The Venture Capital Review #1
The Venture Capital Review #1
Welcome to the first TVCR curated startup list, your monthly dose of curated startups.
Healthtech 🏥
Our 2 startups in Healthtech for this month are NexHealth and Fastic. While completely different, both startups have shown promising traction to be featured on this list
1. NexHealth
Country: United States
Here’s a short description of NexHealth👇
NexHealth is a patient experience platform that helps healthcare organizations improve the way they interact with their patients. With NexHealth, you can schedule appointments, send personalized messages and reminders, and gather feedback to understand and address the needs of your patients. NexHealth integrates with health record systems and offers online booking, digital payments, and automated reminders. NexHealth is designed for small to medium-sized practices and aims to simplify workflow, enhance efficiency, and increase patient satisfaction.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For NexHealth, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 8/10
FOUNDING TEAM: 0/10
GROWTH POTENTIAL: 10/10
It’s important to note that while some of these ratings are low, it does not necessarily reflect on the performance of the founders. When grading that aspect, we look at factors such as alma mater, previous successful exits, first founders/serial entrepreneurs.
Verdict:
We gave NexHealth an overall score of 5/10, categorizing them in the “Watch” placement based on our rating scale*.
In conclusion, while NexHealth’s financial performance does not top off our scale, based on their individual performance/compared to their peers, they show a lot of promise in terms of market share and potential to disrupt. NexHealth already captured a promising share of the market, and they operate in a growing and profitable industry that benefits from low consolidation within the market, which is why they were awarded a high TAM-SAM-SOM rating. As mentioned earlier, their founding team rating does not necessarily reflect on the performance of the founders, but is simply an observation of their profiles in contrast with “ideal founders”.
*Find more details on our scale at the end of the article.
2. Fastic
Country: Germany
Here’s a short description of Fastic👇
Fastic is an app that helps you track and monitor your intermittent fasting plan. It provides you with reminders, recipes, challenges, and health insights to support your weight loss and wellness goals. Fastic also integrates with Google Fit and other fitness apps to track your activity and calories. Fastic is compatible with various fasting methods and diets, such as keto, paleo, and juice fasting
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Fastic, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 4/10
FOUNDING TEAM: 7/10
GROWTH POTENTIAL: 8/10
Verdict:
We gave Fastic a 5.25/10, categorizing them in the “Watch” placement based on our rating scale*.
In conclusion, while Fastic also does not top off our scale based on their individual performance/compared to their peers, they show potential in terms of market share and potential to disrupt in a moderately low consolidated market. Fastic operates in a fresh and cool industry, and their product has recently gained attention in the US market (although initially launching and focusing on the German market). Fastic’s founding team earned a cool 7/10 based on their previous ventures, which is often times a good sign for things to come. Lastly, we believe that Fastic has great growth potential based on their app download activity and momentum.
*Find more details on our scale at the end of the article.
Gaming 🕹️
Our 2 startups in Gaming for this month are ChillChat and Delysium. Our selection have interesting profiles behind them, as well as well known backers.
3. ChillChat
Country: Singapore
Here’s a short description of ChillChat👇
ChillChat is a project that combines pixel art, NFTs, and metaverse gaming. ChillChat allows users to create their own NFT characters and worlds, and interact with other players in a virtual environment. ChillChat is powered by Solana, a blockchain platform that enables fast and scalable transactions
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For ChillChat, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 0/10
FOUNDING TEAM: 3/10
GROWTH POTENTIAL: 3/10
It’s important to note that while some of these ratings are low, it does not necessarily reflect on the performance of the founders. When grading that aspect, we look at factors such as alma mater, previous successful exits, first founders/serial entrepreneurs.
Verdict:
We gave ChillChat a 2/10, categorizing them in the “Pass” placement based on our rating scale*.
In conclusion, while ChillChat’s ratings are low, they thrive mostly in their potential to grow as well as their founding team. ChillChat’s metrics were underwhelming and they operate in a moderately high consolidated market, with a decline in traffic moving from a center market player to a niche target, thus giving them a low TAM-SAM ratio as well as potential to disrupt.
