Veo Raises $6M Series A to bring its ‘AI camera’ for soccer matches to the US

Danish startup Veo invented an AI camera for recording football matches and has now raised $6 million in A-round funding. Money earmarked at expanding into the U.S. market.

Every year, millions of football games are played worldwide for the sport’s four billion fans. Almost none of these are recorded – and nor are the millions of goals and unique football moments.

Danish startup Veo has solved this problem with a portable and affordable football camera that allows anyone, anywhere to record and analyze football matches without the need of a cameraman. The company raised six million dollars in A-round funding led by pan-European Ventech Capital, U.S.-based Courtside Ventures, and Danish VC Seed Capital. The new capital will be used to launch in the U.S. in an effort to penetrate the North American market, and Veo cameras already started shipping to US and Canadian clubs.

“Henrik and the Veo team have harnessed their impressive creativity and entrepreneurial vision to transform how important moments are captured in the sports industry. We are excited to support Veo’s global ambition to share their best in class, AI-powered video solution to football teams worldwide,” explains Ventech Partner Tero Mennander on the global, early-stage VC’s investment.

“With this injection of capital, we can start meeting our own expectations of becoming a central player, both on the North American and the global football market”, says Veo CEO and founder Henrik Teisbæk.

The Veo football camera provides a solution to a prevalent problem in football teams on most levels: To record a football match or -training properly, a club needs a cameraman who can follow the players from an elevated spot by the pitch and has the technical knowhow to cut and edit highlights from the full recording. For the vast majority of football teams, this is not a realistic setup.

“We have an ambition of making video technology a natural part of football – in all clubs, on all levels. Not only in the biggest clubs who already have the resources to do so and just want an easier solution. But especially for the smaller clubs who haven’t had the opportunity to record football like this, until now,” says Henrik Teisbæk.

The camera itself is a dual 4K lens camera that records the entire pitch. And because it requires no cameraman, it can be mounted on a 23ft tripod with optimal view. The real magic, however, lies in the processing where Veo’s patented AI-powered software detects both ball and players to create a perfectly balanced broadcast view for its users. Just like a football match on TV. Both Veo’s software and hardware is developed and produced in the company’s office in Copenhagen, Denmark, where 35 people currently are employed.

In the last year alone, 25,000 games have been recorded by 3,000 teams in 50 countries worldwide using Veo. That’s 13 times more than Europe’s five biggest leagues combined, and as Veo keep increasing its sales, these numbers will grow exponentially, turning Veo into probably the biggest football broadcaster in the world.

Veo was founded in 2015 Henrik Teisbæk, Jesper Taxbøl and Keld Reinicke. See it in action yourself here: https://player.vimeo.com/video/333529341

 

Swedish Fintech-challenger Capcito raises €7m for international expansion

Swedish Fintech-company Capcito has closed an investment in the amount of EUR 7 million. Schibsted Growth and pan-European VC Ventech have joined owners SEB Venture Capital and Collector Ventures in support of Capcito’s next stage of growth.

In an increasingly competitive industry, Capcito has gained significant traction in the past 12 months through fast growth and a 500% increase in active clients. Thus far ~EUR 80 million have been paid out to growing businesses through Capcito’s automated financing platform.

  • There is an obvious demand among growing businesses for a costworthy, flexible and digital provider of working capital to small businesses, says founder Michael Hansen on the firm’s competitive advantage and growth.
  • One of the biggest obstacles for companies to develop and grow is access to working capital, and the available alternatives are seldom costworthy or transparent flexible enough. I am convinced this is why we are growing rapidly in an industry which is highly competitive but contains lots of old-fashioned players, says Hansen.

Capcito’s credit assessment is automated, which means that an available credit amount is calculated instantly – based on real-time data from an invoice- or accounting software. So far 6,000 businesses have connected and are profiting benefitting from access to a pre approved credit facility, factoring and invoice discounting services.

  • Capcito can help businesses and entrepreneurs with working capital, in a completely new way. Finally, things are happening within the fintech for b2b space, both in Sweden and internationally. We want to be a part of that transformation, says Dan Ouchterlony, Investment Manager at Schibsted Growth.
  • We believe Capcito is positioned to change the financing marketplace with their concept of automated financing – and that is a journey Ventech wants to be a part of. I look forward to helping Capcito facilitate its international expansion and continue its exponential growth, says Tero Mennander, General Partner at Ventech Europe.

