’s newsletter back in April 2015. I’ve always looked at the companies, events, and blog posts from a distance. Trying to understand startups and venture capital and generally just observing all the awesome technology companies they are investing in. Understanding what these companies are doing, and playing with their cool products of course.

Serendipitously, we connected during our recent fundraise through a great introduction that was made by another investor who saw a potential match. Our initial call with Kyran was great, he asked all the right questions and really got what we were trying to do with Orchest.

Any advice for founders starting their business now?

Keep believing in what you’re doing. For years on end, you and perhaps a handful of others are the only ones that are seeing the opportunity and have the belief in what you’re trying to do. It’s critical to not get discouraged. Over time, people will start seeing merit once you’ve had time to develop your ideas and implement them in one form or another.

Try to find the balance between your own convictions and what the market is telling you. They won’t be able to tell you what to build or how to build your product. But they surely will tell you whether they like it or not, and whether it solves their problems for them. That being said, it’s really critical to ‘find your crowd’. Identify the communities that are most interested in what you’re doing because they care deeply about the topics involved. They can be great evangelists, early users, customers, etc. A great marketing perspective on this comes from Seth Godin talking about the concept of Otaku and the value of making something remarkable.

Lastly, look for people that can help you. Building a scalable company is incredibly difficult. It requires skill, patience, luck, capital, and a small army of phenomenal individuals. Even when you have all of that, things can still go wrong. There’s no reason not to accept all the help you can get, as people have been in similar situations before and their advice can help a lot. It’s also great to have people rooting for you when times are tough.

Just do it!

Welcome Orchest – the latest Open Source company to emerge from Seedcamp


This post is by Natasha Lytton from Seedcamp

Orchest cofounders Yannick Perrenet and Rick Lamers

Earlier this year, we invested in Rick and Yannick, founders of Orchest, a new open source tool for creating data science pipelines. The new wave of open source companies is something we’ve been following closely at Seedcamp and is a subject area we recently delved into over on the podcast. Kyran, from our Investment team, adds:

“From e-commerce through to financial services, healthcare and logistics, data science is becoming ever more mission-critical for businesses. Yet data scientists spend much of their time and energy on repetitive, largely infrastructure-related engineering tasks as opposed to what should be their core focus: training models and deriving valuable insights from them.

When we first met Rick and Yannick, we were massively excited by their mission to unburden data scientists from these tasks. As data scientists and engineers themselves, they had great empathy for the particular pain points here; what’s more, in their previous projects like Grid Studio, they showed a canny ability to foster early developer interest around what they were building. This convinced us they were a particularly well-equipped team when it came to open source strategy, and we’re delighted to support them on their journey.”

We sat down with CEO and co-founder, Rick Lamers, to explore more about Orchest; from ideation to what the future of data science looks like and why they decided open source was key in developing this new tool. Over to you Rick!

Where did the inspiration for Orchest come from and what specific problems are you trying to solve?

The ideas for Orchest developed while we were still in University. We were taking Computer Science courses about machine learning, distributed systems, and statistics, while at the same time applying these topics as part-time data scientists for large companies.

We noticed how many distracting engineering challenges came up while trying to do real-world data projects, such as training predictive models and making results and data available to data scientist colleagues and clients.

Ultimately, we concluded that much of data scientists’ workload should be offloaded by tools that take care of the standard, mundane and technical tasks, which they currently have to do themselves. Today, data scientists are often left reinventing the wheel, and from what we observed in practice these weren’t the best wheels either.

Can you walk us through your backstory and how you met?

In August 2019 I open-sourced a project that I had been working on over the previous summer called Grid Studio. A browser based spreadsheet application with the ability to easily make use of the Python programming language. To my surprise the project grew in popularity rapidly, gaining over 5000 GitHub stars in the first 21 days. The growth prompted interest from investors such a16z, Redpoint Ventures, and other prominent technology investors about what was next with the project, even though behind the scenes I was already working on a new and different project which would form the basis of Orchest.

I then visited the Bay Area and spoke to multiple investors, including angel investor Anthony Goldbloom (founder of Kaggle) about our new plans to start Orchest. After getting many supportive and encouraging reactions, Yannick and I decided it was the right time to drop out of the 2nd year of our master’s to start working on Orchest full time.

We come from different backgrounds but ended up meeting at TU Delft. Yannick got his BSc. in Mathematics from TU Delft. However, he always had a knack for programming as he was teaching Python to company employees during his undergrad already.  Before coming to Delft, I studied at Erasmus University in Rotterdam. There I pursued a master’s in Entrepreneurship & New Business Venturing. I had been programming since age 14, and I knew I always wanted to deepen my CS fundamentals. After getting a University master degree I saw the opportunity to do a master in CS at TU Delft, at which I ended up getting accepted after having to plead my case for admittance due to coming from a, from their perspective, rather unusual background.

At TU Delft, Yannick and I often talked about math, CS, software, and startups. During our usual canteen lunch break we chatted about things we were up to, opportunities we saw and we generally started identifying areas of interest around software and starting a company.

Can you tell us more about your decision to open source the product and technology

If you look at the landscape of data science tools today, it’s predominantly open source. We believe that’s for a very good reason. Data science is firmly rooted in the scientific communities around the world. With the open mindset of academia and its proponents it makes sense that many great tools, libraries, and frameworks are made available open source. Many projects get their start in publicly funded research labs that are working on state of the art techniques. Take for example the terrific scikit-learn package. It was created by researchers in France working at Inria, a French research institute.

With Orchest, we wanted to respect the tradition of open source and we had great examples of companies that showed that you could combine open source software with a for-profit company. Influential examples are companies like Hashicorp, GitLab, Elastic, and Confluent. In addition, we are big fans of open source ourselves. From a developer perspective, it’s awesome to be able to quickly download and play with a piece of software to understand its use cases, design decisions and applicability. That’s the kind of experience we want to give to our users and customers too.

How have you geared up to officially launch Orchest to the world?

We prepared by first deciding which elements were critical to make sure we could launch. In the end, we figured that we’d need at least a website that would show professionalism and communicate the key features of the MVP. In addition, we needed to have these key features working in the MVP that when combined would already provide a useful tool to the early users of the product.

