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

Team Updates

• Adding one Venture Partner to help with dealflow and portfolio support.

• Adding 2-3 advisors in strategic geographies across North America to help with sourcing and portfolio support.

New Deals

• Rook has closed their oversubscribed Pre-Seed round

• GroWrk is preparing to raise their follow-on Seed+

• KEIPhone is 75% filled on their Seed round

Portfolio News

• Roqad raised another $2.9M in debt funding

• Vint launched a new wine futures product for winemakers

• Tiliter has begun rolling out its API to major retail stores across APAC

Industry Insights

Early-stage valuations continue to decline as uncertainty regarding interest rates remains high, coupled with ongoing confidence issues across the US regional banking sector. I anticipate continued market volatility throughout May as we near the federal debt ceiling deadline.

In response to declining valuations, I anticipate an increasing shift toward smaller early-stage fund sizes. The fund math on $100M+ early-stage funds no longer makes sense at current valuations. As I’ve stated from the beginning, fund size is our winning strategy.

Read more about my thoughts here on LinkedIn.

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