CASE STUDY · 2021 · AI

OthersideAI raised $2.6M — Hustle Fund led, Chapter One and Active Capital followed.

AI-powered written communication built on GPT-3.

FOUNDER

Matt Shumer

SECTOR

AI · Generative AI

STAGE

Seed

FIRST CHECK

Elizabeth Yin · Hustle Fund

RAISED

$2.6M

FOLLOWED-ON BY

Chapter One · Active Capital

The challenge

Tier-1 coastal firms weren't responding. The term sheets that were coming in were below market. Matt needed a credible first check from a name other investors would respect — the kind of signal that turns a stalled round into a real one.

What MatCap did

Made multiple investor introductions across the round.
Connected Matt to Elizabeth Yin (Hustle Fund) — who wrote the first check.
Hosted Matt on the podcast.
Talked through fundraising strategy and round dynamics — when to push, when to walk.

The outcome

$2.6M seed round closed.
Hustle Fund's first check unlocked tier-1 firms following.
Chapter One and Active Capital joined the round.

This is huge.

— Matt Shumer, Cofounder & CEO · OthersideAI

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