π Welcome to Learning VC! Iβm Luis Llorens and I write monthly about venture capital, fundraising and my personal experiences as an investor.
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73 startup applications.
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Stages: 1% Stealth | 73% Pre-seed | 22% Seed | 4% Series A & B
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Geographies: 34% US | 18% Spain | 14% UK | 34% Rest of the world.
π€― 1,222 submissions in 2025.
If you're a business angel or VC and would like to see the list of startups, leave a comment below or scroll to the end of this post.
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π HQ: San Francisco, US
π Industry: AI, Software Development
β Stage: Early Growth and Scaling
π¨ Problem: AI inference costs are the fastest-growing line item for any company building on AI, and most teams have no intelligent layer optimizing them.
π Solution: Hicap fixes that. One API integration routes and forecasts your AI workloads across all major LLMs, cutting inference costs by 30-40% with zero tradeoff on speed or reliability.
π±Product: AI gateway API and dashboard let teams access and route requests across multiple AI models and providers through a single endpoint, with unified billing, routing logic, and usage monitoring
π― Ideal Customer Profile: Series AβB-C companies building in the AI application layer, along with developers who consume AI tokens directly or through integrations in their coding workflows.
π Traction: 4,400 B2C users. 2 signed multi-year B2B contracts at $400K ARR.
π Market: $250B AI infrastructure market.
π₯ Andres Girault (CEO): 2Γ founder (1 exit); led a 30-person AI team post-acquisition.
π₯ Javier Cevallos (CTO): 10 years at Azure infrastructure; MSc in Computer Science (USC).
π₯ Juan Ansaldo (CFO): Background in investment banking and VC; part of team that took a company public at $13B.
π₯ Ben Green (CPO): 15 years building developer tools at PayPal and Honey.
π° Round: Seed Round.
π HQ: Madrid, Spain
π Industry: AI, Regtech
β Stage: Pre-Seed
π¨ Problem: Regulation is the operating system of every country, and no one can keep up with it. 44,555 rules in force in the EU. 2,800+ new acts per year. 1,500+ sanctions per year.
π Solution: Reversa replaces manual compliance workflows with AI agents that monitor 500+ regulatory sources, understand each company's specific context, and orchestrate actions.
π±Product:
π«° Business model: B2B SaaS. Annual contracts. PA consultancies and law firms as distribution partner layer.
π― Ideal Customer Profile: Regulated enterprises with multi-jurisdictional exposure. PA consultancies and law firms managing compliance for multiple clients.
π Traction: β¬60k ARR in 5 months of operations. Revenue growing from 100% MoM.
π Market: Global RegTech: β¬19.6B
π₯ Santiago Aliaga (CTO): ex-Amazon AI Lead, ex-Accenture. Top 1% Fiverr in Blockchain. Analytics & Law (ICADE).
π₯ ΓΓ±igo MartΓn (CPO): ex-Mundi Ventures, ex-Monitor Deloitte. Analytics & Law (ICADE).
π₯ TomΓ‘s Burgaleta (CRO): Worked at US M&A & Operations at Tetuan Valley. Master of Laws (Tulane Law-USA).
π° Round: β¬400k pre-seed. Contact: inigo@reversa.ai
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π HQ: Belgium
π Industry: Mobility / Climate
β Stage: Seed / Pre-Series A
π¨ Problem: Two-wheelers dominate urban mobility globally, but they fail in real-life use cases like carrying goods, families or daily tasks, forcing users back into cars.
π Solution: Any is building a new category of urban mobility, Life Utility Vehicles (LUV): a modular, cargo-capable electric two-wheeler platform that combines the practicality of a car with the efficiency of a motorcycle.
π±Product:
π«° Business model: Vehicle sales, high-margin accessories, and subscriptions to services.
π― Ideal Customer Profile: Professionals in flexible or independent fields - such as designers and freelancers - who move frequently within cities for work and daily life. Urban workers like delivery couriers, service staff and caregivers.
π Traction: Prototype stage, final BOM, roadmap to SOP. Strong early consumer traction and pre-registrations (exceeding marketing benchmarks).
π Market: $500B+ global powered two-wheeler market undergoing electrification, with a clear gap for a new βright-sizedβ urban vehicle category.
π₯ Lowie Vermeersch (Head of Design) β Former Design Director at Pininfarina and founder of Granstudio. Experience designing for Ferrari, Maserati, and the world's largest OEM's.
π₯ Pieter Van de Velde (CEO) β Experienced operator and founder with background in product design, venture capital and scaling ventures
π₯ Erik de Winter (COO) β Operator with deep experience (10+ years) in urban mobility and scaling international operations.
π° Round: Seed round. Pitch deck upon request.
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