🌟Innovative VC Firm Overcomes Exits Drought with Secondary Sales🌟 ⛵Navigating a challenging landscape where exits are scarce, Santa Barbara Venture Partners (SBVP) has pioneered a novel approach to sustain its growth and attract investors for its second fund: secondary sales. Instead of waiting for traditional exits like IPOs or acquisitions, SBVP opted to sell shares of its portfolio companies, demonstrating its ability to generate returns for investors and stand out in a competitive market. 🎤According to Dan Engel, founder and managing partner of SBVP, these secondary transactions have been a game-changer, sparking investor interest and bolstering the firm's credibility. By leveraging its recent successes, including a lucrative stake in sports-betting company DraftKings Inc.' acquisition of digital lottery app Jackpocket, SBVP seized the opportunity to return profits to its limited partners (LPs) and pave the way for its second fund. 💡Engel highlighted the challenges faced by young VC firms in raising subsequent funds, particularly amid a downturn in exit activity and heightened investor scrutiny. With traditional exit routes becoming increasingly elusive, the pressure is on for firms to demonstrate tangible returns and establish a track record of success. ✨"For us, secondary sales have been a game-changer. They've helped us return profits to our LPs and attract investors for our second fund," said Dan Engel. 💰For SBVP, the decision to pursue secondary sales was driven by the need to provide liquidity to LPs and validate its investment thesis in the eyes of prospective investors. By strategically offloading portions of its holdings in high-performing portfolio companies like Bark Technologies and Rad AI, SBVP not only generated substantial returns but also bolstered investor confidence in its ability to deliver results. ⚠Despite the complexities and potential stigma associated with early share sales, Engel emphasized the importance of prioritizing investor returns and seizing opportunities to unlock value for stakeholders. With a focus on profitability and transparency, SBVP remains committed to its mission of delivering sustainable growth and maximizing returns for its LPs. 🔍 "Returning profits to our investors is our top priority. By strategically selling shares, we're proving our commitment to delivering results and driving value for our stakeholders," added Engel. As SBVP continues to explore secondary transactions and expand its investor base, the firm stands as a testament to innovation and resilience in the face of market challenges. 🚀 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments? ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VCInnovation #SecondarySalesSuccess #InvestorReturns #ValueCreation
Damir Ibrahimagic Kopinic’s Post
More Relevant Posts
-
Some fundraising insights from Flashpoint Venture Capital and Jade Advisors 👇 ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE
In our latest video, Igor Bilous of Flashpoint Venture Capital discusses the importance of recognising the unique needs of specialized GPs. With insightful questioning by Carolina Pascowitch, the discussion reveals how tailored strategies and local expertise are pivotal for placement agents to truly deliver.
-
Index Ventures Announces $2.3B in New Funds Index Ventures has made an announcement of $2.3B in new funds to fuel the growth of tech startups globally. This impressive fundraising feat includes $800 million for venture investments and $1.5 billion for growth and late-stage companies, demonstrating the firm’s unwavering commitment to nurturing innovation at all stages. “We’re in a really fortunate situation where our funds were raised in a few weeks from existing LPs mainly, and we’re really oversubscribed,” said Nina Achadjian, a partner based in San Francisco. A Strategic and Intentional Approach 🎯 Unlike many VC firms that are struggling in the current market, Index Ventures has carefully calibrated its fund sizes to align with market realities. While this fundraise is slightly smaller compared to their previous efforts—$900 million for Index Ventures XI and $2 billion for Index Ventures Growth VI in 2021—it’s a strategic move. “We had a bottom-up approach and looked at the sizes of growth rounds happening right now and where the opportunities in venture lie,” Achadjian explained. AI: The New Frontier for Innovation 🤖 A significant portion of Index Ventures’ new fund will target AI-driven startups, a sector they believe holds immense potential