Makelog Funded $3M to Support Communication Development for Fast Shipping Companies

Communication

Makelog is a Walnut, CA-based developer of communication tools for product teams designed to help companies communicate what they are shipping to their internal and external stakeholders. The company’s device allows sharing of product updates, big or small, with their users and internal stakeholders, by combining with data sources. Where the work creates and autogenerates product updates, helping product owners to share the product updates with their stakeholders and members to capture every relevant update.

Makelog was funded $3 million, led by Accel with participation from Basecamp Fund, Formulate Ventures, Bluewatch Ventures, and several industry angel investors.

The new funding intends to expand operations and its development platform, doubling its product capabilities, allowing continuous communication, and combining more deeply into the products and services that customers already use.

Makelog CEO and Founder JJ Nguyen started Makelog to help fast-shipping software teams match their rate of release communication with their shipping velocity, which they call continuous communication. But they’ve always had that overarching mission of helping technical and business teams grow in the same direction and converge on a common language.

Before having a product like Makelog, she found that communication was more ad hoc, where she was constantly asking engineers about upcoming changes. This task wasn’t always easy because they focused on making those changes. As a result, it took a kind of information horse-trading to get what she needed.

She said she wanted to entirely transform the traditional change log and make it more useful for everyone involved. Too considerable information is as bad as too little. So, they’re trying to take a giant hammer to traditional release notes, encouraging folks to communicate at this minimum marketable unit level, making it easy for them to route individual updates to the right folks at the right time.

Vas Natarajan, Partner at Accel, said the vital scope around feature development, bug fixes, and performance advancements is routinely failed to the chaos of fast growth. Makelog programmatically structures invention data, so an organization has a more energetic pulse on what’s shipping and to whom it counts. Driving that visibility levels up the whole company and hugely impacts sales, marketing, and triumph.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

GreyNoise Intelligence Funded $15M to Develop Scope Filtration of its Threat Data Solution

Threat

GreyNoise Intelligence, a Washington, DC-based. Develop a cybersecurity platform developed to analyze and determine malware threat attacks. The company’s platform identifies internet background noise caused by sources that increase the volume of security alerts to collect and keep a baseline of expected omnidirectional mass-scan traffic, enabling businesses to streamline and prioritize threats analysis efficiently.

GreyNoise Intelligence was funded $15 million led by Radian Capital with participation from CRV, Inner Loop, Stone Mill Ventures, strategic angel investors, and Paladin Capital. The company plans to use the new budgets to accelerate the development and distribution of its threat intelligence data solution, which helps security teams waste less on irrelevant or harmless activity and focus more on targeted and emerging threats.

A startup company is a self-styled “anti-threat intelligence” company that essentially provides a spam filter for internet threat alerts. Just as inboxes flooded with unwanted emails and unsolicited junk, security operations analysts attacked by constant, often meaningless warnings. While numerous of these can be the signs of a targeted cyberattack, most are false positives from internet background noise, such as soft scanning done by security firms, researchers, and academics. However, all these alerts require manual triage, often leading to missed threats and productivity problems.

The startup looks to solve this issue by filtering out soft security alerts, leaving security experts to deal with the ones that matter. It accomplishes this through its network of 5,000 passive sensors that sit in data centers worldwide, collecting, analyzing, and labeling data on IPs that scan the internet.

Stone Mill Ventures and Paladin Capital said GreyNoise plans to build out its product further and “drastically” grow the size and scope of data collection measures.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Calaxy Funded $26M to Expand the Platform in Social Network Technology

Calaxy, a Los Angeles, CA-based. The operator of social marketplace for creators designed to put the modern fan at the center of all the action. The company’s marketplace offers direct and intimate experiences using cutting-edge blockchain technology, enabling the blockchain industry to scale to users globally seamlessly.

Calaxy was funded $26 million co-led by Animoca Brands and HBAR Foundation with support from strategic angel investors of Polygon. The fresh capital will eventually used to expand its platform and products.

