Money attracted to startup scene

Meet the startups that just pitched at EF’s 8th Demo Day in London

Posted yesterday by Steve O'Hear (@sohear)

14 newly formed startups pitch their wares onstage to investors, press and other actors in the European tech scene at Entepreneur First (EF) 

 EF founders Matt Clifford and Alice Bentinck have just raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners and Linked IN's Reid Hoffman. 

Hoffman described EF, which along with London also runs a program in Singapore, as a “great model for creating new, deep tech companies on an incubation basis.”

To date, EF says it has helped more than 500 individuals on its program, who have built more than 100 companies with a total (mostly on paper) valuation exceeding $1 billion. 

This is how EF works: The company builder targets technical and domain talent, both recent graduates and also people already working at tech companies, and invites them to apply to its six-month program where they find co-founders and in turn found startups. The program includes financial support in the form of a monthly stipend for living costs while founders find their co-founders and decide on an idea.

This is then followed by pre-seed funding, in addition to office space, legal and administrative support and mentoring and advice from the EF team and external entrepreneurs from the wider U.K. and Singapore startup scene. 

There’s also a separate follow-on fund to co-invest in alumni companies at the seed and Series A stage.

Sounds a lot like our BSI Investor Forum in Australia!!!! 

The full list of presenting teams (in their own words) of EF

Metis Labs
Metis Labs is general intelligence for industrial systems.

Kiroku
Kiroku is capturing the value of expert conversation.

Kue
Kue reinvents consumer credit and changes how we purchase.

Robik AI
Robik AI builds autonomous vehicles to slash the cost of last-mile delivery.

Migacore Technologies
Migacore Technologies uses online signals to better predict travel demand.

Machine Medicine
Machine Medicine uses computer vision to predict and prevent falls before they happen.

Mobilus Labs
Mobilus Labs is a hands-free, ear-free voice platform.

GTN
A quantum leap in drug discovery.

Agrosight
Agrosight detects plant diseases early using hyper-spectral signals, dramatically reducing the cost of food production.

Sensum Technologies
Sensum Technologies uses advanced statistical and machine learning algorithms to predict and prevent preterm birth.

CargoMate Technologies
CargoMate Technologies saves millions in fuel costs by helping container ships leave port early.

ConnectMed
ConnectMed is plugging the primary healthcare gap in developing countries.

Portify
Portify is building the infrastructure for the future of work.

Resurgo Genetics
Resurgo Genetics is building a universal tool to precisely change any living system.