for transformative innovation. The firm has already backed notable AI-driven companies like Glean.ai and Harvey, positioning itself at the forefront of this technological wave. “I think at this moment, there’s a real reckoning of the foundation models,”Achadjian noted, pointing to the consolidation in the AI space and the vast opportunities that lie ahead. Shardul Shah, a partner based in New York, added that AI is opening up new investment opportunities in traditionally non-tech industries like manufacturing, drug discovery, and legal services. A Legacy of Success and a Global Reach 🌐 Founded in 1972, Index Ventures has a storied history of backing some of the most successful tech companies, including Figma, Revolut, Roblox, Scale AI, and Wiz. With a global strategy and offices in San Francisco, London, and New York, Index Ventures invests across 24 tech ecosystems, maintaining a unified team approach. “The best may be yet to come in the AI space,” Achadjian added, highlighting the firm's optimism and strategic foresight. With 108 unicorns, 23 decacorns, and 57 companies that have gone public, Index Ventures remains a dominant force in venture capital. Their strategic focus on AI and other tech innovations ensures that they are well-positioned to lead the next wave of groundbreaking startups. ✅ Looking to raise capital for your #fund and increase the international pool of LPs? 🤝Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? ▶ For inquiries and free consultations on how G+QUANT can assist, use this form https://lnkd.in/gjC_EuTE #VentureCapital #TechStartups #IndexVentures #AI #Innovation #TechInvestment #InvestmentOpportunities #TechEcosystem
-
-
Kleiner Perkins Announces $2 Billion in Fresh Capital, Defying the VC Fundraising Slump 🚀 In a remarkable testament to its enduring legacy, Kleiner Perkins has secured over $2 billion in fresh capital across two new funds, showcasing that established, brand-name firms can still attract substantial investments despite a challenging IPO environment. “We are thrilled to continue our journey with renewed vigor, investing in the next wave of transformative startups,” the firm announced in a recent blog post. A Resilient Force in Venture Capital 💼 While many VC firms are struggling to secure new capital from their backers, Kleiner Perkins stands out. This latest fundraising effort slightly exceeds the $1.8 billion the firm raised in early 2022. The firm’s ability to raise such a large sum is a clear indication of the trust and confidence investors place in its seasoned expertise. Other prominent firms that have successfully defied the current VC fundraising slump include: - Andreessen Horowitz with a whopping $7.2 billion for multiple funds - General Catalyst nearing a $6 billion fundraise - Norwest Venture Partners with a $3 billion capital haul Strategic Focus on AI-Driven Efficiency 🤖 Kleiner Perkins will continue its investment focus on enterprise software, consumer, healthcare, fintech, and hardtech startups. However, the firm sees a transformative opportunity in leveraging AI to make these industries more efficient. Investing in the Future of AI 🌟 The firm has already backed several promising AI-driven startups: - Glean: A business application search tool. - Harvey: An AI assistant designed for lawyers. Despite these investments, Kleiner Perkins’s footprint in the AI space remains modest compared to other large VC firms, hinting at substantial growth potential in this arena. Legacy of Success 🏆 Founded in 1972, Kleiner Perkins has a storied history of backing some of the most successful companies in Silicon Valley. It was an early investor in giants like Amazon, Compaq Computer Corporation, Genentech, Netscape, and Sun Microsystems. While it faced challenges in the last tech boom, the firm continued to invest in eventual winners like Airbnb, Instacart, Slack, and Robinhood. A New Era of Transformation 🌐 As Kleiner Perkins embarks on this new phase with significant fresh capital, it is poised to further cement its legacy by supporting the next generation of groundbreaking startups. ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #KleinerPerkins #TechInnovation #AI #EnterpriseSoftware #Healthcare #Fintech #Hardtech #InvestmentOpportunities #TransformativeTech
-
-
