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dsm-firmenich Venturing and Sienna Venture Capital co-led the round and were joined by Pitango, BlueRed Partners, and Teseo Capital.

Obscure words series#

Incredo, a Tel Aviv-based foodtech startup, raised $30 million in Series C funding. Insight Partners led the round and was joined by ConnectOne Bank, PeoplesBank, The Banc Funds Company, and Mendon Venture Partners.

NYMBUS, a Jacksonville, Fla.-based digital banking solutions provider, raised $70 million in Series D funding. You can see Rewind’s viral investor presentation here. It’s transparent and shows that the company and the founding team is confident. It’s also a win for the investor because they know we’re not hiding anything-we’re out there publicly. There have been lots of founders who have reached out saying this was a brilliant idea and they love it and said ‘I’m going to do the same in my next round.’ So I hope this is the beginning of a trend. Will you use this method again for your next fundraising round? Do you think others will follow suit? That’s another really strong sign to me because I want to be doing this company for the rest of my life. NEA has a 15-year fund lifecycle and oftentimes they are buyers at the IPO, not just sellers. Most venture capitalists have a 10-year time horizon for investments-that’s their commitment to their limited partners. It really came down to their long-term orientation. I spent a lot of time with the finalists and some folks even flew out here to Denver which is really flattering. How did you choose NEA? You got other offers that would have valued the company at over a billion, but you didn’t go for the highest bidder. We got close to 2 million views on the pitch deck itself and over a thousand interested investors. It wasn’t an obviously good idea before we did it, but after we did it, it actually turned out to work way better than we ever expected.

So I thought, I’m not worried about competition, so why not just put it all out there and see what happens? There was a little bit of internal debate. And it turns out, it was a great way to save time because I was getting hundreds of inbound investors reaching out and I just didn’t have time to meet with everyone.

We thought, at minimum, it’d be a great way to be transparent. The main reason initially was to build trust with customers. Why did you decide to make your pitch deck public and conduct your funding round in such an unconventional way? For example, you can ask it to write you an email based on the context of a person you might know. We also integrate with Chat GPT so you can actually ask questions. The product we built is a MacOS app that captures everything you see and makes it searchable. So, I started this company really trying to answer the question: If there’s a hearing aid for hearing and glasses for vision, what’s the equivalent for memory? Our vision is to give humans a perfect memory. I spoke to Siroker about how he built his technology and how he decided to make his pitch deck public. “ being capital efficient, not having to change large language models, and having a proprietary data set-I think that really made investors salivate,” he explained. Siroker announced NEA was going to lead the round on May 9, even though the firm’s $12 million investment at a $350 million valuation wasn’t actually the highest offer the startup received. I feel like going out and actually casting a wide net not only gives you a lot more options but also gets you connected with somebody who you might not otherwise have thought to connect with.” As Siroker puts it, “Before online dating, you can still find love, but the pool of people you potentially meet is much smaller than you if you use online dating. He tells Term Sheet he was blown away by the response: He got 170 official offers and over a thousand investors expressed interest. Siroker made his pitch deck public and created a form for investors to pitch him with how much they were willing to invest in mid-April. Rewind AI CEO Dan Siroker found a creative way to conduct his most recent Series A funding, as The Information first reported.