Looking back we think this worked out well because a few weeks ago we launched Orchest on the infamous Hacker News platform and received some great initial reactions. We even found out that someone had hunted us on Product Hunt unexpectedly and that we had reached the front page on there too.

Although the launch was really helpful in getting some early feedback from potential users and finding companies that are interested in being pilot users of the managed cloud version, we very much feel like we’re just getting started. The open-source MVP is starting to take shape, and more and more valuable use cases are being unlocked every time we commit our latest changes to the GitHub repository.

What is next on the horizon for Orchest?

We are looking for awesome people to join us on our mission to build the world’s best tools for data scientists and their teams. At the same time, we want to engage companies that are looking to leverage data and the PyData/R stack to accelerate our product development in exactly the right direction. They will benefit from feature development directly aimed at their needs, while we learn which valuable use cases are most prevalent and how we can support those even better with Orchest. If you are interested in trying out the managed cloud version you can sign up for early access through this Typeform.

What do you think the future of data science looks like?

Data science will move from laptops to the cloud. No company wants their sensitive data stored directly on employees laptops. Cloud computing is just a vastly superior mode of operation, due to its removal of non-core activities from companies and inherently more secure and scalable properties.

Furthermore, we believe we will continue to see a lot of innovation happening in open source tools & frameworks, and data science teams need to be able to leverage the collective innovation that is being spearheaded by great initiatives such as Apache Arrow/Kafka/Cassandra/Hadoop/Spark, PyTorch/Tensorflow, PyData/R ecosystem, etc.

In addition, we are big believers in the power of interactive computing and the direct feedback model that enables an experimental workflow that leads to great discoveries in data and solutions that actually contribute to the bottom line. The phenomenal success of projects like Jupyter and their interactive notebooks reaffirm this. Hence, we decided to make notebooks first class citizens in Orchest’s data science pipelines, and we will continue to develop features that make building and running data pipelines simpler for data scientists.

What brought you to Seedcamp?

Seedcamp has been a leading seed investor in Europe for quite a while now. You were on my radar many many years before we ever had any contact. I just checked my inbox and saw I subscribed to Seedcamp’s newsletter back in April 2015. I’ve always looked at the companies, events, and blog posts from a distance. Trying to understand startups and venture capital and generally just observing all the awesome technology companies they are investing in. Understanding what these companies are doing, and playing with their cool products of course.

Serendipitously, we connected during our recent fundraise through a great introduction that was made by another investor who saw a potential match. Our initial call with Kyran was great, he asked all the right questions and really got what we were trying to do with Orchest.

Any advice for founders starting their business now?

Keep believing in what you’re doing. For years on end, you and perhaps a handful of others are the only ones that are seeing the opportunity and have the belief in what you’re trying to do. It’s critical to not get discouraged. Over time, people will start seeing merit once you’ve had time to develop your ideas and implement them in one form or another.

Try to find the balance between your own convictions and what the market is telling you. They won’t be able to tell you what to build or how to build your product. But they surely will tell you whether they like it or not, and whether it solves their problems for them. That being said, it’s really critical to ‘find your crowd’. Identify the communities that are most interested in what you’re doing because they care deeply about the topics involved. They can be great evangelists, early users, customers, etc. A great marketing perspective on this comes from Seth Godin talking about the concept of Otaku and the value of making something remarkable.

Lastly, look for people that can help you. Building a scalable company is incredibly difficult. It requires skill, patience, luck, capital, and a small army of phenomenal individuals. Even when you have all of that, things can still go wrong. There’s no reason not to accept all the help you can get, as people have been in similar situations before and their advice can help a lot. It’s also great to have people rooting for you when times are tough.

Just do it!

Welcome Orchest – the latest Open Source company to emerge from Seedcamp


This post is by Natasha Lytton from Seedcamp

Orchest cofounders Yannick Perrenet and Rick Lamers

Earlier this year, we invested in Rick and Yannick, founders of Orchest, a new open source tool for creating data science pipelines. The new wave of open source companies is something we’ve been following closely at Seedcamp and is a subject area we recently delved into over on the podcast. Kyran, from our Investment team, adds:

“From e-commerce through to financial services, healthcare and logistics, data science is becoming ever more mission-critical for businesses. Yet data scientists spend much of their time and energy on repetitive, largely infrastructure-related engineering tasks as opposed to what should be their core focus: training models and deriving valuable insights from them.

When we first met Rick and Yannick, we were massively excited by their mission to unburden data scientists from these tasks. As data scientists and engineers themselves, they had great empathy for the particular pain points here; what’s more, in their previous projects like Grid Studio, they showed a canny ability to foster early developer interest around what they were building. This convinced us they were a particularly well-equipped team when it came to open source strategy, and we’re delighted to support them on their journey.”

We sat down with CEO and co-founder, Rick Lamers, to explore more about Orchest; from ideation to what the future of data science looks like and why they decided open source was key in developing this new tool. Over to you Rick!

Where did the inspiration for Orchest come from and what specific problems are you trying to solve?

The ideas for Orchest developed while we were still in University. We were taking Computer Science courses about machine learning, distributed systems, and statistics, while at the same time applying these topics as part-time data scientists for large companies.

We noticed how many distracting engineering challenges came up while trying to do real-world data projects, such as training predictive models and making results and data available to data scientist colleagues and clients.

Ultimately, we concluded that much of data scientists’ workload should be offloaded by tools that take care of the standard, mundane and technical tasks, which they currently have to do themselves. Today, data scientists are often left reinventing the wheel, and from what we observed in practice these weren’t the best wheels either.

Can you walk us through your backstory and how you met?

In August 2019 I open-sourced a project that I had been working on over the previous summer called Grid Studio. A browser based spreadsheet application with the ability to easily make use of the Python programming language. To my surprise the project grew in popularity rapidly, gaining over 5000 GitHub stars in the first 21 days. The growth prompted interest from investors such a16z, Redpoint Ventures, and other prominent technology investors about what was next with the project, even though behind the scenes I was already working on a new and different project which would form the basis of Orchest.

I then visited the Bay Area and spoke to multiple investors, including angel investor Anthony Goldbloom (founder of Kaggle) about our new plans to start Orchest. After getting many supportive and encouraging reactions, Yannick and I decided it was the right time to drop out of the 2nd year of our master’s to start working on Orchest full time.