*Find more details on our scale at the end of the article.
4. Delysium
Country: United States
Here’s a short description of Delysium👇
Delysium is a project that aims to create an AI-powered open world framework and a web3 operating system. Delysium allows users to create their own AI-Twins and interact with them in a virtual society. Delysium also develops a playable AAA blockchain game that is real open-world, vividly AI-powered and truly player-owned
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Delysium, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 1/10
FOUNDING TEAM: 7/10
GROWTH POTENTIAL: 7/10
Verdict:
We gave Delysium a 4.25/10, categorizing them in the “Watch” placement based on our rating scale*.
In conclusion, Delysium thrives in their founding team, as well as their growth potential; 2 extremely important factors to measure a startup’s potential success. Delysium operates in a highly consolidated market, and they are on the edge between being game changers and niche players. Their direction is important to monitor as it could change the general trajectory of the startup.
*Find more details on our scale at the end of the article.
Tech & Software💻
Our 2 startups in Tech & Software for this month are Flowdesk and Rewardly. This selection showcases 2 startups of different sizes, but they have been rated fairly accordingly.
5. Flowdesk
Country: France
Here’s a short description of Flowdesk👇
Flowdesk is a full service digital asset trading and technology firm. Flowdesk offers market making, OTC trading, analytics, and engineering solutions for token issuers, exchanges, and institutions. Flowdesk is regulated and transparent, and integrates with more than 120 centralized and decentralized exchanges.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Flowdesk, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 4/10
FOUNDING TEAM: 5/10
GROWTH POTENTIAL: 8/10
Verdict:
We gave Flowdesk an overall score of 4.75/10, categorizing them in the “Watch” placement based on our rating scale*.
In conclusion, Flowdesk thrived in their growth potential rating. They have been successfully raising larger rounds, and have been expanding rapidly. Flowdesk operate in a rather low consolidated market, and they sit in the center between being a game changer, leader, established player, and niche player. Flowdesk have an impressive founding team, and since the growth potential is there, we expect the best to come.
*Find more details on our scale at the end of the article.
6. Rewardly
Country: Singapore
Here’s a short description of Rewardly👇
Rewardly is a simple and powerful app that lets you create and manage your own loyalty program for your customers. You can reward your customers for their purchases, referrals, reviews, and more, and track their behavior and preferences. Rewardly works with any POS system and helps you increase your sales and retention. Rewardly is a project that aims to help businesses grow their customer base and loyalty.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Rewardly, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 1/10
FOUNDING TEAM: 3/10
GROWTH POTENTIAL: 4/10
It’s important to note that while some of these ratings are low, it does not necessarily reflect on the performance of the founders. When grading that aspect, we look at factors such as alma mater, previous successful exits, first founders/serial entrepreneurs.
Verdict:
We gave Rewardly a 2.5/10, categorizing them in the “Pass” placement based on our rating scale*.
In conclusion, Rewardly’s metric were difficult to rate. In terms of relative performance for their market, they did not outperform. On the other hand, Rewardly operates in a low consolidated market, which always means there is a chance for Rewardly to turn things around, which gave them a slight edge for growth potential.
*Find more details on our scale at the end of the article.
Consumer Goods & Retail🛒
Our 2 startups in CG&R for this month are Good Eggs and Foodspring. Both startups are of relatively large size, and have interesting profiles operating them.
7. Good Eggs
Country: United States
Here’s a short description of Good Eggs👇
Good Eggs is a company that delivers absurdly fresh groceries and meal kits to your door. Good Eggs sources its products from local farmers, artisans, and chefs, and offers a wide range of organic, sustainable, and delicious food. Good Eggs also supports the community and the environment by donating food, reducing waste, and promoting fair labor practices. Good Eggs is a project that aims to make grocery shopping easy, convenient, and ethical.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Good Eggs, the ratings are as follows:
Transcript:
ARR/RELATIVE: 10/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 8/10
FOUNDING TEAM: 6/10
GROWTH POTENTIAL: 6/10
Verdict:
We gave Good Eggs an overall score of 7/10, categorizing them in the “Prospective” placement based on our rating scale*.
