Summits Yellow

Investment Round: Teamable, Eniac, HowNow, Attest

Alex Spencer

Investment Round is our weekly update on which firms have secured new funding, which areas are seeing the most financing, and who is putting up the cash that enables these firms to pushing the capabilities of mobile marketing further.

Teamable lands $5m for social recruitment
Recruiting platform Teamable has closed a $5m (£3.9m) Series A funding round led by True Ventures, with participation from the SaaStr Fund.

Teamable’s referral tool uses search and machine learning algorithms to tap the social network contacts of existing employees, and use them as a talent pool.

“Teamable has tapped into the most effective channel of high-quality hires: the referral,” said Tony Conrad, partner at True Ventures. “Companies that engage top-tier talent have the ultimate advantage, and Teamable is uniquely positioned to help them leverage referral hiring to do just that. We’re excited to help this company scale and bring their technology to recruiters and talent managers.”

Teamable says it will use the funding to accelerate growth and deepen its relationships with clients, which currently include Lyft, Stripe, and Quantcast.

Eniac offering $100m for AR, VR, AI and more
Eniac Ventures has announced its fourth fund for seed investments since the venture firm was founded in 2010.

The Eniac IV fund has a total of $100m to invest. Alongside the money, Eniac is offering access to its resources for the selected startups, including a talent recruiter, PR and marketing specialist, and operations resources.

Eniac says it is looking for ‘bold technical teams with a transformational vision to build the next iconic company’, particularly in the fields of robotics, conversational AI user interfaces, AR and VR.

“Most of the areas we’re currently excited about can be broadly grouped into two seismic evolutions: the progression towards seamless computing and the ascent of automation,” said Eniac’s co-founders in a blog post. “In the future, the way we interact with technology will be drastically different. All the screens people interact with will ultimately disappear and be replaced with more humanistic and natural interfaces. So instead of tapping on a phone screen, you might message with friends using gestures and voice and see their reply in the form of augmented reality. We think of this as a new era of seamless computing and it informs a lot of the investments we’ll make over the next few years.”

Learning marketplace HowNow secures £1.2m
Edtech startup HowNow has landed £1.2m seed funding for its video learning platform.

HowNow connects learners and teachers via live interactive video classes, enabling teachers to monetise their skills, with a booking widget can be added to their existing website to bring new students to their online classes.

The London-based company, founded in 2016 by Wonderush and One Minute City entrepreneur Nelson Sivalingam, plans to use the investment to expand its marketplace of online experts, and to develop new products for teachers and learners on its platform.

$3.1m for survey app Attest
London-based market research technology startup Attest has raised $3.1m, in a funding round led by Oxford Capital and Episode 1, along with angel investors.

Attest, which claims Unilever, Amazon and Aviva among its clients, offers a mobile and web app for creating market research surveys and sending them out to a targeted audience, along with insight tools to analyse the results.

The funding will be invested into product development, and to help Attest expand into new markets.