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- The Deal Room | 10/03/2024
The Deal Room | 10/03/2024
Deal Call Next Week 🔥 👀
Partner Track & Jonathan Henry
October 03, 2024
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.👇
Don’t forget to sign up for the October Deal Call 👀
Partner Track’s Monthly Deal call is next week! Here is everything you need to know:
Submit your deals to the Airtable
Add the event to your calendar.
If you are an emerging manager interested in this month’s spotlight; send in some information about your fund and we will reach out with the next steps.
As always, thank you for being a part of Partner Track! Welcome to the Deal Room :)
Updates for this Week: 10.03.24 🗓️
Partner Track has been interviewing Venture Partners and EIRs that will be helping grow & advise the network. Thank you to everyone who participated, applied, or sent in referrals. We will make an announcement before the end of the month about the final additions to the PT Advisory network. Piedmont Consulting Group
We have officially partnered with the University of California, Berkeley’s Piedmont Consulting Group, a student-led research organization that is looking for access to the startup/VC landscape. This partnership will officially kick off Partner Track’s student ambassador program, which will bring hundreds of great students from top universities to the PT community. These students will have their own Slack community, where we will provide students with educational content and a platform in which they can begin to grow their network in the startup/VC world. If your firm is looking for support on research, access to great interns, or your portcos are hiring, Partner Track’s Student Ambassador program will bring in hundreds of great students to you.
Please consider connecting us to your university’s VC/PE/Startup clubs.
Reminder - 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 participate in this process, please consider filling out Revere’s 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].
Side note - we are looking to bring on some part-time marketing/social media support. If you or someone you know would be interested in helping build the PT brand, please feel free to reach out.
As always, thank you for being a part of Partner Track. Enjoy the Deal Room!
Here are the best deals we have seen this week! Reply to this email for an intro.
 : | Prograd: (Series A / UK / Fintech, Marketplace, Education) addresses a key challenge faced by Gen Z: the desire to earn extra income while lacking financial literacy. The platform enables users to earn side income through various tasks, such as surveys, market research, and data labeling, among many others. Additionally, Prograd empowers users to improve their financial knowledge through bite-sized learning modules, rewarding them with Prograd points that have real monetary value upon completion. |
Since the company launched 18 months ago, the team has: over 350k users
$1.5mm in annualized revenue and +60% avg revenue growth quarter over quarter (as of August 2024)
Raising a $7mm Series-A
Investors from previous rounds include Deloitte and Accel Scout
 | Aazzur: a no-code embedded financial services platform for any business that wants to embed fintech functionality within the business. It delivers functionality such as Embedded Bank Accounts + international payments, Multi-jurisdiction accounts and Investment solutions on a templated, building-block basis. Reduces implementation for customers from 18 months to 4 and cost reduction from £1.5m to ~£250k. Extensive GTM play via channel partners - 35+ partners sending them leads (25+ current SQLs) to join existing customers such as Roland, Income, Vecta and My Finance Club. |
10 customers & £600k ARR which is 2x YoY.
Services (build embedded finance solution) + no-code self-build.
Currently raising £2m seed round at £10m pre with £400k left.
Plans for a Series A next year. Deck here.
 | Krowd: (Pre-Series A / UK / Fintech, Hospitality) helps banks keep their cards on top of wallets by sending their cardholders personalized restaurant offers. By promoting restaurant brands on American Express, Lloyd’s, Curve, Zilch, etc. customers save money at their favorite restaurants, and restaurants fill empty seats and increase profits. Krowd’s proprietary personalization engine powering its engagement platform has generated high demand from banks across the UK and the US. Krowd just went live in the US with PNC Bank and is launching with several more banks in 2024. Finally, Krowd is also integrating with payment gateways to enable instant discounting at the terminal. |
$500k MRR
Raising $5mm (already has a lead who will deploy $2.5mm)
Startups that applied to Founder Track →
 | Witching Hour: (Cleantech, Grid Sustainability, Energy) Both the world’s deadliest and costliest forest fires have been caused by power lines coming in contact with vegetation. Witching Hour has developed an insulative material that can be deployed onto pre-existing power lines to reduce the risk of forest rises by 60%. |
 Family Offices are increasingly setting up in new jurisdictions… |  OpenAI closes on 6.6B of new funding… |
 TuSimple founder, Xiaodi Hou, is back with a new autonomous truck startup… |  US hiring rose for the first time in six months… |
Events you need to attend soon 👀
Tech Week Events - [October 7th-13th | San Fransisco] & [October 14th-20th | Los Angeles]
TechCrunch Disrupt 2024 - October 28th-30th | San Fransisco
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 👇
 | A Big Thank You from Your FoundersThank you for the great deals you share and the support you give to the investors in the Partner Track Community. Till next week’s edition of The Deal Room 🥂 Co-Founders | Partner Track |
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
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