Presto Ventures Launches New Fund 🚀 In an exciting move Presto Ventures and Czechoslovak Group (CSG), led by Michal Strnad, have launched the Presto Tech Horizons Fund, dedicated to supporting dual-use technological solutions, catering to both civilian and security purposes. Premysl Rubes, founder of Presto Ventures, emphasized the unique nature of this collaboration: “By joining forces, Presto and CSG have created a partnership that is unmatched in Europe.” A Strategic Focus on Dual-Use Solutions 🛡️ Presto Tech Horizons is set to back the most promising technological projects from NATO countries and allied nations, its primary focus is on dual-use solutions that enhance the safety and privacy of individuals, as well as the security of businesses, institutions, and states. Michal Strnad stated: “We understand firsthand how challenging it is to transform research and development into industrial products able to succeed in the defense, security, and law enforcement segments.” Targeted Sectors 🌐 The fund will invest in a wide range of sectors, including: - AI - Cybersecurity - Automation - Robotics - Logistics - Defense - Aerospace - Mobility - Energy - Healthcare Technologies covered include radars, ground and aerial drones, lasers, and sophisticated sensors. This diverse focus ensures that the fund will support innovation across multiple high-impact areas. Overcoming Barriers to Entry 🚀 Presto Ventures and CSG recognize the challenges faced by young tech companies, particularly in finding the right investors and navigating complex regulations, so it aims to bridge these gaps by combining tech investment expertise with industrial and technological know-how. Premysl Rubes highlighted this synergy: “Our fund brings together the best of tech investing, know-how in building global firms, and industrial-technological expertise.” Proven Track Record 📈 Presto Ventures has already invested in over 60 companies, including IP Fabric, Keboola, and Zerops. This new fund will leverage Presto's extensive experience in tech investing and CSG's deep industrial expertise. A Commitment to Innovation 💡 CSG is a global leader in aerospace and defense, and is committed to sharing its extensive experience with emerging innovative entrepreneurs, helping them transform cutting-edge research into successful industrial products. Michal Strnad concluded: “We're prepared to share our experience with emerging innovative entrepreneurs who will become technological leaders.” ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #DualUseTech #DefenseTech #TechInnovation #AI #Cybersecurity #Automation #Robotics #Aerospace #Healthcare #EnergyTech #InvestInTheFuture
-
-
Purple Ventures Launches €40M Fund for Early-Stage Software Startups 🚀 Purple Ventures, a Czech venture capital firm, has launched a new €40 million fund dedicated to early-stage software startups. Founded by David Kasper, Jakub Nytra, and Filip Rehor, the fund aims to fuel innovation and growth over the next four years, targeting approximately 60 pre-seed and seed companies. With a strategic focus on digital health, energy tech, the creator economy, and security, Purple Ventures is set to invest in companies that develop software solutions with global ambitions. The firm has already made notable investments, including Czech energy company Delta Green, iVent Pro—a cloud system for managing virtual and hybrid conferences—and an undisclosed company developing a SaaS system for modern HR management. David Kašper, co-founder of Purple Ventures, emphasized the fund's mission: “We are committed to supporting visionary entrepreneurs who are poised to disrupt their industries with innovative software solutions.”🦸♂️ Purple group, acting as the anchor investor, has contributed €14 million of its own profits to the fund. This significant backing underscores the founders' confidence in the potential of early-stage startups to drive technological advancement and create substantial value. Investment Strategy and Focus 🌐 Purple Ventures plans to allocate €20 million to €25 million per company, focusing on startups that demonstrate strong potential for growth and innovation. The fund will primarily invest in companies that are generating initial revenues and are positioned to scale globally, and support startups at a critical stage of their development, providing the necessary resources to help them achieve their full potential. Track Record and Vision 🌟 The Purple Ventures team brings a wealth of experience and a proven track record of successful investments. Their previous investments have spanned various industries and geographies, reflecting their deep understanding of the global startup ecosystem. Jakub Nytra, co-founder of Purple Ventures, stated: “Our goal is to be more than just investors; we want to be partners in the journey of these startups, helping them navigate the challenges and opportunities of the tech landscape.” Join the Innovation Journey 🚀 Filip Řehoř, co-founder of Purple Ventures, added: “We are excited about the possibilities that lie ahead and are eager to support startups that have the potential to change the world.” ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #StartupFunding #TechInnovation #EarlyStageInvesting #SoftwareStartups #DigitalHealth #EnergyTech #CreatorEconomy #Security #PurpleVentures #InvestInTheFuture
