We recently spoke about Rebel Fund and it mission: Rebel aims to invest in the top 10% of startups (top 0.1% of applicants) from Y Combinator, the #1 accelerator in the world with 90+ unicorns and $600B+ in portfolio company value.
As the year progresses and so do its endeavors, Run Capital Partners – Rebel Fund distributor- decided to share an update with its network. As of Q2 2024, the total value of all Y combinator startups exceeds $600B, with more than 90 companies valued above $1B, 300 companies valued above $150M and 18 public companies.
Rebel, as of today maintains the largest dataset of YC startups and founders that exists outside of YC itself. The company has just released a new theorem called Rebel Theorem 3.0 based on millions of data points, becoming the world’s only validated ML/AI algorithm to predict startups success by incorporating hundreds of data points and assessing their strengths.
What keeps Rebel Fund thriving
The partners at Rebel are now valued over $100B in aggregate, including Steve Huffman, Reddit, Daniel Kan, Cruise, Jonathan Hirsch, Paradigm and Max Mullen, Instacart.
Rebel’s competitive advantages remain reputation, with YC as the most prestigious incubator and alumni partners; access with special access for YC alumni to top startups and a >98% deal win rate; selection, holding 200+ data points per batch, a proprietary algorithm and finally portfolio support thanks to decades of combined CEO experience, partners scaling startups to multi-billions and relationships with other top venture funds.
The example seed investment funnel sees 20,000 YC applications, which leads to 1500 YC interviews, ending in 250 YC startups, 70 interviews (6-8 interviews per rebel partner, investment committee meeting and final selection of investment) and finally 25 rebel seed investments per YC batch. All this process is possible thanks to rebel theorem 3.0, the generative AI analysis, pre-interview applications, signal from partners’ network and referral from partners. Usually the investment starts at seed stage, proceeds to post seed investment, then Series A, Series B, C and finally Acquisition and IPO.
Key Portfolio Metrics
This quarter sees 162 portfolio companies, same as last quarter, $10,7B of total enterprise value, $200M more than the last quarter, $44.7M of total capital invested presenting no change since last quarter and finally, with a $400M increase from last quarter, the total capital raised has reached $2.2B.
The Rebel Fund I portfolio of companies included:
- 45.1% in B2B
- 17.9% in financial technology
- 14.2% in healthcare
- 9.9% in consumer technology
- 8% in industrial sector
- 3.7% in real estate
- 1.2% in education sector
The Fund II portfolio includes:
- 69.2% of B2B
- 11.5% in consumer sector
- 11.5% in healthcare
- 3.8% in real estate
- 3.8% in education
Spread as follows:
- 92.3% are located in America and Canada
- 3.8% in Europe
- 3.8% in Africa
ESG and diversity factors
Over 80% of Rebel portfolio companies have an ESG factor and/or diversity factors.
In conclusion, given these promises it is a great moment to become a part of the Rebel Fund family and part of the innovative wave of investment it is taking over, promising an expected return of 5x the invested capital in 8 to 9 years.
Run Capital Partners remains at disposal for any questions and more in depth information.
