Array Ventures: Exciting Reads, Industry Updates, & Jobs Opportunities
Hope you had a good Q1! Array Ventures and our companies had a great quarter. We added 4 new companies, 3 follow-on rounds, and 1 exit.
Array Ventures has put together a bootcamp where experts come share their playbooks on how they grew their companies 10x in revenue. Read on to learn more. Also, read till the end for some sales related book recommendations!
Exit and Notable Rounds:
- ManagedByQ has been acquired by WeWork. We are excited for the team! Array was an indirect investor in ManagedByQ because they had acquired Array’s portfolio company Hivy a while ago.
- Zendar raised a Series A from Khosla Ventures.
- Catch&Release raised a seed round from Cervin Ventures.
Welcome new investments to the Array Family:
- Productiv was stealth and launched at Octa 2019 conference. CIOs want to lower your spend and understand how your workforce is using the applications...take note of Productiv.
- Tank Utility is an IoT fuel tank remote monitoring and logistics optimization company
- Overview uses cameras to supervise robots and manufacturing equipment.
- Dyneti is a card scanner/identification company to prevent fraud and boost conversion.
State of the Industry:
Blockchain/Crypto are on the rise again last week. One of our companies, MerkleData analyzes liquidity patterns on their platform. Things are also picking up for Stronghold which is now top 10 trading platform on CoinMarketCap. As things are looking up again this article summarizes the potential promises of blockchain/crypto.
Proptech is a massive opportunity. Since 2009, institutional investment in real estate has doubled from $400 billion to $800 billion with billions more on it’s way because of the new funds forming. PassageAI writes about different ways tech is being leveraged. Few of our companies are on a tear riding the wave — CasaOne (launched 4 markets — SF, LA, DC, NY), Placer (superbowl foot traffic study) and Safegraph.
Automation is here to stay and even the government can’t resist it. Many of our companies are taking advantage of this shift. Here are some of them — Empinfo (top 5 solutions), Goodtime, Overview, Blendid (just launched the robotic kiosk in USF). This 2020 presidential candidate is even betting country’s future on it.
10x Growth Enterprise Bootcamp:
Our bootcamps on growth for B2B companies are one of the most impactful ways you will spend your day this quarter. You are back in school learning from successful founders, marketers, sales engineers. Upcoming bootcamp is “360 review of your company to grow to $10+m ARR” Very relevant as you close deals for the 2nd half of 2019. Apply here to attend the next one. These are invite-only intimate sessions and we generally have very limited number of spots available!
Jobs:
Go to Array Ventures investment and explore the career opportunities for companies you like.
Most of our companies are hiring someone in these roles: sales, customer success, business development, full stack engineer, AI/ML engineer, and marketer.
Fun Read:
- Trying to get better at negotiations and selling (Hint Hint: Close 6+ figure contracts)? Pick up copies of Never Split the Difference and Influence. I’ve had founders rave about how the books have changed their life.
- We can’t wrap this up without some good AI links: Answers to building better AI is in your children, and just like kids teach AI to be curious, theory of mind for neural networks, and last but not the least removing bias from AI.
If you are looking for B2B specific 1–10m ARR growth content then you are encouraged to follow me on Twitter and Medium to track our upcoming events.
If you find it valuable please forward to friends and subscribe by emailing hi@array.vc. Send me companies that could be future Array Ventures portfolio companies — we ❤ B2B deep technology companies.
