Benchmark results
Median number of contacts added per user
Similar to all 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 saw slower network growth, adding 13% more contacts QoQ, and likely shifted focus to maintaining existing contacts as deal flow picked up in Q4 2023.
Median number of emails sent and received per user
Engagement grew for top firms, but was inconsistent for everyone else. In Q1 2024, emails increased 25% QoQ and 45% YoY forfirms like yours, which corresponds with the increased network growth in the same period.
Deal volume
View chartMedian number of deals added per firm
While top firms held the majority of deals, deal volume was inconsistent forfirms like yours. Firms like yours saw a 29% QoQ drop in deals in Q2 2023, and struggled to get back to levels seen at the start of the year. Deal volume was down 22% YoY for firms like yours in Q1 2024, though all firms and top firms also saw YoY declines during the same period.
Engagement
View chartFor a full analysis of the key trends, view our investment benchmark report.
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