In connection with the investment, Dan Ouchterlony from Schibsted and Tero Mennander from Ventech will take up seats on Capcito’s board.

This capital injection enables Capcito’s international expansion and further sharpening of its digital product.

 

Tilkal lève 3,5 M€ pour mieux répondre à l’exigence de transparence des consommateurs et consolider la traçabilité des filières industrielles grâce à la blockchain

Paris, le 17 juin 2019 – Tilkal, infrastructure logicielle pour la traçabilité et la transparence des supply chains, annonce une levée de fonds de 3,5M€ auprès de Breega (investisseur lead), de Ventech et de business angels. Ce financement permettra à Tilkal de devenir l’un des premiers opérateurs de la traçabilité en Europe. 

UNE PERTE DE CONFIANCE CROISSANTE DU CONSOMMATEUR

À l’origine, il y a un constat simple. La perte de confiance du consommateur est devenue un véritable enjeu pour les industriels : 75% des consommateurs déclarent ne plus avoir confiance dans les produits qu’ils achètent, et 28% seulement font confiance aux marques, un phénomène amplifié par des crises sanitaires de moins en moins tolérées, et plus généralement par le développement du commerce illicite (contrefaçon, marchés gris, ingrédients non conformes, travail d’enfants, etc.).

En conséquence, la traçabilité des produits est devenue le défi premier des supply chains et nécessite d’être repensée en profondeur.

La solution développée par Tilkal apporte une réponse globale permettant de passer d’une analyse statique et ponctuelle des cahiers des charges à une analyse dynamique et continue des pratiques et des échanges entre industriels.

UNE INFRASTRUCTURE LOGICIELLE AU SERVICE DE LA TRANSPARENCE GRÂCE À  BLOCKCHAIN ET BIG DATA

En combinant blockchain et analyse (big data), Tilkal permet enfin la reconstitution et le contrôle de l’ensemble du cycle de vie des produits.

L’infrastructure réunit les parties prenantes au sein d’un réseau de traçabilité temps réel des produits, de la production à la distribution. Tilkal fournit à chacun une “tour de contrôle” de la supply chain pour en analyser le fonctionnement de bout en bout ainsi que des outils de transparence vis-à-vis des clients finaux (applications mobiles). Avec Tilkal, il devient possible de fiabiliser des processus critiques tels que les rappels produits, et de permettre au consommateur de choisir ses produits sur la base d’une information engageante, en confiance et en conscience.

L’UNE DES TOUTES PREMIÈRES SOLUTIONS DE TRAÇABILITÉ “BLOCKCHAIN” DÉPLOYÉE EN FRANCE

Tilkal a mis en oeuvre avec Groupe Casino et plusieurs coopératives la traçabilité de plus de 8M de produits par an actuellement disponibles en magasin (miel, volaille et œufs). Tilkal est également présent dans une dizaine d’autres filières agroalimentaires parmi lesquelles le porc, le transport de frais, le lait infantile, les compléments alimentaires. Des projets sont en cours dans la restauration collective ainsi que dans d’autres industries.

“À l’origine, Tilkal est né de notre engagement à Joseph, Sébastien et moi-même, de contribuer à une économie plus éthique et plus responsable. Cet engagement trouve écho auprès de nos clients, qui souhaitent légitimement se différencier en démontrant leur maîtrise industrielle bout en bout. Aujourd’hui, pour continuer à innover et à nous développer, nous comptons sur des partenaires financiers tels Breega et Ventech, engagés, ambitieux et ayant la capacité de nous accompagner dans notre développement au service du secteur agro-alimentaire, puis vers d’autres industries” – Matthieu Hug, CEO et co-fondateur de Tilkal.

“La traçabilité et la transparence sont des enjeux que nous connaissons bien chez Breega. La solution développée par Tilkal prend en compte les questions essentielles de la localisation des nœuds et de la gouvernance du réseau. On garde ainsi l’équilibre entre les différents acteurs engagés. Il est en effet essentiel de s’assurer que la blockchain ne permet pas à un seul acteur de s’approprier les données de toute une filière.” – Maximilien Bacot, Partner chez Breega.

