What types of companies do you invest in? Is there a specific focus?
Yes, we favour SaaS, enterprise software and cloud companies. Why? Because we believe this category of technology companies is changing the way business is being done, and in turn, moving us a step closer towards advanced and digitized economies. Also, our prior experiences fit in nicely with this focus. We understand what it takes to build software solutions and are very excited about backing and supporting companies in this space.
What stage do you invest in?
We would love to be your first backers. If you’re after a big market and have been validating your MVP, let's talk!
Do you invest in growth stage rounds?
We do not invest in companies post series A. Nevertheless, we would love to get to know you and maybe introduce you to one of our fellow VCs.
What do you look for in a startup?
We pay most attention to the founders — we seek founders who are passionate about the problem they're solving and have a clear vision on how the world would look like with them in it. We love it when founders understand their target customer so well and validate assumptions with them from the very start. We get particularly excited when we meet founders who are building global products from day one — thinking big and planning ahead. When it comes to the type of company, we tend to favour software and technology startups (such as SaaS, cloud infrastructure, fintech, etc.) over tech-enabled solutions.
Do I have to have a technical co-founder?
The short answer is YES. The long answer is it depends — we do make some exceptions to this if the team demonstrates a clear unfair advantage over others solving the same problem. A committed and incentivized technical lead can also do.
What does your investment process look like?
We try our best to get back to you with an answer as soon as possible. If your company does not fit our investment thesis we will be clear about that from the very start. When we do decide to engage and dig deeper, it can take anywhere from 2 weeks to 2 months to have a term sheet signed.
What does it mean when you decide not to invest?
Timing plays a very important factor when it comes to us deciding to invest or pass on a deal. In many cases the company might be too late or too early for us. As much as we would love to invest in and support a lot of startups, we have limited resources and do need to stick to our thesis and back startups that truly excite us. It's all about the right fit at the right time!