Dear investor

I know I’ve been hyping up German startups (because they truly rock), but it’s time to add some global flavor to the mix. Ready for a world tour of innovation? Today, we’re exploring three game-changing startups from England, Iceland, and Israel.

But wait, there’s more! I’ve teamed up with InnoSource Ventures AG from Zurich, CH. They’ve got a stash of interesting startups I just had to share with you. I thought of channeling all the conversations through them to make things easy.

Marko here, CEO and Co-founder of Luccid from Berlin. Let’s go!

Let me brag first: 100+ processed sugar-free days!

I’ve gone over 100 days without processed sugar and junk food. And guess what? During this 100-day streak, I only lost 3+ months! I don’t see any changes. Has anyone else tried this and actually seen some benefits?

Today’s stories: Revolutionize Fund Management w/ Behaviour Lab, Eco-Friendly Drones w/ Svarmi, Automate Customs w/ AiDoc

1. Behaviour Lab

#B2B #SaaS #Fintech

Here is a problem I wasn’t aware of: the majority of the $115 trillion active fund management industry is underperforming, with less than 15% of funds beating their benchmarks. That’s a lot of expensive mistakes!

The industry lacks effective tools to objectively learn from past decisions and behaviors, leading to inefficiencies and missed opportunities for improvement.

Behaviour Lab spotted this opportunity and decided to fix this problem. They are empowering investment professionals, including asset and wealth managers, private equity firms, and executive boards with innovative tools to refine their investment processes objectively and learn from past decisions and behaviors.

By integrating AI, advanced data analytics, software, and behavioral science, they help identify strengths and areas for improvement, fostering continuous and transparent performance enhancements.

Why are they interesting?

Behaviour Lab has developed not one, but two tools for solving this problem:

Polygon - an innovative web-based diagnostic tool that analyzes historical equity investment decisions, highlighting strengths and areas for improvement.

Vertex - a framework to support unbiased investment decision-making for equity, fixed-income, and multi-asset teams.

Both of them transform intricate data sets into interactive graphs and 3D models, allowing businesses to explore their data intuitively and engage with it in new ways for better insights and decision-making.

Meet the founder

Magdalena Smith, founder & CEO, has the perfect experience to build a Behaviour Lab. She previously worked at McKinsey, specializing in behavioral insights and "Science of Change" initiatives. With a background in investment banking and academia, she advised executives on leveraging advanced analytics and behavioral science to drive organizational impact.

📍Behaviour Lab is based in London.

Traction & Ask

• Behaviour Lab has broke £1M+ in ARR.

• So far they have raised £4.5M to date

• Currently raising £5M for their Series A round.

Contact

• Adina Krausz - Founding Partner and CEO @ InnoSource Ventures

• Official email: [email protected]

• Or book a meeting with her team.

2. Svarmi

#B2B, #EnvironmentalTech

What do AI, Drones, biodiversity, and environmental resource management have in common? Well, I didn’t know until the founders of Svarmi explained.

Managing nature and biodiversity effectively is complicated and companies face significant challenges, especially when planning infrastructure or managing nature-dependent operations and supply chains, as in the food & beverage industry.

Traditional methods of collecting and analyzing environmental data are slow, costly, and often inaccurate. This causes a poor environmental impact assessment and missed chances for sustainable development, harming biodiversity and ecosystem health.

Svarmi decided to change this by introducing its nature data platform, DATACT®, where companies can better manage the data they already collect and complement it with new sources, such as from drones, and use artificial intelligence to better analyze detailed information about nature. This innovative approach helps companies make better decisions to protect the environment and promote sustainable development.

Why are they interesting?

The global environmental technology market is projected to exceed $700 billion by 2026.

Imagine a company planning to build a new road. Using Svarmi’s platform, a company can build a digital twin of the area, using detailed pictures from drones & satellites and instead of relying only on PDF reports from different experts, it can manage and store all data collected by different experts and stakeholders in a central platform.

This data-driven approach helps create detailed nature inventories, enabling better decision-making for environmental impact assessments and nature-positive infrastructure development.

Their customers are companies in the energy, infrastructure, and food & beverage sectors looking to better preserve information from their local environmental impact assessments, report with confidence on nature issues at the company level, and build a resilient long-term strategy.

Meet the founders

Tryggvi Stefansson is the founder and CTO of Svarmi. He has an M.Sc. in Mechanical Engineering and started the company over 11 years ago. For the past 4 years, he has served as Svarmi’s Chief Technology Officer.

Kolbeinn Hilmarrson, Co-Founder & CEO of Svarmi, brings a wealth of experience as a commercial pilot and nature finance expert. He has been leading Svarmi for 4 years and also sits on the board of Yggdrasill Carbon, a Nature-Based Carbon Project Developer and Festa Center for Sustainability.

📍The company is headquartered in Iceland

Traction & Ask

• Svarmi experienced 120% growth YoY in Q1 revenue (‘24 vs. ‘23)

  and is on track to close $950k by end of Q2024, 60% of that is

  already contracted.

• They are raising €1.4M round from which they have already raised €900K as SAFE; currently raising an additional 500K euros in the ongoing round; Svarmi is planning to raise €3M once a lead for Series A is committed.

Contact

• Adina Krausz - Founding Partner and CEO @ InnoSource Ventures

• Official email: [email protected]

• Or book a meeting with her team.

3. AiDock

#B2B, #SaaS, #logistics

The global market for logistics automation is estimated to reach over $80 billion by 2026. But here’s the problem: customs paperwork is slowing down everything, those guys missed the 21st-century update.

Most of the tasks are done manually! This involves sorting through documents, extracting data, and classifying items with HS codes, which is boring, time-consuming, and prone to errors.

This inefficiency hampers productivity and compliance for logistics companies, customs brokers, and compliance officers.

AiDock addresses these problems by providing AI-powered solutions to automate and streamline customs document processing, data extraction, and HS code classification, enhancing operational efficiency and compliance.

Why are they interesting?

Logistics companies who are using AiDock's AI-powered platform are speeding their process and avoiding unnecessary errors. Their employees can now focus on moving goods efficiently, improving productivity and compliance.

AiDock's AI uses neural networks to handle unstructured document analysis, freeing human employees to focus on more valuable tasks. Their mission is to enhance workflow, reduce errors, and boost productivity in document processing across various industries.

Meet the founders

David Golin, CEO and former CEO of Maersk Israel. I don’t have to explain that this guy knows customs and logistics inside-out. He has 20+ years in the supply chain, strong commercial acumen, and a customer-centric approach.

Tomer Shamir, Co-Founder and COO of AiDock, has over 15 years of experience in the supply chain and logistics sector. Before AiDock, he served as Vice President of Global Business Development at Mentfield Logistics Group and worked in sales and marketing at DHL.

📍The company is based in Israel.

Traction & Ask

• The company is expecting 1.1 million USD in ARR by the end of the year.

• They are raising 3 million USD in their Series A round. So far they raised 7.5 million USD in total.

Contact

• Adina Krausz - Founding Partner and CEO @ InnoSource Ventures

• Official email: [email protected]

• Or book a meeting with her team.

Got Startups Ready for the Spotlight?

Do you have startups raising their next round? I can help! Let me know, and I will feature them. It will not cost you a lot 😉 

Until next time! 👋🏻