Fundraising
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Deckmatch Raises $3M to Build the Next Generation of Private Market Intelligence

Announcing our oversubscribed $3M seed funding led by Alliance Venture and Luminar Ventures. The company is expanding beyond its venture capital roots with the launch of AlphaLens, a free tool that helps founders map their competitive landscape by analysing product-level data that isn't available on traditional market intelligence platforms.
Written by
Leopold Gasteen
Published on
November 11, 2024

In private markets, one truth remains constant: the most valuable information often lies hidden in unstructured data. Today, we're excited to announce that Deckmatch has raised $3 million in seed funding, led by Alliance Venture with participation from Luminar Ventures, to tackle this challenge head-on.

Business Insider covered this story here

Beyond the Traditional Data Paradigm

The private markets intelligence space has long been dominated by platforms that excel at tracking what's easily quantifiable: funding rounds, firmographic data, and team information. While valuable, this approach misses a crucial dimension: the actual products and services that companies are building.

This blind spot creates a fundamental limitation in how investors, founders, and market participants discover and evaluate opportunities. Traditional platforms require you to know exactly what you're looking for – but innovation rarely follows such a linear path.

The Product-Level Revolution

At Deckmatch, we've developed a unique approach to understanding companies through their products. Our AI-powered platform doesn't just aggregate company-level data; it systematically structures and analyzes product-level information that isn't available anywhere else on the web.

This means being able to answer questions like:

  • "Show me companies building AI tools for healthcare professionals"
  • "Who are the emerging competitors to Slack's enterprise collaboration features?"
  • "Which startups are developing sustainable packaging solutions for e-commerce?"

From VC Tool to Market Intelligence Platform

We started by solving a specific problem for venture capital firms: automating the processing of pitch decks and investment memoranda. This gave us unique insight into how early-stage companies position themselves and their products. More importantly, it created a powerful data flywheel – with each new deck processed, our understanding of the private market landscape grows richer and more nuanced.

This funding round marks our evolution beyond those initial roots. We're expanding our technology to serve the broader private markets ecosystem, from corporate innovation teams to founders looking to understand their competitive landscape.

The Road Ahead

With this new capital, we're:

  • Launching AlphaLens, our free tool for founders to map their competitive landscape
  • Expanding our presence in major US markets (Bay Area and New York)
  • Accelerating the development of our natural language search capabilities
  • Growing our team across engineering, data science, and commercial functions

Join Us on This Journey

We believe the future of private market intelligence will be defined by platforms that can make sense of unstructured data at scale. If you're interested in being part of this transformation:

  • Founders: Sign up for early access to AlphaLens
  • Investors: Reach out to learn about our platform's capabilities
  • Talent: Check out our open positions

We're grateful for the trust placed in us by our investors and customers. The private markets deserve better tools for discovery and analysis – and we're building them.