Owlin Secures $250K in Seed Funding
11 DECEMBER 2012, AMSTERDAM
SummaryOwlin, a real-time news analysis and notification company, has secured $250K of funding from NoRo Venture Capital. The one-year old start-up has developed an innovative real-time trend and news detection system. With its technology, aimed at financial institutions and governments, users no longer have to search for news - relevant news is pushed straight to their dashboard. Owlin helps users to specify the news they want and makes sure it is delivered instantly.
"I see a lot of opportunities in the data Owlin collects, the fact that they are able to do real-time analysis is in my opinion very valuable." Werner Vogels - CTO & VP Amazon.com
"Real-time news analysis is a hot topic. Owlin provides a powerful solution that goes way beyond our own digital sense. It's a very promising idea for a promising market." Boris Veldhuijzen van Zanten - Co-founder The Next Web
"Per day, more content is published than one can possibly read in an entire lifetime. Owlin knows how to transform all this content into useful information. Such innovations and technologies almost often come from small innovative companies and very little from the big corporates. For me it is a proof that startups add value to the world." Oscar Kneppers - Founder Rockstart
"Owlin has the potential to become not just a local hero. It once more shows that the start-up scene in Amsterdam is alive and rocking." Michiel Verberg - CEO Whatser
"I was used to bureaucratic and slow development processes at the places I worked. This all changed when I met Bas & Richard, the energy these guys have and the speed at which they operate and apply their knowledge, is unbelievable. Working together with these smart guys is great!" Sjoerd Leemhuis - Co-founder Owlin
About the Company:
Founded in 2012 and based in Amsterdam, Owlin extracts actionable intelligence from social media and newswires around the web. In 2012 Owlin was selected out of 354 startups globally to be part of Rockstart's Accelerator program.
About the Team:
Richard Kraaijenhagen - Co-founder & Data Miner
Richard started his career at TwitterCounter and worked on the social statistics of Obama and Lady Gaga. In his own time he developed technology that scans written content from any website in 2 seconds and structures them in a way that deep analysis can be done. Realizing that he just built a very powerful tool, he decided that this had to be the beginning of his own company.
Bas van Ooyen - Co-founder & Artificial Intelligence
In his spare time, Bas contributes to many open source projects. He contributed code to FreeBSD and worked on code now used by NASA. Just before he started working full-time on Owlin, he made his living with another company and built high performance data clusters. He believes that nobody should control your news demand.
Sjoerd Leemhuis - Co-founder & Business Development
As a former ORMIT management trainee, Sjoerd worked in the finance sector as an advisor and project leader for several years. He was on the finance team of the biggest merger in the Netherlands in history (ABN Amro and Fortis). He leaves a promising and comfortable career behind for an entrepreneurial adventure. He thinks that (secretly) everyone wants to have his own business. He believes that it's up to the fast growing startups to get the world out of crisis.
About NoRo Venture Capital
Both partners of NoRo Venture Capital bring in more than 50 years of experience in the financial sector. They stimulate innovation by investing in a broad portfolio of high-tech startups with their fund. They both worked as traders for a while and therefore know how important it is to receive low latent, accurate and reliable news. They would use the Owlin news dashboard without doubt if they would still be trading.