Deckmatch Raises $3.1M for U.S. Expansion
Deckmatch, a Norwegian AI startup streamlining private market workflows, has raised $3.1 million in seed funding and is opening an office in Palo Alto to support its U.S. expansion.
The new capital will help Deckmatch build a stronger presence among American investors.
“We’re moving to Palo Alto to be closer to our end customers,” says Leo Gasteen, Deckmatch’s co-founder and CEO. “The concentration of investors is highest on the West Coast and tri-state area.”
The funding round was co-led by Alliance VC and Luminar Ventures, with participation from First Degree Capital and Skyfall Ventures—all of whom were Deckmatch customers before becoming investors.
After extensive beta testing of its product in Norway, Deckmatch launched AlphaLens in January this year.
“We already have plenty of paying customers,” Gasteen notes.
Deckmatch automates private market workflows, converting pitch decks into structured data that syncs directly with tools like Affinity, Attio, and Slack. This streamlined process means a pitch deck is cataloged in a CRM with a memo ready by morning, speeding up decision-making.
Deckmatch CFO and co-founder Walid Mustapha is already based in Palo Alto, and the company is about to hire a head of business development in the SF Bay Area. Gasteen himself plans to relocate from Oslo with his family by mid-2025.
“We will start at Nordic Innovation House in Palo Alto. But as we scale the team, the plan is to have our own space,” he says.
Deckmatch raised a $1.1M pre-seed round in 2023, co-led by Alliance VC and Skyfall Ventures. With the recent round, this brings their total funding to $4.2M to support product development and expansion