We come from different backgrounds but ended up meeting at TU Delft. Yannick got his BSc. in Mathematics from TU Delft. However, he always had a knack for programming as he was teaching Python to company employees during his undergrad already.  Before coming to Delft, I studied at Erasmus University in Rotterdam. There I pursued a master’s in Entrepreneurship & New Business Venturing. I had been programming since age 14, and I knew I always wanted to deepen my CS fundamentals. After getting a University master degree I saw the opportunity to do a master in CS at TU Delft, at which I ended up getting accepted after having to plead my case for admittance due to coming from a, from their perspective, rather unusual background.

At TU Delft, Yannick and I often talked about math, CS, software, and startups. During our usual canteen lunch break we chatted about things we were up to, opportunities we saw and we generally started identifying areas of interest around software and starting a company.

Can you tell us more about your decision to open source the product and technology

If you look at the landscape of data science tools today, it’s predominantly open source. We believe that’s for a very good reason. Data science is firmly rooted in the scientific communities around the world. With the open mindset of academia and its proponents it makes sense that many great tools, libraries, and frameworks are made available open source. Many projects get their start in publicly funded research labs that are working on state of the art techniques. Take for example the terrific scikit-learn package. It was created by researchers in France working at Inria, a French research institute.

With Orchest, we wanted to respect the tradition of open source and we had great examples of companies that showed that you could combine open source software with a for-profit company. Influential examples are companies like Hashicorp, GitLab, Elastic, and Confluent. In addition, we are big fans of open source ourselves. From a developer perspective, it’s awesome to be able to quickly download and play with a piece of software to understand its use cases, design decisions and applicability. That’s the kind of experience we want to give to our users and customers too.

How have you geared up to officially launch Orchest to the world?

We prepared by first deciding which elements were critical to make sure we could launch. In the end, we figured that we’d need at least a website that would show professionalism and communicate the key features of the MVP. In addition, we needed to have these key features working in the MVP that when combined would already provide a useful tool to the early users of the product.

Looking back we think this worked out well because a few weeks ago we launched Orchest on the infamous Hacker News platform and received some great initial reactions. We even found out that someone had hunted us on Product Hunt unexpectedly and that we had reached the front page on there too.

Although the launch was really helpful in getting some early feedback from potential users and finding companies that are interested in being pilot users of the managed cloud version, we very much feel like we’re just getting started. The open-source MVP is starting to take shape, and more and more valuable use cases are being unlocked every time we commit our latest changes to the GitHub repository.

What is next on the horizon for Orchest?

We are looking for awesome people to join us on our mission to build the world’s best tools for data scientists and their teams. At the same time, we want to engage companies that are looking to leverage data and the PyData/R stack to accelerate our product development in exactly the right direction. They will benefit from feature development directly aimed at their needs, while we learn which valuable use cases are most prevalent and how we can support those even better with Orchest. If you are interested in trying out the managed cloud version you can sign up for early access through this Typeform.

What do you think the future of data science looks like?

Data science will move from laptops to the cloud. No company wants their sensitive data stored directly on employees laptops. Cloud computing is just a vastly superior mode of operation, due to its removal of non-core activities from companies and inherently more secure and scalable properties.

Furthermore, we believe we will continue to see a lot of innovation happening in open source tools & frameworks, and data science teams need to be able to leverage the collective innovation that is being spearheaded by great initiatives such as Apache Arrow/Kafka/Cassandra/Hadoop/Spark, PyTorch/Tensorflow, PyData/R ecosystem, etc.

In addition, we are big believers in the power of interactive computing and the direct feedback model that enables an experimental workflow that leads to great discoveries in data and solutions that actually contribute to the bottom line. The phenomenal success of projects like Jupyter and their interactive notebooks reaffirm this. Hence, we decided to make notebooks first class citizens in Orchest’s data science pipelines, and we will continue to develop features that make building and running data pipelines simpler for data scientists.

What brought you to Seedcamp?

Seedcamp has been a leading seed investor in Europe for quite a while now. You were on my radar many many years before we ever had any contact. I just checked my inbox and saw I subscribed to Seedcamp’s newsletter back in April 2015. I’ve always looked at the companies, events, and blog posts from a distance. Trying to understand startups and venture capital and generally just observing all the awesome technology companies they are investing in. Understanding what these companies are doing, and playing with their cool products of course.

Serendipitously, we connected during our recent fundraise through a great introduction that was made by another investor who saw a potential match. Our initial call with Kyran was great, he asked all the right questions and really got what we were trying to do with Orchest.

Any advice for founders starting their business now?

Keep believing in what you’re doing. For years on end, you and perhaps a handful of others are the only ones that are seeing the opportunity and have the belief in what you’re trying to do. It’s critical to not get discouraged. Over time, people will start seeing merit once you’ve had time to develop your ideas and implement them in one form or another.

Try to find the balance between your own convictions and what the market is telling you. They won’t be able to tell you what to build or how to build your product. But they surely will tell you whether they like it or not, and whether it solves their problems for them. That being said, it’s really critical to ‘find your crowd’. Identify the communities that are most interested in what you’re doing because they care deeply about the topics involved. They can be great evangelists, early users, customers, etc. A great marketing perspective on this comes from Seth Godin talking about the concept of Otaku and the value of making something remarkable.

Lastly, look for people that can help you. Building a scalable company is incredibly difficult. It requires skill, patience, luck, capital, and a small army of phenomenal individuals. Even when you have all of that, things can still go wrong. There’s no reason not to accept all the help you can get, as people have been in similar situations before and their advice can help a lot. It’s also great to have people rooting for you when times are tough.

Just do it!

Riff raises $1.5M to revolutionise remote team communication through voice-first chat tool


This post is by Natasha Lytton from Seedcamp

Riff Co-Founders Isabel Bescos (CEO) and Matthew Scheybeler (CTO)

As the movement towards remote work, greatly accelerated by the COVID-19 pandemic, becomes more widely adopted, the need for solutions that support team communication and collaboration are more important than ever, especially as many companies announce plans to now retain a fully distributed structure.

