The below update was shared with the EVP community on March 4 2022. To get these updates in your inbox, please subscribe here.
Welcome to the latest update from EVP_
Since our last update, we’ve welcomed five new companies to the portfolio, completed follow-on transactions in Practice Ignition (now known as Ignition) and Hnry and celebrated SiteMinder’s IPO.
We welcomed Allen Zhu to the Investment Team last month, and are currently hiring a Portfolio & Community Associate to support the delivery of portfolio initiatives. Our Head of Talent Fred Callaghan also recently shared some insights into his role and what makes a good recruiter.
As we continue to invest out of Fund III, we're actively looking for exceptional early-stage B2B SaaS and marketplace companies. If you'd like to chat about funding for your startup, please get in touch.
We hope you have an excellent March quarter.
- Team EVP
SiteMinder’s IPO_
On November 8th, Founders Mike Ford and Mike Rogers, and CEO Sankar Narayan stood together at the ASX and rang the bell to celebrate the company’s IPO. The milestone moment – 16 years in the making, saw the company raise $627m to list with a $1.36b market capitalisation. Congratulations to the entire SiteMinder team!
New to the EVP Portfolio_
Particular Audience – $10m {
1,199 days following our first meeting with Founder James Taylor, EVP was proud to lead Particular Audience’s $10m Series A round. PA is a no-code AI personalisation platform that enables global e-commerce retailers to offer personalised shopping experiences. Read Dan’s Investment Notes here. }
Explorate – $7.5m {
Explorate is modernising the Freight Forwarding industry and streamlining workflow for supply chain professionals. With instant quotes, live pricing on bookings, and real-time tracking, the Explorate platform is the source of truth for logistics. We’re proud to be backing founders Conor and Alex as they grow the Explorate team and global reach. Read Justin’s Investment Notes here. }
Zipline – $6m {
We first met founder Michael Momsen in 2018 when he was focused on building RateIt. We loved the team, and were entirely convinced by Michael’s capability. After a number of company and product evolutions, we’re proud to have led Zipline’s $6m Series A round with our largest first-round commitment yet. Read Justin’s Investment Notes here. }
ClearCalcs – $1.5m {
A low-code platform built to revolutionise the world of structural engineering, the ClearCalcs platform performs multiple simultaneous calculations across an engineering design that are easily auditable, available anywhere and simple to report. We met Founders Chris and Steve a couple of years ago, and have avidly followed their growth. We’re proud to have led ClearCalcs recent funding round. Read Mark’s Investment Notes here. }
Tripling Down_
Practice Ignition – $68m {
Back in 2017 we were proud to back Founders Guy and Dane as the lead investors of their Series A round. Over the past five years, we’ve observed tremendous growth in a company that remains deeply customer-centric. In November 2021, Practice Ignition (now Ignition) raised a USD50m Series C round, welcoming US growth fund JMI Equity as a significant new shareholder. Read Howard’s Investment Notes here. }
Hnry – $15m {
From cake-level customer engagement in 2019 to 10x-ing their customer and revenue traction in 2021, we’re proud to have tripled down on our investment in Hnry in their recent NZD16m raise. With 20-25% growth MoM and a post-money valuation cracking the $100m mark, Founders James and Claire are gearing up to bring on 40 more people to supercharge the impressive growth. }
Portfolio News_
- Chris and the Rezdy team welcomed David Colden as CTO.
- Alex and the Pendula team welcomed Greg Cullen as Chief Revenue Officer and Yann Burden as Chief Growth Officer.
- CarClarity welcomed Elias Istanbouli as Chief Analytics & Risk Officer and Richard Dicello as GM of Dealerships. Zaheer and the team also welcomed Damon Pezaro (previously CPO at Domain and Prospa) to the CarClarity board.
- Silvia and the Coviu team launched new product features including waiting room notifications and advanced reporting.
- Pan and the EatClub team launched Goals – a product to help venues generate more revenue by using AI to create a custom pricing schedule.
- Traviss, Claudio and the Programa team are running a webinar for Interior Designers and Architects next month to showcase new features and integrations in the platform.
- Markus and the Fusion Sport team officially launched the Human Performance Maturity Model – a tool to help you assess the capability of your human performance program.
Looking for a new opportunity?_
Join one of our fast-growing, B2B software companies.
Apply here or reach out to Fred to chat about opportunities.
