Investment Memo: VOLVE

We, at UCL Entrepreneurs Society’s VC Fund, fuel early-stage start-ups run by UCL students or alumni with equity-free seed capital.
In March 2021, we made a £2,000 equity-free investment in VOLVE.
So, here is why we believe in VOLVE’s potential.

The idea:

VOLVE is founded by an UCL alumni and is on a mission to accelerate engineering. They are creating a workflow symbiosis between human engineers that use their creativity to set problems and AI as a computational force to solve them. They developed the first drone engineered by AI in partnership with Autodesk.

Team, Technology, Traction, Impact:

The product showed strong defensibility and impressive technical versatility despite the early stage. A large addressable market and macro industry drivers also highlighted the potential for fast scale-up and consistent future growth. In addition to a passionate team with strong expertise within the field of computer science and AI, the impressive early traction in the relatively nascent drone market was particularly important to the final decision.

Author:
Alice Pavin, Investor and Director of the UCLE VC Fund (2021–2022)