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  • 🤑 02 April 2024: NexGen + YCombinator Winter Batch

🤑 02 April 2024: NexGen + YCombinator Winter Batch

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STARTUP PICKS

NexGen

In less than a week, the fund we partner with on this deal has received commitments for over $1.2M out of the $2M allocated - first-come, first-served.

Blurb: NexGen Cloud, established in 2020, is becoming a leader in GPU-as-a-Service (GPUaaS) and sustainable AI cloud infrastructure in Europe. They've shown remarkable growth, powered by 100% renewable energy and leading the market with their Hyperstack platform and large NVIDIA H100 GPU fleet.

Highlights:

  • In 2023, NexGen Cloud's revenue grew by 700% YoY to $45M with a profit before tax of over $3M. They have forecasted revenue growth of over 10x to $466M for 2024, supported by a secured sales pipeline of over $450M.

  • NexGen Cloud is raising $60M in a Series A round at a $500M pre-money valuation. Our subscribers have an exclusive opportunity to invest at a 20% discount, resulting in a $400M pre-money valuation.

  • The global GPUaaS market is estimated to grow at a CAGR of 40.8% from 2023 to 2033. NexGen is strategically positioned to capitalize on this growth by expanding its AI Superclouds and developing its service layers further.

  • As an NVIDIA Elite partner, NexGen Cloud has priority access to the latest technologies and is expected to deploy $2.4B of NVIDIA GPUs in the next 24 months.

Deal Stage: Series A
Round Size: $400M pre-money (20% discount from $500M)
Our Allocation: $2M
Minimum Ticket: $5.000
Fees: 4% fee + 20% carry
Deadlines: commitments by 10th April - close and wires by 20th April

This will be considered a soft commitment. Upon submission, your details will be forwarded to the fund managers overseeing the deal. They will then provide you with the deal memo, deal sheet, and all necessary information for you to thoroughly research this investment opportunity. Once you are satisfied, you can submit your hard commitment directly to the fund managers, who will then secure your participation in the deal.

YC W24 BATCH

YCombinator - Investors Update

As you have probably been informed by the fund managers managing the YC syndicate, we are about to wrap up the first two deals on the winter batch. Three more deals will be selected for this batch, two of which should be closed by the end of the week.

Here’s an overview of the startups selected so far:

Marblism

Blurb: Marblism helps customers generate a fully functional web app from a single prompt. A platform to build software in minutes. Everyone dreads the first few lines of code: choosing frameworks, designing UI/UX, setting up your project, integrating front-end with back-end. Marblism makes it easy so you describe your app and it builds it for you.

Highlights:

  • Marblism enables users to generate fully functional web apps from a simple prompt, significantly reducing development time by handling 90% of the groundwork, including database, backend, and frontend generation.

  • The founding team, having previously created and sold Vauban to Carta, brings a successful track record, with Ulric Musset as CEO/Co-Founder and Cyril Pluche as CTO/Co-Founder, showcasing over four years of collaborative experience.

  • Since its launch in mid-January 2024, Marblism has quickly gained traction with 7,000 users, 200 daily sign-ups, and generating 170 apps per day, demonstrating significant market interest and adoption.

Navier

Blurb: Navier Al is building real-time CFD (Computational Fluid Dynamics) simulations. They are making CFD 1,000x faster with their ML-based solver.

Highlights:

  • Physics simulations, such as Computational Fluid Dynamics (CFD), are essential across many industries ranging from the design and analysis of aircraft to weather prediction. Today’s simulation tools use explicit numerical solvers for physical equations, such as the Naiver-Stokes equations. These solvers are complex to set up and can take ages to produce results.

  • Navier Al is building 1000x faster simulations using physics-ML solvers. They are lowering the barrier to entry for aerospace and mechanical engineers to create high-performance designs.

  • Despite being in the product development stage, Navier AI has validated market demand with $400k in LOIs and plans a subscription model at $35/seat/year, indicating strong future revenue potential.

Check out a few links highlighting what we have done and plan to do with this batch.

Do you like what you see but you missed the deadline?

In line with our approach for previous batches, the YCombinator batches follow a pledge structure. This means distributing your capital commitment across all selected deals, likely totalling five. The deadline for pledges was March 15th.

Marblism and Navier have already closed. However, if you don’t want to miss the opportunity with the next three startups, we strongly recommend registering your interest by the end of the day.
Although pledges have already been received and these investors will be given priority over the allocations, we can waitlist you in case additional allocation for any of the deals should become available.

Deal Stage: Pre-seed & seed
Minimum Ticket: $5.000
Fees: 4% fee + 20% carry

This will be considered a soft commitment. Upon submission, your details will be forwarded to the fund managers overseeing the deal. They will then provide you with the deal memo, deal sheet, and all necessary information for you to thoroughly research this investment opportunity. Once you are satisfied, you can submit your hard commitment directly to the fund managers, who will then secure your participation in the deal.

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