Benchmark results
Median number of contacts added per user
Similar to top firms, firms like yours saw a large midyear dip in network growth followed by a sharp uptick in Q4 2023. In Q1 2024, firms like yours added 49% more contacts YoY, likely in an attempt to source more network-driven deals.
Median number of emails sent and received per user
Engagement grew for top firms, but was inconsistent for everyone else. With a 47% QoQ increase in emails in Q1 2024 alongside a YoY surge in new contacts, firms like yours are likely prioritizing network building for deal sourcing after a relatively slow year.
Deal volume
View chartMedian number of deals added per firm
While top firms held the majority of deals, firms like yours saw a consistent decline in deal flow until Q4 2023, when deal volume started to rebound. In Q1 2024, deal volume for firms like yours was down 30% YoY, although all firms and top firms also saw YoY declines during this period.
Engagement
View chartFor a full analysis of the key trends, view our investment benchmark report.
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