What are typical costs for Seed raise? Fees to Whom?

We completed a F&F round (a little over $ 100k raised) and have some cash on hand. Launching a B2B2C blockchain-enabled data management and media platform to solve a customer loyalty problem. Looking to raise $ 5M to $ 7M to build team, add capabilities to the platform, and attract larger customers. Projected $ 5B revenue within 5 years. Based in US.

Founders and Advisors have established contact networks, so not seeing any need for broker-dealer or “finders” to identify investors. (I know my way around Crunchbase, AngelList, and LinkedIn!) We will need to validate accredited investor status. And, our attorneys will need to review various documents (PPM, SubAg, W-9). Anything missing? Assuming no commissions paid to B-Ds, what would be typical “cost of raise?” Half a percent? One percent? And what would the line items be that comprise that aggregate figure?

submitted by /u/waityoucandothat
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

Paris-based ubble, ID verification startup, announces €10 million raise and Bpifrance partnership

French startup ubble, an online ID verification solution, has announced raising an extension on its seed round during the coronavirus lockdown, led by Partech and Breega. This extension comes on top of their first and previously unannounced seed round, bringing their total seed funding to €10 million. During the lockdown period, ubble also signed a partnership with Bpifrance, which now uses its identity verification solution to ensure the validity of applications for cash support loans following the COVID-19 crisis.

To make online transactions more secure, the team behind ubble have put together a solution using artificial intelligence and video streaming technologies. Founded in 2018 by alumni of Gemalto, Criteo and Google, ubble enables companies to verify the identity of users in a simple, reliable, and privacy-friendly way, from opening a bank account, to confirming a contract. 

So, how does it work? The user is prompted to capture a live video of his or her face, and ID documentation. The recordings are then analyzed in real time by algorithms that assess the authenticity of the document and its correspondence with the user’s face. Their conclusions are then validated by ubble’s anti-fraud experts.

Identity verification, guided in real time by AI, becomes a fun, interactive and fast experience for the user. The use of video technology makes it possible, unlike a photo, to combat identity theft more effectively. Holograms, plasticity and rigidity of IDs are checked by ubble algorithms. With its solution, ubble makes remote identity verification as reliable as in real life, but more convenient and enjoyable for everyone.

The new funds will enable the young startup to recruit new talent and to break into European markets. Fifteen positions will be filled by the end of the year, notably in the sales and marketing teams to accelerate their development.

Juliette Delanoe, co-founder of ubble, said: “This new fund raising and this project with Bpifrance are for us another step in the conquest of the European identity verification market. We are confirming our desire to become a leader in French and European technology: combining cutting-edge technology, compliance with French and European regulations and respect for user data”.

Boris Golden, Principal at Partech, tells his favorite story: “Our first reaction when we heard about ubble was: ‘another identity verification startup’! However, we couldn’t imagine that such an exceptional and expert team would have launched itself without having identified a huge opportunity. And indeed, ubble had an incredible strategic vision and audacity: to spend several years building a deeply differentiated technology, without worrying about existing offers that did not bet on a strong technological core. With the growing demands of customers and regulators, ubble’s positioning is proving its relevance and deep added value every day”.

Isabelle Gallo, Partner at Breega adds: “We are delighted to support ubble in its conquest of new markets. To date, ubble is the most reliable and user-friendly solution offering online identity verification via real-time video. Obtaining the ANSSI certificate would enable it to accelerate the digital transformation of a large number of traditional banking and financial institutions and eventually become a global reference in identity verification”.

In addition to the funds raised, ubble has convinced Bpifrance of the usefulness of its technology, integrating the solution into its user path. The ubble team integrated the solution in just two weeks, so that Bpifrance can bolster the ID verification of entrepreneurs applying for COVID-19 support loans.

So what’s next for ubble? The solution was built in compliance with current European regulations, notably the GDR and eIDAS, offering opportunities for continental expansion. The startup also intends to obtain certification of its solution by ANSSI in 2020 to speed up its development in the regulated French sectors, such as banking, credit, and insurance.


Equity Monday: Heartbest and Acquire raise capital as tech turns to Apple’s WWDC

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This is Equity Monday, our short-form week-starter in which we go over the weekend, look to the week ahead, talk about some neat funding rounds and dig into what is stuck on our minds.

This morning, here’s what we talked about:

  • Equity is on Twitter! You can follow us on @EquityPod
  • The COVID-19 pandemic hit a new, worse milestone over the weekend. What is ahead for the global economy is not clear, but the horizon is not clear for startups big and small.
  • Many tech firms in the US took Juneteenth off, limiting recent news, and with WWDC starting today there’s going to be something akin to a Cupertino takeover for the next few days. If you don’t care about Apple, you can just take some time off.
  • Stocks are heading up this morning, with tech shares testing new records.
  • Mexico’s Heartbest raised a $ 2 million Series A to help develop plant-based dairy replacements, and San Francisco’s Acquire raised a $ 6.4 million Series A to help with its customer success service. Blue Horizon Ventures and Base10 led the rounds, respectively.
  • And, finally, the Hey-Apple drama reaches WWDC today. Apple has signaled that no changes are coming, but the company is in water that feels fractionally hotter with each passing day. What Apple can do to repair relations with developers who are more than a little worried about the megacorp isn’t clear. But for startups, the final results of this scrap could really matter.

And that is that. Equity is back Friday with more. Have a great week!

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.

Startups – TechCrunch

Can You Decide To Work From Home And Raise A Child At The Same Time?

Thirdly, a reliable business could have up-to-date technology which is vital in today’s modern world. Especially with today’s social networking, Facebook, twitter, cell phone apps and many of the other well-known advertising and marketing tools.

