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Soma & ADQ Deal Worksheet

Add your notes for Soma Cap team in far right columns
Fast Moving Deals below: write notes in far right column. We must fill the full allocation we requested, before we can guarantee access, so need to gather amount offers asap - let us know as soon as possible, and we’ll keep you posted on if we get it guaranteed and closing timeline
Soma Portfolio Hot List: writes notes on companies you’re interested in, and ideally a few lines on how you can help them so we can facilitate warm intro’s
1. Fast Moving Deals
Company
Deal Details
Company Description
Min Check
Timing Notes
Decks
ADQ Notes Here
Target Allocation
QuickNode
Soma leaning into secondary opportunity ahead of future round. They have received several acquisition offers north of $500m valuation.
Secondary at ~$580m valuation cap
Targeting $10-15m
Infrastructure (AWS for blockchain) company serving a massive growing opportunity; estimated $60b market for blockchain infrastructure by 2025; growing at 70% CAGR
$11.2m in ARR ending Nov, up 20x YTD
Expecting $40m ARR by 2Q22; just booked 3 massive customers (confidential)
We have a shot to get some secondaries (~$12m) ahead of their Series B; the secondary is at ~$600m (driven by a few acquisition offers they've had + doubling topline since the Tiger round + a few massive customers closed)
$1,000,000.00
Commitments ASAP
$10,000,000.00
Jeeves
Soma has tracked Jeeves since day 1, and have been blown away by what they have built in such a short period of time
Targeting up to $40m in Series C round, led by Tencent (also did NuBank)
Massive TAM (+$5t) with strong secular tailwinds
Rocketship GTV growth which continues to accelerate: +$80m in Dec 2021 vs. forecasted ~$60m, and more-than-doubling since October 2021
$0 to $15m ARR in a year vs. $12m forecasted for EOY 2021
2022 targeting +135m ARR, going from 1,500 customers to close +15,000 customers on waitlist
Top 1 % founders we've seen (we invested / tracking from seed) - Stanford MBA, Product @ Paypal, ex-consultant
Tencent leading, existing investors like a16z doubling down, and new folks joining include GIC, SVB, Alkeon, Goldman, Larry Page office Clocktower Ventures confirmed
$1,000,000.00
Commitments ASAP
$40,000,000.00
Soma co-lead a tender process in Sept 2021
We were 3x oversubscribed
Given overwhelming LP interest, Soma is targeting another $15-20m block
Approximately $5.25b (Series F price)
Series F in July 2021
T. Rowe Price (led Doordash Series G as well)
Softbank (Series E), DST Global (Series D), Delivery Hero (Series C), Sequoia (Series B) and a16z (Series A)
Monashees, Floodgate, Redpoint, YC and Soma Capital
$750m 2021E, $1.4b 2022E
7.0x EV/2021 Revenue
We anticipate 18-24 months to IPO
$1,000,000.00
Commitments by EOM January
$15,000,000.00
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2. Soma Portfolio Hot List
Data Room Links
Description
Sector
Region
Round
ADQ Notes Here
(1b) people management platform for driving engagement and managing performance
(1b) digitizing contracting
(1b) automating retirement plans
(1b) smart docs for teams
(1b) automating payroll for remote teams
(1b) software for employee onboarding
(400m) automated hiring platform for hourly workers
(100m) software to power reseller, marketing, and referral partner programs
(Series B) Instawork is the fastest growing career marketplace for hospitality professionals
(Series A) automate employee onboarding
(Series A) helps US contract workers automatically find tax write-offs in bank statements by monitoring their purchases for tax-deductible expenses
(Series A) automating reference checking
(Series A) is creating the Bloomberg for esports
(Series A) fleet management software
(Series A) easy to use robotic process automation (RPA)
(Series A) conversational commerce platform that helps businesses build relationships with customers on the devices and networks they use most often
(Series A) instant insights on people in zoom
(Series A / LatAm) branded network of corner stores in LatAm by converting family-owned mom and pop shops to competitive corner stores
(Series A) get blog posts, social posts, email copy & more from world class writers - whenever you need it
(Series A / India) marketplace for finding work for blue collar workers in India
(Series A) reverse logistics - builds and manages B2B marketplaces for excess inventory and customer returns
benefits cards for startups
(3b / India) stripe for india
(4b) corporate credit cards with spend management
(1b / Africa) stripe for africa
(Series B / SEA) helps small and micro businesses manage their transactions
(Series B) platform renting cars to Latin Americans in the mobility and ride hailing market
(Series A) financial wellness planning
(Series A) modern clearing & custody. Built from the ground up
(Series A / SEA) stripe for Southeast Asia
(Series A / SEA) Robinhood for Southeast Asia
(Series A / LatAm) LatAm-focused corporate credit card and spend management
(Series A / LatAm) plaid for LatAm
