Welcome back to The Deal Room 📰

Every week, we bring you a host of exciting updates, including the latest VC job openings, this week’s top deals, upcoming events, and intriguing articles for your reading pleasure. Check out the insights from our team below👇

Join us in NYC for an Amazing Climate Week Event!

Location: Antler Office NYC! Join us for an in-person gathering with your Partner Track friends at a fantastic fund's office. Enjoy great music and complimentary drinks as we come together for a memorable evening.

As always, thank you for being a part of Partner Track. Enjoy the deal room.

Updates for this Week: 09.04.24 🗓️

We’re on track to reach 500 members soon, and are planning lots of great events! Please invite your favorite VC friends and connections to join our growing community. We're continuously working to bring you the best deals in your sectors. If you have any questions or want to discuss our efforts to expand the Partner Track community, feel free to reach out to Savannah at [email protected] or Jonathan at [email protected]. We’d love to connect and share more! If your firm is interested in co-sponsoring amazing events with us, please let us know by applying here.

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

• Based in Claymont, DE

• ARR: $450k (on track to breakeven by Q1 2025)

• Annual Growth: 3.5x

• TAM: $58B

• Raise Amount: $4M

• Team: Elizabeth is a 4x founder with extensive real estate experience and 2x public exits.

• Key Product: Network Detection and Response (NDR), Extended Detection and Response (XDR) 

• The company leverages artificial intelligence (AI) and deep learning to provide real-time threat detection and response across on-premises, cloud, and hybrid environments.

• Raising a 3m Bridge (Series A+) at a 25m Cap

• Based in Switzerland

• Both Co-founders have previously founded companies that were acquired (by SAP and Swisscom).

• They’ve tripled revenue twice since inception, with $5M ARR projected by the end of 2024.

• Raising a $29m Series-A

Startups that applied directly via Founder Track →

• Amount: Raising $1.5 million in growth capital.

• Purpose: To accelerate client acquisition, expand platform capabilities, and enhance service delivery. Key investments include scaling sales and marketing, advancing our technology stack, and building our customer success team.

• Viveka operates in a $500 billion global market for employee development. Our unique combination of innovative technology, scalability, and a holistic approach to human development positions us as a frontrunner to capture significant market share.

• Proven ROI: Companies using Viveka's platform have achieved a 40% increase in productivity, a 25% improvement in employee retention, and are 50% more likely to outperform competitors. This success translates into a projected 3x return on investment for investors within 18 months.

• Industrial automation & AI

• $350k-650K Raise to develop AI component

  ClusterVise_pitchdeck.pdf4.34 MB • PDF File Download

Events you need to attend soon 👀

• RSVP for Partner Track’s event in New York on September 26th.

• For our Partner Track friends in CA. - Join us at Arc HQ for a fireside chat with Rak Garg, Partner at Bain Capital Ventures. Rak made partner in the fastest time in the firm’s history (less than three years). This event is an excellent opportunity for VC juniors to hear his journey & best practices as well as network with fellow peers. - If you’d like to join, email [email protected]

• Raise Global Summit - 300+ LPs gather to meet the next generation of venture capital firms - Oct 24, 2024 | San Francisco, CA | In-Person.

• 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 - October 8-10, 2024 | Columbia, Missouri

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

Job Opportunities to check out 👇

VC Analyst @ Griffin Gaming Partners

Investment Associate @ Techstars in SF

Senior VC Associate @ Alpha Square Group in New York City, NY

VC Principal @ Haymaker Ventures in New York City, NY

VC Manager @ Funden in New York City, NY

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