Velvet
Velvet provides AI-driven software to help investment professionals streamline fundraising and automate daily operations, ensuring data privacy and security.
Services
Velvet provides software designed to assist investment professionals with raising capital. The company automates day-to-day operations for funds using artificial intelligence, saving users approximately 25% of their time. This includes generating various documents such as investment memos, LP reports, and notes, which are derived from emails, public data, and pitch decks. Velvet also offers a digital analyst copilot to expedite due diligence processes and automatically structures insights for every deal and portfolio.
AI and Automation
Velvet uses advanced AI technologies to augment workflow for investment professionals. It helps in building a fund’s database by extracting company details from deal documents and pitch decks. The platform automates the generation of key documents and schedules meetings, tracks sales pipelines, and facilitates communication with potential investors. By implementing these AI-driven processes, Velvet significantly streamlines operations for venture capitalists.
Data Security and Privacy
Velvet prioritizes user data security by providing industry-grade encryption both at rest and in transit, utilizing services from Azure and AWS. The company ensures that user data is not used to train machine learning models or shared with third parties for training purposes. Additionally, Velvet offers a private workspace where user data remains invisible to other users or businesses, adhering strictly to privacy standards set by Google Workspace APIs and using third-party AI tools that ensure user data privacy.
Investment Professional Tools
Velvet equips investment professionals with tools to enhance their efficiency and productivity. The platform includes features for generating investment reports, scheduling meetings, tracking sales pipelines, and facilitating communication with potential investors. By automating these tasks, Velvet aims to streamline the workload of venture capitalists, providing them with more time to focus on making strategic investment decisions.