That’s why we’re excited to back Isabel and Matthew, the brains behind Riff – the voice-first chat tool set to revolutionise how teams communicate when working remotely – as part of a $1.5M seed round led by our friends at Balderton and with participation from angels including Carlos Gonzalez-Cadenas, COO of GoCardless, Nicolas Brusson, CEO of BlaBlaCar and Tim Sadler, CEO of Tessian.

Set up by CEO Isabel Bescos (former head of corporate strategy at BlaBlaCar, and previously part of Balderton’s investment team), with CTO Matthew Scheybeler, (co-founder of Silicon Valley’s pioneering video search tool, blinkx), Riff is positioned as the answer to the everyday pain points felt by teams trying to communicate from different locations.

On why the need for Riff is more important now than ever, CEO and co-founder, Isabel Bescos, comments:

“Distributed teams require new tools to allow them to communicate as efficiently as when they were sat next to each other. Instant messaging tools can be distracting, jammed with notifications and hard-to-follow threads, and on the other hand, video conferencing tools often require additional software and tend to be used for pre-scheduled, formal meetings.
What is lacking is something that enables effortless and spontaneously collaboration throughout the day. The remote equivalent of turning to ask a colleague a quick question, or to discuss the project you are working on.

We are looking to replicate that ease and spontaneity with Riff in creating a totally new voice tool for teams. With Riff, users can instantly speak to any team member while collaborating on a piece of work. For example, Riff is particularly helpful whenever several members of a team need to work together on an urgent problem, such as solving a technical bug which could take several hours. Riff allows you to be connected to your team for long periods of time without the intensity of being on camera for hours on end. People can also drop in and out as needed without the need for scheduled calls.”

Isabel adds, “We wanted to take the speed and fluidity with which online gamers converse whilst gaming, and transpose it into the enterprise. Rather than inundating users with notifications, Riff hopes to simplify interactions. Speaking on Riff is less distracting than Slack or Email, but faster than scheduling and waiting for a video call.

“For years, companies have been searching for ways to make office communications faster. Not just for when team members are working from home, but between teams on different floors, different offices or across time zones. None have quite managed to combine speed and efficiency with security and minimal disruption until now. Plus, the potential of Riff is huge. We’re only just scratching the surface of what such a communication tool can do and offer to companies and it’s an exciting road to be on.”

On why we invested our Managing Partner, Carlos, comments:

“The need to communicate with team members, many of which are distributed around the world in times like these, is more important than ever. We are very excited to back Isabel, Matthew and their vision for Riff to reduce the pain that teams have in making communications more spontaneous and more relevant

Riff is currently in private beta and plans to launch publicly in 2021. The funding will be used to build out the engineering team and to develop Riff’s full feature suite.

Riff raises $1.5M to revolutionise remote team communication through voice-first chat tool


This post is by Natasha Lytton from Seedcamp

Riff Co-Founders Isabel Bescos (CEO) and Matthew Scheybeler (CTO)

As the movement towards remote work, greatly accelerated by the COVID-19 pandemic, becomes more widely adopted, the need for solutions that support team communication and collaboration are more important than ever, especially as many companies announce plans to now retain a fully distributed structure.

That’s why we’re excited to back Isabel and Matthew, the brains behind Riff – the voice-first chat tool set to revolutionise how teams communicate when working remotely – as part of a $1.5M seed round led by our friends at Balderton and with participation from angels including Carlos Gonzalez-Cadenas, COO of GoCardless, Nicolas Brusson, CEO of BlaBlaCar and Tim Sadler, CEO of Tessian.

Set up by CEO Isabel Bescos (former head of corporate strategy at BlaBlaCar, and previously part of Balderton’s investment team), with CTO Matthew Scheybeler, (co-founder of Silicon Valley’s pioneering video search tool, blinkx), Riff is positioned as the answer to the everyday pain points felt by teams trying to communicate from different locations.

On why the need for Riff is more important now than ever, CEO and co-founder, Isabel Bescos, comments:

“Distributed teams require new tools to allow them to communicate as efficiently as when they were sat next to each other. Instant messaging tools can be distracting, jammed with notifications and hard-to-follow threads, and on the other hand, video conferencing tools often require additional software and tend to be used for pre-scheduled, formal meetings.
What is lacking is something that enables effortless and spontaneously collaboration throughout the day. The remote equivalent of turning to ask a colleague a quick question, or to discuss the project you are working on.

We are looking to replicate that ease and spontaneity with Riff in creating a totally new voice tool for teams. With Riff, users can instantly speak to any team member while collaborating on a piece of work. For example, Riff is particularly helpful whenever several members of a team need to work together on an urgent problem, such as solving a technical bug which could take several hours. Riff allows you to be connected to your team for long periods of time without the intensity of being on camera for hours on end. People can also drop in and out as needed without the need for scheduled calls.”

Isabel adds, “We wanted to take the speed and fluidity with which online gamers converse whilst gaming, and transpose it into the enterprise. Rather than inundating users with notifications, Riff hopes to simplify interactions. Speaking on Riff is less distracting than Slack or Email, but faster than scheduling and waiting for a video call.

“For years, companies have been searching for ways to make office communications faster. Not just for when team members are working from home, but between teams on different floors, different offices or across time zones. None have quite managed to combine speed and efficiency with security and minimal disruption until now. Plus, the potential of Riff is huge. We’re only just scratching the surface of what such a communication tool can do and offer to companies and it’s an exciting road to be on.”

On why we invested our Managing Partner, Carlos, comments:

“The need to communicate with team members, many of which are distributed around the world in times like these, is more important than ever. We are very excited to back Isabel, Matthew and their vision for Riff to reduce the pain that teams have in making communications more spontaneous and more relevant

Riff is currently in private beta and plans to launch publicly in 2021. The funding will be used to build out the engineering team and to develop Riff’s full feature suite.

Riff raises $1.5M to revolutionise remote team communication through voice-first chat tool


This post is by Natasha Lytton from Seedcamp

Riff Co-Founders Isabel Bescos (CEO) and Matthew Scheybeler (CTO)

As the movement towards remote work, greatly accelerated by the COVID-19 pandemic, becomes more widely adopted, the need for solutions that support team communication and collaboration are more important than ever, especially as many companies announce plans to now retain a fully distributed structure.

