Welcome back to The Deal Room 📰

Welcome back! Each week we have plenty of exciting announcements, the latest VC job postings, deals of the week, upcoming events, interesting articles, and more. Read below the latest updates from the PT team👇

Meetups, Dinners, and Happy Hours Coming Soon 👏

Our team is beginning to host small meetup events worldwide to get people off Slack, and back to interacting with the investors in their local startup ecosystems. We are launching a Partner Track Ambassador Program to empower community members to kickstart their own series of VC Dinners/Coffee Chats. If you are interested in being an ambassador for your local city, contact - [email protected].

Please mark your calendar, we will be hosting Monthly Virtual Deal Calls beginning August, 5th. (Early Stage Deal Call / Growth Stage Deal Call!) As always, thank you for being a part of Partner Track! Enjoy the Deal Room.

Updates for this Week: 07.18.24 🗓️

• Member Update: Partner Track is at 300 members 🤌

• 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.

• We are posting our newsletter on Linkedin, and we have regular posts there as well, feel free to follow us there to stay up to date on all things 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.

• SQUAKE helps companies achieve their CO2 targets. After the integration with Airbnb and comms around it, it was the most interacted climate tech company globally on LinkedIn last week.

• Customers range from CWT, and Airbnb to Lufthansa and more. They have built up an infrastructure covering end-to-end travel companies’ problems + their focus on sustainable fuels and removal technologies. The CEO and other cofounder are in NYC on the 25-26th.

• Revenue: Q3-Q4 surpassing €1M of int. revenue

• Round: Series A

• Round Size: €5-10M

• ChipFlow estimates there are over 100,000 hardware OEMs that could realize significant benefits of custom chip design, but until now these companies have lacked access to a platform like ChipFlow, which is democratizing access to custom silicon design through its subscription-based platform-as-a-service (PaaS) model.

• Raised a £1.3m PreSeed last year and now have significant traction with Jaguar LandRover (full update here).

• Raising £3m with £1m committed by existing investors Fontinalis and In motion (JLR’s venture arm).

• ARR: $2.1M by EOY

• Annual Growth: 1.5x

• TAM: $49B

• Raise Amount: $5M

• Team: The founding team has deep technical expertise in identity governance. 90% of sales come from inbound leads with little to no CAC. The business is profitable, bootstrapped, and looking to scale.

• Their antibody mimetic proteins, AMP for short, are 40 times smaller than a monoclonal antibody, can cross through body tissues, are heat resistant, and are produced cell-free. These advantages allow us to create antibody drugs in unconventional applications like inhaled aerosol, eye drops, or transdermal delivery.

• Raising a $2mm Seed Round

• Pitch Deck

Events you need to attend soon 👀

• Investor event in Minneapolis July 30th, hosted by Eric Heinz. Message Eric if you’d like an invite.

• Venture Café - Cambridge, Thursday Gathering from 4:30 pm until 8 pm: Each week they connect creators, entrepreneurs, investors, academics, corporates, students, and visionaries to build strong, inclusive, equitable innovation ecosystems in cities throughout the world.

• 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 👇

Joyance Partners - Investment Partner Hire

Joyance Partners - Venture Partner Hire

Investor, Founder Collective

VC Investor at Geek Ventures

Investment Manager / Principal

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