The State of European VC Fundraising Out Now! 😍
Learn how the tech reset has impacted fundraising and how the best VCs throughout Europe have adapted their strategies, tactics, and operational guides in response 👀
It’s with great anticipation that we can finally unveil the inaugural State of European VC Fundraising Report 🥳
Drawing from our past 300+ podcast episodes, combined with the most recent market information and Isomer Capital’s vaulted data treasures, we aim to reveal the effects of the tech reset on the European fundraising market. We also explore how top VCs throughout Europe have adapted their strategies, tactics, and operational guides in response.
As a cheap preview, here are a couple of the quotes from the report:
"It's an endurance game. You have to work through the cycles. Venture is not a get rich quick scheme. Maybe you get rich slow, but it takes time to build.”
Schmuel Chafets, Target Global | Episode #85
“At the end of the day people are backing people. And, as emerging managers, it's extra hard because a lot of LPs who say they back emerging managers don't really back until fund three or whatnot.”
Maria Palma, Kindred | Episode #82
"Please do not be generic. LPs are overwhelmed. They hear pitches all the time. This is not an exercise in filling the slide deck. It's like understanding exactly what you're best at and demonstrating it.”
Fred Destin, Stride | Episode #243
"Network yourself through everything that you can because it's all a numbers game; you get 100 no’s for one yes. So go network.”
Tim Draper, Draper Ventures | #104
“Take it from us. You know this is not an easy route. This is not a get rich quick program. This is a very hard program but the rewards are phenomenal going forward. When I say rewards by the way I mean the sense you're doing something good."
Chris Wade, Isomer Capital | Episode #143
”Don't oversell. LPs want to understand the mistakes that you've made as a fund manager."
Jamie Macfarlene, Creator fund | Episode #99
“Even if it's not the best news, communicate about it and tell LPs why you made the decision and what you are thinking. It helps the LP to understand your thinking, your way you approach things and this builds up trust.”
Simon Lohmann, Cavalry | Episode #265
“We didn’t change the deck as consequence of the tech reset, but we changed the narrative that was on top of the deck in LP meetings.”
Daniel Keiper-Knorr, Speedinvest | Episode #299
Finally, we want to give a massive shout-out to the team at Floww whose support and efforts helped make this report possible. Loving and hating the fundraise trail and walking it from both sides of the table, this is a report we’ve been wanting to create and have exist in the European ecosystem for a long time. Thank you Floww for supporting us and the European VC community 🙏
About our partners Floww
Floww has built financial infrastructure to serve and empower scaling companies, funds, innovation centres and financial institutions. Its technology driven solutions with the appropriate regulatory rails are reshaping the private markets landscape.
For the VC user, Floww offers multiple solutions all on one platform so that managing inbound activity, deal process, portfolio and fund monitoring are more streamlined. In addition, Floww has streamlined fund administration – from investment management agreement creation to custody services, regulatory reporting, LP communication, and payment processing. They streamline the entire administrative workflow, offering one comprehensive solution.
A pivotal feature is the introduction of Floww Certificates, globally tradable instruments designed to enhance liquidity and facilitate secondary market transactions. This unlocks opportunities for the development of new fund structures, creating a more attractive asset class with flexible lock-up periods.
Together with strategic partner LSEG, Floww is committed to catalysing transformative change within the industry.
“Venture is desperate to modernise. Fund structures have barely changed in half a century and the private markets need quicker turnover to increase investment, so investors aren’t locked in for long periods. If you solve that equation, you benefit everyone – the VCs, the investors, the innovators that are ready to grow. I do believe we’re at a critical point right now, a point where the technology is there to remove the hurdles that funds typically face in execution and deployment, and to create the liquidity the private markets need to encourage huge swathes of investment.”
Martijn de Wever
Founder & CEO of Floww