These updates are part of our Monthly Update Newsletter. To receive these updates directly in your inbox, please subscribe to our newsletter here.
****
Welcome to the latest update from EVP_
This month we share the news of our investment in Nexl, a CRM platform for law firms. We first invested in Nexl in December 2022 and were very pleased to lead a $6m follow-on round completed in December 2023.
Also this month, Mark Velik shares insights on our investment in Programa, while Dan Szekely and Britt Bloom dive into the implications of churn in a SaaS business.
// EVP Investments_
Nexl Raises $6m_
We are pleased to announce our $6 million Series A raise for Nexl alongside Shearwater Capital.
Nexl is a relationship intelligence platform for legal firms. Currently, it supports over 100+ law firms globally. We are looking forward to supporting Phillip Turner and the Nexl team on the next phase of their growth.
// Latest Insights_
Investment Notes: Why We Invested in Programa_
Mark Velik recently wrote a piece on why we’re excited to partner with Travis Orr, Zoe Lowres and Claudio Oyarce from the Programa team.
Desk Notes: Fix Your Product, Then Scale_
Dan Szekely and Britt Bloom teamed up to share thoughts on some of the underlying prerequisites to scaling a SaaS business.
// B2B SaaS Tools & Content_
- Dave Kellogg shared advice on key questions for evaluating whether to retain or eliminate a customer success team in a company.
- Jamin Ball shares a reflection on the challenges facing venture-backed startups post the 2021 funding boom and the need to reassess viability and consider alternative strategies for success.
- Iconiq Capital provides valuable frameworks and templates for best-in-class GTM reporting.
- David Sachs gives an overview of the unintended consequences of sales incentive plans and offers ten solutions to mitigate them.
// Portfolio News_
- AutoGrab was featured in The Australian to discuss the surge in used vehicle sales volumes.
- Ignition has released a resource hub with exclusive resources for running an accounting practice.
- InvestorHub has launched a community platform for leaders in public companies to share their learnings.
- Lumary's VP of Strategic Growth, Jason Collins, sheds light on major shifts happening in the disability sector.
- Mooven has published a blog post discussing how their platform transforms large-volume, short-duration projects for dynamic paving and maintenance works.
- Nexl has released a podcast featuring the company’s Chief Growth Officer in a discussion with the Director of Marketing & Communications at Crumiller.
- Particular Audience Founder, James Taylor, shares how a co-working space provided him with inspiration and investments.
- Practifi won the Best CRM in the 2024 WealthTech Americas Awards.
- Programa was incorporated into the curriculum at the interior design college at ISCD.
- Shippit is featured in a weekly series of interviews with other retail leaders to discuss key topics impacting the Australian retail landscape.
- VendorPanel announced its SOC 2 compliance, focusing its commitment to providing the highest quality of security standards for its customers.
These updates are part of our Monthly Update Newsletter. To receive these updates directly in your inbox, please subscribe to our newsletter here.
****
Welcome to the latest update from EVP_
This month we share the news of our investment in Nexl, a CRM platform for law firms. We first invested in Nexl in December 2022 and were very pleased to lead a $6m follow-on round completed in December 2023.
Also this month, Mark Velik shares insights on our investment in Programa, while Dan Szekely and Britt Bloom dive into the implications of churn in a SaaS business.
// EVP Investments_
Nexl Raises $6m_
We are pleased to announce our $6 million Series A raise for Nexl alongside Shearwater Capital.
Nexl is a relationship intelligence platform for legal firms. Currently, it supports over 100+ law firms globally. We are looking forward to supporting Phillip Turner and the Nexl team on the next phase of their growth.
// Latest Insights_
Investment Notes: Why We Invested in Programa_
Mark Velik recently wrote a piece on why we’re excited to partner with Travis Orr, Zoe Lowres and Claudio Oyarce from the Programa team.
Desk Notes: Fix Your Product, Then Scale_
Dan Szekely and Britt Bloom teamed up to share thoughts on some of the underlying prerequisites to scaling a SaaS business.
// B2B SaaS Tools & Content_
- Dave Kellogg shared advice on key questions for evaluating whether to retain or eliminate a customer success team in a company.
- Jamin Ball shares a reflection on the challenges facing venture-backed startups post the 2021 funding boom and the need to reassess viability and consider alternative strategies for success.
- Iconiq Capital provides valuable frameworks and templates for best-in-class GTM reporting.
- David Sachs gives an overview of the unintended consequences of sales incentive plans and offers ten solutions to mitigate them.
// Portfolio News_
- AutoGrab was featured in The Australian to discuss the surge in used vehicle sales volumes.
- Ignition has released a resource hub with exclusive resources for running an accounting practice.
- InvestorHub has launched a community platform for leaders in public companies to share their learnings.
- Lumary's VP of Strategic Growth, Jason Collins, sheds light on major shifts happening in the disability sector.
- Mooven has published a blog post discussing how their platform transforms large-volume, short-duration projects for dynamic paving and maintenance works.
- Nexl has released a podcast featuring the company’s Chief Growth Officer in a discussion with the Director of Marketing & Communications at Crumiller.
- Particular Audience Founder, James Taylor, shares how a co-working space provided him with inspiration and investments.
- Practifi won the Best CRM in the 2024 WealthTech Americas Awards.
- Programa was incorporated into the curriculum at the interior design college at ISCD.
- Shippit is featured in a weekly series of interviews with other retail leaders to discuss key topics impacting the Australian retail landscape.
- VendorPanel announced its SOC 2 compliance, focusing its commitment to providing the highest quality of security standards for its customers.