The startup company was co-founded by tech entrepreneur Solo Ceesay and NBA star Spencer Dinwiddie. The name Calaxy is a portmanteau of “creators galaxy.” The startup aims to build a new infrastructure that allows content creators, ranging from small influencers to big-time celebrities, to have ownership and equitable exchange of value compared to the current social media landscape.

Ceesay said the platform allows each creator to mint their cryptocurrencies that their fans can buy to interact with their economy or trade value for a social media engagement, Ceesay said. Its utility derives from the traditional Web 2.0 social media applications like Patreon and Cameo, where fans can engage with celebrities through social tokens.

In the future, the tokens on Calaxy can fluctuate based on market demand, and each creator could have dynamically priced assets, but they currently held at a pegged value to the U.S. dollar.

The social token represents a piece of a creator’s eventual own economy. This token is capturing your value; if the creator influences so many people, there’s no reason the creator shouldn’t have a publicly verifiable market cap or a value as a person.

YouTube, Facebook, and Instagram have large, centralized entities that make money off ads and businesses, so they’re not monetizing the creator – they’re monetizing the brand. But in Calaxy, creators should be able to control their success and take their social token and bring it anywhere to make sense specifically for them. The idea of a social token opens the playground so creators can monetize and connect with fans directly without an intermediary involved.

Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, remarked that social networks in their current form grant the user minimal rewards. Calaxy seeks to flip this model over to drive more significant benefits to the user. With its strong leadership and by mediating personalized fan experiences through Web3 while including digital collectibles in those experiences, they believe that Calaxy could become one of the brilliant stars of tomorrow’s social media landscape.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Think Like an Investor and Consider What Leads to Business Failure

Investor

To successfully land funding, you need to think like investor when reviewing the business plan. If you were considering lending money to a business what would be one of your first concerns? Naturally it would be the chances of the business failing. An investor lends money with the intent on getting a return on that investment. So it makes sense that the business plan should be evaluated from the same perspective by the business owner.

Small businesses have a high rate of failure according to the Small Business Administration. There have been many studies done to determine why this is so. These studies have identified common errors that businesses make, so you want to consider these problems before they ever become an issue. Realistically, potential investors will have them in mind before agreeing to lend money so being prepared to respond is important.

Typical reasons for small business failure include over-expanding to prove growth to investors, underestimating expenses or overspending, assuming too much debt based on revenues and cash flow and underestimating the competition. Also included on the list are choosing a poor location and lack of capital. The likelihood of these factors occurring in your business will be considered by investors evaluating a business plan.

If you have already thought through the reasons for failure, investors will recognize that fact. For example, location is high on the list of reasons for small business failures. Presentations to investors, therefore, should address the choice of business location and explain the competition and accessibility by customers. Making sure you address the reasons why your business could fail is an important step towards ensuring it doesn’t.

Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

LaunchNotes Funded $15M to Upgrade the Communication Software for Better Experience and Production

Communication

LaunchNotes is a San Francisco, CA-based developer of product change communication software designed to deliver better customer experiences by keeping teams and users ahead of upcoming product changes. The company’s software centralizes all release communication in one source of truth that anyone can access, enabling businesses to get regular updates by workstream, version, team, or what maps to an organization structure.

LaunchNotes was funded $15 million, led by Insight Partners, with participation from Atlassian Ventures, The New Normal Fund, Essence VC, and existing angel investors of Cowboy Ventures and Bull City Venture Partners. This new funding will support the expansion of LaunchNotes from a product change communication solution to a complete platform for Product Success.

When LaunchNotes originators Jake Brereton and Tyler Davis worked jointly at Atlassian, they noticed it was constantly challenging to communicate shifts from the development teams to product teams and other internal and external audiences.

The internal teams required to comprehend what was coming and if the changes were substantial or not, whether that’s a transaction, sales, support, or any other department that was operating with customers. In addition, the customers needed to know what had changed and how it affected them. This company has typically done this via release notes. Still, the creators saw these as stagnant and deficient in communicating what they needed to know about the latest release to the various stakeholders.