-
-
🚀 DTCP Closes $450M Fund for Series B to D Investments in Digitization and Automation🚀 DTCP, an independent investment management firm spun from Deutsche Telekom, has successfully closed its DTCP Growth Equity III Fund, raising a remarkable $450 million! This includes an initial closing of an additional B2B early-stage investment fund. 🌟 Despite a challenging market environment, DTCP's robust proprietary data-driven investment strategy has attracted capital from new and existing institutional investors, pension funds, corporations, and family offices. Deutsche Telekom served as the anchor investor, underscoring the firm's compelling value proposition. 💡 Revolutionizing Investment with DTCP Flightpath 💡 DTCP leverages DTCP Flightpath, a cutting-edge data-driven software that analyzes the financial data of SaaS companies and benchmarks them against peers. This tool provides a unique KPI fingerprint for each firm, offering founders and CEOs invaluable insights into the vitality and future paths of their businesses. Thomas Preuss, Managing Partner at DTCP Growth, emphasized, "The successful closing of GE III is a resounding affirmation of our established and proven data-driven and value-additive investment approach. At DTCP Growth, our role extends beyond mere investment; we are allies and advocates for talented enterprise SaaS teams." 🌍 Strategic Investments in AI and Automation 🌍 The fund has already made four strategic investments in leading AI and automation companies: - Cognigy.AI: A global leader in AI-driven customer experience solutions. - Cohere: A leading platform for Generative AI for businesses. - Quantum-Systems: Specialists in advanced AI multi-sensor unmanned aerial systems. - anecdotes: Leaders in governance, risk management, and compliance solutions. These investments align with DTCP Growth's proven expertise and focus on AI and automation. 💼 Targeting High-Growth Investments💼 The fund aims to make 15 to 20 equity investments, each ranging from $20 to $25 million, targeting early growth or growth-stage businesses typically in Series B to D or late-stage funding rounds. DTCP's predecessor funds, GE I and GE II, have invested approximately $408 million into 33 enterprise software companies across Europe, Israel, the US, and Asia, with 14 companies either acquired or going public, realizing high multiples and returning over 100% of the capital to LPs. ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #InvestmentOpportunity #TechInnovation #VentureCapital #DTCP #Fundraising #AI #Automation #SaaS #GrowthEquity #EnterpriseSoftware #Digitization #B2B #SeriesBtoD #FutureOfTech #TechInvestors
-
-
How do you navigate your life - following your gut or mind?🌟 According to Tim Cook of Apple, you need to follow your gut, at least sometimes...🤞 Thanks to Chris Tottman of Notion Capital for sharing #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #unicorn #secondaries #secondarydeals
When Tim Cook joined Apple, everyone told him, "Don't do it." But his gut said otherwise. He listened to his intuition over the naysayers. The result? He became CEO of a $2.4 trillion company. Tim believes intuition is like a muscle. The biggest challenge? "Learning to listen to it and figuring out how to access it." Even as an engineer and analytical thinker, Tim's most important decisions were based on intuition, not data. "I remember forming my list of pros and cons. And I could not get the chart to work out the way I wanted it to. Nothing financially would support the decision." Trusted friends said: "You're just crazy. You're working for the top PC company in the world. How could you even think of doing this? You've lost your mind." Yet, his intuition said: "Go west, young man. Go west." Sometimes, you just have to go for it. Intuition isn't innate. It's a muscle. The more you flex it, the stronger it grows. The next time your gut is telling you something, take a moment to listen. Agree or disagree? Let me know in the comments 👇
