ISSUE 014 - May 2024
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Fairgen’s statistical AI expands market research
Fairgen, the Israeli startup, raised $5.5 million in its latest funding round, with investments from Maverick Ventures Israel and The Creator Fund, amongst others.
The seed stage startup increases survey sample sizes by up to three times using AI to create realistic synthetic data. By increasing the volume of available data, Fairgen helps make data-driven decisions possible—something many VCs are doubling down on with a growing focus on data science.
Fairgen isn’t alone in applying AI to market research, with industry leader Qualtrics having announced plans in 2023 to invest $500 million in generative AI over the next four years.
Techcrunch has more here
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Top VCs set a dealmaking high in April
Last month, each of the five most active U.S. investors (General Catalyst, Khosla Ventures, Sequoia Capital, Founders Fund, and Lux Capital) made eight or more deals—marking the highest number of deals per firm in a single month in 2024. Together, they made 46 investments in U.S. startups.
To learn what differentiates top VC firms, including how they collect, analyze, and act on data, pre-register for our 2024 investment benchmark report.
Crunchbase has more here
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VC firms are standardizing data collection
Research from the 2024 data-driven VC landscape report reveals a disparity in global funding—while talent is equally distributed, capital isn’t. This disparity means funds can miss promising outlier opportunities and overlook underrepresented founders.
Seven VCs and startups recently launched the Diversity Data Alliance to change that. By standardizing data collection on founder demographics and better tracking funding trends, the initiative aims to provide more transparency on where funding is allocated.
Techcrunch has more here
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Building a VC tech stack like Uncork Capital
This year brings a whole slew of new technologies and innovations to drive private capital success. As we continue to see competition in the market grow, dealmakers who prioritize investment in an agile tech stack find themselves at a distinct advantage, with others racing to keep up.
Check out our webinar with Ashley Cravens, Head of Operations and Platform, and Tilly McLain, Operations & Community Manager, to learn how they built a VC tech stack at Uncork Capital that unlocks the power of their data-driven investment approach.
VOICES FROM THE INDUSTRY
“We like that Affinity is built for the private capital markets. Because of its views and integrations with CrunchBase, Dealroom, and PitchBook, we can pull data into a central repository, filter it, and track the companies that we're aware of in a way that allows us to see value across our firm.”
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