Damian Scavo
About Damian Scavo
Damian Scavo is the CEO and CIO of Streetbeat, an AI-driven investment platform based in Palo Alto, California. Streetbeat's site lists him as co-founder. Its product, StreetbeatPRO, offers agentic AI tools to wealth managers, banks and brokerages.
He began his career in business development at List Group, which is now part of Ion Trading System. In 2006 he co-founded Goldmind, a private trading desk, where he helped develop the core trading algorithms. In 2008 he founded Progetto Savana Bank, a social finance project in Benin.
In 2012 he co-founded Axwave with Loris D'Acunto. Axwave was a data company built on audio fingerprinting and automatic content recognition. Samba TV acquired it in 2019, and Scavo then served as an advisor to Samba TV. Crunchbase counts four companies founded by him and one exit.
Crunchbase lists two personal investments and one portfolio company. Both investments are in Axwave, the company he co-founded and ran as CEO. Crunchbase shows no lead investments. The two Axwave funding rounds it shows are dated April 2012 and April 2016.
We found no public record of him writing checks into other founders' companies. He has no public angel thesis, check size or fund. Founders should read him as an operator who invested in his own company. They should not assume he is an active angel.
We found no public AI investments by Scavo as an angel. His AI work is as an operator. He built Streetbeat, which is described as a financial AI company, and earlier ran Axwave, a data analytics company. Yespress reports that Streetbeat raised a $15M Series A, mostly from European investors.
He has not published a stage, sector, geography or check size for angel investing. His professional experience is in algorithmic trading, financial data, AI for finance and media measurement data. Founders in those areas may find the closest overlap with his background. No source says he is looking to invest in them.
- Axwave: data analytics company he co-founded and ran as CEO. It used audio fingerprinting to measure TV and media exposure. Crunchbase lists him as an investor in its seed rounds. Samba TV acquired it in 2019.
Investing activity
Damian Scavo has made 2 investments according to Crunchbase across 1 portfolio company, and has seen 1 exit and founded 4 companies.
Deals
Frequently asked questions about Damian Scavo
Is Damian Scavo an active angel investor?
Public records show little angel activity. Crunchbase lists two investments, both in Axwave, the company he co-founded. We found no public record of investments in other founders' companies.
What does Damian Scavo do now?
He is CEO and CIO of Streetbeat in Palo Alto. Streetbeat is an AI investment platform with products for wealth managers, banks, brokerages and retail investors.
What is Damian Scavo's check size?
No check size is public. We have not found any statement from him on how much he invests.
What companies has Damian Scavo founded or run?
He co-founded the trading desk Goldmind in 2006 and Progetto Savana Bank in 2008. He also co-founded Axwave in 2012 and sold it to Samba TV in 2019. He now leads Streetbeat.
Should AI founders pitch Damian Scavo?
His experience fits fintech, financial data and AI for finance. He has no public thesis or record of backing outside founders, so a short, relevant intro is more sensible than a cold deck.
Is Damian Scavo an angel investor?
Yes. Damian Scavo invests personally as an angel and is CEO at Streetbeat. Crunchbase counts 2 investments and 1 exit.
Where is Damian Scavo based?
Damian Scavo is based in Palo Alto, California, United States.
How can founders reach Damian Scavo?
Founders on Lounge can see Damian Scavo's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with them under Warm Paths, and add Damian Scavo to their Investor Pipeline to track the conversation.