What types of companies do you invest in?
Our investment focus is on technology companies, born and linked to CEE, with a product with wide scalability in and beyond the region.
At what stages do you come in? Does the company need to have revenue?
Investments can start at seed and first rounds. While recurring revenue is in itself a strong indicator, a demonstratable traction with key customers at all stages of consideration is required.
Do you focus on any particular area or vertical space?
All incarnations of technologies, with a strong emphasis on a unique value proposition are valid. Prefer deep expertise in software and algorithmic areas with a scalable SaaS model. In general, companies in automation, recognition, analytics, interpretation and security are within the scope both in B2B and D2C models.
What requirements do teams need to meet, in order to qualify for an investment?
The team needs to have a strong leadership and CEO, based on expertise, treats and skills. The founding team should balance capacities in technology, product, marketing, sales and critical disciplines.
What is your investment methodology?
Preference for leading the round, while being open to co-investments with selected VC’s. The goal is to support portfolio companies throughout their growth as conditioned by a strong execution and results performance.
How do you support the companies, besides financing?
The managing partners have a tradition to identify and grow leaders in each category and segment, assisting startups in commercialization. A key method is recruiting a strong board, composed of industry and domain experts.
What is your ticket size and preferred % equity?
EUR2M to EUR4M in early seed, seed and first institutional rounds, acquiring a minority stake. However, for interesting projects we are open to go significantly below and significantly above those thresholds.
For how long do you expect to hold on to your stakes in companies?
As the first investment in a company is closed, the partners secure additional reserves, to be able to participate in future rounds.
How long does it take to get a round closed?
The intention is to close fast. Typically, the startup needs to produce documents and answers to questions that come up during the evaluation process. Advancement happens as fast as the company can produce answers and due diligence material.
How do your terms and conditions look like?
The best description is “founder friendly”, with industry standard terms provided. In the term sheets, there is not only a clear description of the conditions, but also an explanation on the “whats” and “whys”. These terms are based on proven experience in preparing the company for a smooth transition to further financing rounds down the road.