Amsterdam-based Bounce Watch, an AI-driven startup scouting and performance evaluation platform, announced on Thursday that it has closed its pre-seeding investment round at a valuation of €2.5M.
The exact figures were not disclosed.
Notable angel investors, including Aylin Kosova Bilgin, Can Üzel, Deniz Güven, Dora Güçsav, Gülin Yücel, and Süha Güçsav participated in the round.
The purpose behind founding Bounce Watch
Cem Ötkün and Sedat Yusuf Ergüneş founded Bounce Watch in November 2023 after Ötkün found a significant gap in the availability of real-time, actionable data for investors.
“The initial inspiration behind founding Bounce Watch came from my extensive experience in the startup ecosystem and venture capital,” says Cem Ötkün, Co-Founder & CEO of Bounce Watch to Silicon Canals.
“Traditional methods of scouting and performance evaluation were often time-consuming and lacked the dynamic insights needed to make informed decisions. This realisation, coupled with my passion for innovation and technology, led to the creation of Bounce Watch,” he adds.
The Dutch startup was founded to streamline and enhance the investment process, providing investors with the tools they need to stay ahead of the curve and make data-driven decisions confidently.
The company competes against Pitchbook, Dealroom, and Harmonic.ai in the market.
Enhances scouting process and how
Powered by AI, Bounce Watch enhances scouting processes, monitors startup performance, and simplifies deal flow management.
“Bounce Watch not only provides live company tracking and tailored industry updates but also offers automated matching algorithms that help investors identify opportunities early,” explains Ötkün.
The company’s startup performance tracking covers multiple metrics, including investment inflows, team dynamics, technological advancements, website traffic trends, media exposure, and social media engagements.
“Additionally, our platform’s ability to expand and adapt to the growing needs of the venture capital community positions Bounce Watch as an indispensable tool for VCs and CVCs globally,” he adds.
Artificial Intelligence powering Bounce Watch
According to Ötkün, the Dealroom rival uses sophisticated algorithms to automate the scouting and tracking of startups.
“One of the core technologies is our automated matching algorithm, which helps investors identify startups that align with their specific criteria, ensuring they can spot promising opportunities early. Additionally, our real-time company monitoring provides regular updates on performance metrics, including investment inflows, team dynamics, technological advancements, and social media engagements,” he states.
Additionally, the Dutch company offers proactive alerts for significant changes that matter to investors, such as new investments or key team changes, ensuring they stay ahead in the competitive venture capital landscape.
“This combination of detailed performance tracking and automated insights allows for a more efficient and strategic approach to managing the investment pipeline,” says Ötkün.
Tailored support for VCs and CVCs
The company tailors its support for venture capitalists (VCs) and corporate venture capitalists (CVCs) by addressing the unique needs and objectives of each group, leveraging AI and real-time data to optimise their processes differently.
- Focused Deal Flow Management: VCs benefit from Bounce Watch’s real-time company monitoring and automated matching algorithms, which streamline the scouting process and help them identify startups that align with their investment strategies
- Comprehensive Performance Metrics: Bounce Watch provides VCs with detailed performance metrics, including investment inflows, team dynamics, technological advancements, and social media engagements.
- Proactive Alerts: VCs receive proactive alerts on significant changes in the startups they monitor, such as new funding rounds or key personnel changes
- Strategic Alignment: Bounce Watch’s platform allows CVCs to identify startups that not only have strong financial potential but also align with the strategic goals of their corporate parents.Â
- Integration with Corporate Objectives: CVCs can leverage Bounce Watch’s data to ensure their investments support broader corporate objectives, such as market expansion, technology acquisition, or enhancing product offerings.
Currently, the platform hosts data on over 250,000 startups, however, Bounce Watch aims to expand to 4 million by the end of 2024, alongside 40,000 investors and 300,000 completed investments.
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