Euphemia

We are an early-stage venture capital firm investing in companies that jumpstart new industries in the emerging markets of Europe. Investment thesis Infrastructure for innovation We invest in startups that build the infrastructure for innovation and jumpstart new industries by breaking vicious cycles. The root of all evil Vicious cycles are endemic in emerging ecosystems - they are the byproduct of systemic deficiencies and make it difficult or even impossible for the emerging ecosystem to grow and develop. Example of such a vicious cycle at work in Central and Eastern Europe: the adoption of electric vehicles (EVs) is slowed down by the lack of the charging infrastructure; conversely, the charging infrastructure is not being built because of the lack of the EVs to use it. Because of their systemic origin, breaking such vicious cycles is a capital-intensive and a long-term endeavor - the kind of task a VC fund is both qualified and responsible to assume. On a high note - the root of all evil is where the promise of venture returns lies. A (technological) leap of faith Emerging ecosystems are strong enough to leapfrog existing technologies and adopt the solutions of the future. It happened in the past (see LTE adoption in Africa/India leapfrogging classical landlines) giving birth to a breed of companies that created their own markets. These startups are the backbone of the future ecosystem populated by dependent/client third parties. Opportunities A brave new world B2C - The rising billions In 2000, 6% of the world population was connected to the internet. In 2010, online adoption increased to 23% or 2 billion people connected. In 2020, more than 66% of all people will have online access. That’s an additional 3 billion people that will get access to the internet, raising the total number of connected population to 5.5 billion. B2B - The unicorn of one It is now possible to start a company valued at $1BN from your garage, with no assets and basically no employees. And this company may serve the giants of the corporate world. Fortune 500 companies already acknowledged that innovations come from small companies agile enough to disrupt industries. Today, the business development and strategy VPs turned into innovation scouters actively seeking emerging technologies and valuable teams to acquire or hire. Let’s talk money How we do it Our philosophy Our philosophy is quite straightforward: we invest at the earliest stages in companies whose founders have skin in the game, are coachable and address big markets. If the opportunity is real, we prefer to be the first institutional investor in such startups. Geography Our firm recruits regionally (in CEE) and invests locally (in Romania) to take advantage of country’s great technical talent, low labor costs, low operating costs and high-speed Internet access. Equity Because of our active engagement with our companies, we typically will take a correspondingly substantial equity ownership position (5% to 15%) in our investments and will join as a member of the company’s board of directors (Series A). Accelerator Stage At the Accelerator stage - we invest anywhere between €50,000 and €200,000 in exchange for 5% to 15% common stock. Series A At the Seed stage - our sweet spot is €500,000 but, if the opportunity is real, we can invest up to €4,500,000 in one company. Timing We are fast to say NO – won’t waste your time. Saying YES takes a bit longer: 4 to 6 weeks on average, but that depends on you too.

ID Ventures supports promising early-stage startups in Michigan with capital and expertise. We are a collaborative investor and provide inclusive access to our resources and network. In addition to capital, our team of experts works with ecosystem partners across our network in order to help our companies prepare for follow-on funding, scale their teams, and develop their boards and advisors. Additionally, our entrepreneurs are joining a family of early-stage companies in which to share, learn, and grow. We provide early-stage investment to promising Michigan-based, high-tech startups, as well as programs that strengthen the startup ecosystem. Since 2009, we have invested in over 200 companies with 14 exits, deployed more than $21 million through multiple funds, and leveraged over $1 billion in additional investment. CRITERIA FOR FUNDING We support companies with high-growth potential that are in the post-idea stage and seeking funding in the Pre-seed to Series A rounds. When considering investment opportunities, we look at a broad range of sectors and startups that meet the following criteria: Key founders and at least one full-time employee in Michigan Minimum Viable Product created Tech-enabled or high-tech component For-profit LLC, C Corp, or S Corp Identified scalable venture path Demonstrated progress against business model INCLUSIVITY MATTERS ID Ventures invests in minority and women led companies at 4x the national average because we see great opportunity in entrepreneurs from all backgrounds. By providing opportunities to underrepresented entrepreneurs, we can ensure representation, respect our state’s diversity, and create a start-up community unlike any other. WHAT TO EXPECT IN OUR FUNDING PROCESSINQUIRY: Fill out our online form to tell us a little about your startup and schedule an introductory phone call. INTERNAL REVIEW: Our team discusses the opportunity and assesses if appropriate to move forward. TEAM MEETING: If continuing the process, we’ll spend time getting to know your company and future plans through a series of virtual or in-person meetings to build a long-term relationship. DILIGENCE: Once both our teams are ready to proceed, we will ask for a set of company materials and references. APPROVAL: Company is reviewed with our investment committee for final approval. DOCUMENTATION: Investment documents are drafted, reviewed, and signed. FUNDING: Funds are disbursed per our agreement with ongoing reporting requirements. WELCOME TO THE FAMILY! Our team provides ongoing resources, support and networking opportunities for continued growth.