In conclusion, Good Eggs achieved one of the highest scores in this month’s selection. They have impressive revenue and operate in a great market, which means they have incredible potential to disrupt. Good Eggs have been around for a while, but have been consistently expanding and growing, until recent years, which gave them their low growth potential rating. Finally, Good Eggs have great personnel running their operations.
*Find more details on our scale at the end of the article.
8. Foodspring
Country: Germany
Here’s a short description of Foodspring👇
Foodspring is a company that offers premium fitness food and sports nutrition. Foodspring products are made with natural ingredients, high quality standards, and innovative recipes. Foodspring aims to support people who want to achieve their fitness and health goals with delicious and nutritious food. Foodspring is a project that combines science, technology, and passion to create finest fitness food.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Foodspring, the ratings are as follows:
Transcript:
ARR/RELATIVE: 10/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 7/10
FOUNDING TEAM: 4.5/10
GROWTH POTENTIAL: 4/10
Verdict:
We gave Foodspring a 6.3/10, categorizing them in the “Prospective” placement based on our rating scale*.
In conclusion, Foodspring showed incredible figures for their financial metrics, which gave them the perfect score of 10/10. Foodspring operates in a large industry, with low consolidation level, which makes them a really interesting selection. Foodspring has high potential to disrupt, but medium growth potential.
*Find more details on our scale at the end of the article.
Finance & Banking💸
Our 2 startups in Finance & Banking for this month are Vivid Money and Aspire App. These startups operate in a hot industry, and have great potential.
9. Vivid Money
Country: Germany
Here’s a short description of Vivid Money👇
Vivid is a company that offers personal and business accounts with various benefits and features. Vivid allows you to create multiple accounts with separate IBANs, earn cashback on your spending, invest in crypto and real shares, and make fee-free payments and transfers globally. Vivid is a project that aims to provide a convenient and rewarding banking experience for its customers.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Vivid Money, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 7/10
FOUNDING TEAM: 1.5/10
GROWTH POTENTIAL: 6/10
It’s important to note that while some of these ratings are low, it does not necessarily reflect on the performance of the founders. When grading that aspect, we look at factors such as alma mater, previous successful exits, first founders/serial entrepreneurs.
Verdict:
We gave Vivid Money an overall score of 4.3/10, categorizing them in the “Watch” placement based on our rating scale*.
In conclusion, while Vivid Money’s ARR/RELATIVE scale is not impressive to say the least, this is expected and quite common for a startup their size. On the other hand, looking at their industry size and the fact that it would be considered a low consolidated market, this gave them the high score of 7/10. Vivid has high growth potential, and is definitely a startup one should keep an eye on.
*Find more details on our scale at the end of the article.
10. Aspire App
Country: Singapore
Here’s a short description of Aspire App👇
Aspire is a company that offers all-in-one finance solutions for growing businesses. Aspire provides business accounts, borderless payments, corporate cards, and expense management, all in one platform. Aspire is designed for startups and SMEs who want to save time and money, and integrate software and finance to gain efficiency and clarity. Aspire is a project that combines finance, technology, and crypto to build the future of tokenized economy.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Aspire, the ratings are as follows:
Transcript:
ARR/RELATIVE: 6/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 8/10
FOUNDING TEAM: 6/10
GROWTH POTENTIAL: 8/10
Verdict:
We gave Aspire App a 7/10, categorizing them in the “Prospective” placement based on our rating scale*.
In conclusion, Aspire App shares first place for the highest overall score in this month’s selection with Good Eggs. This well deserved score is mainly highlighted in their market and potential to grow. Aspire App operates in a large market with moderately low level of consolidation. They have impressive figures and have been awarded multiple awards, further solidifying the claim of their potential. Aspire was founded by a great team, and with their current state and credibility, their potential is limitless.
*Find more details on our scale at the end of the article.
