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
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
(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) 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