Firm Spotlight | Backing āltitude to create better access, earlier.
Venture fund investing is not about 3x. It’s not about 5x. It’s about YOUx.
Venture fund investing is not about 3x.
It’s not about 5x.
It’s about YOUx.
That's why we at eu.vc hunt for the managers that will take us (and you) to the next level.
Three core questions we ask ourselves when picking managers are:
Do they give us deal opportunities we couldn't get anywhere else?
Do they give us access to people that inspire us?
Do they give us insights into tech and markets we care deeply about?
This is what we're looking for. And this is what the angels and families we’re investing with are looking for. If you’ve got it, reach out. If you’re looking for it, ditto.
3x or 5x or whatever's in the pitch deck is all good. But it's hygienic, though in no way something you can take for granted from most funds of course.
In our search for YOUx, there’s one new firm that’s caught our eye, attention & love:
āltitude is a German-based B2B/software first EUR 40M (pre-)seed lead ticket fund closing the SME tech gap through automation and sustainability technologies, focusing on DACH and UK with a unique model to create better access earlier by productizing dealflow via Open Angel, Trojan and Maven.
And they have the track to back it up.
18 investments with more than 10x MOIC
All with more than 100M€ deployed into early-stage startups.
Their angel track alone comprises more than 50 investments, 3-digit blended IRR on a total of 2.1M deployed.
The team has reviewed over 40.000 opportunities and participated in several hundred transactions and will deploy a strategy of being an active first-ticket lead investor with multi-stage follow-on capabilities and bringing experienced hands-on angels and serial founders to each deal.
And running against the current, they’ve innovated on the age-old sourcing model for VC in Europe to bolster their own high-quality first cheque super angel and serial founder-driven deal flow: