3VC

Congratulations to our portfolio company, Pactum AI, on raising $20M in Series B! 👏 We are happy to join the round led by Karma Ventures with participation from Atomico, Maersk Growth, Project A, as well as Superangel and PortfoLion Capital Partners as new investors. This latest investment of $20 million in Pactum AI will enable procurement teams to extract more value from their autonomous negotiations in future as a result of a more intuitive user experience, as well as from enhanced human-AI collaboration. Read our full perspective below 👇

As Bloomberg reports, we’ve just raised $20 million to accelerate the machine buying megatrend in procurement: https://lnkd.in/dBYNuN4w Thank you to deep-tech specialists Karma Ventures, who led our Series B investment, joined by existing investors Maersk Growth, 3VC, Atomico, and Project A, as well as Superangel and PortfoLion Capital Partners as new investors. This investment will enable us to extend our support for procurement teams around the world as they embrace AI agents as their colleagues. You are all going to hear a lot more about AI agents. While the current wave of enthusiasm for AI was led by large language models providing information and imagery, there is wide consensus in the tech industry that the next and potentially much larger wave of AI will be led by AI agents capable of increasingly complex multi-step tasks. And leading independent analysts say machine buying, which includes AI agents conducting autonomous negotiations, is the megatrend of AI for which businesses must now prepare: https://lnkd.in/dpKfsVyZ. It’s five years since Pactum AI first sent out AI agents to conduct autonomous negotiations. Back then, few people were talking about AI - and even fewer understood how it could negotiate. But, over many thousands of autonomous negotiations since then for some of the world’s largest companies, our AI agents have handled billions of dollars in spend and proven their ability to achieve better outcomes for both sides. In the process, our AI has developed the world’s largest library of negotiation behavioral learnings as every autonomous negotiation helps our AI agents learn better how to achieve better outcomes for both sides. At scale, this is unlocking huge new value, as well as improving efficiency, governance, and flexibility. This is human-AI collaboration at its best. Many of our Fortune 500 clients have taken a “nail it and scale it” approach to autonomous negotiations (as previously explained in HBR: https://lnkd.in/gAd2c99d) and are expanding the use of their AI negotiation agents by incorporating new use cases and geographies. Our AI agents are already working in 10 languages. The fastest scaling use of autonomous negotiations is now for direct procurement within large manufacturing companies. The investment of $20 million in Pactum AI announced today will support additional research and development into autonomous negotiations, refine autonomous negotiation tools specifically for procurement teams, and develop initiatives to help upskill procurement professionals, such as through a new Autonomous Negotiations Academy. So, from all of us at Pactum, thank you! Learn more & reach out to us at Pactum.com.

Last Friday Eva Arh was a part of a panel moderated by Marius Istrate, alongside Hanel Baveja (Creandum), Evgenia Plotnikova (Dawn Capital) and Ondrej Bartos (Credo Ventures) 🙌 Here are some of the topics they covered: 🔎 What VCs look for today: the consensus is outstanding teams that solve real problems. Equally important is the personal fit of the founders with the VC as this is a long term relationship paved with both highs and lows and a solid relationship helps. Additionally, VCs will always look at the market and terms that work for their fund. 📈 Growth vs. profitability - while sustainable growth is expected, profitability alone will not excite VCs. Also when we look at public markets, we see that growth is valued 3x more than profitability. ⚖ The choice of capital: There are various sources of capital today and VC is not for everyone. As a founder, it's important to figure out what kind of investor is the right one for you and the company you're building. Thank you Kulpreet Singh for organising once again the Founders Retreat event and for brining together such an exceptional group of founders, investors and operators, we are honored to be a part of it 🙏

Hi All, Asset Partners is currently partnering with 3VC for an exciting and unique opportunity within their Investment team based in Vienna. Please reach out to me if you are interested in discussing the below role and we can organise a meeting to discuss. Thank you, Bobbie

Thank you to all who joined our annual 3VC gathering yesterday in Vienna!🙏 This year’s edition brought together #founders, #LPs and #investors to share an evening centered around knowledge-sharing, networking and inspiration. A special thanks to Max, Dan and Petr for the insightful discussion on #Al and to Anas for sharing your insights on #growth investing. We look forward to see all of you again soon 🙌

We're thrilled to share that $80 million in a Series C funding round led by Brighton Park Capital will help us double our US revenue share and continue delivering exceptional content management services to our clients, including Tesla, Netflix, and Adidas. Check out the full coverage on Bloomberg for more details and insights from our CEO, Dominik Angerer. https://okt.to/56LgSy #Funding #TechNews #ContentManagement #Bloomberg

Congratulations to our portfolio company, Storyblok, on raising $80M in Series C funding! 👏 We are happy to join the round alongside Brighton Park Capital, HV Capital, Mubadala Capital, and firstminute capital. Storyblok's innovative approach to content management has transformed the industry, and this $80M Series C funding will further accelerate their growth in the US and Europe, strengthening our commitment to support their continuous success. Peter Lasinger, 3VC partner and Storyblok board member, remarks, “𝘞𝘦 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦𝘥 𝘵𝘰 𝘸𝘪𝘵𝘯𝘦𝘴𝘴 𝘵𝘩𝘦 𝘪𝘯𝘤𝘳𝘦𝘥𝘪𝘣𝘭𝘦 𝘫𝘰𝘶𝘳𝘯𝘦𝘺 𝘰𝘧 𝘚𝘵𝘰𝘳𝘺𝘣𝘭𝘰𝘬 𝘧𝘳𝘰𝘮 𝘪𝘵𝘴 𝘪𝘯𝘤𝘦𝘱𝘵𝘪𝘰𝘯. (...) 𝘞𝘦 𝘢𝘳𝘦 𝘱𝘳𝘰𝘶𝘥 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘪𝘯𝘨 𝘵𝘩𝘦𝘮 𝘢𝘴 𝘵𝘩𝘦𝘺 𝘳𝘦𝘢𝘤𝘩 𝘯𝘦𝘸 𝘩𝘦𝘪𝘨𝘩𝘵𝘴.” Read our full perspective below 👇

😎 A lot is happening in Vienna next week! On Tuesday, I will join the Plug and Play Tech Center Travel & Smart Cities EXPO Day on June 4, discussing what is takes to advance an ecosystem. 🚀 Date: Tuesday, June 4, 2024 @ 2:00 PM CEST Location: Palais Wertheim, Canovagasse 1A, 1010, Wien Link to register is in the comments 👇

Thank you to everyone who joined us yesterday at our event in Tallinn hosted together with Tera Ventures, OTB Ventures and Panasonic 🙌 We are grateful for the opportunity to reconnect with the ecosystem and to meet so many inspiring founders 🙏 If you’re attending Latitude59 and want to meet our team, reach out anytime 👋 —— Andrus Oks Mateusz (Matt) Lukasik Karol Szubstarski Ryuichiro Fukuda Yushi Nakamura Roman Scharf Alexander Marrapese