Oslo-based DeckMatch is matching decent pitch decks with VC using an AI-powered platform. Taking the grunt work out of sifting through hundreds of start-up pitch decks, Leo Gasteen and Walid Mustapha’s solution evaluates start-up pitch decks for the stage, sector and model of a business, the problem it’s solving, its scalability and opportunity size, and the founders’ experience and domain expertise. DeckMatch also provides feedback to founders about their pitch deck.
The solution is being tested in a closed Beta with over 60 VCs and while it's aimed at the investment sphere for now DeckMatch has also identified recruitment and procurement as potential industries for the future.
The start-up has raised a Pre-seed funding round of €1 million which was co-led by Alliance VC and Skyfall Ventures and includes participation from serial entrepreneur Nicolaj Højer Nielsen, amongst others.
"We are big believers in the potential of DeckMatch to make VC firms not only more efficient and data-driven, but capable of making better investment decisions. We are delighted to back Leo, Walid and the rest of the DeckMatch team as they build a technology platform that will bring genuine innovation to the VC industry and beyond," says Arne Tonning, Partner at Alliance VC.
“We envision a future where decision-making processes in venture capital and other industries are data-driven, meaning more time is freed up for more strategic, creative, and human-centric endeavours, such as decision-making and relationship building. When we look at VC, the shift from pen and paper to Word and Excel is probably the most seismic shift the industry has felt to date. We see a curious juxtaposition of VCs being the backers of change, whilst seemingly being immune to change and disruption. We thank our investors for this early investment, which will enable us to enhance and further develop our product, and scale our team," says Gasteen.