(Series A / LatAm) digital ledger app for LatAm microbusinesses
(Series A / LatAm) credit card for small businesses in LatAm
(Series A / India) banking for teens
(Series A) credit card for influencers
(Series A) Destiny provides investors access to the private tech industry through a family of publicly listed, liquid ETFs
(Seed) banking for gamers
(Seed) enables anyone to offer banking through a banking-as-a-service API
(Seed) Tint provides modular no-code tools required to embed insurance into company’s products and services
(Seed) consumer fractional real-estate investing platform
(Seed / SEA) credit cards for small businesses in SEA and India
(Seed) cross border payments in LatAm
(Seed / LatAm) Swap creates digital accounts and provides connection to banks and card networks
(Seed / LatAm) Facio is a platform for salary acceleration and payroll loans for employees at SMEs in Brazil
(Seed / LatAm) Working capital-as-a-service to merchants in LatAm
(Seed / LatAm) digital auto lender with real-time approval designed for individuals to get a flexible and personalized leasing plan
(Seed / India) India's first neobank for Non Resident Indians
(400m) online software engineering education platform operating through income sharing agreements
(Series B) leadership development through integrated coaching
(Series A) micro schools for K-8 in local neighborhoods
(Series A) Lambda School for emerging markets
(Seed) text message learning platform. Create remote-friendly training in minutes
(Seed) Lambda School for marketing jobs
(Seed) Siro is a sales coaching platform that lets field sales managers coach every field rep, every day
(Series B) the data layer that powers your machine learning lifecycle
(Series B) building the elegant import button for your web app
(Series A) Beautiful, personalized, interactive developer hubs.
(Series A) version control for settings pages across any SaaS product
(Series A) New Relic for mobile
(Series A) helps companies get SOC 2 and ISO 27001 compliant fast
(Series A) automates complex enterprise processes with no code
(Series A) Universal secrets manager
(Series A) Privacy and security workflows
(Series A) makes Google Chrome faster & use 10x less memory
(Seed) customer onboarding, success and support platform for websites
(1b) low cost telecom satellites
(5b) fully autonomous freight delivery
(1b) green plan based hydrogen peroxide
(Series B) robots to automate dangerous powerplant inspections
(Series B) next-generation computing through new ferroelectric material
(Series B / LatAm) Solar city for LatAm
(Series B) yeast fermentation to create palm oil
(Series A) is building a Memristive Nanofiber Neural Network technology
(Series B) wireless charging
(Series A) city sewage inspections
(Series A) biosensors for timely detection of breast cancer
(Series A) 3D printing
(Series A) diagnostic tools for liquids in heavy industry
(Seed) manufactures all-electric, passenger-carrying, hybrid sea planes to service coastal routes
(Seed) platform that designs and operates satellites that capture imagery at a higher resolution
(Seed) pico-satellite company building small commercial, solar powered satellite platforms
(Seed) retrofitting cooling towers to capture CO2 and re-selling it for 2x cheaper
(Seed) Lightest electric aircraft motors in the world
(Seed) Gridware continuously monitors for possible changes that could affect the quality of the grid’s performance or ignite wildfires
(Seed) The fastest way to diagnose root cause network issues
(Seed) Living Carbon is a climate tech startup using genetically engineered trees to combat climate change
(Seed) stealth electric aircraft startup
(electric vertical take-off and landing) flight
(Seed) Driverless electric vehicles at a fraction of the cost of a car
(Seed) API and Gateway to connect and control 3rd party IOT devices
(1b) platform selling misshapen produce.
(Series A) vegan dairy products
(Series A) personalized supplements
(Series A) automated prediction engine for perishable goods designed to help grocery stores to optimize orders
(Series A) d2c wellness brand company providing a balanced mix of electrolytes, minerals, and vitamins
(Series A / LatAm) marketplace connecting consumers to producers in Latin America
(Seed) Rutter is a universal API for reading and writing data across different ecommerce platforms
(Series A) robotic kitchens
(Series A) personalized vitamins
(Seed) making coffee for caffeine sensitive people. We do this by producing the world's first caffeine replacement, paraxanthine
(Seed / SEA) Southeast Asia platform connecting farmers to restaurants
(Seed) d2c Asian inspired flavors beverage company
(5b / LatAm) everything store of LatAm
(Series C) on demand vehicle refueling
(Series B) smart mattresses to heat/cool for optimal sleep and metrics tracking
(Series B) building the future of fan engagement experiences for live sports
(Series A) bet on everything platform
(Series A) create and share your best gaming moments
(Series A) organic female products starting w/ tampons
(Series A) affordable, high quality shapewear.
