We are peers amongst entrepreneurs helping the brave to build game-changing companies, just like we have done ourselves. We are driven by conviction and thus seek such conviction in our entrepreneurs as well.

Focus Investment Principles

We Look for Agility Drivers.

In today’s hyper competitive world companies are forced to optimize every step in their value chain while being agile to react to new requirements. Therefore, businesses are striving to adopt verticalized solutions to support their processes. These need to be easy to use (Consumerized), readily available as a service (XaaS), best of breed in its vertical (Point Solutions) and open to support an ecosystem of tools (Open APIs). This leads to simpler and better-connected business tools –as-a-service for enterprise productivity.

We Believe in Seductive Solutions.

For a solution to be broadly adopted it has to solve a burning need or a staggering daily pain. We seek companies that are able to create a wow effect. Discovering a solution should feel like complete ease and fulfillment. It should not only feel functional but satisfying to use and spend time with it.

We Invest in Whale as well as in Deer Hunters.

Some investors shy away from the challenges which come with building an enterprise-software company. We have built those ourselves and grasp at the opportunity in B2B with AI and a new simplicity. Simultaneously, we embrace the potential of the SME & Prosumer market with its enormous opportunities.

We Seek Truly Data-Driven and Technology-Enabled Business Models.

For one thing, data is a source of truth for successful decisions. The rise of Artificial Intelligence empowers businesses to automate and augment their processes. Moreover, software enables frontier technologies by providing innovation leaps in fields like BioIT, (Aero)space, Distributed Ledger and Quantum Computing.

General Investment Principles

We Invest in the Seed Stage.

We invest in seed-stage companies, targeting both product-market fit bets, which are post-product but pre- or early-revenue, as well as scaling bets with initial revenues.

We Seek Critical Market Potential.

We only invest in companies that have the potential to reach a €500m+ valuation within 7 to 8 years. To achieve it, the addressable market size should be €1b+ in recurring revenues at high gross margins.

Our Focus is on Europe.

We focus on companies originating out of Europe with global ambition. We strongly believe in the available talent and infrastructure in Europe to build global leaders.

We Go for Product First.

We believe in the significance of the product and also want to see that reflected in our founders. Only an excellent product will support building an excellent company with excellent people – for years.

We Support Holistic Teams.

We love determined and complementary teams with entrepreneurial vision and global ambition.

We Target Significant Ownership Stakes.

We are going for a significant stake because we want a concise portfolio of 20, really strong teams, each of which we can support throughout the whole entrepreneurial journey, rather than going for a “spray and pray" approach. Moreover, the returns of these stakes allow for a long-term perspective as an investor.

We Support A Sustainable Round Size.

We believe that an entrepreneur’s focus should lie on building a company, not on raising funds. Therefore, we invest in rounds which grant a runway of 18 months.

We Look for Solid Entrepreneurship.

Back then, we wanted to be great entrepreneurs and to build a great company instead of going after paper money. It is this spirit we are looking for in today’s founders. It is this spirit we believe creates the best returns.