With modern development strategies, the fast rate of changes, some small, some not, often affecting dozens or even hundreds of shifts per day, caused retaining challenging.

Brereton and Davis noticed a chance to improve this process and produce release information to different parties the information they needed to see. So, they left Atlassian and started LaunchNotes to fulfill that goal.

LaunchNotes has achieved breakout traction with its initial product offerings in just two years. Last year, the business reported revenue growth and new customer growth.

Tyle said they would be laser-focused on unlocking Product Success by modernizing the product development cycle for teams everywhere. They are excited to deliver a Product Success Platform that connects the substance parts of the expansion cycle — such as comms, feedback, and planning — into a unified customer experience. By creating this seamless loop and removing the most common pain points, we will enable today’s product teams to build the great technologies of the future.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Parallel Learning Funded $20M to Scale Up Technology of Learning Assessment Platform for Students

Students

Parallel Learning is an NYC-based startup that develops of learning assessment platform created to analyze and empower students with learning differences. The company specializes in virtual neurodevelopmental reviews and support services for conditions such as dyslexia, dysgraphia, dyscalculia, and executive dysfunction while delivering the resources and motivation to perform in the classroom, thereby helping students get to the root of their issues and build confidence.

Parallel Learning was funded $20 million led by Tiger Global with participation from Obvious Ventures, Barry Sternlich’s JAWS, and existing individual angel investors of Vine Ventures. The new funding will let Parallel scale-up, as a tech platform it’s more comfortable. They still need to scout new psychologists, speak with new school districts, and continue working on and sustaining the product itself.

The company started when it became clear that a new approach needed in the assessment and therapy space. In past years, if a kid required an assessment, they got it, and then they got the tutoring or accommodation suggested.

The number of kids qualifying for special education has increased in recent years, and districts have struggled to keep up with the assessments, let alone the particular teaching load this growing cohort needs.

As a result, parents may wait half a year before a child can be given an official diagnosis or advice, and all that time, they may be working on reading, keeping up in class, or relating to their peers. And that before the pandemic, these same numbers, along with comorbidities like depression and anxiety, shot up even higher.

Parallel’s assistance goes beyond initial psychological evaluations to deliver continuing help to students, including skill-based tutoring, executive function coaching, behavioral therapy, and speech and language therapy. In addition, services are available directly to families and school districts as part of the company’s enterprise offering.

The company standard is specific and not different from how agencies and psychologists work already, but with the extra tech-enabled streamlining of paperwork and scheduling. And then, of course, there’s the advantage of not driving anywhere to get or provide the services.

The mission of Parallel Learning is to perform hand-in-hand with school communities and families to provide the most high-quality developmental services to students across the nation. With twenty percent of children challenged by learning and thinking distinctions, they intended to offer permanent, practical, and reasonable solutions to help those learners succeed in and out of the classroom.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

How Soon Should You Start Talking About Business Idea

Idea

Some people are just itching to launch their own business. But all they have is an idea.

It is true that being passionate about your idea is critical to establish a business. But should you discuss it with your friends and family before you have anything concrete?

When is the Right Time?

Naturally, all entrepreneurs are very protective when it comes to nurturing and protecting their business idea. Every entrepreneur initially fears that someone would steal his or her idea.

For that reason, it is important that you don’t share a business idea with people around you, without translating your idea into a viable business.

But in some cases, you can’t take things any further unless you share your business proposal with an investor who can finance your business. Seasoned experts recommend that you must never share any business plan or idea without getting a confidentiality and NDA agreement signed by the other party.

These legal documents are generally drafted by attorneys and must be signed before you discuss your idea.

How to Start Talking about your Business Idea?

An idea is fragile in its infancy stages. It must be developed into an elevator pitch or a business proposal before you could share it with other people. Don’t be discouraged if your idea doesn’t get the attention it deserves. Some of the best business ideas were once turned down by giant investors and people in general.

