Betting big on the trend, Cologne-based meeting startup tl;dv has raised €4.3 million in funding to record, transcribe, and timestamp virtual meetings. The seed round was led by Madrid-based K Fund, with participation from existing investors Seedcamp, Mustard Seed Maze, and another.vc. The round was also joined by Shilling.vc, as well as other European founders and angel investors, including Oscar Pierre, co-founder and CEO of Glovo.
The German startup allows meeting participants to record, transcribe and highlight important moments from any live meeting. Going forward, the company will double down on bundling live meeting insights across various meeting providers, adding Zoom to their already existing integration with Google Meet.
According to co-founder and CEO, Raphael Allstadt, the demand for solutions to record meetings and share them with the wider team and company has soared since the beginning of COVID. “We’re still talking about how remote the future of work would be. However, the true macro-trend that’s accelerating is asynchronous collaboration at scale.”
So what’s the platform doing differently? tl;dv’s play is to surface the important moments from the platforms that teams already use to collaborate and offer integrations with productivity tools such as Slack, Notion and CRMs like Hubspot or Pipedrive. It also uses the feature of discoverability, fueled by a powerful search engine that allows users to find any spoken word from any meeting.
Jaime Novoa at K Fund added: “For a long time at K Fund, we’d been recording some of our internal meetings so that they could be consumed at a later time by those not able to attend. This exploded with the pandemic and hybrid forms of work. tl;dv brings this to another level and we’re obviously heavy users at the firm. It’s not only about the pure aspect of recording calls, but also about the way it integrates with other productivity tools such as Calendar, Notion, Google Docs, etc so that it becomes an essential part of the way we work”