CASE STUDY
Raising Without a Network: 46 Investor Conversations in 45 Days
  • 46 Warm Investors
  • 9.0% Reply Rate
  • 3 Investor Types Validated
About VISEIO
VISEIO is a French deep-tech startup building a camera with on-device AI for AI, security and defence applications.
  • Solution
    Investor Outreach
  • Industry
    Deep Tech / Computer Vision
  • Headquarter
    France
  • Company size
    1-10
Challenges
  • Capital, Not Customers
    Demos were already booked for the autumn. The bottleneck was not demand for the product, it was the funding to build it out.
  • A List, Not a Pipeline
    Around fifty French investor names existed on paper, with no committed conversations behind any of them.
  • First-Time Fundraisers
    Founded in April 2026, the team had no fundraising track record and no experience running outbound.
  • Network Ended at the Border
    Everything outside the founders own French contacts was effectively out of reach.
Solutions
  • Investor Positioning From Scratch
    Traction was framed as validation rather than revenue, so early-stage signals carried the story instead of undermining it.
  • Three Investor Types in Parallel
    VC funds, angel networks and defence and dual-use funds were approached at the same time rather than one after the other.
  • EU-Wide Outreach in Two Languages
    English and French sequences opened conversations across Europe, deliberately far beyond the network the founders already had.
  • Continuous Read on Investor Response
    Reply patterns per investor type showed where the story landed and where it still needed sharpening.
Results
“We started with a list of fifty names in France and no idea how to reach anyone beyond it. Within weeks we were talking to funds across Europe we would never have found on our own.”

Marc Leminh,
Co-founder at VISEIO
  • 46 Warm Investors
    From 904 investors approached across the EU in 45 days.
  • 9.0% Reply Rate
    81 human replies, well above the benchmark for cold outreach.
  • Three Investor Types Validated
    40 VC funds, 5 angel networks and 4 defence funds engaged.
  • Reach Beyond the Network
    Conversations with funds across Europe the founders had no route to before.
Resources Allocated by UltB
Each client requires an individual approach and dedicated resources. For VISEIO, we have comprised a team that worked on every aspect of this project:
  • Dedicated Campaign Manager
  • Customer Success Manager
  • Interested Reply Manager
  • Technical Infrastructure & Deliverability Expert
  • Admin and Operational Comms Specialist
  • Internal Expert for Sales Call Reviews
Ready to see results like these? Book a call now!