South American Adventures

Taking flying leaps into the unknown

6 months later – How is Fundacity doing?

Leave a comment

So what exactly have we been doing these months and how are we?

With Fundacity we are focused on making the fundraising process easier for startups and investors. We realized that there is a lot of pain in the proces when my co-founder, Diego and I started building a social network for startups and investors called Fundacity.com. Since then we applied our thinking and innovation to make startup investing easier. We are now few weeks away from unveiling the Fundacity Deal Flow Tool that helps angel investors, incubators, accelerators and VCs source, screen, do due diligence and close deals. Also, we are  thinking of innovative ways to improve the fundraising experience for startups.

The platform is a web based SAAS platform using Kanban principles and state of the art UX/UI to make the process easier for both sides of the table. We are involving our clients and listening to their pains from the very first line of code. We want to become experts in the process our clients do so we can understand and help solve their problems.

DiegoI started Fundacity with Diego, my co-founder, in late 2012. Diego and I have a perfectly synergetic business relationship. Our skills sets are completely complimentary as we have have our fortes where the other does not. Diego is a full stack developer with 13+ years experience who additionally is a very gifted designer. I on the other hand have global experience in finance and accounting and acted as a financial consultant for 2 startups of VC firm Aurus. Between us we speak 4 languages fluently, believe in transparency and honesty and are complete workaholics :). A good fit that makes even our girlfriends jealous. 😀

 

With Fundacity we won Geek Camp Chile and consequently got incubated by IncubaUC and received CORFO funding (USD120k). IncubaUC took us for a 1 month product testing and idea validation mentorship program to Silicon Valley. We pitched the valley’s best angel groups and incubators and some very talented serial entrepreneurs. The 1 month trip catapulted our development in an incredible manner.

Our team has now grown to 4 fulltime members and several volunteers that love our product and energy. NicolasNicolas joined us fulltime in May adding further exceptional technical skills to the team and many new ways to approach challenges. He is software engineer with expertise in cloud computing and a complete champion of task management such as Kanban and Scrum. He previously worked for LAN and the ministry of education. He is an expert Asado guy so I look forward to regular barbecues :). In some weeks Guim is arriving from Barcelona where he completed a business degree in prestigious ESADE business school. With his previous experience in sales and biz dev I think we will hit the ground running in August when we will be market launching. The team rocks and I am very excited to test what boundaries we can push.

We are weeks away from having our version 1 commercially viable product for which we have signed letter of interest from some of the best startups incubators and VCs in Chile, Argentina, Brazil and USA.

We received great support from our mentors which includes 500 Startups mentor Sam Zebarjadi, venture capitalist Humberto Matsuda partner of Performa Investimentos (Brazil), venture capitalist Hiroshi Wald managing partner of Austral Capital and angel investor and incubator partner Arturo Torres from NXTPlabs, (Argentina). Marcelo Diaz head of IncubaUC has been pivotal in nurturing our business development over the last 6 months. Our angel investor Donatas Dailide not only supports us financially but is helping us win clients in the baltics and the UK.

The next few months will be very exciting for Fundacity. We hope to disrupt the startup investing process in a very profound and meaningful way.

Advertisements

Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s