-
🔎Investing in Deep Tech? Not yet...🤦♂️ Check below why you should consider investing in Deep Tech startups and VC funds🤝 💡Hint: Deeptech VCs achieved an IRR of 17% in comparison to traditional Tech VCs IRR of 10%, according to a McKinsey & Company survey of 115 Deeptech VCs and 1,572 traditional Tech VC funds Thanks to Francesco Perticarari for sharing ✅ Looking to invest your capital into #VC funds? 🤝 Need warm #GP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries: https://lnkd.in/gjC_EuTE #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #unicorn #secondaries #secondarydeals
Building Europe's leading Deeptech VC + Community. Sharing live my journey & lessons | Venture Capitalist & Computer Scientist investing in European Deeptech @ pre-seed/seed
🚀 Case closed 🧑⚖️ Deep Tech VC Funds Outperform General Tech Ones 🚀 Did you know that VC funds investing in Deep Tech are delivering an average net IRR that outshines traditional tech funds? 🤯 Here’s the data: 🔹 Deep Tech Funds: 17% weighted net IRR 🔹 Traditional Tech Funds: 10% weighted net IRR Why is this happening? According to a McKinsey & Company study: 1. Front-Loaded Tech Risk: Deep Tech ventures tackle the hardest problems with groundbreaking technologies. Think AI, quantum computing, and advanced robotics. 🌐 2. Longer Horizons: These investments require patience but pay off big time. 🕰️ 3. Strong Moats: Deep Tech startups often have unique IP and less competition, leading to higher valuations. 🏰 The Data Speaks: - Based on 115 Deep Tech-focused funds and 1,572 traditional funds in Europe and North America (2003-2020). - Deep Tech funds have consistently outperformed traditional tech funds since 2003. 📈 What’s the Catch? - Deep Tech requires more capital and longer development times. - But the rewards? Massive! 💰 Europe’s Potential: - Europe hasn’t seen as many Deep Tech-focused funds, but the potential is huge. - Similar regional characteristics and performance benchmarks suggest Europe could match US success. 🌍 So there you go: Investors, it’s time to rethink your strategy. Don’t miss out on the next wave of innovation. Deep Tech is not just the future; it’s the present. 🚀 Let’s dive into Deep Tech and unlock unprecedented returns! 💡 #VentureCapital #DeepTech #Innovation #Investment #TechTrends #FutureTech #Startups #Entrepreneurship #VC --- Feel free to share your thoughts below 👇 💬
-
-
It is great to see your own partners - Jade Advisors and Flashpoint Venture Capital collaborating and supporting each other in building their businesses🤝 ✅ Looking to raise capital for your #fund and increase the international pool of LPs? 🤝Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? ▶ For inquiries and free consultations on how G+QUANT can assist, please contact Jasmina Ibrahimagic at jasmina@gplusquant.com #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #unicorn #secondaries #secondarydeals
Discover how tailored guidance transforms businesses. Igor Bilous of Flashpoint Venture Capital shares his journey with Jade Advisors, from a simple introduction to Peter Jädersten to working together on streamlining the fundraising materials and approach. See how our personalized approach can elevate your business. Watch now! #BusinessTransformation #JadeAdvisors
-
VC Funds with AUM < $250M As an LP, are you investing in Emerging VCs? Are you considering VC funds below $250M in AUM? If not, probably you should...💡 Thanks to James Heath for sharing ✅ Looking to invest your capital into #VC funds? 🤝 Need warm #GP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments (Series A/Series B)? ▶ G+QUANT's link for inquiries: https://lnkd.in/gjC_EuTE #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #unicorn #secondaries #secondarydeals
🚀 "Funds under €250m have gained share. Smaller funds now represent 57.6% of capital raised so far in Europe, compared with 41.6% in 2023" This is a BIG win for smaller funds in a tough fundraising environment "The run rate of activity for European VC fundraising this year implies capital raised will reach €19.1 billion, compared with €22.1 billion in 2023." Supply is reducing. Demand is rising. The pace of technology development is greater than ever. The US is a 2.0x premium to Europe at Seed. Talent is cheaper than in the US and is the same quality. The opportunity is very much there to take advantage of for LPs. LPs who don't back VC vintages in 2024 and 2025 will look back with regret. #venturecapital #VC
-
