Allied Venture Partners

Hello Partners,

As a current or prospective partner, this newsletter provides exclusive insights into our investment strategy, portfolio companies, and industry trends.

Thank you again for your continued trust and support,

Matt Wilson, MBA

Founder & Managing Director | Allied Venture Partners

Not an LP? Click here to join the Allied Venture Partners syndicate.

Team Updates

• Our core team includes Steve, Melinda, Brendan, and Colton.

• The Allied Scout and Advisory programs continue to expand with several new members each week, providing quality diversified deal flow from across Canada and the United States. Thank you to all those who have participated.

New Deals

• We have an exciting opportunity available in the enterprise software and healthtech space. All active investors should have received the invite via your AngelList LP dashboard. If you have any questions, please reach out.

• We are working on another opportunity which I hope to announce in the coming weeks. Please keep an eye on your inbox for more details.

Portfolio News

• League of Play is nearing the completion of its Seed round and has made several notable hires from NBC Sports, CNN, and CBS. Stay tuned for an announcement in the coming weeks.

• GroWrk welcomed Guillermo Diaz to its advisory team. Guillermo is the former Chief Information Officer (CIO) of Cisco.

• Ediphi has successfully launched version 2.0 of its platform and was recently invited to present their technology at Meta HQ.

• Bavovna AI announced $1.7 million in Seed funding. Thank you to all those who participated in our syndicate.

• Share announced several key hires, including Erwin Szeto as Head of Business Development. Erwin hosts The Truth About Real Estate Investing podcast and has completed over $500 million in real estate transactions.

• Special thanks to Berk for inviting me on the Builders & Funders Show. Our episode drops on November 24.

Industry Insights

As we navigate a complex economic landscape marked by significant political and market developments, it’s essential to focus on the unique and timely opportunities emerging within our corner of the venture capital market.

Looking ahead to 2025, we anticipate a wave of tech IPOs, including high-profile names like Databricks, Klarna, Stripe, and (possibly) SpaceX. These upcoming IPOs are expected to bring much-needed liquidity to a venture capital sector that has struggled since its peak in 2021. This influx of capital would create highly favorable conditions for growth and investment across our portfolio.

Meanwhile, I am continually impressed by the ever-increasing quality of our deal flow as skilled teams intersect with the AI paradigm shift, supported by VC money with a long-term outlook.

For instance, the most encouraging trend I’m seeing across our portfolio is the enhancements in unit economics and team efficiency driven by AI. In one notable example, we had a company achieve an 8-to-1 efficiency improvement in its customer service department, enabling fewer workforce requirements and reduced headcount.

I previously discussed my barbell thesis for generative AI, whereby the end consumer will capture most of the value created. Watching this play out in real-time across our portfolio companies is exciting.

Another trend I’m seeing across our portfolio (albeit more concerning) is the impact of immigration policy on skilled talent availability.

While I remain hopeful that the incoming US administration will ease immigration requirements for skilled workers, many companies are proactively exploring alternative strategies, such as utilizing lower-cost overseas talent.

Even Canada, which has historically been a reliable entry point for individuals seeking to live and work in the US, recently announced a 21% reduction in immigration through 2027. Moving forward, it will be crucial for founders to monitor these policy developments closely and adapt accordingly.

Despite these macro circumstances, our strength as early-stage investors lies in our ability to remain focused and disciplined within our investment strike zone.

I can assure you that the desire among highly talented and motivated individuals to innovate and develop new technologies remains unwavering, presenting us with a significant opportunity that aligns perfectly with our long-term outlook and investment mandate.

I firmly maintain that we are in one of the most attractive periods for early-stage technology investing of the past 15 years. In 2030, we will look back and reflect on the generational companies that emerged in the wake of the 2021 bubble.

We’ve seen this movie before, and I am eager to continue presenting you with highly attractive early-stage technology investments through a thoughtful and disciplined approach.

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