“Tilkal propose une solution de traitement et de partage des données industrielles, aux filières agroalimentaires. Acteur européen, elle leur permet d’assurer le contrôle et la souveraineté de ces données, ce qui est un différenciant important. L’enjeu est comparable à celui des données personnelles.” – Claire Houry, General Partner chez Ventech.

4Stop Closes $2.5M Series A Round to Expand Its Global KYB, KYC, Compliance and Anti-Fraud Technology

4Stop, a leading global KYB, KYC, compliance and fraud prevention provider announces today its successful completion of a German-based $2.5 Million Series A Round Investment from Ventech.

Ingo Ernst, CEO of 4Stop states: “This is another major milestone for 4Stop, one that we are all very proud of achieving and a true endorsement of our business and technology potential. We are very excited to take this opportunity to expand our business, team and our KYB, KYC and anti-fraud technology solutions. Allowing us to further facilitate modern, leading-edge risk-based management, from a single API solution.”

The global growth of online transactional engagement paired with its increasing fraud rates, identity thefts and continuous evolution of the regulatory requirement landscape makes it imperative for businesses operating online to ensure they implement a solution that future-proofs their compliance and fraud defense. A need for simplistic, all-encompassing risk management solutions is proving pertinence and supports 4Stop’s technology development, market value proposition and strategy.

4Stop dramatically saves businesses time and money underwriting merchants, managing their anti-fraud processes and eliminates the need to integrate multiple 3rd party KYC data sources. “We provide businesses with near real-time KYB, thousands of global data points, hundreds of KYC data sources and leading-edge, smart anti-fraud technology, all from a single API integration. Ensuring the most efficient, optimal data experience and future-proofed risk management processes are obtained. Bringing confidence to every merchant onboarded through to their customers and associated transactions, empowering and accelerating business performance”,  states Ernst.

4Stop’s technology has received “Best Financial Transaction Security Platform” by Fintech Breakthrough Award earlier in 2019 and has received “Best Risk Management Solution Provider” in 2017 and 2018. Additionally, 4Stop’s value proposition has already been implemented by global payment and crypto leaders including Mifinity, Paymentz, Paysend, Gatehub and Draglet.

“We believe 4Stop has only began to realize its great potential and is well on its way to turning the burden of compliance into a driver of business operations excellence in the payment & Fintech industry; Ventech is thrilled to partner with 4Stop in their next chapter. We look forward to leveraging our broad and strong investment expertise and 20+ years of experience internationalizing of early stage companies.” explains Ventech Principal Stephan Wirries.

For more insight on why we partnered with 4stop: https://medium.com/@wirries/one-api-to-r%CC%B6u%CC%B6l%CC%B6e%CC%B6-help-them-all-a6151bdfb7e5

Finnish IoT Innovator Treon announces €1m seed funding from Angel Investors and Ventech

Treon, a Finnish Tampere-based company that develops smart wireless devices and hardware platform for IoT-solutions, announced today that it has raised a 1MEUR seed funding round with the support of a strong group of angel investors and leading early stage global VC Ventech.

“We’re so proud of the progress we have made since Treon was founded in late 2016. We have already established Treon as a hardware product design company of choice for market innovators such as Varjo (www.varjo.com) and HappyOrNot (www.happy-or-not.com)”, says Treon CEO Joni Korppi.

“The new funding and a group of experienced investors will help us to focus even more on development and global market introduction of Treon branded products for IoT-solutions, starting this year already.”

INVESTORS TRUST IN TREON’S EXPERIENCED TEAM

The seed funding of 1MEUR shows an eminent and global trust in Treon and its product development, as well as in its already existing products. The funding comes from two major parties: a group of independent, experienced entrepreneurs, and Ventech (www.ventechvc.com), the leading pan-European VC fund investing in early-stage tech-driven start-ups.

“In Treon, we are most impressed by the people: an experienced, and highly qualified and innovative team of smartphone professionals with exceptional pedigrees who made a successful transition to developing hardware and software for IoT-solutions,” says Tero Mennander, General Partner at Ventech. “Particularly when combined with the IoT product market uptake, Treon stands out as an exceptional fit for our vision and strategy.”