We're an early stage venture capital limited partnership championing the next generation of B2B technology startups in Australia and New Zealand. Investing in ambitious founding teams at pre-seed, seed and series A funding. An open letter to startups Hello, it’s nice to meet you. We are Black Nova VC, a team of founders, turned investors. We have successfully built and exited companies and we can empathise with what you’re going through. We get it. We get you. That’s why we believe we can help. We strive to develop long, enduring and strong relationships that last well beyond the exit. We will roll up our sleeves and become an extension of your team in a heartbeat when needed. But we will also give you the time and space to focus on building without getting in your way. We support our portfolio companies with our time, our network, our experiences and our multiple initiatives. Our support is enabled by capital, not the other way around. We are a thematic fund focused on B2B SaaS companies. Our specialisation allows us to go deep in specific areas to the benefit of our portfolio companies. We want our best ambassadors to be our portfolio companies. We understand that investing is a two way street and a strong culture fit and capabilities between a VC and the portfolio company is key to make the relationship successful. That’s why we invest time to get to know each other before deciding to work together. On that note, if you have an idea, a company ready to raise capital or just want to reach out to discuss anything, reach out to hello@blacknova.vc. Onwards and Upwards, The Black Nova VC Team We invest in out of this world founders, building companies in the B2B SaaS technology spaceGetting a foot in the door It all starts with the intro, and honestly, we don’t mind where it comes from. Whether it’s a hot, warm or even cold intro, we look forward to speaking with you. Meet us at events, online or, if you fit the B2B SaaS category and want to chat, you can even send us your pitch deck. It’s great to meet you! From here we take a look at your pitch deck and do some light due diligence to see if the stars align. If you fit the mandate and we think we can help we will set up a pitch meeting. If not we will send you a quick email to let you know that we won’t proceed further and why that is. The Pitch Great! The stars have aligned, next step, you will sit down (in person or virtually) with a member of the Black Nova team to tell us more about your business. Here we will ask questions to deep dive into the company. Part of the meeting is also for you to ask us questions; it’s always a two-way street. The deep dive continues as we conduct further due diligence on you and the business. We most probably need additional meetings at this stage but we always try to find the right balance between getting to know each other but not taking much of your time. At this stage we will ask you to share specific data with us relative to the stage you are at (we really try to keep our data requests to the bare minimum and not divert you from building). If at this point we decide to bow out, we will let you know and offer feedback. Alternatively, once we have finished the due diligence we will discuss the opportunity to partner with you over our Investment Committee. At the investment committee meeting we may invite you to ask our final burning questions and answer any more questions you may have. Decision Time The final stage! We don’t want to keep you waiting so we aim to have a decision for you as quickly as possible. We aim to complete the whole process, from first meeting to money in the bank- in 6-8 weeks max. However, the truth is that sometimes we may need more time than that. This is because ensuring there is a cultural fit is a top priority and this may take time. If we do not go ahead with investment for this round we will be sure to provide feedback and happy to jump on a call to discuss. If it’s a yes… congratulations! We are looking forward to working with you and seeing your business grow. Black Nova Investment ThesisWe invest predominantly in Australian and B2B SaaS companies at the pre-Seed, Seed and Series A stages. We are comfortable investing in pre-revenue businesses We are excited with the opportunity to write the first check for ambitious founders When making our decisions, we weight the following: Team Market Product Defensibility Technology

Empowering visionary entrepreneurs with global ambition and local expertise. At NZVC, we invest in the future by supporting the most ambitious entrepreneurs across ANZ. With deep connections to Silicon Valley and beyond, we offer more than capital - we deliver mentorship, global reach, and long-term partnership. ANZ offers world-class talent, a collaborative startup culture, and a track record of global success stories. It’s where agility meets ambition - and where we see the next generation of global tech leadersWhy ANZ

We invest in women-led companies, who forge new paths and make possible, the impossible. We’re inspired by entrepreneurs that reject the status quo, and who are driven by market traction. We value ingenuity, insight and intelligence. Going from startup to a successful exit takes dedication, engagement, and clear expectations. We accelerate success with resources, values and vision.

We want to build together an innovative, sustainable and inclusive economy through the leverage of private investment conveyed with medium to long term payback prospects. What we believe inWealth can generate more wealth, if invested in responsible entrepreneurs: The accountability of the business that acts in the best interests of all the stakeholders who are drawn to it, develops value over the medium and long terms, and turns out to be a superior investment. Sustainable innovation: We give access to innovative investments that will shape our future economy: we give priority to those who have already embarked on a path of medium-long term economic, social and environmental sustainability, also to reduce risk and acquire greater prospective value Simplicity, Clarity and Transparency: We utilize technology to streamline procedures and provide a seamless, delightful user experience. Even the most complicated documents are made simple to read and comprehend in order to promote wise and informed investment. Through the online platform and special meetings set up by our Investment Managers, all the pertinent information concerning the potential investment is made available. Empowerment and Training: Offering everyone the resources they need to learn about the industry and its quirks will make venture capital investments more accessible. As a result, education is a key pillar for fostering growth in people as well as the ecosystem as a whole. We are a Benefit Company Since its inception, Doorway has decided to be a Benefit Company, that is, a company that places the goals of profit alongside those of value creation and common benefit. How? By conveying venture capital in the service of the birth and development of innovative and sustainable enterprises that can bring positive effects to society. Every day Doorway strives to create real impact by contributing to some of the UN Sustainable Development Goals through its business activities. SDG 4: Quality education - Through the financial education activities carried out during the year and the training initiatives for investors and founders. SDG 5: Gender equality - Doorway promotes the culture of innovation and wants to support successful founders, especially of the female gender, who usually find it more difficult to raise capital. SDG 8: Decent work and economic growth - Through fundraising, Doorway supports those companies that want to grow and expand in Italy and abroad, creating wealth and jobs, especially for young people. Often the investment rounds are used precisely to structure teams and hire new resources. SDG 9: Innovation - Doorway sees the innovation ecosystem as a key driver of economic growth and wants to help it develop in Italy and Europe. We are signatories of the PRI By subscribing to the PRI, the Principles of Responsible Investment, Doorway confirms its ongoing focus on sustainability issues, being part of the international network of more than 4,000 signatory management companies and investors, managing more than $121 trillion in AUM. The initiative, launched in 2006 in New York by the United Nations, aims to establish links between investment and environmental, social and governance (ESG) issues and help signatories include these issues in their investment and shareholding decisions.