DFW #8: Web3, Deathtech, Fintech, Tax, Edtech
Hi all - I had a great time off last week in the highlands - back to it this week! This week features web3, healthtech, fintech, consumer tax, b2c, foodtech, fitness, edtech, deathtech, and foodwaste coming from companies based in 1 country all at the seed stage. Enjoy.
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042 Inovat 🇬🇧🌍🌿
FinTech, TravelTech, Female Founders, Underrepresented Founders, ✓SEIS/EIS
Inovat helps travellers save money on shopping abroad
Market: Tourists from the UK, Switzerland, Middle East, Asia and USA
Problem: >65% of VAT claims are not received due to the process
Solution: Inovat is a digital VAT refund solution
Traction: Processed more than $200k in tax refundable sales
Team: 4 (🇬🇧🇨🇾) Ilya Melkumov, CEO. Sold first business in gaming at age of 19 to a gaming corporation, VC investor at FOM Capital focused on early-stage investments; Sofiia Baranova, COO. 30th employee at Revolut focused on operations and legal, VC investor at Fuel Ventures; Igor Titov, CTO. Tech Lead at Tinkoff Bank, built a payment product used by 1m customers daily.
Backed by: Ex-head @ Bolt UK, Product Manager @ Snap, Finance Professional
Based in: London, UK
Raising: £400k (GBP) (50% Committed)
ℹ️ More info
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043 Kitchen Operating System 🇬🇧🌍🌿
SaaS, IOT, Foodtech, Restauranttech, Food Waste, Underrepresented Founders, Social Impact
Kitchen OS delivers IOT based SaaS solutions to address the challenges of food safety, food waste & sustainability for hospitality & food service businesses.
Market: Hospitality, Food Service, Food production.
Problem: Rising costs, a lack of staff & regulation compliance.
Solution: Automated regulation compliance & food waste management
Traction: £3500 mrr, Smart Scales MVP & Pre-orders.
Team: 6 (🇬🇧🇸🇬🇮🇳🇳🇬) Neil Bradley, Narendra Payyala, Sarah Meaney
Based in: Newry, UK 🇬🇧
Raising: £500k (GBP)
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044 Biscuit Tin Planning 🇬🇧🌍🌿
SaaS, DeathTech, FinTech, Web3, Female Founders, ✓SEIS/EIS
SaaS DeathTech company offering a personal, digital vault that securely organises life information including accounts, documents, wishes and memories all in one place. Released to those you nominate when you die, alleviating the administrative burden of the bereaved and providing a digital legacy of memories to be handed down the generations.
Market: 35-54 year olds with parents; >55 year old retirees who are digitally savvy (i.e. use online banking)
Problem: Many leave an administrational mess behind when they die.
Solution: An automated ‘life closedown’ process with suppliers, digital biography of memories and web3-powered death verification process
Traction: > 1000 Users, 5 partnerships with a potential Customer base of over 2m
Team: 4 (🏴) Sheila Hogan, CEO; Kenny Baxter, VP Engineering; Iain McKenna, Sales Director; Iain Mackay, Chair
Backed by: Velocity Capital, Scottish Enterprise (Scottish Venture Fund). Sarah Whitley (ex Partner Baillie Gifford)
Based in: Edinburgh, UK 🏴
Raising: £500k (GBP)
ℹ️ More info
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045 Hodi TV 🇬🇧🌍🌿
SVOD, Marketplace, B2C, Online Platform, Edtech, Consumer, Fitness, Social Impact, ✓SEIS/EIS
Masterclasses For Adventure Sports. A platform for Adventure Sports enthusiasts to learn from Professional Athletes they would never be able to meet, and to accelerate their learning in Sports that are hard to practice due to Weather, Terrain and Remoteness.
Market: Adventure Sports ($600bn +4% CAGR Market)
Problem: Not being able to learn and progress
Solution: Masterclass Video Tutorials from Professional Athletes
Traction: Paying Customers with no Advertising
Team: 3 (🇬🇧) James Davies (Founder)
Backed by: Independent angels (exited founder)
Based in: Manchester, UK 🇬🇧
Raising: £1.2m (GBP) (15% Committed, Lead Secured)
ℹ️ More info
046 ReMeLife 🇬🇧🌍🌿
Web3, Healthcare, Female Founders, Underrepresented founders, Social Impact Business
The worlds first crypto rewards based health and social care platform. ReMeLife enables true person centred care, and rewards those in a person’s community that are providing care, support and engagement which is tailored to the individual.
Market: Crypto-natives, carers
Problem: Community engagement in care
Solution: Incentivising care through tokenized rewards
Traction: Successful trials of software in many care settings.
Team: 8 (🇬🇧) Simon Hooper
Backed by: Sir Vince Staple, Stephen Apal, private investors
Based in: UK
Raising: £5m (GBP)
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Interested in previous issues? Find the previous 6 below:
Issue # 7: Proptech, procuretech, AI, consumer language learning, low production quantity ethical sourcing, sdg, marketplace, adtech, and live-streaming ecommerce coming from companies based in 3 countries ranging from pre-seed to seed stage.
Issue # 6: Social, wellness, safety & sports tech, hardware, music ticketing tech, circular economy, marketplace, biotech, sustainable packaging, and cannabis/CBD testing opportunities coming from companies based in 3 countries ranging from pre-seed to seed stage.
Issue # 5: Circular economy, climate tech, fintech, enterprise saas, 3D modeling, holographic visualisation, mobile fitness tech, ecommerce, sustainable shopping, and charity payments SaaS coming from companies based in 3 countries ranging from pre-seed to seed stage.
Issue # 4: Marketplaces, agtech, consumer social, web3, influencer marketing, enterprise dev tools, foodtech, SaaS, and fintech coming from companies based in 3 countries ranging from pre-seed to seed stage.
Issue # 3: Mobility, climate tech, advertising, marketplaces, gig economy, HR tech, dev tools, circular economy and blockchain coming from companies based in 3 countries at seed stage.
Issue # 2: Construction recruitment tech, AI, HR tech, e-learning, ecommerce, creator economy, travel, and sports tech opportunities coming from companies based in 3 countries ranging from pre-seed to seed stage.
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Key: 🌱=Pre-seed 🌿=Seed 🪴=Series A/B 🏢= Not remote 🌍 = Remote