# ChAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chai

- Industry: Software
- Headquarters: London, UK
- Website: www.chai-uk.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Oct 4, 2022)
- Investors on record: 8

## About

ChAI is a London-based company specializing in AI-driven market intelligence for raw materials, focusing on providing actionable insights and risk management solutions to clients across diverse industries.Founded in 2017, ChAI is headquartered in London, UK, providing AI-powered insights into raw material markets. The company has raised GBP 500,000 in Seed funding as of October 2022 from investor Primo Ventures, and has successfully completed a total of 5 funding deals. The founders include Eric Jungo, Marcus Dixon, Stephen Butler, and Tristan Fletcher, who also serves as CEO.ChAI specializes in AI-powered raw material market intelligence, offering two core products: ChAI Insight and ChAI Protect. ChAI Insight provides users with access to comprehensive commodity pricing forecasts and market analysis, leveraging advanced AI technology to identify trends and insights within raw material markets. This solution supports procurement strategies by synthesizing vast amounts of data into actionable intelligence, enabling companies to make informed decisions. On the other hand, ChAI Protect serves as an insurance offering designed to mitigate price risk associated with raw material fluctuations, thereby safeguarding businesses against market volatility. The company's client base spans various sectors, including metals, energies, plastics, and agriculture, serving both large enterprises and SMEs across regions such as Europe, North America, and Asia-Pacific.ChAI generates revenue primarily through subscription-based models for its ChAI Insight and ChAI Protect products. Clients enter into agreements that provide them with access to tailored market intelligence and risk management solutions, typically structured as annual or semi-annual subscriptions. These partnerships enable organizations to leverage ChAI’s technology for commodity price forecasting and risk mitigation, creating a direct B2B relationship between ChAI and its clients. The revenue model is underpinned by the value that ChAI’s offerings bring to businesses, helping them navigate the complexities of commodity pricing while ensuring business growth through risk management solutions. Specific pricing details and transaction structures are aligned with the bespoke nature of the services provided, reflecting the unique needs of each client.In October 2022, ChAI raised GBP 500,000 in venture funding from returning investor Primo Ventures, which will be utilized to expand operations and enhance development efforts. The company aims to introduce new products designed to further improve market intelligence capabilities. ChAI plans to target new regions for expansion, with a focus on enhancing its presence in markets across Asia-Pacific and North America by 2024.

## Funding rounds

- Seed, Oct 4, 2022, $0.6M — Primo Capital
- Seed, Sep 7, 2022, $0.3M — Seraphim Space Manager, Passion Capital, Primo Capital, InsurTech Gateway, 2050, Portfolio Ventures
- Seed, Dec 4, 2019, $1.6M — MMC Ventures, Passion Capital, Dynamo

## Investors

- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Seed
- Passion Capital — Seed
- Dynamo — Seed
- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Seed
- Primo Capital (https://capitalatlas.ai/funds/primo-capital) — Seed
- InsurTech Gateway (https://capitalatlas.ai/funds/insurtech-gateway) — Seed
- 2050 (https://capitalatlas.ai/funds/2050) — Seed
- Portfolio Ventures (https://capitalatlas.ai/funds/portfolio-ventures) — Seed