That was the only mention, all the same. Caring for my baby was my reason to have home, and a straightforward reassurance for my employer that I wouldn’t spend months in training next vanish.

If you’re searching the web for a work at home job opportunity, research first. Read each listing carefully. Can see this the recruiter is interested in certain guidelines. Don’t apply for online job that seems too good to be true-because ordinarily makes sense is.

Consider Your parking space and Focus: Do possess adequate space to focus on a home business? Building a home business business from home, whether the first, second or even third time will be, at best, challenging select not retain the space to the office and trade. Do you have a separate home business area, cover your jewelry . room what your can unequivocally focus by the daily operation of business away through your distraction and disruption of daily home life? Retain all of your you do; make a schedule, share it on your significant other and your family, and stick to your schedule by any means. This vital for devoted to your business and achieving your intentions.

Whether you shower the night time before insects next morning it’s your business, you should get primed. A well put together person demonstrates that they are positioned for the task day. I’m not saying talking in terms of a three-piece in shape. Just get out of your bath robe into some comfortable street clothing.

Treat your home based business business, like a real business: This has become the biggest problem facing afflicted “work from home” group. They get very complacent doing work in the comfort of their home that they forget they’re suppose pertaining to being working over their business. If you do not treat your home based business as an accurate business along with the same disciplines than you own the chance having a building based spare time interest. The best way to beat this disabling hobby versus. business pitfall is to make a list of your goals and have a short term and enduring goal into consideration.

If you are searching for legitimate work at home jobs, your own are an authentic employee, the pioneer place commence looking is where you have worked before. There are usually things that should be done without the need of starting the firm. You may not be capable to file papers, we can handle correspondence, do accounting and payroll and even answer handsets. You need to have a confidence to convince your present or former employer can will carry out the work a concern . same timely dedication you have always shown while on the job. If an individual might be still employed by this company, ask attempt to it on the very limited, art-time, temporary basis. Quantity be the benefit to them for of which you work from a home office? They are want to to possess a good reason to quit the control of having you right there working.

After IPO delays, DoorDash confirms $400M raise

DoorDash has confirmed that it is raising “approximately $ 400 million” in a Series H round of funding.

Earlier today, Axios reported that the company was looking for roughly $ 400 million round at a post-money valuation of $ 16 billion. DoorDash clarified in a statement provided to TechCrunch that the valuation is slightly under the $ 16 billion mark.

The round was expected, though the final valuation of the deal came in $ 1 billion higher than earlier reports had indicated.

DoorDash, the popular American food delivery company, has aggressively raised capital throughout its life including a huge Series G in late 2019 that valued it near $ 13 billion. According to the company, new investors Durable Capital Partners and Fidelity led the round, along with what it described as “existing investors, funds and accounts advised by T. Rowe Price Associates.”

That DoorDash raised more capital from private investors is itself a quirk of 2020; the company privately filed to go public earlier this year, plans that were pushed back likely due to COVID-19, and the pandemic’s ensuing economic unrest. But DoorDash is nothing if not capital-hungry and raising an IPO-sized haul of cash from private investors is not-only on-brand, but essential given the nature of the company’s business.

The domestic food-delivery giant is at war with Uber’s Uber Eats service, the Postmates delivery service, and the Grubhub-Just Eat Takeaway hybrid. This highly competitive market keeps capital requirements high.

It’s not exactly clear that DoorDash actually needed to take the money or hold off on a public listing. Other companies, like Vroom, were undeterred by what looked like weak economics in their core businesses and made the jump to public markets. Perhaps DoorDash will go public soon, as well,  this new capital be damned. But if it does use its new check to hold off on going public, the question becomes what market conditions is DoorDash waiting for?

Startups – TechCrunch

[Lemonade in Forbes] Insurtech Lemonade Files For IPO; Seeks To Raise $100 Million

In a Securities and Exchange Commission filing late Monday, the fintech said it’s seeking to raise around $ 100 million and plans to list on the New York Stock Exchange under the ticker “LMND.”

Read more here.

The post [Lemonade in Forbes] Insurtech Lemonade Files For IPO; Seeks To Raise $ 100 Million appeared first on OurCrowd.


[Pandemic Innovation Fund in Haaeretz] Israel’s OurCrowd to Raise $100 Million for Coronavirus Technologies

Israeli venture investing platform OurCrowd said on Tuesday it plans to raise $ 100 million for investment in technology in medical, education and other segments to find solutions for COVID-19 and future pandemics.

Read more here.

The post [Pandemic Innovation Fund in Haaeretz] Israel’s OurCrowd to Raise $ 100 Million for Coronavirus Technologies appeared first on OurCrowd.


[OurCrowd CEO Jon Medved on i24NEWS] OurCrowd to raise $100M for COVID-19 tech

Jon Medved discusses the OurCrowd Pandemic Innovation Fund.

Watch the interview here.

The post [OurCrowd CEO Jon Medved on i24NEWS] OurCrowd to raise $ 100M for COVID-19 tech appeared first on OurCrowd.


[Pandemic Innovation Fund in International Business Times] Israel’s OurCrowd Is Going to Raise $100 Million for Coronavirus Technologies

The venture investing platform of Israel OurCrowd stated on Tuesday that it plans to raise $ 100 million for the investment in technology in medical, education, and other segments for finding solutions for coronavirus or COVID-19 and future pandemics.

Read more here.

The post [Pandemic Innovation Fund in International Business Times] Israel’s OurCrowd Is Going to Raise $ 100 Million for Coronavirus Technologies appeared first on OurCrowd.