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 19% 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 21% QoQ increase in emails in Q1 2024 (alongside an increase in network growth), firms like yours are likely prioritizing network building for deal sourcing after an inconsistent 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 20% 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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