Fly Ventures is a Berlin based venture capital firm investing in pre-seed and seed stage companies focused on automation and applied deep tech across Europe.
Matt is a partner at Fly Ventures and a programme evaluator at the Advanced Research + Invention Agency, alongside experience coaching startups at Conception X and leading funding at Entrepreneur First.
The seed round was co-led by Fly Ventures and firstminute capital with participation from prominent angel investors.
"Current AI systems are great at generating code to complement a codebase, but they can’t reason about software as a complete system. Reasoning requires understanding and modelling the environment to ensure language models work reliably. We’re building something fundamentally different – an AI that understands not just how to write code, but how to turn the description of a user’s intent into reliable, production-ready solutions. Beyond the deep tech element to building such a system, we’re also reimagining how the right product experience should look like. In the private beta of our product CodeWords, we noticed how the users’ main role was shifting to more of a project manager or product owner."
Fly Ventures led the seed financing to help the telephony platform expand its conversation intelligence product.
"We spoke to 100+ customer support leaders and most managers listen to at most 10 calls per week. This means companies are losing valuable information about how they can improve their service and product."
The seed round was led by Speedinvest with participation from Fly Ventures and Seedcamp.
"I’ve seen first-hand the demoralising effect that the existing set of workforce management platforms, including spreadsheets, has on support teams at a human level. For support teams to thrive, individual team members should be empowered to work collaboratively alongside management and their teammates. That’s our vision for Surfboard."
The financing round was led by Vertex Ventures US with participation from several venture funds and alumni syndicates.
"Our mission is to power hiring decisions with truth. The best companies know it’s their people that determine their ability to succeed as an organisation. Yet for the longest time they’ve been recruiting based on guesswork, memory, and bias. Previously, any data that was used to improve hiring performance only ever measured the symptoms, never the causes. Now we can bring transparency to the previously opaque interview process, and use technology to improve the most important moments in hiring."
Redalpine led the Series A round with participation from Fly Ventures and various angel investors to support growth across the Atlantic.
"Debt capital markets is the world’s largest asset class, but it operates using the worst quality data, information, and technology. Many companies in this space aren’t large listed businesses, they’re privately owned, that means important information about them isn’t readily or easily available."
The pre-seed round was co-led by Connect Ventures and Fly Ventures to support platform development and team expansion.
"We started Ophelos to create customer-centric products and services that nurture financially healthy and trusted relationships between consumers and businesses. The debt collection industry felt like a natural starting point because it allows us to understand, diagnose and address many of the underlying issues surrounding financial health. It’s also an industry in desperate need of change towards a more technology-driven, and most importantly, customer-centric approach. We want to create a world where everyone is financially educated, empowered and equal — reimagining the debt collection industry is just a first step towards our larger goal."
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