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Business information provider RoyaltyRange raised €4M+ from current and new investors
RoyaltyRange, a leading provider of professional databases used in International Tax and IP Valuations, attracted more than €4M in a joint investment from a diverse group of investors. The round was led by Prague-based VC fund Presto Ventures and was joined by experienced venture capital firms Trind Ventures (€1M) and ZGI Capital (€1M) and a number of angel investors from the Baltic region and Finland. The funding will be used to further grow and deepen the breadth and quality of data used in the company’s product portfolio. RoyaltyRange focuses on the market for databases – a fast-growing area within International Tax
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In Spotlight: Neural DSP
About Neural DSP Neural DSP produces state-of-the-art amplifiers and plugging powered by artificial intelligence and neural networks. Their mission is to empower musicians by democratizing access to world-class sound. Neural DSP was founded in Helsinki, Finland 2017 by Chilean musicians Douglas Castro and Francisco Cresp. Neural DSP was the second company for Douglas, having founded Darkglass Electronics earlier in his career. With both companies, his dream has been the same: To create products that would help musicians take their sound to the next level. The Product Neural DSP aims to develop technology to advance the stage of the art in
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How to Fix a Broken Cap Table?
Our previous article was about the importance of an investable cap table. After that article, we got approached by founders asking how to fix a broken cap table. While the best way to avoid this situation is to not give out too much equity in the first place, other tools can be used to solve the problem. In this article, we take a look at some of these tools. Avoiding Overdiluted Cap Table To keep the cap table investable, the best solution is to avoid overdiluting it. While dilution is inevitable in equity investments, some ways can be used to
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Cap Table Management in Funding Rounds
A healthy cap table is essential to ensure the company’s investability going forward. In this article, we look into a healthy cap table and how to take the cap table into account in future funding rounds. Why is cap table management critical? As investors like to maximize the return on their investment, trying to minimize the valuation is quite common. However, the investors should not be too greedy: Getting greedy in acquiring a stake is not necessarily beneficial to the investor. By taking too much equity, the investor may mess up the cap table so that the founders and key
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In Spotlight: Boksi
Boksi is a company bridging the brands and the creator economy. They offer a platform where creators and brands realize their creative potential, making influencer marketing and content sourcing simple. Boksi was founded in 2018 by Lasse Laaksonen, Linus Lindgård, Dan Lindholm, and Tomer Atzmon. The company offers a curated network of global content creators who create on-demand photo and video content for brands. Algorithms match content creators with the brands they fit best. In addition, the platform analyses posts of micro-influencers on Instagram and maps the behavior and preferences of their followers. Boksi for Brands For brands, Boksi offers
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What is net revenue retention, why is it important for startups, and how to improve it?
Net revenue retention is a financial metric that measures the amount of revenue a company can retain over a given period. It is an essential indicator of a company’s growth and it’s sustainability and acts as a benchmark for determining its value and attracting additional funding. In this blog post, we take net revenue retention, how it is calculated, why it is essential for venture capital-backed startups, and what the founders can do to improve it. About net revenue retention Net revenue retention is a financial metric measuring the revenue a company can retain over a given period. It is
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Trind Invests in SACLÀB
Trind Ventures invests in SACLÀB, the online marketplace for pre-loved luxury designer bags, as the company raised 1.6 million euros from Trind Ventures and G-Fund. With the funds, the company seeks to tenfold its turnover. We continue our consumer investments from our second fund with an investment into SACLÁB. In this post, we talk more about this designer handbag resale startup, the journey of its founders, Alexandra and Jan-Oliver, and the investment itself. Investments are highly competitive – especially in e-commerce, following post-pandemic declines in online sales. The exception: the fashion resale market is booming and has nearly tripled since 2020, showing
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Chatchamp Merges with trbo
Trind Ventures Fund I saw its second exit when the personalization platform trbo acquired guided selling provider Chatchamp. Online users have high expectations of the browsing and shopping experience; they expect content and offers individually tailored to their needs. To expand its existing product portfolio by providing a perfect guided selling module, the personalization platform trbo has combined forces with its long-standing partner Chatchamp. In the future, Chatchamp and trbo will jointly align their strategic product development with growing even closer together and offering their customers more options to create a perfect onsite user experience. The two solutions will also
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What is product-led growth?
One component we look for in the companies we invest in is product-led growth. But what is product-led growth, and why are we targeting those companies? In this blog post, we will answer these questions. What is product-led growth? Product-led growth is a business model and go-to-market strategy in which a company’s product is the primary driver of customer acquisition, expansion, and retention. This approach is particularly relevant for startups looking to scale quickly and effectively, as it allows for sustainable and predictable growth without the need for heavy sales and marketing efforts. The traditional sales-led model focuses on acquiring
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Who Was the Founder of the Year? – Recap of the Estonian Startup Awards 2022
Estonian Startup Awards 2022 took place on January 27th. This year Trind portfolio companies and founders were well-represented in the awards. Timmu Töke / Ready Player Me The Founder of the Year 2022 was Timmu Töke of Ready Player Me. Timmu Tõke has overseen Ready Player Me as the CEO for nine years, through countless pivots, and in 2022 raised a $56M B-round led by US investor Andreessen Horowitz (total funding is now $72M). Ready Player Me – in its current form – was launched in 2020 and has since been rapidly scaled to 5,000+ customers across the metaverse. Clients
