QoreNext has closed an Angel funding round with three prominent investors. The new company, started by Annik founder Rahul Sahgal, is launching a cloud-based Data-as-a-Service platform called Qore, for the AI and BI space. Annik was sold, as part of a PE rollup under LiquidHub, to CapGemini in 2018. The Angel investors include Kristin Luck, Adil Wali, and Tom Lynch. They are investing in their individual capacity.
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Kristin Luck is a serial marketing technology entrepreneur whose latest venture is growth strategy consultancy, ScaleHouse. She has previously consulted with Annik. Kristin is a licensed investment banker with Oberon Securities and an accredited investor who has also consulted for high-growth brands such as Voxpopme and Dstillery among others. She has participated in both acquisitions and exits from $30M to $250M. She is also the founder of Women in Research (WiRE), a global network of over 11,000 female entrepreneurs in the Research and Insights space.
Adil Wali has been a founder, investor, and advisor in a variety of eCommerce, FinTech, and SaaS companies. He is the creator of Merit, a cryptocurrency that aims to be the world’s friendliest digital currency. He was also co-founder of ModCloth, a successful social commerce retailer. In addition to a senior leadership role at a top technology company, Adil is an active investor in multiple AI-driven quantitative hedge funds.