Case study: fundraising campaign for ThinkBe
Automation of LinkedIn outreach for an AI startup

67 calls with VCs generated in 2 months
resulting in 6 term sheets and 10 LOIs
  • 42%
    LinkedIn connection accept rate
  • 30%
    LinkedIn message reply rate
  • 61%
    Sales team workload decreased by
Testimonial
Project overview
Client: ThinkBe LLC (Sunnyvale CA, USA)
Objective: Automate LinkedIn outreach to VCs for securing investment.

Scope:
  • Collect and narrow down a list of potential VCs.
  • Identify key decision-makers and verify contact information.
  • Automate LinkedIn outreach and engagement strategies.
  • Manage team outreach using multiple LinkedIn accounts.
Gameplan
1
Contact collection
Build a comprehensive and targeted list of contacts tailored to the specific needs.
2
LinkedIn profile optimization
Optimize sender's LinkedIn profile to enhance your target outreach and increase engagement with potential leads.
3
LinkedIn funnel setup
Create and optimize the LinkedIn funnel workflow
4
Outreach
Begin targeted automation
5
Landing calls
Provide all the relevant information to succeed on the scheduled calls.
Strategy and execution
Step-by-step execution of a 2 months fundraising campaign
Data Collection and Filtering
Data Collection and Filtering
Building a targeted list of potential VCs.
Actions Taken:

  • Data Collection: Compiled an initial list of over 2,500 VCs.
  • Filtering: Narrowed down to 800 VCs based on investment stage and focus in the USA.
  • Contact Information: Identified key decision-makers at each VC and sourced their LinkedIn profiles.
Tools Used: Public records, data scraping tools, LinkedIn Sales Navigator.

LinkedIn Profile Optimization
LinkedIn Profile Optimization
Enhancement of profiles to enhance visibility, credibility, and engagement.
Actions Taken:

Profile Overhaul:
  • Professional Headshots: Ensured all LinkedIn profiles had high-quality, professional headshots to create a strong first impression.
  • Headline Optimization: Crafted compelling headlines for each profile, highlighting expertise and value proposition relevant to the target VCs.
  • Summary Enhancement: Developed engaging and succinct summaries that clearly outlined the individual's role, experience, and the company's mission, focusing on how they drive innovation and value in the tech industry.

Experience and Skills Update:
  • Detailed Experience Sections: Updated the experience sections with clear, impactful descriptions of current and past roles, emphasizing achievements and responsibilities relevant to the fundraising and tech industry.
  • Skills Endorsements: Identified key skills and ensured they were prominently displayed and endorsed by colleagues and industry peers to enhance credibility.

Network Expansion:
  • Strategic Connections: Identified and connected with industry influencers, potential investors, and relevant professionals to expand the network and increase profile visibility.
  • Personalized Connection Requests: Sent personalized connection requests with tailored messages to key decision-makers at target VCs, highlighting mutual interests and potential collaboration opportunities.


Linked Outreach Automation
Linked Outreach Automation
Enhancing outreach through LinkedIn automation.
Actions Taken:

  • Profile Automation: Automated outreach using 7 LinkedIn accounts managed by the team.
  • Connection Requests: Sent connection requests to 900 VCs in the first month.
  • Engagement Automation: Automated actions such as post likes, profile visits, comments, and skills endorsements to increase visibility and engagement.
  • Message Sequences: Developed personalized LinkedIn message sequences to initiate conversations and follow-up.
  • A/B Testing: Tested different LinkedIn outreach strategies to optimize engagement and reply rates.
  • Targeted Approach: Utilized an extremely targeted approach by customizing messages based on each VC’s investment focus, recent activities, and industry trends.
Tools Used: The Platform

Results
Fundraising campaign was successfully executed
  • 6 Term-Sheets
    Received in 2 months
  • 10 Letters of Intent
    Signed in 2 months
  • 400+ Hours
    Saved through automation
  • 2800+ People
    Profiles contacted during the outreach
Conclusion
The investor outreach campaign executed by Horizon Works LLC was a significant success, demonstrating the efficacy of LinkedIn automation in modern fundraising efforts. By strategically targeting VCs, optimizing LinkedIn outreach, and leveraging sophisticated automation tools, the American startup secured essential funding efficiently and effectively. This case study highlights our capability to drive results, showcasing our expertise in delivering outstanding outcomes for our clients.
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