Woodriff Single Family Office Invests In $2.3M Seed Round Of New York-based Startup

Woodriff Single Family Office Invests In $2.3M Seed Round Of New York-based Startup

The New York-based startup Yogi recently received a $2.3M seed funding round. One of the main investors was the single family office of hedge fund manager Jaffray Woodriff.

Yogi: Feedback Analytics Platform

Yogi offers a feedback analytics platform which combines and evaluates user feedback from multiple sources. Exemplary feedback sources are the Google or Apple App Store, Trustpilot,  Foursquare, Amazon or Walmart. The deep learning powered platform categorizes and visualizes the product feedback over multiple sources. Thereby, the startup helps its customers to get a clear overview where improvement is possible or needed (e.g.: the user interface of an app, annoying notifications, etc.). The firm founded by Gautam Kanumuru and Chad Becker uses state-of-the-art natural language processing algorithms and visualizations.

$2.3M Seed Founding Round: Virginia Single Family Office Invests

To accelerate its development and growth, Yogi now raised a $2.3M seed funding round. The round was led by RTP Ventures. Other investors include Felton Group LLC and Entrepreneurs Roundtable Accelerator. Felton Group LLC is the Virginia-based single family office of Jaffray Woodriff. Woodriff is the co-founder of Quantitative Investment Management (QIM), a hedge fund from Charlottesville (Virginia) focused on a “Black Box” statistical approach when it comes to investment decisions. Felton Group mainly invests in early stage technology companies, as well as real estate in Virginia. The investment in Yogi strategically makes sense: Woodriff’s hedge fund is based on statistics and data science, Yogi relies on modern statistical methods and Woodriff donated $120M in 2019 to the University of Virginia to launch a “School of Data Science”.

Sources
Finsmes, 28.01.2020
Wikipedia, 28.01.2020
Unsplash (Picture), 28.01.2020

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