Top Seed Companies: Beehiiv, Taqtile, Tract, Kizen, Budge

Our Investor Nicolas von Blottnitz shares the top-seeded companies to keep an eye on this week.

We see about 5,000 startups each week, and I want to give you a glimpse into how we at Headline think about trending tech companies and tracking new investment opportunities. In this post, I’m highlighting top tech companies that have announced or raised a seed round within the past week.

Beehiiv

EVA Growth Index:

Product:
New age newsletter platform built for creators and high-growth businesses

Lead Investors:
Social Leverage, Blue Wire Capital, Creator Ventures

Total Raised:
$4.2M

Comparables:
Mailchimp meets Substack

My Thoughts:
Literally the 18th fastest growing company we see right in our sourcing engine of 6 million+ websites. This product is clearly hitting a nerve in the market.

Taqtile

EVA Growth Index:

Product:
Hardware agnostic augmented reality platform to put information at the fingertips of deskless workers

Lead Investors:
Broadmark Capital, Ascend, Mesmerise, 5G Open Innovation Lab, Downer EDI Ltd

Total Raised:
$10.3M

Comparables:
Giri, Scope AR

My Thoughts:
As disappointing as the adoption of first-gen smart glasses has been, this type of technology will be a thing in the next decade. The amount of value that products like Taqtile provide is just impossible to ignore.

Tract

EVA Growth Index:

Product:
Online community where kids create multimedia educational content for other kids

Lead Investors:
New Enterprise Associates

Total Raised:
$9M

Comparables:
Youtube Kids

My Thoughts:
Two things I love here. Kids love watching other kids. Having grown up with a brother 15 years younger than me, I watched firsthand how he loved watching other kids’ vlogs on Youtube, and looking at these vloggers’ view count, he is not the only one. Second, providing the tools to create content easily should enable Tract to own both the content creation and consequent publishing as well.

Kizen

EVA Growth Index:
No external growth showing growth

Product:
No-code, enterprise-grade CRM and operations platform

Lead Investors:
Private Investors

Total Raised:
$12M

Comparables:
Caspio, NoCRM, Creatio

My Thoughts:
Traditional CRM platforms can be incredibly cumbersome to implement. For an enterprise, it literally takes months to set up legacy providers like Salesforce while consuming dozens of high-paid knowledge workers. This is why I believe a new-age CRM is an exciting prospect, as they got tens of billions of ARR from traditional CRM providers to disrupt simply by lowering the barriers of adoption.

Budge

EVA Growth Index:
No external sources showing growth

Product:
SaaS platform that enables employees to manage their debt and savings goals by streamlining contributions directly from their paycheck

Lead Investors:
Angles

Total Raised:
$1.8M

Comparables:
Spendee, Stickk

My Thoughts:
We have looked at ample d2c solutions that look to help individuals manage their financial health, and they barely get significant traction; people like painkillers, not vitamins. What intrigues me here is the b2b2c approach and going straight to the source of the paycheck with the employers potentially even incentivizing their employees to manage their financial health effectively. I’d love to see a product like this get mainstream adoption.

Hi, I am Nicolas von Blottnitz, an Associate at Headline’s SF office focusing on Consumer, Fintech, and SaaS businesses. Since joining in 2018, I have led our investments in Tabnine, Polygon, Flockjay, Solid, and Grin.

What is the EVA Growth Index?
The EVA Growth index is a composite of third-party data sources around a company’s website traffic. The vertical green lines in the charts represent a point in time where the company raised outside capital.

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Nicolas von Blottnitz

Early-stage venture capitalist at the global venture firm Headline and passionate surfer.