That’s why we’re excited to back Isabel and Matthew, the brains behind Riff – the voice-first chat tool set to revolutionise how teams communicate when working remotely – as part of a $1.5M seed round led by our friends at Balderton and with participation from angels including Carlos Gonzalez-Cadenas, COO of GoCardless, Nicolas Brusson, CEO of BlaBlaCar and Tim Sadler, CEO of Tessian.

Set up by CEO Isabel Bescos (former head of corporate strategy at BlaBlaCar, and previously part of Balderton’s investment team), with CTO Matthew Scheybeler, (co-founder of Silicon Valley’s pioneering video search tool, blinkx), Riff is positioned as the answer to the everyday pain points felt by teams trying to communicate from different locations.

On why the need for Riff is more important now than ever, CEO and co-founder, Isabel Bescos, comments:

“Distributed teams require new tools to allow them to communicate as efficiently as when they were sat next to each other. Instant messaging tools can be distracting, jammed with notifications and hard-to-follow threads, and on the other hand, video conferencing tools often require additional software and tend to be used for pre-scheduled, formal meetings.
What is lacking is something that enables effortless and spontaneously collaboration throughout the day. The remote equivalent of turning to ask a colleague a quick question, or to discuss the project you are working on.

We are looking to replicate that ease and spontaneity with Riff in creating a totally new voice tool for teams. With Riff, users can instantly speak to any team member while collaborating on a piece of work. For example, Riff is particularly helpful whenever several members of a team need to work together on an urgent problem, such as solving a technical bug which could take several hours. Riff allows you to be connected to your team for long periods of time without the intensity of being on camera for hours on end. People can also drop in and out as needed without the need for scheduled calls.”

Isabel adds, “We wanted to take the speed and fluidity with which online gamers converse whilst gaming, and transpose it into the enterprise. Rather than inundating users with notifications, Riff hopes to simplify interactions. Speaking on Riff is less distracting than Slack or Email, but faster than scheduling and waiting for a video call.

“For years, companies have been searching for ways to make office communications faster. Not just for when team members are working from home, but between teams on different floors, different offices or across time zones. None have quite managed to combine speed and efficiency with security and minimal disruption until now. Plus, the potential of Riff is huge. We’re only just scratching the surface of what such a communication tool can do and offer to companies and it’s an exciting road to be on.”

On why we invested our Managing Partner, Carlos, comments:

“The need to communicate with team members, many of which are distributed around the world in times like these, is more important than ever. We are very excited to back Isabel, Matthew and their vision for Riff to reduce the pain that teams have in making communications more spontaneous and more relevant

Riff is currently in private beta and plans to launch publicly in 2021. The funding will be used to build out the engineering team and to develop Riff’s full feature suite.

Founder Q&A with Michal Meiri – CEO of Health Tech company, Agamon


This post is by Natasha Lytton from Seedcamp

In our latest Q&A we sat down with Michal Meiri, Co-founder of Agamon, an Israeli health tech company who have developed a comprehensive NLP and AI platform that enables medical teams to leverage data for better patient care, reduced risk and improved outcomes.  

Michal Meiri – Cofounder of Agamon

We recently participated in Agamon’s $3M round, led by MMC. On the investment, our Managing Partner, Reshma Sohoni, comments: “We have been an incredibly active investor in health tech over the past decade and one of the biggest, unsolved issues is the endless document problem in health systems. Agamon’s cutting edge platform will be highly impactful to transform clinical text into usable data to help improve patient care – saving money, time, and more importantly, improving patient outcomes.”

We’re incredibly excited to have Michal and the Agamon team as new additions to the Seedcamp Nation. And, on that note, over to Michal to tell us more about what they’re building and why it’s needed now more than ever.

What led you to create Agamon and why is there a specific need for it now? 

There is an urgent and unmet need for healthcare organizations to improve quality and reduce the cost of care. The United States, for example, ranks highest in percentage of GDP spent on healthcare, but only ranks 15th in terms of quality. I always believed that data holds the key to transformation in the way healthcare is delivered; data can unlock opportunities for cost reduction, care improvement, and so much more.

Coming from the fintech world, I was intrigued by the potential to use data to transform traditional industries. Bringing this potential from financial institutions to healthcare, I quickly found that the problem is that in healthcare around 80% of data is textual, which essentially means that this data cannot be used to automate processes. 

Agamon offers a solution to this exact problem–we apply our NLP and AI technology to make sense of these textual narratives, allowing healthcare organizations to automate urgent and time-consuming processes. This need obviously existed before the pandemic, but the massive volume of free text on patients who were hospitalized with COVID-19 only strengthened the case for structuring these datasets and many others. 

Can you tell me more about your background and how you met your co-founders? 

Before establishing Agamon, I was a product manager in the FinTech industry at both Wonga and Checkout, where I built B2B products that leveraged mass volumes of data to make smarter decisions about our lives, which no doubt gave me the skills and experience necessary to do what I’m doing today at Agamon. In terms of my academic background, I hold an MPhil in Nanotechnology from Cambridge University and a BSc in Computer Science and Chemistry from Tel Aviv University. 

I met my co-founder Omri, Agamon’s CTO, while consulting for an Israeli FinTech startup, where he was previously the CTO. I truly enjoyed working with Omri and was impressed by his ability to manage and teach developers with different backgrounds and levels while instilling a sense of enjoyment and fun. Omri is a unique CTO in the sense that he’s a proper co-founder that understands not only the technology side of the business but the strategic side as well and that, in my opinion, is  quite unique. I knew I would enjoy building a business with him and that we would both bring a completely different set of skills to the table. 

You’re currently working mainly across Israel and the US. Have you noticed any major differences when it comes to operating and selling across the two different countries? 

For sure. Israelis are much more direct and blunt, so doing business in the US is different in every possible way. In Israel, everything moves significantly faster, relatively speaking. In addition to the cultural differences, there are differences inherent to a private vs. public market. Israel relies on a public healthcare system incentivized mostly towards improving care, conducting research and reducing costs. In spite of the transition to value-based care in the US, the financials of their healthcare system are still very much based on fee-for-service. This means that Agamon’s use cases and value proposition needs to be adjusted to align appropriately with each market and we adjust our story accordingly.

What do you think the current climate means for the health tech industry?