Believe in Yourself

Did you know that Chester Carlson, who was the inventor of the Xerox machine, received a rejection letter that stated ‘Who wants to copy a document on paper?’ Most of us still don’t know that his idea was turned down by 20 companies between 1939 and 1944. Today, Rank Xerox Corporation earns millions of dollars in profits.

The problem is not that you want to share your idea with people. What’s more important is who you want to share your business proposal with. Many start-ups and entrepreneurs simply abandon their business idea if they are rejected initially. But if you have worked on producing a quick and affordable solution to your target consumers’ problems, never doubt the potential of your business idea.

Many entrepreneurs or companies have re-located to other countries where there is more demand for their products or services. Every city and town has unique government-funded business development offices. You can get free or inexpensive resources to work on your business idea and find your target market.

Connect with Positive People

While keeping your business idea to yourself initially is the best policy, sometimes it helps sharing your ideas with motivated and positive people. Self-motivated individuals offer good advice and offer the best emotional support to help you launch a promising business.

But stay away from people who always bring you down. These people not just steal your energy, but can also rob you of your incredible business ideas.

Create a Strategy

Your business idea is like a small baby that has to grow before you could introduce it other people. Many entrepreneurs have an idea of what their business ideas or products are going to do, but they fail to figure out the ‘how’ part.

Work on developing a decent product or solution, before you could pitch it to investors. Work on creating an impressive proposal that highlights the best features of your idea as well as elaborates the mechanics or the process that’s involved.

When you re-invent something, you need to show why your idea is better than the rest. There has to be something unique about your business idea or product that offers something new or inventive. Going creative saves you from disastrous pitfalls and guarantees a steady source of profits.

Work on Promotion

A solid marketing strategy offers a strong back-up for your business idea. Once you have produced a great product, marketing it right lets you reach out to a wide audience. Study and reflect on how your competitors promoted their first products and services. Did they rely more on promotion or improving their initial business idea.

Relocate to a New Location

There are many reasons why many companies and business relocate to other cities or countries. Some firms require specialized employees while other companies might need an extra and affordable place to run their business.

Ask for Help

Connect with people who listen to your business ideas without any bias or prejudice. Most entrepreneurs look up to a role model if they can’t find a mentor. A mentorship or partnership between two parties can be both formal and informal.

You can also find true strength and support from your friends and family. Reaching out to others and asking for help is never a taboo for entrepreneurs. Successful people know that they can’t do everything. In fact, some of the most lucrative businesses were never built alone.

Test your Services

If you have developed a product, test it on a sample audience to identify its best and worst features. If you are setting-up an ecommerce store, make sure your website has gone through A/B testing and does not have any glitches before you run it live.

In case you have an idea for a mobile app, make sure it goes through a meticulous Quality Assurance process to get any bugs fixed. It is not easy to fool or satisfy today’s smart consumers. Once you have materialized your business idea, you need to promote it successfully across all channels to reach out to your audience.

Final Thoughts

The best time to share your ideas with your friends and family is when you know that your idea can successfully bridge the gap between a problem and a solution. The best time to share it with investors or other companies is when you have meticulously worked on creating and testing the implementation of our ideas. Never prematurely take an idea to an investor, he will reject it. Take a product or business proposal and you have higher chances of getting an approval.

Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

ChargeLab Funded $15M to Develop EV Cloud-based Charging Setup and Business Growth

charging

ChargeLab a California and Toronto-based startup that develops electric vehicle charging software designed to accelerate and commercialize electric mobility. The company’s software monetizes and creates new user experiences with an electric vehicle charger infrastructure and battery swap management, enabling clients to with an open management platform that provides flexibility and expandability.

ChargeLab was funded $15 million, led by King River Capital, a venture capital fund targeting post-revenue, high-growth software businesses in large markets, and ABB E-Mobility. With the participation of existing investors, Root Ventures, Highline Beta, Third Sphere, Maple VC, and other strategic angel investors in Construct Capital.

The new funding will help the company go from its seed stage-level solution of connecting chargers and controlling them in the cloud to more advanced milestones. To accelerate growth and expand business operations.

