,
Thanks for being a member of the Automotive Ventures Investment Club. I’m excited to share a new deal with you.
Opportunity:
Automotive Ventures has just made a follow-on investment into portfolio company
out of our DealerFund, and we were able to secure a $150k allocation in this round for co-investment from our Club members. This Club investment is the only way to participate in this round.
Highlights:
We are delighted with WarrCloud’s progress since we first invested back in January 2021, and here are a few notable milestones:
> 200 dealership rooftops
$7m+ annualized revenue
Expecting to close a Series A round in the first half of 2023
Investor Presentation:
is a link to WarrCloud’s investor presentation.
Pitch:
You’re invited to a 1-hour pitch and Q&A session with the company’s CEO on
Tuesday, 2/14 at 3:00 PM ET
to hear more.
Deal Terms & Fees:
The terms of the round are a $25m post-money valuation cap and 20% discount on a “
” (SAFE).
The SPV (our investment vehicle) fee structure will mirror best practices established by the
, with a one-time 2% management fee and 20%
.
If you’re interested in attending next week’s call and learning more about the opportunity to invest, please let me know.
Many thanks,
Steve Greenfield
678.576.9972
