DNA Capital

We are an early-stage investor with alternative fund structures for each alternative investor type. 50 million EUR Assets under Management 3,600 million EUR market cap of total portfolio 17,000 employees in the portfolio 13 exits 3 IPOs 5 investments per year on average 500 thousand EUR minimum ticket sizes We add true value in many dimensionsExpertise: We know what we’re talking about because we’ve been there. We have grown and run everything from startups to international corporations on three continents. Access to funding: We help to secure significant follow-on fundings and configure the ideal cap table. Our own follow-on funding strength is supplemented by our proprietary access to globally renowned venture capitalists, growth equity, private equity players, and strategists. For debt funding, we maintain close contacts to venture debt (providers), commercial banks, and alternative lending players that we know will deliver. Network: We have a large network and access to investors, partners, technology providers, regulators, startups, talents and corporates that we are happy to provide to you. Entrepreneurial spirit: We all have one thing in common: a strong and determined entrepreneurial spirit, unconventional thinking, and a passion for innovative ideas that drive business opportunities forward.

We invest in category-leading companies, growing 100% YoY that are raising highly competitive, oversubscribed financing rounds led by top-tier venture capital funds. Trusted Partners to Early-Stage VCs We are an expansion-stage venture capital fund that invests in hypergrowth, breakout companies across the venture ecosystem. We invest in category-leading companies, growing 100% YoY that are raising highly competitive, oversubscribed financing rounds led by top-tier venture capital funds. We partner with seed and early-stage venture capital funds to maximize the upside of their top performing companies by utilizing their pro rata rights (anti-dilution rights). Our venture capital partners share our economics and maintain their influence on the board. Premier Access for LPs Through our co-investment platform, Limited Partners access premier direct investment opportunities. Limited Partners can choose from our diversified portfolio, which is comprised of the best companies from a qualified network of over 100 early-stage venture firms in the United States and abroad.

ISAI gathers more than 300 Tech entrepreneurs who have decided to invest capital and experience to enable the advent of new French Tech champions. Pierre Kosciusko-Morizet (PriceMinister), Geoffroy Roux de Bezieux (Notus Technologies), Ouriel Ohayon (ZenGo), Stéphane Treppoz (Sarenza) and Christophe Raynaud are at the initiative of this project which aims to establish the most useful, performing and benevolent fund an entrepreneur can wish for. Joined by Jean-David Chamboredon, they federated 300 entrepreneurs that were later joined by family offices and institutional investors. ISAI thus has a sufficient investing and refinancing capacity to support the companies it backs over the long run. Some of the entrepreneurs that the first ISAI fund supported then became investors in subsequent funds. In total, more than €20B of revenue and 70,000 jobs have been created by the companies of our investors-entrepreneurs. The ISAI team and the managers of its portfolio companies can rely on this unparalleled collective experience. With over €500M under management, we wish to select original companies managed by outstanding teams. Remarkable, outstanding, that is the meaning of the Japanese word “ISAI”.

