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- The Deal Room | 9/26/24
The Deal Room | 9/26/24
Deal Call in two weeks, New Research, and Great Deals
Partner Track & Jonathan Henry
September 26, 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.👇
Updates for this Week: 09.26.24 🗓️
Mark your calendar for the October Deal Call! If you have not participated in a deal call with Partner Track before, here is what you will 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 next steps.
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].
As always, thank you for being a part of Partner Track. Enjoy the Deal Room!
Here are a few of the best deals we have seen this week! Reply to this email for an intro.
 | Humanitru - (Seed / NYC + DC / Vertical SaaS/Embedded FinTech) |
Raising a $2.5M seed
Hit $1mm in ARR in Q3 2024
145+ customers
With this round of funding, they are projecting $3mm ARR in 18 months
 | Temba - provides financial support to Africa’s small and medium enterprises (SMEs). They aggregate consumer demand via digital wallets, perform SKU tracking, and aid in establishing credit history for the SMEs. They are now tapping into the $1T microloans opportunity in Africa, in partnerships with Banks. Temba also includes a grocery delivery platform, QuickCart Africa which further mitigates the lending risk to SMEs |
$400k+ ARR
Raising a $1.5mm (900k committed so far)
Hoping to achieve $5mm in gross profit by 2026
Current investors include: Microsoft Startups, Harvard Angels, and Plug&Play
 | BuildQ - is developing the world's most sophisticated project intelligence platform for sustainable infrastructure project finance. The company generates revenue at the center of the market as a financing arranger facilitating transactions between project developers and financiers using advanced AI-powered systems. |
Pre-revenue, but compelling for these reasons:
Solid Early Growth: In less than two months, the team built a product that reduces project financing timelines from weeks to minutes. The current pipeline includes two potential pilots with developers each financing multiple $150-$250M projects.
Massive Potential for Scale: BuildQ is disrupting the arranger market in the complex and outdated $300B sustainable infrastructure space. Incumbents charge success-based fees averaging $1-$2M per transaction giving BuildQ a clear path to $100M+ of annual revenues within a few years.
 | Fleek - makes it easier for people to discover, manage, and close subscriptions. Fleek aims to become the biggest player in the subscription management space, and is currently the only platform targeting India’s 50B subscription market. They are A/B testing steps into the US and MENA regions, and are forming B2B partnerships with banks & FinTech Platforms to increase distribution. |
 | Inncivio - is an AI-powered learning infrastructure for businesses, with a goal of increasing employee engagement and retention. It provides a new way of learning with unique, bite-sized curriculums created using AI, on the go, leveraging the company’s own knowledge base. Inncivio is founded by serial entrepreneurs and just made it in Antler’s NYC Fall Cohort. |
MVP Launched in May 2024 (20% MoM User growth since then)
Raising a $1mm Pre-Seed ($200k committed)
|
 Corporates are less interested in Venture… |  Anthropic looks to Raise at a $40B Valuation… |
 Wiz is selling a block of shares at a $20B valuation… |  The FundCFO Newsletter… |
Events you need to attend soon 👀
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 👇
 | 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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