June 2021 Investor Update

We’re happy to announce that we made our first six investments in Q2 of 2021 at an average check size of about $20,000. Based on the updates we have received from them, here are some aggregated funding and operational highlights and lowlights from the companies in our portfolio:

• Collectively, the companies in our portfolio have raised over $7M, so should be well-capitalized through their next operational and funding milestones. 

• There is consistent revenue growth across the companies, with our two top performers showing 25% and 27% month-over-month growth.

• One of our companies booked $73,000 in monthly recurring revenues (MRR) in May, up from $53,000 MRR at the time we invested. This means their annual run rate (ARR) is currently $876,000, which gets them close to their Series A milestone of $1M ARR.

• One of our companies did not hit their fund-raising goal of $1,000,000 but is currently at $37,600 MRR for May and the CEO believes they will be able to hit their operational goals for a successful Series A round without raising additional dilutive capital.

We are pleased with the overall progress our companies are making and are continuing to support them wherever we can (for example, by making connections for them and advising on aspects of their operations in which our team has experience).

Things you can do to help Route 1 Ventures and the portfolio:

• We are currently raising a second tranche for R1V Fund I at a minimum check size of $50,000. If you know anyone who might be interested, please let us know. This helps us further diversify our portfolio for the benefit of all LPs.

• Two of our portfolio companies are looking for introductions in these spaces:

1. Freight shippers in the food and beverages, building materials, or packaging materials industries

2. Commercial real estate lessors (e.g., shopping mall managers).

• Portfolio Companies Hiring

  • ProPhone

    • Senior Backend Engineer

    • Full Stack Engineer

  • ZeroBroker

    • Product Manager

    • Lead Software Engineer

As always, feel free to reach out to us by booking a meeting through the link in the navigation bar or sending us an email.

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Tomer & Ace