HARDWARE IS A KEY BUILDING BLOCK FOR SUCCESSFUL IOT-SOLUTIONS

The seed funding will help Treon to continue developing exciting ground-breaking products to selected IoT-solution areas, such as Industrial Condition Monitoring and Asset Management, and bring its current portfolio of devices to market.
Treon Gateway is an edge computing platform that can connect a mesh of sensor devices to any cloud platform. Wireless mesh networks are easy and cost-efficient to deploy, adaptable and freely expandable. Treon Gateway comes with preloaded support for Wirepas Mesh and its hardware is ready to support Bluetooth Mesh.

Treon Node and Treon Industrial Node are wireless, battery-operated sensor devices that operate in a mesh network. Treon Node measures indoor environmental and air quality via a variety of sensors. Treon Industrial Node monitors the condition of rotating equipment, such as pumps, by measuring equipment vibration and surface temperature. Treon Industrial Node has been codeveloped with Sulzer Ltd (www.sulzer.com) and will be commercially available during the first half of the 2019.

“Great hardware is a key building block for IoT-solutions in many vertical solution areas. We will continue to work closely with our customers, old and new, to bring to market products that are designed both for industry and customer needs. Our investors are helping us in this work, both concretely and mentally, and we are grateful for that,” says Joni Korppi.

Botify Raises $20M in Series B Funding, Opens Seattle HQ

Botify​, the new standard in organic search marketing, today announced that it has closed $20 million in Series B funding and is opening its second U.S. headquarters in Seattle, Washington. Botify’s Series B financing was led by IDInvest, with participation from Ventech, bringing the company’s total funding to $27 million. The investment will be used to fuel product innovation, customer adoption and success, and global expansion.

“With today’s financing and the tremendous support of our investors, we will further cement Botify as the go-to partner for enterprise search professionals,” stated Adrien Menard, CEO and Co-Founder of Botify. “Since we founded Botify in 2012 and subsequently made our U.S. debut in 2016 at​ ​Techcrunch Disrupt​, organic search has gained complexity due to ‘mobile-first’ initiatives and the predominance of Javascript. Botify is in a unique place to solve these complexities with our device-agnostic, technical SEO platform, which is quickly becoming the new standard interface between search engines and large websites looking to be indexed in organic search results.”

Botify’s Seattle headquarters, which opens March 1, will be home to both sales and customer success professionals. This team will extend Botify’s worldwide footprint, providing enterprises with the data, tools, and diagnostics necessary to create and maintain high quality digital assets for search engines and voice assistants.

“We believe that Botify has the right vision for this market.They’re delivering a great impact for their customers and are poised to take the enterprise search marketing sector to new heights,” said Benoist Grossmann, Managing Partner, IDInvest. “We are extremely impressed with the
work Botify has done to date and we’re very excited to continue to support them in this next chapter.”

Thomas Grange, CTO and Co-Founder of Botify continued, “Search is the DNA of the web, if it doesn’t work, the web doesn’t work. With approximately 80,000 queries done every second on search engines, it is critical for companies to optimize the organic search process to be found. In fact, if you’re searching the web, you’re likely clicking on results optimized based on insights provided by Botify as we are working with some of the world’s largest enterprises such ​as Expedia, Nike, Marriott, and hundreds more.”

The funding comes on the heels of a stellar year in which Botify grew over 200% in the U.S. and delivered many innovations, such as structured data analysis, javascript crawling, mobile versus desktop parity content analysis; and the release of Botify Keywords. Additionally, Botify received numerous accolades in 2018 including being ​named one of the leading enterprise SEO platforms by MarTech Today and receiving the ​French BPI Innovation Award for its Botify AI project about content quality.

[Image c/o TechCrunch]

Antidot announces a €5.5m funding round from Ventech and CM-CIC Innovation to accelerate its international deployment of Fluid Topics

Antidot, the software vendor behind Fluid Topics Dynamic Content Delivery platform, announced today that it has closed a €5.5m financing round from pan-European investment fund Ventech and its historical partner CM-CIC Innovation (a member of Crédit Mutuel Alliance Fédérale Group).

