AI agents that evaluate investment opportunities

A pilot project for RunwayFBU venture capital firm in efforts to be able find the needle in the haystack.
TECHNOLOGY STACK

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HIGHLIGHTS

AI evaluation agent

Researcher agent

Prompt engineering

Training and calibration

SERVICES PROVIDED

Strategy

Engineering

INDUSTRY

Finance

MARKET FOCUS

Norway

RunwayFBU

RunwayFBU is an early-stage venture capital fund and tech hub based in Oslo, Norway, dedicated to supporting ambitious entrepreneurs in building software-driven technology companies. With a founder-friendly approach, they manage a $30 million fund, offering investments ranging from $100,000 to $3 million.

Visit runwayfbu.com

About the project

RunwayFBU evaluates enormous amounts of data daily. From startups sending their pitch decks to receiving newsletters with new startups being seen in various channels. In order to focus their time on the best fitting companies, they needed a way to sort through the noise and find the startups that closely match their needs.

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After
Client Challanges

With Artificial Intelligence growing fast, they wanted to jump on the train and take leverage of the capable models and implement a solution that solves their pain points. The main challenges in this project included:

  1. Create a data researcher AI agent crawls the internet about the founders, gets financial data from various APIs and collects other critical information
  2. Create an AI evaluator agent that scores startups based on custom metrics and what RunwayFBU are looking for in startups with a high confidence rate
  3. Launch the prototype so it is easily adopted by their evaluations team
Before
After

The role of Magebit
Where digital magic comes to life

Magebit has been innovating with AI since 2016. In this project we were tasked to build a functioning AI agent system that drastically reduces the need of manual human labor so evaluation team can focus on startups that are closely matching what RunwayFBU is looking for. Our responsibilities included:

  • Agentic workflow planning
    Full strategy and AI-communication mapping of how AI agents will interact with each other as well as how they will interact with humans.
  • AI design and development
    Flows, data retrieval, evaluation and complete implementation of the project.
  • Model training and calibration
    To ensure the results are actionable and highly accurate, we trained and calibrated the AI agents to get meaningful results.
  • Prompt engineering
    As with any AI project, prompts, system messages and context are critical.
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After

Results we delivered

The figures speak volumes about how Magebit’s work has contributed to the remarkable success of Monument Metals, guaranteeing sustained business expansion.
Return of ad spend
+ 25%
Total sales
+ 41%
New organic users
+ 48%

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Reliable, human and exceptional.

We reduce friction, solve problems, and help your business thrive with ease.

Reliable, human and exceptional.

We reduce friction, solve problems, and help your business thrive with ease.