From Innov@te to AI VentureFactory, LettsGroup's evolution revolutionises tech and digital venture development. Explore our success stories and join the journey!

After years of refining our venture-building process through our Innov@te™ methodology, LettsGroup is excited to announce that our AI VentureFactory, powered by Innov@te, will be available to external ventures starting June 5th. As we prepare to open our doors, we wanted to share our impressive track record of success and the measurable results we've achieved for startups in our ecosystem.

Our Evolution: From Innov@te to AI VentureFactory

The AI VentureFactory represents the culmination of our venture-building expertise, refined across 3 versions of our Innov@te venture building process and used by 15 sector defining tech ventures:

Innov@te Version 1

Our initial version helped launch and scale groundbreaking ventures, including:

• The world's first cryptocurrency with 6.2 million consumers and thousands of business users
• Achieved $15M in revenue within 18 months of market launch
• Became the first international Internet Unicorn from the UK
• Secured $80M in funding from leading VCs in the US and Europe
• Acquired by what was then the largest private US conglomerate

 Innov@te Version 2

Our second version powered several innovative companies:

• One of the first mobile software companies developing smartphone app stores and phone-top systems (pre-iPhone)
• Adopted by major mobile operators worldwide including 3 (UK), Telefonica (Spain), and Telstra (Australia)
• Raised $35M from prominent UK and European VCs
• Sold to Fujitsu for approaching $100M
• Innov@te Version 2 also powered one of the first creative services marketplaces with over 75,000 suppliers and buyers
• Reached a peak valuation of $400M before being taken private and acquired

Innov@te Version 3: The AI VentureFactory

For the past three years, we've been developing our next-generation platform, the AI VentureFactory. The results from our private beta have been remarkable:

• Helped start and build 5 branded ventures from idea to seed stage in less than 3 years
• All ventures now live in their respective markets with industry changing hi-tech platforms
• Some are already generating early revenues

Measurable Results and Key Performance Indicators

Our AI VentureFactory has demonstrated exceptional performance across several key metrics:

Cost Efficiency

• Up to 90% lower cost-to-build compared to typical costs for taking a tech venture to seed stage
• Significantly increased operational efficiency, meaning founders can spend 30% more time focused on their product and customers
• Smaller teams and lower cash burn rates than industry averages
• 40%+ faster time to market and quicker paths to profit than previously thought possible
• Fast, focused and original routes to fundraising

 

 

Success Stories from Our Private Beta

Our five branded ventures showcase the power of our methodology:

1. A No-Code AI Software Company for the Art World

   • Launched just over a year ago
   • Already supporting over 1,000 art galleries
   • More than 3,200 users

2. A Pioneering Nature-Tech Platform

   • Approaching 700 subscribers
   • Many subscribers are industry leaders
   • Successfully launched to market just a few months ago

3. Additional Innovative Ventures

   • An AI-powered newsroom tech company for independent journalists, PR's and content managers which has completed its private beta and moving to market launch
   • An enterprise-class Content Management Blockchain delivering content verification, micro-monetisation, and AI enablement at massive scale
   • These ventures are led by some of the UK's most experienced CTO-entrepreneurs

The Power of Experience

LettsGroup's senior team brings unparalleled expertise to the table:

• Collectively helped build and lead dozens of groundbreaking tech and digital companies
• These companies were worth over $50 billion in aggregate during their tenure
• Our Co-Pilot experts specialise in strategy, technology, product, design, marketing, business development, and fundraising
• Decades of experience in the international tech startup and scale-up ecosystem

The AI VentureFactory Advantage

What makes the AI VentureFactory yet more powerful is our comprehensive support system:

• Expert Co-Pilots backed by our AI VentureFactory platform
• Step by step AI decision making system throughout the life of tech-driven ventures
• Access to a library of leading 3rd-party AI agents and applications
• Strategic relationship building and network access
• Flexible specialised Co-Pilot hours aligned with your venture's development stage

Join Our Ecosystem

As we prepare to open the AI VentureFactory to external startups, we're offering additional benefits to our community:

• Bi-annual investor demo days for select AI VentureFactory startups
• Opportunity to integrate more deeply into our venture network after 6 months on the platform

The true value of the AI VentureFactory lies in its ability to navigate the hundreds of key decision points and challenges that tech startups face. Our platform provides the process, structure, tools, automations, and insights to optimise your journey at every stage, ensuring you're never blindsided by "what you don't know you don't know."

Ready to Transform Your Startup Journey?

With a track record of 15 companies and dozens of tech entrepreneurs successfully using the Innov@te methodology, and 5 branded ventures already scaling with the new AI VentureFactory, we're confident you can accelerate your startup's success.

We're currently allowing early signup. If you're interested in finding out more about LettsGroup's AI VentureFactory platform or would like more information about our programme go to Letts.Group. Alternatively, sign up today and jump the queue for the June 5th launch at pricing.Letts.Group.

Transform your startup journey with LettsGroup's AI VentureFactory – where innovation meets execution.