What was the scope of their involvement?
OAK’S LAB developed our website for the fund. Based on the early success that we had with them, many of the companies associated with us chose to work with them as well. The nature of each project varies depending on the individual company’s needs. They’re capable of providing website development, designing backend architecture, and implementing frontend interfaces. Specifically, they built the entire tech stack for our global real estate exchange company.
The work they perform is fairly robust from a front– and backend perspective. The platform’s UI/UX had to be extremely customer friendly and maneuverable so that users can purchase a rental property with the click of a button. While the system is complex, the actual process must be simple to operate. Luckily, they allocated a massive team to ensure everything functions smoothly. From a regulatory perspective, there’s a lot of challenges regarding what features can be available on each platform. OAK’S LAB was involved from day one and completed development. The platform will be launching in the near future.
What is the team composition?
We usually work with a project manager and several developers. Each development cycle is customized toward the client’s needs. Jakub (CEO & Co-Founder, OAK’S LAB) and Theo (Executive Director & Co-Founder, OAK’S LAB) stay involved as consistent contacts.
How did you come to work with OAK’S LAB?
My partner had worked with them on a particular project before we started the fund. He liked the work they did, so we gave them the opportunity to win some business in our portfolio.
How much have you invested in them?
We’ve spent over $1 million.
What is the status of this engagement?
We started working with them in January 2017, and it’s an ongoing relationship. They’re currently working on projects for our portfolio companies.