While the current climate has been devastating in so many ways, I think it’s probably the best thing that could have happened to the healthtech industry. It has brought light to the urgent need to improve efficiency and automate processes both in hospitals and other care delivery settings. Not doing so has already resulted in so many lost lives, malpractice claims, and wasted resources. It is now clearer than ever that healthcare must make the leap and join the 21st century, and fortunately, many organizations are embracing this and are even excited about the possibilities and potential brought in by technology and innovation.

How did you first hear about Seedcamp? 

Seedcamp is a well-known brand; I heard about it often when I lived and worked in the tech industry in London. I always knew that it is one of the best funds for seed companies. When MMC, our lead investor, suggested connecting us with SC, it was a no brainer. The partners were really curious about the product itself and asked some really interesting questions about the features and product roadmap. Having been a product manager, that hooked me immediately!

How have you found the experience of being a Seedcamp founder so far? 

We had a founders’ bootcamp a few months ago, which I really enjoyed. What’s great about Seedcamp is that companies all join at a very early stage, so you join a community of founders in similar situations–the networking and dialogue are invaluable. Also, it feels like the partners are really keen to support founders, whether directly or through the platform they provide. 

Any words of advice for anyone thinking about starting their own business? 

It’s a tough journey so make sure you do something that you truly enjoy doing and feel passionate about, and if you find it, just keep pushing. 

Founder Q&A with Michal Meiri – CEO of Health Tech company, Agamon


This post is by Natasha Lytton from Seedcamp

In our latest Q&A we sat down with Michal Meiri, Co-founder of Agamon, an Israeli health tech company who have developed a comprehensive NLP and AI platform that enables medical teams to leverage data for better patient care, reduced risk and improved outcomes.  

Michal Meiri – Cofounder of Agamon

We recently participated in Agamon’s $3M round, led by MMC. On the investment, our Managing Partner, Reshma Sohoni, comments: “We have been an incredibly active investor in health tech over the past decade and one of the biggest, unsolved issues is the endless document problem in health systems. Agamon’s cutting edge platform will be highly impactful to transform clinical text into usable data to help improve patient care – saving money, time, and more importantly, improving patient outcomes.”

We’re incredibly excited to have Michal and the Agamon team as new additions to the Seedcamp Nation. And, on that note, over to Michal to tell us more about what they’re building and why it’s needed now more than ever.

What led you to create Agamon and why is there a specific need for it now? 

There is an urgent and unmet need for healthcare organizations to improve quality and reduce the cost of care. The United States, for example, ranks highest in percentage of GDP spent on healthcare, but only ranks 15th in terms of quality. I always believed that data holds the key to transformation in the way healthcare is delivered; data can unlock opportunities for cost reduction, care improvement, and so much more.

Coming from the fintech world, I was intrigued by the potential to use data to transform traditional industries. Bringing this potential from financial institutions to healthcare, I quickly found that the problem is that in healthcare around 80% of data is textual, which essentially means that this data cannot be used to automate processes. 

Agamon offers a solution to this exact problem–we apply our NLP and AI technology to make sense of these textual narratives, allowing healthcare organizations to automate urgent and time-consuming processes. This need obviously existed before the pandemic, but the massive volume of free text on patients who were hospitalized with COVID-19 only strengthened the case for structuring these datasets and many others. 

Can you tell me more about your background and how you met your co-founders? 

Before establishing Agamon, I was a product manager in the FinTech industry at both Wonga and Checkout, where I built B2B products that leveraged mass volumes of data to make smarter decisions about our lives, which no doubt gave me the skills and experience necessary to do what I’m doing today at Agamon. In terms of my academic background, I hold an MPhil in Nanotechnology from Cambridge University and a BSc in Computer Science and Chemistry from Tel Aviv University. 

I met my co-founder Omri, Agamon’s CTO, while consulting for an Israeli FinTech startup, where he was previously the CTO. I truly enjoyed working with Omri and was impressed by his ability to manage and teach developers with different backgrounds and levels while instilling a sense of enjoyment and fun. Omri is a unique CTO in the sense that he’s a proper co-founder that understands not only the technology side of the business but the strategic side as well and that, in my opinion, is  quite unique. I knew I would enjoy building a business with him and that we would both bring a completely different set of skills to the table. 

You’re currently working mainly across Israel and the US. Have you noticed any major differences when it comes to operating and selling across the two different countries? 

For sure. Israelis are much more direct and blunt, so doing business in the US is different in every possible way. In Israel, everything moves significantly faster, relatively speaking. In addition to the cultural differences, there are differences inherent to a private vs. public market. Israel relies on a public healthcare system incentivized mostly towards improving care, conducting research and reducing costs. In spite of the transition to value-based care in the US, the financials of their healthcare system are still very much based on fee-for-service. This means that Agamon’s use cases and value proposition needs to be adjusted to align appropriately with each market and we adjust our story accordingly.

What do you think the current climate means for the health tech industry?

While the current climate has been devastating in so many ways, I think it’s probably the best thing that could have happened to the healthtech industry. It has brought light to the urgent need to improve efficiency and automate processes both in hospitals and other care delivery settings. Not doing so has already resulted in so many lost lives, malpractice claims, and wasted resources. It is now clearer than ever that healthcare must make the leap and join the 21st century, and fortunately, many organizations are embracing this and are even excited about the possibilities and potential brought in by technology and innovation.

How did you first hear about Seedcamp? 

Seedcamp is a well-known brand; I heard about it often when I lived and worked in the tech industry in London. I always knew that it is one of the best funds for seed companies. When MMC, our lead investor, suggested connecting us with SC, it was a no brainer. The partners were really curious about the product itself and asked some really interesting questions about the features and product roadmap. Having been a product manager, that hooked me immediately!

How have you found the experience of being a Seedcamp founder so far? 

We had a founders’ bootcamp a few months ago, which I really enjoyed. What’s great about Seedcamp is that companies all join at a very early stage, so you join a community of founders in similar situations–the networking and dialogue are invaluable. Also, it feels like the partners are really keen to support founders, whether directly or through the platform they provide. 

Any words of advice for anyone thinking about starting their own business? 

It’s a tough journey so make sure you do something that you truly enjoy doing and feel passionate about, and if you find it, just keep pushing. 

