Highlights

• Funding round led by xdeck, alongside several high profile business angels
• Narratic Labs provides an intelligent company search and research platform, enabling users to unlock $10B+ automation potential
• Pre-seed funding will be used to launch Narratic platform and accelerate product development

Left to right: Dennis Zeiler (xdeck), David Hinrichs, Arne Wolfewicz, Hagen Hoferichter (Narratic Labs), Markus Gick (xdeck)

Berlin, Germany. May 27, 2024 – Narratic Labs, a Berlin-based AI startup, proudly announces the successful completion of their €750K pre-seed funding round.

Leading this funding round was xdeck, a Cologne-based early-stage Venture Capital fund specializing in B2B software solutions. The round also saw participation from esteemed Angel Investors, including Nicole Becker (Board Member at The Platform Group), Lothar Harings (former Board Member at Kuehne + Nagel), and several founders and operators from global B2B innovators.

The capital injection will be used to expand Narratic Labs' team and facilitate the launch of their self-service platform, allowing gradual access expansion to more users. This follows the successful validation of their core value proposition with a dedicated group of early access customers.

Narratic Labs addresses two significant challenges in the B2B sales sector: identifying and researching optimal partners for companies. Initially focusing on B2B interactions, the startup envisions broad applications, including personal and scientific research.

Leveraging cutting-edge technology, Narratic Labs is constructing an extensive business database and training proprietary AI models to comprehend companies at a granular level. These models enable natural language searches, efficiently identifying suitable partners across millions of data points.

To surpass the capabilities of standard language models, Narratic Labs has developed an array of AI models that continually improve through expanding databases and user feedback, ensuring optimal customer service.

Since its private launch, Narratic Labs has welcomed a select group of early access users to its platform. Although access remains limited, the company is accelerating the onboarding process for its waitlist, which includes both established and emerging B2B sales organizations worldwide.

Arne Wolfewicz, Co-Founder and CEO at Narratic Labs comments:

After conducting hundreds of user interviews, we've identified significant gaps in the company data market. xdeck specializes in enabling B2B-focused teams, so getting access to their expertise and network helps us accelerate both our product development and go-to-market.

Hagen Hoferichter, Co-Founder and CTO at Narratic Labs, comments:

Our data helps customers make critical business decisions, and the collaboration with xdeck enables us put full focus on continually refining our product. We aim to be at the edge of technology to minimize human labor without compromising quality.

Markus Gick, Managing Partner at xdeck comments:

We at xdeck are thrilled to support Narratic on their journey as one of the first believers. Narratic are building a powerful data product with several million data points, which they now make accessible through an intuitive and AI-first user interface.

About Narratic Labs · narratic.ai

Narratic Labs, founded in 2023 by Arne Wolfewicz and Hagen Hoferichter, is a Berlin-based AI startup revolutionizing B2B connections. The company builds an AI-based platform that reduces manual research and identify the right partners. Its language-based lead search and research solution is transforming how sales teams find and engage future customers. Committed to high-quality, efficient information products, Narratic Labs continuously improves through user feedback and advanced AI development.

About xdeck · xdeck.vc

xdeck ventures is an early-stage venture capital investor focusing on tech companies with superior solutions in process automation, applied big data / AI, and sustainability tech. xdeck ventures invests in inspiring teams with deep domain expertise and a distinctive understanding of the problem they are trying to solve. Moreover, they are looking for differentiated products or services that solve a real pain point for customers and teams who are building something significant with the spirit to walk the extra mile. As investor on eye level, xdeck ventures empower founders to constantly challenge their status quo by being their biggest critic and close sparring partner at the same time.