📝 VC Memos (Week of Aug 28 - Sep 3)

New memos last week from Bain Blackbird, Investible

The Memos…

🏠 Kiki (Proptech)

Kiki connects people to sublet their rental home while they take extended trips away.

Raise: Seed | AU $7M

Investor Memo: Blackbird by Samantha Wong, James Palmer

"Tailored for short-term sublets (minimum of 1 to 3 months with an average of 6 weeks), Kiki connects people to sublet their rental home while they take extended trips away.The product is designed to leverage social ties and affinity-based matches, similar to a dating app, to help users build trust in the counterparties who cook in their kitchen, use their bathroom, and sleep in their bed.

This approach - putting people over property - helped overcome a behavioural inertia in Sydney that saw 2/3rds of their 1,500 matches sublet their home for the first time."

👨‍⚕️ Carepatron (enterprise)

Carepatron manages the clients, scheduling and billing of small health practices from one secure app.

Raise: Seed | $4M

Investor Memo: Blackbird by Phoebe Harrop, Silk Kadala

"Carepatron is building delightful workflow and payments software for independent health practitioners - like therapists, chiropractors, and health coaches - to manage their businesses end-to-end.

The practitioner-client journey is made frictionless with centralised appointment scheduling and automated client reminders, note generation via voice-enabled transcription, and collated medical histories, so no record is lost."

🏭 Structure Pal (climate tech)

Structure Pal is a startup with a mission to provide civil engineers with the abilities to reduce concrete volume in their design using their native tools along with a powerful novel AI optimization engine.

Raise: Seed | Undisclosed

Investor Memo: Investible by Ben Lindsay

"The global construction industry is responsible for a staggering 39% of carbon emissions, 4-8% of which is from reinforced concrete. As construction projects proliferate, excess concrete production compounds environmental concerns…Addressing this growing challenge in the cost-driven construction industry necessitates more than advocating for more sustainable alternatives."

📞 Apollo.io (enterprise)

Apollo.io combines a buyer database of over 270M contacts and powerful sales engagement and automation tools in one, easy to use platform.

Raise: Series D+| $100M

Investor Memo: Bain Capital Ventures by Merritt Hummer, Kristie Han, Abby Meyers

"Apollo prides itself on building new features faster and more efficiently than its rivals, passing the savings on to users. Customers get a robust set of sales enablement tools, plus a prospecting database with over 270 million records, for less than it would cost to buy each part of the platform separately from other vendors… Apollo’s flexible pricing model means that even startups can get access to high-quality sales data that was previously only accessible to large enterprises."

Many of you have asked whether we can provide more information regarding private SaaS metrics, so we thought we’d put it to a poll…

P.S. You can read all 1.7k memos on VCinsights.co.