Founder Q&A with Michal Meiri – CEO of Health Tech company, Agamon


This post is by Natasha Lytton from Seedcamp

In our latest Q&A we sat down with Michal Meiri, Co-founder of Agamon, an Israeli health tech company who have developed a comprehensive NLP and AI platform that enables medical teams to leverage data for better patient care, reduced risk and improved outcomes.  

Michal Meiri – Cofounder of Agamon

We recently participated in Agamon’s $3M round, led by MMC. On the investment, our Managing Partner, Reshma Sohoni, comments: “We have been an incredibly active investor in health tech over the past decade and one of the biggest, unsolved issues is the endless document problem in health systems. Agamon’s cutting edge platform will be highly impactful to transform clinical text into usable data to help improve patient care – saving money, time, and more importantly, improving patient outcomes.”

We’re incredibly excited to have Michal and the Agamon team as new additions to the Seedcamp Nation. And, on that note, over to Michal to tell us more about what they’re building and why it’s needed now more than ever.

What led you to create Agamon and why is there a specific need for it now? 

There is an urgent and unmet need for healthcare organizations to improve quality and reduce the cost of care. The United States, for example, ranks highest in percentage of GDP spent on healthcare, but only ranks 15th in terms of quality. I always believed that data holds the key to transformation in the way healthcare is delivered; data can unlock opportunities for cost reduction, care improvement, and so much more.

Coming from the fintech world, I was intrigued by the potential to use data to transform traditional industries. Bringing this potential from financial institutions to healthcare, I quickly found that the problem is that in healthcare around 80% of data is textual, which essentially means that this data cannot be used to automate processes. 

Agamon offers a solution to this exact problem–we apply our NLP and AI technology to make sense of these textual narratives, allowing healthcare organizations to automate urgent and time-consuming processes. This need obviously existed before the pandemic, but the massive volume of free text on patients who were hospitalized with COVID-19 only strengthened the case for structuring these datasets and many others. 

Can you tell me more about your background and how you met your co-founders? 

Before establishing Agamon, I was a product manager in the FinTech industry at both Wonga and Checkout, where I built B2B products that leveraged mass volumes of data to make smarter decisions about our lives, which no doubt gave me the skills and experience necessary to do what I’m doing today at Agamon. In terms of my academic background, I hold an MPhil in Nanotechnology from Cambridge University and a BSc in Computer Science and Chemistry from Tel Aviv University. 

I met my co-founder Omri, Agamon’s CTO, while consulting for an Israeli FinTech startup, where he was previously the CTO. I truly enjoyed working with Omri and was impressed by his ability to manage and teach developers with different backgrounds and levels while instilling a sense of enjoyment and fun. Omri is a unique CTO in the sense that he’s a proper co-founder that understands not only the technology side of the business but the strategic side as well and that, in my opinion, is  quite unique. I knew I would enjoy building a business with him and that we would both bring a completely different set of skills to the table. 

You’re currently working mainly across Israel and the US. Have you noticed any major differences when it comes to operating and selling across the two different countries? 

For sure. Israelis are much more direct and blunt, so doing business in the US is different in every possible way. In Israel, everything moves significantly faster, relatively speaking. In addition to the cultural differences, there are differences inherent to a private vs. public market. Israel relies on a public healthcare system incentivized mostly towards improving care, conducting research and reducing costs. In spite of the transition to value-based care in the US, the financials of their healthcare system are still very much based on fee-for-service. This means that Agamon’s use cases and value proposition needs to be adjusted to align appropriately with each market and we adjust our story accordingly.

What do you think the current climate means for the health tech industry?

While the current climate has been devastating in so many ways, I think it’s probably the best thing that could have happened to the healthtech industry. It has brought light to the urgent need to improve efficiency and automate processes both in hospitals and other care delivery settings. Not doing so has already resulted in so many lost lives, malpractice claims, and wasted resources. It is now clearer than ever that healthcare must make the leap and join the 21st century, and fortunately, many organizations are embracing this and are even excited about the possibilities and potential brought in by technology and innovation.

How did you first hear about Seedcamp? 

Seedcamp is a well-known brand; I heard about it often when I lived and worked in the tech industry in London. I always knew that it is one of the best funds for seed companies. When MMC, our lead investor, suggested connecting us with SC, it was a no brainer. The partners were really curious about the product itself and asked some really interesting questions about the features and product roadmap. Having been a product manager, that hooked me immediately!

How have you found the experience of being a Seedcamp founder so far? 

We had a founders’ bootcamp a few months ago, which I really enjoyed. What’s great about Seedcamp is that companies all join at a very early stage, so you join a community of founders in similar situations–the networking and dialogue are invaluable. Also, it feels like the partners are really keen to support founders, whether directly or through the platform they provide. 

Any words of advice for anyone thinking about starting their own business? 

It’s a tough journey so make sure you do something that you truly enjoy doing and feel passionate about, and if you find it, just keep pushing. 

Founder Q&A with Michal Meiri – CEO of Health Tech company, Agamon


This post is by Natasha Lytton from Seedcamp

In our latest Q&A we sat down with Michal Meiri, Co-founder of Agamon, an Israeli health tech company who have developed a comprehensive NLP and AI platform that enables medical teams to leverage data for better patient care, reduced risk and improved outcomes.  

Michal Meiri – Cofounder of Agamon

We recently participated in Agamon’s $3M round, led by MMC. On the investment, our Managing Partner, Reshma Sohoni, comments: “We have been an incredibly active investor in health tech over the past decade and one of the biggest, unsolved issues is the endless document problem in health systems. Agamon’s cutting edge platform will be highly impactful to transform clinical text into usable data to help improve patient care – saving money, time, and more importantly, improving patient outcomes.”

We’re incredibly excited to have Michal and the Agamon team as new additions to the Seedcamp Nation. And, on that note, over to Michal to tell us more about what they’re building and why it’s needed now more than ever.

What led you to create Agamon and why is there a specific need for it now? 

There is an urgent and unmet need for healthcare organizations to improve quality and reduce the cost of care. The United States, for example, ranks highest in percentage of GDP spent on healthcare, but only ranks 15th in terms of quality. I always believed that data holds the key to transformation in the way healthcare is delivered; data can unlock opportunities for cost reduction, care improvement, and so much more.