By co-investing Mozaic Investors is increasing the chances for each stakeholder to gain from being part of the syndicate. Investors gain by diminishing the high risk related with investing in new ventures and by increasing their portfolio diversity by being exposed to high reward opportunities. Startups gain from the opportunity to raise money in underserved markets where venture capital is limited and in very early stages of the company. They also gain from the vast network of experts and successful entrepreneurs that are part of the syndicate thus increasing the potential on the investment with the smart money. Mozaic is a response to a couple of important problems that the startup ecosystem in Moldova and in the region is facing. The Investors Perspective. Lack of startup investing knowledge: Investors, especially in Eastern Europe, are not used to invest high-risk capital with the awareness that they can lose everything invested and the understanding that they have to keep the founders motivated enough because they are the ones developing the products thus investors should take only a small share of equity. High-risk investing alone: Not having a validation process for the startups usually leads to risky bets that investors take. The limited deals they are exposed to, contribute to decisions when they chose only from what they can evaluate. Not knowing other investors that can share the risk with them decrease the performance of their investments, thus not incentivizing the investors to keep investing. Lack of legal framework: The high cost of legal work regarding an investment makes investors to restraining investing in startups. Unclear rules, unprivileged legislation for investors are not something that an investor can change alone. There should be a common action and suggestions made to the legislative body. Lack of startups deal flow: Diversifying the portfolio require an increasing number of investible startups to choose from. An individual investor has no time and means to know all the startups there are in the ecosystem that are looking for investment thus exposing himself only to the direct approaches. The Startups Perspective. Lack of venture capital: By venture capital we are referring to alternative financing when startups are raising capital from private investors where no other financial institution are ready to finance the initial ideas and startups. Traditional financial institutions usually require more financial data, guarants or other indicators that a newly formed entity simply do not have. Thus founders are unable to support the developing teams and launch the products. A venture capital is not a loan and investors are aware that they can lose it. Also the founders are not tied to reimburse it the in case of failure, thus incentivising more founders to work on more ambition and rewarding projects not putting themself and their families in debt. Founders not owning the company: By investing the most of the money or all the money in the startup traditionally is expected the investor to have the majority of the social capital and voting rights on the matters regarding the activity of the company. This fact is not helping the founder to feel that he is in charge of the company thus he is losing motivation and is not engaged enough to achieve the company’s goal. Lack of smart capital: By accessing the capital from investors, founders also gain the access to investors that are experienced entrepreneurs and connected people that can advice or introduce the founders to potential clients. Ethical money: By promoting the highest standards of ethics throughout the investment cycle, the investors must act with integrity and respect while dealing fairly and objectively with the founders. The ambition is to help early stage companies become industry-defining and sustainable businesses. The Ecosystem Perspective. Not fully functional ecosystem: By covering to a good degree the other components of the startup ecosystem like Infrastructure (coworking, prototyping facilities) and Knowledge (know-how, conferences, events) there is a lack in continuity and sinergy in startup creation process. Not having the Capital and Legal components of the startup ecosystem makes the other components unproductive. Startups looking to other countries or even moving to pursue their goals. High levels of uncertainty: Startup world is known by having a high dose of uncertainty, but by adding to this the fact that founders do not know how they will finance their startups or the next steps in scaling, they have anxieties that keep them from starting in the first place.

Sun Mountain Capital invests across all stages – from early-stage Seed and Series A through expansion stage growth companies. This hybrid approach includes direct equity, private credit, pooled fund programs and customized investment solutions tailored to local economies. The Sun Mountain ApproachUnique vantage points reveal overlooked opportunities in uncrowded geographies: Our multi-faceted approach provides unique perspectives into market inefficiencies and opportunities. We know what to look for, where to look – and how to create value once we find what we’re looking for. We leverage our robust network and deep domain expertise to deploy appropriate resources: Companies require different types of capital throughout their life cycle. From early-stage equity rounds to senior secured loans, our programs and network cover the full spectrum of alternative asset financing. We continue to foster vibrant ecosystems and economies in previously underserved regions: Our fund-of-funds investments help develop a new generation of venture capital fund managers while supporting early-stage companies – achieving regional diversification with new, vibrant economies. Our Mission We strive to unlock meaningful opportunities for entrepreneurs and investors through flexible asset allocation strategies, customized investment programs and an uncompromising commitment to building vibrant venture capital ecosystems within underserved communities. Investment PrinciplesAim to provide competitive & attractive financial returns consistent with benchmarks Enable and support sustainable growth and an inclusive economy Seek opportunities that improve the lives where we live and work Adopt and maintain long-term thinking vs. short-term Invest where we can make a lasting financial and economic impact Take a collaborative approach to build lasting ecosystems with engaged participants Foster entrepreneurship and innovation in all markets we operate in, not just companies we invest in Identify areas where we can add value through our experience, network, and design-focused thinking Deep credit expertise meets equity analysis All members of the Sun Mountain team have deep experience in their respective fields, including equity investing, company management and operations, private credit, structured finance, and more.