A community-as-a-service startup a day keeps the FOMO away
Engage Here

Welcome to today's edition of the Daily Dealflow. 

This newsletter is produced by Engage Here 
We provide startup community engagement driven from the local level.
Powderkeg

Powderkeg

A Community-as-a-Service (CaaS) Platform  For Scale-Up Tech Companies
Powderkeg is the leading community platform for the most promising scale-up companies outside of SF and NY. The value SF founders get from physical density is what we give everyone else digitally (+ events once in a while).

📍 Location

Indianapolis, IN

⚙️ Product Stage

Beta—private

🏭 Industries

Marketplaces, SaaS, Data services

🤑 Fundraising Status

Active term sheet

📈 Last Funding Stage

None

💸 Total Funding to Date

$150,000

Big Win

  • We have 40+ paying customers for the new platform and an additional 20+ enterprise customers like Salesforce, Genesys, and Rise of the Rest. 
  • We continue to successfully build and validate our regional scaling process across places like Kansas City, Raleigh-Durham, Denver-Boulder, and Cincinnati. 
  • A large existing corporate customer just doubled their spend, of which the new piece represents our first sale of data product (rather than membership or corporate partner product). They value our unique data, and we think there’s a lot of revenue growth potential in that path.
  • We just hired an exceptional Head of Content (early days at Groupon and managed digital at Angie's List) as well as a new Events Director with 8+ years hosting 20+ events per month for software scale-up OneCause (formerly BidPal).
  • We’ve added two great advisors, both of whom came up outside the Valley and built successful tech companies, who now do ecosystem building work. John Ramey (White House innovation advisor / DIUx, Nomadic Mentors, iSocket) and Frank Gruber (Tech.co).

Download the deck

They're hiring!

Contact the Founder

Matt Hunckler

matt@powderkeg.com

Hey Denver/Boulder readers: Powderkeg is kicking off their Colorado community next week with an awesome event on Tuesday June 5th! I'll be there. Join us!

 About Engage Here

Engage Here offers global startup community engagement driven from the local level. We scout and source startups for corporations and VCs, giving them access to startups over the world. 
 
The Daily Dealflow is just a fraction of the dealflow we see on a regular basis through our local community leader network. 
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Engage Here, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.