Welcome back to The Deal Room 📰

Every week, we bring you a host of exciting updates, including this week’s top deals, upcoming events, the latest VC job openings, and intriguing articles from the Partner Track network.👇

Updates for this Week: 09.12.24 🗓️

We’re excited to say that we’ve just hit 400 members, in the Partner Track community! (shoutout Ryan with ICONIQ)

Thank you again to all of our friends who joined our Investor Dinner in Nashville, TN. We aim to make this dinner series a recurring opportunity for the Partner Track network. If you are interested in setting up a dinner in your home city or co-hosting with us, please don’t hesitate to reach out.

Partner Track is Partnering with Revere and a handful of other great brands (see post) to provide some unique data/insights on venture portfolios to our network. If you’d like to take part in this process, please consider filling out the Revere 2024 Benchmarking Survey (all responses will be anonymized). Also, if you’d like an example of what this partnership will look like, here is a copy of the 2023 Report.

If you have any friends or mentors in the VC community that you think would be a good fit, please consider inviting them to apply. 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].

As always, thank you for being a part of Partner Track. Enjoy the Deal Room! 

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.

Also, thank you again to @Jake Westreich, @Megan Baniecke, & our friends at Gener8tor for partnering with Partner Track for their manufacturing conference in Indianapolis. It was a great event. We can’t wait to do it again soon.

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

• Raising a $20mm Series-A

• Commission + Fee-based Model with annual contracts, high retention, and an average $20k annual revenue per customer.

• $2.5mm in revenue in the last 6 months

• Completed JPM TechStars NYC in June 2024,

• OpenLaw has achieved 20% MoM revenue growth; converting 9.5x higher than the 2% industry average in direct mail marketing; and optimized their lead-capture page to 47% (from 20%).

• $1.1mm revenue in Year 1 and expecting to reach $2mm by EOY.

• Raising a $2.2mm Seed round ($1mm remaining)

• Based in Argentina

• 5K revenue (with 20K MRR in the pipeline), 9000 person waitlist, 60+ signed LOIs (~12,000 users), and 45 beta customers in the market

• Raising $1.25M ($350k already committed).

  • Antler invested 250K already, and has committed to match the current round with another 500K as follow on.

• €1.2mm Revenue

• Raising a €5mm

  FyorinPitchDeckGVI.pdf952.21 KB • PDF File Download

• 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.

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 - October 24, 2024 | San Francisco, CA | In-Person.

• Venture Atlanta - October 8-9th, 2024 | 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 Fellowship @ Palm Venture Studios in Austin, TX 

VC Associate @ Scout Ventures in Austin, TX

VC Associate @ LiveOak Ventures in Austin, TX

VC Manager @ Funden in New York City, NY

Venture Capital Analyst - Micro Ventures

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