The Deal Room

The Partner Track Newsletter

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Partner Track
June 11, 2024

Welcome to The Deal Room 📰

Introducing our new newsletter for Partner Track, The Deal Room! In each weekly edition, our community will gain access to Partner Track updates, the best deals we've seen that week, top VC articles curated by your admins Jon & Savannah , industry events, and more. Read some of our latest announcements below 👇

Announcing that Gener8tor, Techstars, and Kerosene have joined the Partner Track Community Partner Program 👏

This exciting expansion of our network brings even more quality and quantity of deals, thanks to our new partnerships with some of the best VCs and VC affiliates in the industry. We look forward to the amazing opportunities and collaborations ahead.

Updates for this Week: 06.12.24 🗓️

  • We hit 200 Members 🎉

  • We are excited to announce three new partnerships, with more on the horizon!

  • We're also planning some meetups and events. If your firm is interested in co-sponsoring, please let us know.

  • Our newsletter is now live! Invite your VC friends to subscribe and stay updated.

Here’s the best deals we have seen this week, 🫢 reply to this email for an intro.

RealKey - RealKey is an Automated Loan Processing (ALP) platform automating document collection & review to reduce conditions, touches, and time-to-close with underwriting. The system also eliminates inefficiencies in communication and collaboration among parties.

  • 4,006 + Active Paying Users (with less than 3% churn in the last 12 months)

  • $4.6mm + ARR (118%+ Growth TTM & 45% YoY Revenue Growth)

  • Raising $10mm Series A round ($2m already committed)

Supliful - Platform that helps creators launch CPG products
Raising a 10m Series-A

  • 4.7m in revenueKey metrics 2022 vs 2023:

  • GMV: $1.42m vs $7.27m (5.4x increase)

  • Net Revenue: $837k vs $4.72m (5.6x increase)

  • Shopify Stores: 1’875 vs 14’503 (7.7x increase)

  • Items Sold: 40k vs 225k (5.6x increase)

  • YoY revenue growth rate: +464%

  • Funding raised to date: $1.9m (SAFE) + $1.2m (Debt)

  • https://docsend.com/view/8gvsxra6xqqeuwqi

***Deal Brought to us by The ORCA Network

Authentrics.ai - Wrote and patented an algorithm that understands and tracks the source, use, and attribution of data within an AI engine. They are rolling out software for clients to visualize and work with the data moving through their internal AI models.

  • Raising 250k to close the current 750k traunch of capital.

  • Opening up a $3m round in Q4

  • Bonus - Founder has 5 previous exits as either a founder or CEO

Job Opportunities to check out 👇

That's all for this week 😄 Stay tuned for our weekly updates from Partner Track, where we'll continue to bring you the latest insights, opportunities, and events from our vibrant VC community. Thank you for being a part of our network, and we look forward to sharing more exciting news with you soon :)

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