Upcoming Events_
The below update was shared with the EVP community on March 4 2022. To get these updates in your inbox, please subscribe here.
Welcome to the latest update from EVP_
Since our last update, we’ve welcomed five new companies to the portfolio, completed follow-on transactions in Practice Ignition (now known as Ignition) and Hnry and celebrated SiteMinder’s IPO.
We welcomed Allen Zhu to the Investment Team last month, and are currently hiring a Portfolio & Community Associate to support the delivery of portfolio initiatives. Our Head of Talent Fred Callaghan also recently shared some insights into his role and what makes a good recruiter.
As we continue to invest out of Fund III, we're actively looking for exceptional early-stage B2B SaaS and marketplace companies. If you'd like to chat about funding for your startup, please get in touch.
We hope you have an excellent March quarter.
- Team EVP
SiteMinder’s IPO_
On November 8th, Founders Mike Ford and Mike Rogers, and CEO Sankar Narayan stood together at the ASX and rang the bell to celebrate the company’s IPO. The milestone moment – 16 years in the making, saw the company raise $627m to list with a $1.36b market capitalisation. Congratulations to the entire SiteMinder team!
New to the EVP Portfolio_
Particular Audience – $10m {
1,199 days following our first meeting with Founder James Taylor, EVP was proud to lead Particular Audience’s $10m Series A round. PA is a no-code AI personalisation platform that enables global e-commerce retailers to offer personalised shopping experiences. Read Dan’s Investment Notes here. }
Explorate – $7.5m {
Explorate is modernising the Freight Forwarding industry and streamlining workflow for supply chain professionals. With instant quotes, live pricing on bookings, and real-time tracking, the Explorate platform is the source of truth for logistics. We’re proud to be backing founders Conor and Alex as they grow the Explorate team and global reach. Read Justin’s Investment Notes here. }
Zipline – $6m {
We first met founder Michael Momsen in 2018 when he was focused on building RateIt. We loved the team, and were entirely convinced by Michael’s capability. After a number of company and product evolutions, we’re proud to have led Zipline’s $6m Series A round with our largest first-round commitment yet. Read Justin’s Investment Notes here. }
ClearCalcs – $1.5m {
A low-code platform built to revolutionise the world of structural engineering, the ClearCalcs platform performs multiple simultaneous calculations across an engineering design that are easily auditable, available anywhere and simple to report. We met Founders Chris and Steve a couple of years ago, and have avidly followed their growth. We’re proud to have led ClearCalcs recent funding round. Read Mark’s Investment Notes here. }
Tripling Down_
Practice Ignition – $68m {
Back in 2017 we were proud to back Founders Guy and Dane as the lead investors of their Series A round. Over the past five years, we’ve observed tremendous growth in a company that remains deeply customer-centric. In November 2021, Practice Ignition (now Ignition) raised a USD50m Series C round, welcoming US growth fund JMI Equity as a significant new shareholder. Read Howard’s Investment Notes here. }
Hnry – $15m {
From cake-level customer engagement in 2019 to 10x-ing their customer and revenue traction in 2021, we’re proud to have tripled down on our investment in Hnry in their recent NZD16m raise. With 20-25% growth MoM and a post-money valuation cracking the $100m mark, Founders James and Claire are gearing up to bring on 40 more people to supercharge the impressive growth. }
Portfolio News_
- Chris and the Rezdy team welcomed David Colden as CTO.
- Alex and the Pendula team welcomed Greg Cullen as Chief Revenue Officer and Yann Burden as Chief Growth Officer.
- CarClarity welcomed Elias Istanbouli as Chief Analytics & Risk Officer and Richard Dicello as GM of Dealerships. Zaheer and the team also welcomed Damon Pezaro (previously CPO at Domain and Prospa) to the CarClarity board.
- Silvia and the Coviu team launched new product features including waiting room notifications and advanced reporting.
- Pan and the EatClub team launched Goals – a product to help venues generate more revenue by using AI to create a custom pricing schedule.
- Traviss, Claudio and the Programa team are running a webinar for Interior Designers and Architects next month to showcase new features and integrations in the platform.
- Markus and the Fusion Sport team officially launched the Human Performance Maturity Model – a tool to help you assess the capability of your human performance program.
Looking for a new opportunity?_
Join one of our fast-growing, B2B software companies.
Apply here or reach out to Fred to chat about opportunities.
Upcoming Events_