This deck captured $3.5m for AI firm’s seed round

ABOUT

Docsumo is an AI-powered document reader that helps businesses make automated decisions from unstructured documents such as financial statements, tax returns, and insurance policies. The company said its offering helps clients reduce processing costs by 70% and increase efficiency by 50%.

The firm was founded in 2019 by Rushabh Sheth and Bikram Dahal. Based in Singapore, it has offices in India and Nepal as it eyes entering the North American market.

Docsumo used this pitch deck to obtain its second round of seed funding.

Fundraising journey

• 2020: US$220,000 of seed funding from Better Capital, Techstars, and Barclays
• 2022: US$3.5 million in a second round of seed funding led by Common Ocean and joined by Fifth Wall, Arbor Realty Trust, and Better Capital

How is the deck compelling?

• The deck is clean and neat with a sufficient amount of visuals such as illustrations, figures, and charts to complement the content.
• It shares the big idea behind Docsumo, stressing on the current pain points of document processing.
• It describes the type of API that Docsumo builds, and it also details the company’s clients, its revenue growth, and how it differs from competitors.
• The deck wraps up with a simple introduction of the firm’s key members while disclosing its funding usage plan.

SOURCE

Deck: Docsumo