Hey Iterative community!
First of all, thank you all for being part of the Iterative community and subscribing to this newsletter. As we’ve reached our first 500 members since the launch in January, we are really excited to continue building on this momentum and supercharge the growth of our community by presenting the best deal flows, hosting community events, and establishing more diverse communication channels, such as this newsletter.
In this bi-weekly digest, we plan on sharing a sneak peek on the upcoming deals in our pipeline and the upcoming Iterative events, as well as collecting feedback from you. The Iterative community is driven by you all - please feel free to reach out (team@b3angels.com) if you have any interesting deals, ideas, or any suggestions you’d like to share with us!
To gain access to our syndicate deals, please join us on AngelList.
Upcoming Deals
Here are some of the interesting deals we have in the pipeline! Click on the company title to view the pitch deck for more detailed deal terms. If you are interested in any of these deals, please RSVP with the button below (while this does not guarantee your investment, it will put you in a priority list once we secure an allocation).
Nabis - Series B
Nabis (YC W19) is the fastest growing cannabis distributor with a software-frontend and an infrastructural backend. In additional to providing an end-to-end supply chain ERP and wholesale marketplace, Nabis owns and operates 2 distribution centers in CA (~50,000 sqft) and a fleet of 55 trucks. Nabis is currently only in CA, but distributes more than $300M worth of products a year, controlling 10% of all legal cannabis consumed in CA. Founded by an ex-Facebook engineer, Jun Lee, the Iterative community will have an opportunity to speak to the founder and a Q&A session this week (see the event section below for RSVP).
GoalFive - Seed
Goal Five is a women-led startup providing an online women sports apparel platform designed to bring gender equity to sports. The company's product catalog includes tops, bras, bottoms, shorts, tees for sports and also donates part of its profit to organizations assisting girls around the world gain access to soccer, enabling women to find sports apparel that fit and promote female sports to achieve gender equality. It has grown to $1.08M annual sales in 2020, which is +500% growth y-o-y, with 91% returning customer rate. It is targeted to grow into $6M in sales in 2021. We also plan to host a Q&A session with the company’s founding team this week (see the event section below for RSVP).
Khabri - Seed Extension
Khabri (YC S19) is India’s 'clubhouse for education’. Founded by a strong team who previously built the Spotify of India, it is the fastest growing audio platform serving next billion non-English users with knowledge and podcast-like educational contents. The platform has already reached 30k monthly content posted in 2H 2020 and 140k DAUs as of Feb 2021. The company is looking to grow into 1.3M MAUs by July 2021.
Chaldal - Series C
Chaldal (YC S15) is the Amazon of Bangladesh. With COVID accelerated the adoption of grocery delivery in Bangladesh, the company is posed to become the largest grocery outlet in the country in 2022 with plans to expand to other countries. The company’s monthly orders have reached over 200k (2x growth y-o-y since 2019) with 75% monthly repeated orders, and their current run rate is extremely lean at $43M, making them a competitive player in the global grocery logistics market. They are aiming to reach EBITDA profitability by the end of 2022.
SubterraAI - Seed
SubterraAI is a SaaS platform that provides the largest 3D mapping dataset and ML-based diagnostics for underground wastewater infrastructure for local municipalities/ utilities. Founded in mid-2018 by a team of underground 3D mapping/ computer vision experts, the company has fully developed MVP of its platform, secured 3 large contracts in the U.S. ($395k contracted revenue), and now looking to grow 10x from 2021 to 2022 in revenue.
Submit a Deal
Would you like to submit any interesting deals and syndicate with us? Please submit your deal by clicking the button below.
Upcoming Events
Q&A with Goal Five CEO Ann Kletz (4/21/2021 @ 4:30 PM PST) - RSVP
Q&A with Nabis CEO Jun Lee (4/22/2021 @ 4 PM PST) - RSVP
Intro to advise startups by Ben Gruber (Time: TBD) - RSVP
Intro to YC Companies by Saad Rizvi (Time: TBD) - RSVP
Any Feedback or Want to Get Involved?
As we continue to grow and scale, we’d love to hear from you how we can be better and what you’d like to see more of. Want to get involved with the Iterative community? We’d love to have your help supporting the community. Please use the link below to give feedback & share your interest in joining our efforts.