In the fast-moving world of agency hustle, being present and focused amidst the buzz can be challenging. That is, we are always anticipating what’s next for our clients. Add in modern-day maladies —...
Last year, BAM partnered with Stitch, an independent third-party marketing research firm, to evaluate our clients' fundraising results versus the market at large. The original results showed that BAM clients raise 107% more funding than the average VC-backed tech company.
12 months later, the market is very different. According to a Crunchbase report, Q3 2022 venture funding was down 53% year-over-year, and fewer companies are joining the unicorn club. Despite these headwinds, the 2023 update on our Stitch report showed that BAM clients raise 94% more funding than the average VC-backed tech company.
*Excludes outlier BAM client Pacaso, which had $1.3B in total funding.
Similar to last year's report, BAM clients, on average, took longer to receive funding than the Crunchbase sample. But this year's update shows that BAM clients raised faster than last year. There were fewer days between raising rounds 1 & 2, and rounds 2 & 3 for BAM clients compared to BAM clients last year. Overall, BAM clients raised a total of 94% more funding than other venture-backed startups:
We're proud to see that the data backs up what we already anecdotally know to be true: our client raise! Do you want to experience the BAM effect for your startup? Let's get to work!
Stitch, a third-party marketing research firm, has confirmed BAM clients raise 107% more funding than the average VC-backed tech company.
To calculate this metric, Stitch sampled 300 companies from Crunchbase’s database, filtered by industry — artificial intelligence, healthcare technologies, cybersecurity, and cloud security — and funding round to match BAM clients’ 2016 to 2022 funding rounds.
Stitch then compared the sample set with BAM clients from 2016 to 2022. The results showed that while BAM clients took on average 22% longer between funding rounds, they raised more money. In particular:
"This five-year span study gives us quantitative data that backs up what we've felt and known for a long time: the storytelling we do for our clients and our vast network of venture capitalists means serious money." — BAM CEO, Beck Bamberger
Data is a key aspect of our storytelling, and we're proud of what this data now confirms: BAM clients overwhelmingly raise more money than other startups.
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