Coming from the fintech world, I was intrigued by the potential to use data to transform traditional industries. Bringing this potential from financial institutions to healthcare, I quickly found that the problem is that in healthcare around 80% of data is textual, which essentially means that this data cannot be used to automate processes. 

Agamon offers a solution to this exact problem–we apply our NLP and AI technology to make sense of these textual narratives, allowing healthcare organizations to automate urgent and time-consuming processes. This need obviously existed before the pandemic, but the massive volume of free text on patients who were hospitalized with COVID-19 only strengthened the case for structuring these datasets and many others. 

Can you tell me more about your background and how you met your co-founders? 

Before establishing Agamon, I was a product manager in the FinTech industry at both Wonga and Checkout, where I built B2B products that leveraged mass volumes of data to make smarter decisions about our lives, which no doubt gave me the skills and experience necessary to do what I’m doing today at Agamon. In terms of my academic background, I hold an MPhil in Nanotechnology from Cambridge University and a BSc in Computer Science and Chemistry from Tel Aviv University. 

I met my co-founder Omri, Agamon’s CTO, while consulting for an Israeli FinTech startup, where he was previously the CTO. I truly enjoyed working with Omri and was impressed by his ability to manage and teach developers with different backgrounds and levels while instilling a sense of enjoyment and fun. Omri is a unique CTO in the sense that he’s a proper co-founder that understands not only the technology side of the business but the strategic side as well and that, in my opinion, is  quite unique. I knew I would enjoy building a business with him and that we would both bring a completely different set of skills to the table. 

You’re currently working mainly across Israel and the US. Have you noticed any major differences when it comes to operating and selling across the two different countries? 

For sure. Israelis are much more direct and blunt, so doing business in the US is different in every possible way. In Israel, everything moves significantly faster, relatively speaking. In addition to the cultural differences, there are differences inherent to a private vs. public market. Israel relies on a public healthcare system incentivized mostly towards improving care, conducting research and reducing costs. In spite of the transition to value-based care in the US, the financials of their healthcare system are still very much based on fee-for-service. This means that Agamon’s use cases and value proposition needs to be adjusted to align appropriately with each market and we adjust our story accordingly.

What do you think the current climate means for the health tech industry?

While the current climate has been devastating in so many ways, I think it’s probably the best thing that could have happened to the healthtech industry. It has brought light to the urgent need to improve efficiency and automate processes both in hospitals and other care delivery settings. Not doing so has already resulted in so many lost lives, malpractice claims, and wasted resources. It is now clearer than ever that healthcare must make the leap and join the 21st century, and fortunately, many organizations are embracing this and are even excited about the possibilities and potential brought in by technology and innovation.

How did you first hear about Seedcamp? 

Seedcamp is a well-known brand; I heard about it often when I lived and worked in the tech industry in London. I always knew that it is one of the best funds for seed companies. When MMC, our lead investor, suggested connecting us with SC, it was a no brainer. The partners were really curious about the product itself and asked some really interesting questions about the features and product roadmap. Having been a product manager, that hooked me immediately!

How have you found the experience of being a Seedcamp founder so far? 

We had a founders’ bootcamp a few months ago, which I really enjoyed. What’s great about Seedcamp is that companies all join at a very early stage, so you join a community of founders in similar situations–the networking and dialogue are invaluable. Also, it feels like the partners are really keen to support founders, whether directly or through the platform they provide. 

Any words of advice for anyone thinking about starting their own business? 

It’s a tough journey so make sure you do something that you truly enjoy doing and feel passionate about, and if you find it, just keep pushing. 

Why we led pre-seed into travel tech startup Tickitto


This post is by Natasha Lytton from Seedcamp

The events and experiences category represents the third-largest travel segment worldwide and is growing faster than the overall travel market. Despite that, the space is made up of suppliers or reservation platforms that often focus their efforts on specific genre and/or geographies. That’s why we’re excited to back Dana and the team at Tickitto, a travel tech company that aims to help travel retailers access tickets to events and travel-related experiences through one single connection.

Tickitto Founder and CEO, Dana Latouff

While travel and experiences have been temporarily hit, we believe the problem Tickitto is out to address is one that’s deeply felt across the industry where a lack of unification in how travel experiences can be surfaced and booked creates frustration for developers and customers alike.

Tickitto plans to carry out a lot of the heavy-lifting experienced by travel retailers by standardizing the infrastructure and offering configurable front-end interfaces. With a few lines of code, any developer can tap into the ticket supply and start building a fantastic ticket buying experience on their platform. 

“The API environment in this space is still in its infancy, and there is a huge opportunity for innovation in this multi-billion dollar industry,” says Dana Lattouf, Founder and CEO. 

Travel retailers will not only limit what can be large up-front development costs but will be able to earn additional revenue through commission on those tickets. With COVID-19 hitting the travel space significantly, travel retailers are inevitably focused on their recovery plans, which includes how supporting ancillary revenue streams can help drive future revenues. 

Dana adds:

“Tickets for theatre, music, sport and the arts can be easily overlooked during the trip but are essential to our enjoyment. In fact, it is those events and activities that motivate us to pack our bags and go. 

One would naturally think that acquiring ticket supply is relatively straightforward and made available by plugging into an API. We realised this is not the case, and that many platforms still run on legacy infrastructure, making the integration work labour-intensive.

Our aim is to work with major ticketing platforms, sports rights holders, event organisers and experience suppliers to modernise the infrastructure and build external collaboration capabilities to scale their reach. This will enable us to find new ways to serve today’s modern traveller and make it simpler to deliver a connected trip experience via their preferred travel retailer’s platform. So that when you are booking your flights to LA in April, you can also buy tickets to an event at Staples Center or an LA Galaxy home game from the same platform”.

On the investment our Partner, Tom Wilson, comments:

“When we first met Dana and the Tickitto team, we were amazed by their deep understanding of this space and passion for solving the problems they saw in the market. Spending more time with the team, it is clear they have the founder-market fit that we look for. We are excited to lead their pre-seed round and support them on their mission to transform the infrastructure that underpins how tickets to events and experiences are sold and distributed.”

We’re excited to have met Dana through our relationship with Google for Startups, as one of the fantastic companies selected to participate in their Female Founders programme.

For more information visit: https://tickitto.com/