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CoCall 28 ☞ Kara (Sẙ04) ◇ Champion Nawaz Ahmed

8/3/2020

 
Kara is raising up to $1.4M  on $4.0M pre-money.
$550k committed, closing in March 2020.
​

Kara Technologies improves accessibility and quality of service for the Deaf by translating customer-facing content using a hyper-realistic computer-generated avatar backed by an AI engine. I have been watching Kara develop their tech and IP since they were part of the Velocity $100K Challenge three years ago. The founding team supplemented by Ken Erskine are passionate and skilled with the capability to really scale this technology. Regulation in the UK and USA are creating pressure for large companies to cater to the deaf community and these companies are Kara's target customers. 

Following a $700K convertible note round Kara has a built a Minimum Viable Product. They are seeking $1.4M at a $4M valuation to further develop their technology and sell their services in US and UK, and have raised $550K to date. I am investing in this round because I see a lot of value being generated by Kara's technology, especially when they reach stage 3 of their product. I am satisfied that the concerns I had around market and valuation have been adequately addressed in the DD report that has been prepared in collaberation by Enterprise Investment Fund (IEF), Enterprise Angels and NZVIF.

Best regards from Nawaz Ahmed, FKA Champion for Kara ◇ March 2020

Small PRINT: Minimum investment level. $5,000 for FKAngels, $1,000 for U35, $10,000 for general co-investors via FKA Nominees Limited, ZERO COMMISSION charged to founders and investors. 
  ☞ DD Report Feb'20
  ☞ Investment Overview, Kara
  ☞ Marketing Strategy, Sager
  Ask Nawaz @ FKA
  Ask CEO Arash
  Commitment Sheet

Disclaimer

Nothing on this  page or linked on from this page constitutes legal, tax or financial advice. The information contained herein is not comprehensive and is selective, and does not contain all the information that a prospective investor may require to evaluate a decision to invest and the risks associated with that investment.  In making a decision to invest, prospective investors must rely on their own examination of the information contained in this report as well as such other information as they may consider relevant.
This page and the DD Report gives background only on the findings and opinions of the DD Team as of the date of publication with respect to a proposed funding round of the company. This is not an investment prospectus, it does not provide financial advice, and it must ONLY be shared with organisations and individuals so entitled under the Financial Markets Conduct Act 2013.

Confidentiality

All information referenced on this page, in the pitch video and the DD report are strictly confidential. Access to this page does not transfer the right to share any information it contains or references. Only the company or FKA are authorised to share this page at their discretion with potential co-investors.
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