DefinedCrowd Closes $1.1M Seed Investment
As the CEO and founder of DefinedCrowd, I couldn’t be happier with this achievement. We closed our seed round exactly one year after Amy Du and I started this company, in August 2015. It has been an incredible rollercoaster since then, with major highlights such as getting our first customers, opening the Portuguese subsidiary in Startup Lisboa, being accepted into the Microsoft Seattle Accelerator, where we learned so much (thanks to Hanan Levy, Prashant Sharma, Aya Zook and Tim Enger) and meeting our incredible investors, who believe in us and who share our ambitious vision of being the number one data science platform for artificial intelligence worldwide. I’m immensely proud to be working with Amazon and Sony now; these strategic partnerships can help us fine tune our product vision. Being Portuguese myself and knowing the quality and stability of the talent in Portugal, setting up an R&D center in Lisbon was a no-brainer for me. I was pleased to convince Joao Freitas, our CTO and one of the best tech professionals in Portugal, to join DefinedCrowd and to run the operation in Lisbon. In this round, we will continue the investment in Portugal. Looking for Portuguese investment in this context was natural and strategic for us, and we’re thrilled to have Portugal Ventures, the most prestigious VC in Portugal, backing us in this round, as well as BusyAngels, who brings us valuable business experience and insights to the European market. Last but not the least, I am very happy to have SWAN, a Seattle Angel group, as part of our group of investors in this round. SWAN brings diverse business experience and continuous mentorship.
This seed round is a historical milestone for our company and the round of funding allows us to boost our SaaS platform development. We’re growing our team in Lisbon from 5 to 12 people in the next 3 months and looking for a bigger office in Seattle as well.
I would also like to thank all our customers that have believed in us and allowed us to prove our product. At DefinedCrowd, our customers come first. We are here to continue serving them and all new coming customers. And we are already global, with signed customers in the US, Europe and Asia.
We have very ambitious goals for the next milestone and we’re all focused on them. Exciting times are ahead of us!