Premoney 52: B3 Demo Day

Welcome to week 52! A slightly different issue this week, but still focused on bringing you all interesting opportunities to work with and invest in early stage startups!

A friend of Premoney:

Backed by Blue (AKA B3) is “an angel investing syndicate and entrepreneurial community led by Facebook alumni and employees to launch, support, and invest in top startups.” B3 is one of a few ex-Facebook funds that I’ve been connecting founders featured on Premoney to, to raise allocations from others in the tech space. This week, they are hosting a demo day to specifically highlight 5 high value that they are opening up to the rest of the Premoney community.

B3 Demo Day

On Thursday, 4/28 at 11AM PT, B3 will be hosting a demo day highlighting five breakout companies run by ex-FB founders that are currently raising competitive rounds. Through the event, you'll have the opportunity to invest alongside top-tier co-investors that include:

- Gradient Ventures (fka Google Ventures)

- Tribe Capital

- Flybridge

- Slow Ventures

The Panelists

The investor Q&A will be led by two incredible guest investors/panelists:

- Mike Vernal (Partner at Sequoia + FB alum)

- Ime Archibong (Head of New Product Experimentation at Facebook + leads NPEs early stage investment fund).

Definitely one not to miss!

The Companies:

Company: OlaClick (YC W21)

Founders: Karol Riboud | José RICO

Raise Details: Raising $3M Pre-A led by Gradient Ventures (fka Google Ventures) with participation from MSA Capital (Klarna, Uber, Palantir) and Tribe Capital (Carta, Bolt, Republic).

Vertical: Fintech, SaaS

Business Model: B2B2C

1-Liner: OlaClick makes it easy for restaurants in LATAM to sell food directly to their customers.

Description: Today, 80% of food orders in LATAM are still made over the phone and paid cash. With OlaClick, restaurants create their digital menu, promote it in one click, and start receiving food orders. 

Traction: 

• Launched one year ago, OlaClick now supports +35,000 active restaurants (60% in Brazil and Mexico).

• +$75M in annualized GMV.

• The founding team has diverse backgrounds within large companies in LATAM (Google, Facebook, Redbus) and one prior exit.

There is only $100k allocation left in the round and it will be exclusively available via the B3 Demo Day.

Company: Marco

Founders: Suman Siva | Nick Freeman

Raise Details: $2M Seed+ at $45M post-money with 20% discount.

Coinvestors for this round:

• Slow Ventures (Nextdoor, Robinhood, Airtable)

• Flybridge (CodeCademy, MongoDB, Firebase)

• Fifth Wall (ClassPass, Carbon Health, Clutter),

• Metaversal (Wilder World, Koji)

• Red Light Management (largest independent artist management company including the management of The Dave Matthews Band, 3 Doors Down, and The Strokes).

Vertical: B2B SaaS

Business Model: B2B2C

1-Liner: Marco is a platform that enables companies with a distributed workforce to keep their employees highly engaged and connected to their coworkers (and company) via virtual events, in-person events, and team retreats.

Description: You can think of Marco as: Masterclass meets Airbnb Experiences for companies. Marco has served 500+ companies (50k+ attended individuals) including household names like Apple, Facebook, Netflix, Uber, Coinbase, Figma, Gusto, and Slack.

Traction: 

• Annualized GMV of $5.7M (7x growth YoY).

• Net revenue run rate of $1.3M (4x growth YoY).

• 5x market place inventory in the last 6 months.

• Signed 12 customers in less than two months for its new enterprise offering (~$5M spend over the next year).

That’s all for this week! Hope everyone enjoyed!!

— Jake