(Series A) unlimited 24/7 access to licensed vets & a $3,000/year pet emergency fund
(Series A / LatAm) podcasting platform for LatAm
(Series A / LatAm) chewy of LatAm
(Series A) personalized skincare
(Series A) d2c laundry detergents
(Series B) d2c subscription for fragrances and skincare
(Seed) first global platform to consign and rent South Asian clothing online
(Seed) starting with the politics category, Civil is an app where anyone can livestream their own interactive talk show
(1b) digital pharmacy
(Series B) platform to help employees choose and use their different benefits
(Series A) API toolkit that verifies healthcare credentials
(Series A) Security compliance, data management, and analytics for healthcare
(Series A) Machine learning software to identify possible signs of alzheimers 15 years ahead of physical symptoms
(Series A) Machine learning for drug discovery
(Series A) Improves drug development and deployment by utilizing genomic data from patients to determine how they will respond to a drug before they get treated
(Series A) software automating FDA approval and compliance
(Seed) stem cells to regenerate any tissues, starting w/ hair treating hair loss
(Seed) founded by an MIT biotech scientist seeking to blur the boundary between the natural and synthetic computation
(Series A) smart sanitary pad for women to proactively track their health
(Series A) clinician job finding platform
(Series A / India) digital pharmacy for India
(Seed) machine learning for medical billing
(Seed) heart health remote care monitoring and management
(Seed) re-innovating the way blood pressure is monitored
(Seed) nurse staffing platform
(Seed) supercharged AI for microscopy images
(Seed) practice management software built for developmental, relationship-based practitioners
(Seed) helps clinics increase throughput by sending timely information to patients’ phones
(Seed) AI to predict disease earlier and more accurately than physicians can
(Seed) API that allows healthcare providers to provide and track healthcare sent professionals to the patient’s home
(Seed) “buy now, pay later” model to help patients pay for healthcare
(Seed) Loop Health is building India’s first health insurance with unlimited primary care
(Series A) creating the first tech-enabled network of commercial HVAC, plumbing, electrical businesses to capture a $13bn TAM
(Series A) Platform that lets landlords and tenants rent apartments instantly
(Series A) Platform that lets landlords and tenants rent apartments instantly
(Series A) combine premium design, materials, and construction for an all-in-one, renovation experience
(Series A) purchase equity in their home instead of paying rent or a down payment on a mortgage
(Series A) custom order beautiful new homes on-demand at an incredible value that are delivered to you in 6 months
(Series A) Tech enabled commercial real estate platform.
(Series A) 1build uses machine intelligence to convert building blueprints into material shopping lists and cost estimates
(Series A / LatAm) Opendoor of LatAm
(Series A / LatAm) all-in-one real estate marketplace that helps landlords find tenants, collect rent, and manage their properties in LatAm
(Seed / India) home furniture rental software
(Seed) re-imagining neighborhoods
(Seed) Easiest way to buy and sell furniture
(Seed) real estate management platform that leverages data to lower costs and provide a better experience to owners and tenants
(Series A) secured property management with cash flow certainty
(Seed) dashboard for commercial construction project managers to manage project financials and workflows
(Seed) next generation mortgage platform that transforms servicing, origination, and fundamentally how people manage their most important asset
(Seed) creates custom home improvement plans, finds quality contractors, and offers flexible payment options
(Seed) leading online platform aiming to provide optimal financing solutions to any investment property or commercial real estate
(Seed) Affirm for general contractors
(300m) last mile freight logistics platform
(Series B) cross border logistics
(Series B / LatAm) provides fastest shipping online in LatAm
(Series B) last mile delivery in LatAm
(Series B / LatAm) flexport of LatAm
(Series B) B2B procurement and logistics marketplace for Africa
(Series A) fleet management software
(Series A) end-to-end fulfillment solution for ecommerce companies
(Series A) convoy of LatAm
(Seed) Add a command bar to any web app
(Seed) No code solution that maximizes work efficiency by connecting web apps and creating automated workflows through a visual interface
(Seed) Collaborative SQL editor for a team that writes queries, visualizes data and shares results
(Series A) Taxes, onboarding and payments for remote teams in LatAm
(Series A) QuikNode makes it simple to power blockchain applications and scale them up. QuikNode provides elastic APIs & dedicated nodes, powerful tools & analytics through a simple control panel
(Seed) Explo is a data exploration and analysis tool that does not require SQL.
(Seed) Marketplace connecting consumers to producers in Latin America.
There are no rows in this table

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