Sep 12, 2022
Top Seed Companies: Userpilot, JusticeText, Haven RX, Nectar
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.
Userpilot
EVA Growth Index:
Product:
Developer platform to measure product engagement and build personalized in-app nudges to increase feature usage
Lead Investors:
Silicon Badia, 500 Startups
Total Raised:
$5.9M
Comparables:
Pendo, Appcues
My Thoughts:
The smallest nudges and queues at the right time can drive major increases in feature adoption, which usually leads to greater retention. Especially for complex products, this is a must-have solution, which speaks to a major platform like Adobe being customers of Userpilot.
JusticeText
EVA Growth Index:
Product:
SaaS platform for attorneys to analyze and manage video evidence at scale
Lead Investors:
John Legend, Parameter Ventures, Aston Motes, Google for Startups, Higher Ground Labs, Reid Hoffman, Dorothy Chou, Incite.org, Bloomberg Beta, Tubbs Ventures, MIT Solve, True Ventures
Total Raised:
$2.3M
Comparables:
Magnet Forensics
My Thoughts:
With the proliferation of smartphones, almost everything these days is caught on camera, which leads to “over 80% of criminal cases involving video evidence”. This seems like a must-have tool for attorneys, and I bet the same technology could be leveraged across different use cases as well.
Haven RX
EVA Growth Index:
No external sources showing growth
Product:
API to provide pharmacy services in digital interfaces or workflows to improve access to affordable medications
Lead Investors:
Google for Startups
Total Raised:
Undisclosed
Comparables:
N/A
My Thoughts:
With healthcare increasingly moving online, Haven RX is well positioned to become the backbone of driving medication purchases in any digital UI. I find this an incredibly smart and timely product.
Nectar
EVA Growth Index:
No external sources showing growth
Product:
Fintech platform for property owners to drive real-time rental advances, lease deposits, and property financing
Lead Investors:
Coromandel Capital
Total Raised:
$25.5M
Comparables:
Steady Rent
My Thoughts:
There are not many asset categories with such low pricing fluctuations and predictable cashflows as the real estate space, yet access to cash and capital in the space moves incredibly slowly. Nectar’s digital-first approach might just be able to solve this and build a massive business upon this.
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.
