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Venture Capital
flexcapital.com

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Investments

8

Funds

1

About Flex Capital

Flex Capital is a San Fransciso-based venture capital firm.

Flex Capital Headquarter Location

36 Palm Ave

San Francisco, California, 94118,

United States

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Latest Flex Capital News

Defy Partners leads $3M round into sales intelligence platform Aircover

Sep 17, 2021

Aircover raised $3 million in seed funding to continue developing its real-time sales intelligence platform. Defy Partners led the round with participation from Firebolt Ventures, Flex Capital, Ridge Ventures and a group of angel investors. The company, headquartered in the Bay Area, aims to give sales teams insights relevant to closing the sale as they are meeting with customers. Aircover’s conversational AI software integrates with Zoom and automates parts of the sales process to lead to more effective conversations. Aircover’s founding team of Andrew Levy, Alex Young and Andrew’s brother David Levy worked together at Apteligent, a company co-founded and led by Andrew Levy, that was sold to VMware in 2017 . Chatting about pain points on the sales process over the years, Levy said it felt like the solution was always training the sales team more. However, by the time everyone was trained, that information would largely be out-of-date. Instead, they created Aircover to be a software tool on top of video conferencing that performs real-time transcription of the conversation and then analysis to put the right content in front of the sales person at the right time based on customer issues and questions. This means that another sales expert doesn’t need to be pulled in or an additional call scheduled to provide answers to questions. “We are anticipating that knowledge and parsing it out at key moments to provide more leverage to subject matter experts,” Andrew Levy told TechCrunch. “It’s like a sales assistant coming in to handle any issue.” He considers Aircover in a similar realm with other sales team solutions, like Chorus.ai, which was recently scooped up by ZoomInfo , and Gong, but sees his company carving out space in real-time meeting experiences. Other tools also record the meetings, but to be reviewed after the call is completed. “That can’t change the outcome of the sale, which is what we are trying to do,” Levy added. The new funding will be used for product development. Levy intends to double his small engineering team by the end of the month. He calls what Aircover is doing a “large interesting problem we are solving that requires some difficult technology because it is real time,” which is why the company was eager to partner with Bob Rosin, partner at Defy Partners, who joins Aircover’s board of directors as part of the investment. Rosin joined Defy in 2020 after working on the leadership teams of Stripe, LinkedIn and Skype. He said sales and customer teams need tools in the moment, and while some are useful in retrospect, people want them to be live, in front of the customer. “In the early days, tools helped before and after, but in the moment when they need the most help, we are not seeing many doing it,” Rosin added. “Aircover has come up with the complete solution.”

Flex Capital Investments

8 Investments

Flex Capital has made 8 investments. Their latest investment was in Aircover as part of their Seed VC on September 9, 2021.

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Flex Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/17/2021

Seed VC

Aircover

$3M

Yes

Defy Partners, Firebolt Ventures, Ridge Ventures, and Undisclosed Angel Investors

3

6/23/2021

Series C

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$99M

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10

4/6/2021

Seed VC - II

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$99M

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10

3/15/2021

Seed VC

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$99M

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10

3/11/2021

Seed VC

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$99M

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10

Date

9/17/2021

6/23/2021

4/6/2021

3/15/2021

3/11/2021

Round

Seed VC

Series C

Seed VC - II

Seed VC

Seed VC

Company

Aircover

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Amount

$3M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Defy Partners, Firebolt Ventures, Ridge Ventures, and Undisclosed Angel Investors

Sources

3

10

10

10

10

Flex Capital Fund History

1 Fund History

Flex Capital has 1 fund, including Flex Capital Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Flex Capital Fund I

1

Closing Date

Fund

Flex Capital Fund I

Fund Type

Status

Amount

Sources

1

Flex Capital Team

1 Team Member

Flex Capital has 1 team member, including undefined undefined, undefined.

Name

Work History

Title

Status

Felix Haas

Founder

Current

Name

Felix Haas

Work History

Title

Founder

Status

Current

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