With roots in Lyon and Lambesc (France) and field operations in Boston (US), Antidot has been developing innovative search and enrichment technologies that help companies leverage their textual content since 1999. Capitalizing on its expertise, in 2015 Antidot launched Fluid Topics, a Content Delivery Platform that revolutionizes how technical documentation and product information is published and accessed in Customer Support and Field Maintenance applications.

Antidot targets makers of sophisticated products (software vendors, industrial firms, high-tech equipment manufacturers, infrastructure operators, financial services, etc.) for whom seamless access to technical content is critical to product adoption and customer satisfaction.

This funding enables Antidot to accelerate the development of its strong technology roadmap around content delivery. Building on recent successes with major customers that include Talend (US), Teradata (US), Kone (Finland), Médiamétrie (France) and EasyMile (France), this €5.5m capital infusion also signifies an increase in Antidot’s global coverage as the firm endeavors to both strengthen its US operations and deepen its focus on Northern and Central Europe.

Fabrice Lacroix, CEO and Founder of Antidot, attests to the value of this funding, explaining: “We are pleased to receive the backing of a global investment player like Ventech, and a renewed commitment from CM-CIC Innovation who has been supporting us since the beginning of the story. This new funding will allow us to accelerate the next stages of our growth, both by expanding the functional scope of our platform, and by extending our market coverage in a context of strong internationalization.”

Karine Lignel, President of CM-CIC Innovation and member of the Board of Antidot, adds: “CM-CIC Innovation is proud to back Antidot, and to have supported the various phases of the company’s development. The recent successes of the Fluid Topics solution are extremely promising and we are excited about the next phase of growth.”

Claire Houry, General Partner at Ventech, who with this investment joins the Board of Antidot, explains: “We were impressed by Antidot’s highly experienced team and its extensive international client list. With Fluid Topics, the company leverages 20 years of expertise in Machine Learning to offer software vendors and industrial companies a solution that re-invents the user experience of Customer Support or Field Maintenance departments. We are very proud to work with them to accelerate their international development.”

Codasip secures $10M in Series A financing to expand RISC-V processor technology offerings

 

Codasip GmbH, the leading supplier of RISC-V® embedded processor IP, announced today that it has raised $10M in a Series A investment round led by private equity firms Ventech Capital of Paris, France, Shenzhen Capital Group Co., Ltd. of Shenzhen, China, Paua Ventures of Berlin, Germany, and strategic investor Western Digital, following the initial investment led by Credo Ventures of Prague, Czech Republic.

This investment will allow Codasip to grow its global sales and support team while expanding its product development efforts to bring best-in-class RISC-V processor intellectual property and optimization tools to customers around the world.

“The RISC-V movement is growing at a rapid pace and transitioning from an era of raising awareness to an era of customer adoption,” stated Christian Claussen, General Partner of Ventech Capital and a board member of Codasip. “Codasip have the tools and expertise developed over the last decade to create a broad portfolio of licensable RISC-V processors and bring them to market. Ventech Capital is confident that Codasip will continue to provide innovative products to the semiconductor industry.”

Martin Fink, Chief Technology Officer at Western Digital, added: “Western Digital is focused on the next generation of innovation to enable new classes of applications like machine learning, AI, and analytics to deliver the possibilities of data. RISC-V offers a platform for innovation unshackled from the proprietary interface of the past, and this freedom allows us to optimize special-purpose computing capabilities targeted at big data and fast data applications.”

Karel Masařík, Codasip’s founder and CEO, said: “We are honored to welcome aboard this global syndicate of investors who share Codasip’s vision of bringing innovative RISC-V-based processors and optimization tools to the world, and we appreciate the continued dedication, commitment, and support of our earlier investors and the current team.

Codasip aims to have the most comprehensive portfolio of RISC-V processor technology in the industry. Codasip Studio allows for rapid processor development and helps customers differentiate their products through processor IP that is tailored to their design and software requirements, and does so with less cost and risk than using general-purpose offerings. Studio dramatically simplifies the process of optimizing a processor, delivers enormous performance improvement to customers, and allows them to build their own unique RISC-V core that is just right for their application

Source: Design & Reuse