How Aumni amplifies R7's venture portfolio performance

Challenge: R7 Partners needed a portfolio monitoring and management solution built for scale, accuracy, and efficiency.

R7 Partners is an early-stage venture capital firm specializing in the untapped potential of physical industries within the new industrial economy. R7 has invested in everything from autonomous airplanes to autonomous cars to robotic farms where robots grow everything from start to finish. "We truly believe intelligence is coming into the physical world", said Trey Ward, General Partner at R7, "and it's going to transform our daily lives."

In the early days of R7, managing their investment portfolio company information and reporting on it was relatively simple. "We have a small team, as most venture firms do," Trey said, "I knew every detail of every company." But their lean team was not able to keep track of deals and recall terms easily and with confidence as R7's portfolio continued to grow. Keeping track of company structures, terms, and data became too complex to manage without either hiring 4 to 5 more people or turning to a software solution.

“When we had just a handful of investments, if anyone asked me about our percentage of ownership in a company, I could answer immediately with confidence. As we grew to 15+ plus companies, I found myself going through documents spread across multiple databases, which often took hours,” said Grace Coletta, Head of Operations at R7 Partners, “So much of what we do boils down to the terms that we're negotiating and the way that the deals are structured, so a key part of being good stewards for our investors is being able to quickly and accurately communicate that information.”

"When you are managing millions of dollars, it is your responsibility to make sure that everything is completely correct. 100%. So good enough isn’t good enough. You have to be perfect. Especially in this game," said Trey.

“When you are managing millions of dollars, it is your responsibility to make sure that everything is completely correct. 100%. Good enough isn’t good enough. You have to be perfect. Especially in this game.” - Trey Ward, General Partner, R7

Solution: Aumni's venture performance platform.

R7 implemented Aumni to get the investment intelligence, document management, scenario modeling capabilities, and workflow support they needed for their ever-expanding portfolio. A fast implementation meant that the benefits from having complete portfolio data in one platform were quickly realized, making document management, analytics, and reporting tasks feel almost effortless.

Today, R7 can upload and store every deal document in Aumni with a few clicks, and automatically set up and generate standardized reports with confidence in their accuracy. A transaction ledger allows for quick determination of fully diluted ownership percentages and voting rights for every portfolio company. In just one click, R7 can now share details of any investment across any fund in a clear and concise way, ensuring relationships with stakeholders stay strong.

"The reason we signed up so quickly with Aumni is every time there’s a transaction, all of the legal documents are reviewed, and data points that you don’t even really think about on a day to day basis are put into a standardized platform. I can go in Aumni, I can quickly get to that piece of information, and I know it’s right," said Trey.

“The reason we signed up so quickly with Aumni is every time there’s a transaction, all of the legal documents are reviewed, and data points that you don’t even really think about on a day to day basis are put into a standardized platform. I can go in Aumni, I can quickly get to that piece of information, and I know it’s right" - Trey Ward, General Partner, R7

Additionally, Aumni's reporting solutions provide access to data in Excel while Aumni's Market Insights unlock the ability for R7 to benchmark against the market on key terms and trends. These are often used for end-of-year audits, reporting, and preparing for presentations.

The results: Aumni delivered on all three needs: scale, accuracy, and efficiency.

"Until we bought Aumni, we had no single source of truth. Without it, we would be overwhelmed to the point that our ability to scale, deliver accurate information, and drive efficiencies would essentially halt. Aumni extends our team and capabilities dramatically. The value is tremendous!" said Grace. "You need Aumni to be effective at your job." She continues, saying "Because of Aumni, I'm able to spend more time on core work, making sure our portfolio companies are successful, and keeping our investors happy."

“You need Aumni to be effective at your job.” - Grace Coletta, Head of Operations, R7

"Every single quarter, we go into Aumni and make sure that the numbers in Aumni match what our financials say. Every single time we’re doing a transaction we’re going into Aumni. Running a report, getting information in a click and knowing it’s accurate and up to date because it's always pulling from the legal documents... it’s a gigantic time saver and confidence booster. It is the equivalent of multiple full time employees," Trey said. "Would I recommend Aumni? Without a doubt. If you want to punch above your weight. If you want to have the data accuracy and accessibility with a small team that matches those managers that have dozens of accountants or even attorneys in house, you’re gonna need it. If we were to collect the value in a software platform to match Aumni, that is the work of 4-5 full time people," said Trey.

“If we were to collect the value in a software platform to match Aumni, that is the work of 4-5 full time people. Would I recommend Aumni? Without a doubt. If you want to punch above your weight. If you want to have the data accuracy and accessibility with a small team that matches those managers that have dozens of accountants or even attorneys in house, you’re gonna need it.” - Trey Ward, General Partner, R7

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