News from Point Nine Capital – January 2021 December 2020
Hi <<First Name>>,

Last week looked a lot like the shit show that was 2020. Come on, 2021, you can do better!

January 20 (or December 51, if you prefer) looks like a good date to start over and give it another try (assuming someone can keep the nuke codes away from Trump’s greasy little fingers). We’ll contribute to 2021’s second chance by calling this the final 2020 edition of our newsletter, and we promise that this will be the last time we’re giving so much air time to the orange genius in the WH.

We were too lazy to participate in the VC scorecard contest on Twitter, but suffice to say that 2020 has been a strangely awesome year for tech, and
the P9 portfolio was no exception. Who would have thought that tech startups would do so well in a year as challenging as the last one? Well, hindsight really is 20/20.
P9 FAMILY NEWS

As the world went back into lockdown, it seems like VCs all over the world were keeping themselves busy endlessly scrolling Twitter doing deals, and the P9 Family had plenty to celebrate as a result!
 
Mambu officially entered the unicorn club, having raised $110m in funding for its cloud banking platform.
 
Chainalysis, another newly crowned unicorn, raised $100m (in fiat) for its blockchain analysis platform.
 
Tier scooted in their footsteps, becoming an almost-unicorn, aka soonicorn, following a $250m Series C led by SoftBank’s Vision Fund 2.
 
Brainly is, as far as we know, one of the few remaining social platforms that have not yet banned Trump. Then again, Brainly is all about learning and education, so it’s unlikely that the a-brain (remember?) will ever venture into that community. At any rate, Brainly secured $80m in funding to continue supporting its 350m students with all things homework and to fuel its expansion in the US.
 
Jobber followed suit, raising $60m for its platform for home service professionals, who are busier than ever following a surge in home remodeling projects (no surprise given people have never spent as much time at home!)
 
Whilst most of us are stuck in lockdown-central and haven’t flown anywhere in months, stuff still needs to be shipped around the world. That’s where cargo.one comes into play. Their freight booking platform has just raised $42m in Series B funding led by Bessemer Venture Partners, just six months after their $18m Series A.
 
Jack Newton, co-founder & CEO of Clio, and the only person on the planet to believe in God after having received a (spam) email from Christoph, has been named Canada’s most admired CEO.  WOW. Well-deserved!
 
Shops may have been closed over Christmas, but that didn’t stop some companies from getting their checkbooks out and going on an M&A spree. Humanity, an employee scheduling platform we invested in about ten years ago, was acquired by  TCP (TimeClock Plus).
 
Meanwhile, Automile celebrated the New Year early, following its sale to telematics giant, ABAX.
 
Last but not least, Visma has acquired a majority stake in Infakt, another P9 investment from ten years ago. Huge congrats to everyone on their successful exits!
 
Metalshub rolled out their price indices for metals and ferroalloys just in time for Christmas, making it easier than ever for businesses to compare prices of metals and shop for bargains!
 
Bitbond has partnered with Bankhaus von der Heydt, one of Europe’s hodlest oldest banks, to issue a Euro stablecoin on the Stellar network. The EURB stablecoin is the first stablecoin issued directly by a banking institution on Stellar – and one of the first of its kind in the crypto market!
FROM OUR BLOGS
 
Seth gave us the lowdown on how (and why) to do sales forecasts and pipeline reviews.
 
Julia doubled down on all things B2B marketplaces with her latest post on the B2B Marketplace Stack. She also went back to some marketplace basics with her post, WTF is Share of Wallet and HTF do you measure it?
 
Christoph explained why your LTV might be lower than you think and looked at a one-third full glass in his latest post on Persistence and Predictability of SaaS growth. He also covered one of the most debated topics when it comes to investment rounds in his case for and against pro-rata rights.
 
Tilman talked us through all things Employee Incentive Schemes: The good, the bad and the grey.
PODCASTS AND MORE!
 
For those of you who need a little podcast action when you're getting bored on Clubhouse, our team has been busy over the last few months. Check out some of their podcasts here:
 
Julia talks all things B2B marketplaces on getCCed.
 
Louis did a podcast on our investment into AMMP and distributed energy markets. If you’re into renewable energy, check this one out!
 
For all the Frenchies out there, Louis interviews our portfolio company Sqreen in last month’s episode of Funding Crush. He also did an interview with LeMonde, where he talks about the startup ecosystem in Berlin.
 
For all the German speakers and logistics lovers out there, Pawel talks about all things logistics and supply chain investments

And to top it all off, it turns out Pawel’s got the Santa’s Midas touch, he just got named as one of the Top Venture Capital Investors in Europe in 2020!
That’s all for now folks! Stay safe and healthy,

The P9 Team  🎉



 
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