Fika Jobs raises $4 million pre-seed round

I’m happy to have been driving Alliance VC‘s investment in Stockholm-based Fika Jobs and to back Jakob Dubois, Alexander Dubois and the rest of the team as they build the future of hiring.

Matching people with the right jobs is one of the most important functions in a modern economy. As AI reshapes the world of work, using technology to better understand human motivations rather than just credentials is becoming more critical, not less.

Fika Jobs uses AI-powered video interviews to give companies a fuller picture of who a candidate actually is, and to give candidates a way to show more than what fits on a CV.

The round has been covered in TechCrunch, Dagens Industri and Tech.eu.

Lightbringer raises $10 million Series A

Alliance VC has invested in Lightbringer’s $10 million Series A, which will be used to expand to the United States and further develop its AI-powered patent platform. Read more at Dagens Industri (se), Breakit (se), EU-Startups, Tech Funding News, Tech.eu and The Next Web. Also LinkedIn posts from the company as well as Dominic, Ola, and Markus, the three founders.

A roadmap for building the future of SaaS

My good friend James Pember has been writing an interesting Substack on AI, software development and business for about a year now. His latest post A roadmap for building the future of SaaS is great read. The article touches some of my recent thinking, and I like his ending to the article:

“…the bar for what we will consider “premium” software is going to be drastically raised, but the opportunity on the other side may be bigger than any other time in software history.”

This is critical for any company looking to raise capital. A startup has always needed a 10x product to succeed, but today’s x is yesterday’s 5x. This means today’s premium software needs to be at least 50x in 2021 terms.

Gustav Söderström (Spotify co-CEO) interviewed by David Senra

Gustav Söderström interviewed by David Senra. A very good listen covering organizing and running technology companies, building products and AI.

The lesson that there’s not one best way to organize a company, and every way of organizing has advantages and likely disadvantages is something that should be repeated often. But as important is the part of the lesson that says founders and CEOs should organize their companies in a way that fit them personally.