Energy & Climate♻️
Our 2 startups in Energy & Climate for this month are Heirloom Carbon and Climate X. Please note that these startups will be classified in a special category in the upcoming monthly newsletter. More metrics such as impact will be measured to better rate these startups fairly.
11. Heirloom Carbon
Country: United States
Here’s a short description of Heirloom Carbon👇
Heirloom, a company that is restoring balance to our atmosphere by removing 1 billion tons of carbon dioxide by 2035. Heirloom uses natural processes to engineer the world’s most cost-effective Direct Air Capture solution. Heirloom captures CO2 from the air and embeds it permanently in concrete, creating stronger and greener buildings. Heirloom is a project that combines science, technology, and sustainability to fight climate change.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Heirloom, the ratings are as follows:
Transcript:
ARR/RELATIVE: 6/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 3/10
FOUNDING TEAM: 6.5/10
GROWTH POTENTIAL: 5/10
As mentioned earlier this startup will be classified in a special category in the upcoming monthly newsletter. More metrics such as impact will be measured to better rate these startups fairly.
Verdict:
We gave Heirloom Carbon an overall score of 5.1/10, categorizing them in the “Watch” placement based on our rating scale*. (Please note that this rating might be subject to change due to the implementation of impact metrics)
In conclusion, Heirloom Carbon scored decently on almost all our scales, except for the industry and potential to disrupt. Although Heirloom’s overall impact is large, and tackles a big problem, its use case is quite niche and specific. If Heirloom Carbon can manage to scale their product in their moderately low consolidated market, which with their impressive team and metrics, is extremely possible, then their growth potential can be expected to substantially increase.
*Find more details on our scale at the end of the article.
12. Climate X
Country: United Kingdom
Here’s a short description of Climate X👇
Climate X is a company that provides global climate risk data and analytics for various industries and sectors. Climate X uses climate science and econometrics to deliver location-specific risk ratings and loss estimates for extreme weather events linked to climate change. Climate X helps organizations become more resilient to the impacts of climate change and meet regulatory disclosures. Climate X is a project that combines science, technology, and finance to build a better and more climate-resilient future.
Ratings:
As always, our ratings are split into 4 different categories, handpicked for every startup featured based on what we think is fair. For Climate X, the ratings are as follows:
Transcript:
ARR/RELATIVE: 2/10
TAM-SAM-SOM/POTENTIAL TO DISRUPT: 4/10
FOUNDING TEAM: 2/10
GROWTH POTENTIAL: 8/10
As mentioned earlier this startup will be classified in a special category in the upcoming monthly newsletter. More metrics such as impact will be measured to better rate these startups fairly. It’s important to note that while some of these ratings are low, it does not necessarily reflect on the performance of the founders. When grading that aspect, we look at factors such as alma mater, previous successful exits, first founders/serial entrepreneurs.
Verdict:
We gave Climate X a 4/10, categorizing them in the “Watch” placement based on our rating scale*. (Please note that this rating might be subject to change due to the implementation of impact metrics)
In conclusion, while Climate X struggled with areas such as ARR/RELATIVE, and founding team, they operate in a great industry with extremely high growth potential. Climate X have the right numbers in terms of market size and potential to disrupt, therefore beating the odds would not be an impossible task in their case. We will be following up to adjust this rating based on impact rating.
*Find more details on our scale at the end of the article.
Thank you very much for reading this month’s curated startup list. We are always working on improving and tweaking our metrics, to deliver the most fair and accurate ratings for these featured startups. Remember that the selections are made at random, and no special treatment would be given to any startup mentioned. Our ratings are based on personal research based on data found publicly, and the ratings are subject to change accordingly if we are provided by any data or metrics by startups mentioned.
If your startup was mentioned and you feel that some ratings were unfairly given, please reach out so we could clarify and potentially adjust if any adjustments are deserved.
Thanks again and see you next month😊
* If you are interested in investing in any startup mentioned, please conduct your own research as this is not investment advice.
Our Rating Scale 👇👇👇
0-10
0-2.9 = Pass
3-5.9 = Watch
6-7.9 = Prospective
8-10 = Invest