As part of ChargeLab’s commercial agreement with ABB, the two companies will launch a bundled hardware and software solution for fleets, multifamily buildings, and other commercial EV charging use cases, according to Zak Lefevre, founder, and CEO of ChargeLab. While the partnership with ABB will certainly give ChargeLab the resources it needs to build out and scale its enterprise software, Lefevre noted that ABB’s interest in ChargeLab stems from its need for better out-of-the-box software in North America.

ChargeLab’s core product is its cloud-based charging station management system, which provides apps for EV drivers, dashboards for fleet managers, and open APIs for third-party system integration. According to the company, the hardware-agnostic software, which runs on the edge and in the cloud, also includes automated monitoring of chargers, pricing and access rules, payment processing, and electrical load balancing.

The Head of Ventures of ABB EL Ventures, Malin Carlstrom, said the EV market continues to undergo massive growth, and the value proposition of ChargeLab’s hardware-agnostic software has become increasingly apparent to both vendors and users. They believe that Zak and his team poised to create intelligent charging techniques and that ABB can be a strategic and financial supporter, benefiting both parties.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

The Benefits of Advanced Technology to Small Business Lending

Lending

Small business lending is just one of the markets that greatly benefits from the technological advances that we are experiencing in this day and age. Because of the accessibility to larger scope information about the potential lenders, banks and other lending institutions are now able to make more detailed assessments of the risks involved in a possible agreement.

Here are some of the advantages of having an advanced technology in the small business lending markets:

  • The possibility of broadening the risks to a larger geographical and industrial market
  • Cheaper acquisition costs despite wider geographic reach
  • Lesser necessity of opening new branches
  • Paperless application of loans, improved underwriting, and faster processing of applications
  • Develop new products that will focus on providing services to smaller businesses and those that have been declined by larger lending firms
  • Significantly lower capital, especially for non-bank lenders

Since the start of the credit crisis – or the period of reduction in the general availability of loans – small companies and business that have been operating for not more than two years started to have a hard time applying for financial support from the traditional banks. But because of the advances in technology, smaller lending companies that were able to get large amounts of information about the borrowers were able to provide loans for these small businesses.

Because of the availability of information, even people who have very low credit scores can secure loans as long as they have positive credit history and the industry and economic status in the area where they live in show optimistic figures.

Nowadays, banks and other lending institutions can check not just the basic information included on loan application documents but also wider range of data that come from credit ratings agencies such as D&B and Equifax. The availability of large information about the potential borrowers allows lenders to develop and offer special financial packages designed for small companies and startups.

This phenomenon became more common among non-bank lenders, especially after 2008 when the credit market started stringent loan application processes. In fact, Biz2Credit Small Business Lending Index noted that the so-called “alternative lenders” or those that are not affiliated with large financial institutions approve around six out of ten loan applications, significantly higher than the approval rate of banks and other large financial institutions.

Aside from these benefits, the use of technology in assessing loan applications made it easier for companies owned by women or members of the minority to secure financial support. Moreover, as small business lending markets start to integrate technology in their operations, entrepreneurs save a lot of time and encounter less problems in their bid to get financial support to start or expand their businesses. This proves how technology truly transformed for the better the market of small business lending.

Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

Five Common Mistakes When Pitching to a Potential Investor

Pitching

It’s not often that business owners get the chance to pitching their startups to potential investors. Unfortunately, rare as the chances were, many owners fail to grab the opportunity that was given to them by committing serious mistakes that drive the investors away.

Here are the five common flaws committed by owners when pitching to potential investor:

Answering the wrong questions

Most of the time, the bulk of the discussion between the entrepreneur and the potential investor are centered on the description of the business and its operations. Unfortunately, most investors are not primarily interested with the “what” and the “how” of the business. Rather, they are more interested in hearing the answer to questions such as, “What will they get once they invest in your business?”

Failing to know more about the investor

Business owners who are desperate for financial support tend to grab every opportunity that they see. This is a very wrong thing to do. Sometimes, Continue reading “Five Common Mistakes When Pitching to a Potential Investor”