Welcome back to The Deal Room 📰

Each week we have plenty of exciting announcements, the latest VC job postings, deals of the week, upcoming events, interesting articles to learn from, and more. Read below for this week’s insights from the PT team👇

Deal Calls Coming Soon 👏💸

This week we are happy to announce that the first global Deal Calls have been set and they are approaching fast. Mark your calendars—The Early Stage Deal Call will be held on August 5th and the Growth Stage Deal Call on August 7th.

We ask that these calls remain strictly confidential, so please do not share these invite links outside of our network. We will also adhere to the rule of “See-a-deal & Share-a-deal” as a way of creating an equal push and pull of deal flow throughout the network. Please do not attend if you are not willing to bring a deal to the table.

❍ Side note - During these Deal Calls we also hope to showcase at least one of the Emerging Funds in our community. If you are an emerging fund manager (funds 1-3) and you are interested in sharing a bit about your fund and your thesis, feel free to email: [email protected].

Updates for this Week: 07.11.24 🗓️

Partner Track’s VC community continues to grow! We have come a long way in 7 weeks, and we are just getting started. As always, thank you for being a part of Partner Track. Enjoy The Deal Room.

• We're planning great meetups/events soon! If your firm is interested in co-sponsoring amazing events in NYC, Austin, and Nashville, please let us know by applying here.

• Our weekly newsletter is now rolling. Invite your VC friends to subscribe and stay updated on everything PT.

• Stay tuned for more announcements on firms we are partnering with, merch drops, and more.

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

• Middle-market manufacturers who digitize their workflows, optimize processes, and collect shop floor data.

• $4m round (~$9.8m pre-money) with about $500k left to fill.

  Docket 2024 Pitch Deck2.07 MB • PDF File Download

• Revenue YTD: $3M, did $3M in 2023 on track to double that.

• 55+ Customers Including Suzuki, GM, Audi, Volvo.

• Raising $5M Equity Seed Round

• Round dynamics: Raising a $4m Seed+ round $27m pre-money valuation - priced round

• Founders: Steven Plappert [CEO] Logan Burchett [COO]

• Alumni of Techstars 2020

• 600+ customers on recurring subscriptions. $2.5M ARR, 2x YoY

• 4:1 LTV/CAC ratio - $13k LTV - $3k CAC - 6 month payback period

• GTM through partnerships incl. Techstars, Gust, Microsoft, HubSpot, Intuit, Carta, JPMorgan, and more…

Events you need to attend soon 👀

• Raise Global Summit - 300+ LPs gather to meet the next generation of venture capital firms.

• Main St. Summit - This track features startup-focused content, as well as invitations to exclusive meals, private happy hours, and activities. Find yourself shoulder to shoulder with industry experts and forge potential connections that could shape the future of your ventures.

  ***Shoutout to our Partner Track members from the host funds Maria Heyen & Ben Lopez

Job Opportunities to check out 👇

Investment Associate @ 11 Tribes

VC Associate @ Runa Capital in San Francisco, CA

VC Partner @ Intelligence Ventures in Remote

VC Internship @ Plug and Play Tech Center in London, England

VC Vice President @ Omega Funds in Boston, MA

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. Also, don’t forget to refer your VC friends to Partner Track! We are aiming to grow the community with the best investors internationally. Refer them here to potentially win some free swag: https://airtable.com/appeHXy6BOZkKta8b/pagVIBRr26AuHjZXv/form