London-based investment platform raises £2.4m
IN BRIEF:
- Odin is a “community-centric” way to back startups, the platform manages key processes, including legal, banking, and KYC/AML on behalf of the user.
- The raise included contributions from 220 angels through its own investment platform
- The group of angels is joined by VC Haatch, with the family offices O’Shaughnessy Ventures, Material V and IPQ Capital also participating.
What does this mean?
“I think we are missing a huge opportunity by leaving the power to decide what companies get built in the hands of so few people,” said Mary Lin, co-founder and CEO of Odin. “It means you end up building stuff that just isn’t aligned with our needs...But if you’re anything like me, you wonder whether AI will save us, serve us or destroy us. And you probably think that a lot of the companies VCs invest in – things like 10-minute grocery delivery – are a bit … lame. Is this really the best we can do?”
