Invitro Capital

If you want to build a company with $100M+ revenues – reach out to us! We strive to be the most helpful VC onboard Inovo offers a unique benchmark for world-class startups. We’ve seen many success stories, and we are willing to spend our time helping you figure out things like: How can I scale my business? Which investor should you go to at this round? How fast should my startup grow? What do I need to validate to make the investors in the next round excited? How to set up a company in the US? What does it mean for my culture? What do you need to do operationally to make it happen? How do I build an advisory board? How do I find a good, trusted lawyer and accountant. 👩🏽‍💻 Recruitment We help founders find, evaluate and convince ”A players” to join your startup We have a full-time recruiter working for our portfolio Over 100 candidates have been hired thanks to our introductions and engagement in recruitment processes 💰 Investors Over 70 international co-investors in our portfolio's financing rounds. Over 200 intros handled on behalf of our portfolio companies for follow-on funding. 🤝🏽 Customers Over 30 tech unicorns who we can introduce our companies to Over $2M ARR in contracts based on our introductions 👨🏽‍🎓 Advisors Over 20 world-class advisors work with our portfolio companies to help them grow faster Over half of our portfolio companies work permanently with advisors or angels we have introduces them too We also have partnership programmes for our portfolio companies that can save you $100k+ in different software credits. What do we search for 💰 Investment ticket: €0.5m - €4m This is our first ticket size. We do follow-ons up to €10m for individual portfolio companies, and we can do €100-250k ”discovery tickets” in special cases. 🌱 Stage: ~Seed We invest mainly at the Seed stage (occasionally earlier or later). Our ticket allows us to make some Pre-Seed and Series A investments too. 🌍 Geo: CEE + diaspora We have a GEO focus, invest in startups all over Central and Eastern Europe, and founders from this region who are building startups anywhere in the world. The CEE region includes the following countries: Ukraine, Poland, Romania, Czech Republic, Hungary, Serbia, Bulgaria, Slovakia, Croatia, Bosnia and Herzegovina, Albania, Lithuania, North Macedonia, Slovenia, Latvia, Kosovo, Estonia, Montenegro. ⚙ Industry: Multi-vertical We aren’t limited to a single sector or business model. However, we are strong in certain areas like: Developer Tools (Maciej), AI/Machine learning (Maciej), Data Science (Karol), Healthcare (Michal), SaaS enabled marketplaces (Michal), B2C and B2B2C (Michal), B2B Enterprise (Tomasz) 💙 What makes us excited YOU:-) We are excited by ambitious founders, large markets, and products that clients love and are just 10x better than anything else on the market. Our Values Founders First We put our founders & companies ahead of ourselves. When we have a decision to make we will act in the best interest of the Founders. Go Big or Fail Forward We aim high and do not compromise for less. We prefer ambitious projects with 100x return potential that have a risk of failure rather than 2-3x “certain return” projects. Commit & Deliver Results If you commit to a task or a project, deliver with high quality results. This value is about putting focus on “delivering results”. It’s not about checklist of tasks that you have to do, but doing your best to achieve the goals - often in a non-standard way. Data Beats Opinion Our decisions are driven by the numbers and data. When we have a decision to make we will look at the market data, benchmarks, and historical data to choose the right thing.

The best results come from the powerful combination of financial capital and human capital. We see potential in people and teams. We engage with them so we can get to know them, and then we build them up to make the biggest impact. Our OA Collaborative of seasoned professionals and successful entrepreneurs gives portfolio management teams access to diverse experiences and insights. INVESTMENT FOCUSHEALTHCARE Technology-based and services businesses, with an emphasis on addressing cost containment or supporting aging in place. Reducing costs in the system Improving the patient experience Delivering better patient care Innovating with technology Aging gracefully in the home ENTERPRISE TECHNOLOGY Select platforms with a unique and value-added technology offering, deep customer relationships, high switching costs, and a scalable business model. B2B platforms Attractive growth profile Scalable technology Potential healthcare applications INVESTMENT CRITERIAINVESTMENT PARAMETERS:Transaction Types Growth equity Minority positions COMPANY ATTRIBUTES:$3-$20 million in revenue High growth Strong and enduring gross margins Capital efficient Highly scalable model Experienced management team open to active investors

We help entrepreneurs succeed. It has been our mission from day one. We challenge existing paradigms of how things are done in the normal VC world. Our experience of actually being in the thick of the action day in, day out with Founders and their companies, actively pushing them towards their end game - wherever it might be - has taught us it pays off. To be active. To be present. To be hands on. To apply everything we know in every interaction, every task. Whatever it takes. We believe in People. Great people. They have been the center of attention since we started investing intensively in 2018. We invest in people in everything we do: in problems affecting potentially millions of people on a global scale, in deeply committed and talented founder teams, and in the strength, experience and know-how of our team and its ability to help our founders and portfolio companies succeed on their journeys. It’s all about People We partner with the most talented entrepreneurs – bringing to the table industry know-how, relentless dedication and money to move startups fast forward. What we look for We back start-ups and founder teams when we’re sure that our operational skillset, experience, and network will bring an original vision to life. From pre-seed to venture to expansive growth with best-in-class founders at every stage of the journey. While we like to keep an open mind, and only invest in companies that improve people and businesses’ everyday lives, we don’t want to invest our time (or money) in companies working within industries or sectors, which we consider bad for people. Our industry focus may change from time to time depending on emerging macro-economic, socio-economic, and technological trends. But based on a combination of our experiences, current capabilities, and interesting megatrends we see in the market, we focus our investments within technology-driven companies and with a soft focus on Digital health and SaaS products. What do you invest in? We invest in people in everything that we do: In real life challenges affecting potentially millions of people and businesses on a global scale and in deeply committed and talented founder teams of people uniquely qualified and motivated to grasp the problem and build tomorrows most powerful solutions. Tech companies, with software driven business-models. At our core we remain agnostic of what industries, we could potentially make investments in. Having said that there will be industries, where we will not be investing. While we like to keep an open mind, we also see the value in focusing our attention on a few, more specific industries. We are currently focused on digital health and enterprise software (B2B SaaS).

Andra’s team has helped accelerate the technological evolution of the world we live in by investing in the future. We support the growth of some of the most promising global companies to shape a brighter future. 30+ years of Silicon Valley technology investments and operational leadership experience* $100B+ Andra’s investments in technology and enterprise software companies representing $100B+ in value 140+ transactions with technology industry leaders* *Figures reflect years of industry experience and transactions for Partners at prior firms. Investors, Technologists, Operators, Entrepreneurs Our team brings deep domain expertise, extensive operational experience, decades of investment experience, financial markets sophistication, and a strong network of relationships The Andra AdvantageSeasoned Silicon Valley Investors: 30+ years of experience investing in technology companies across multiple stages of a company's lifecycle Operational Experience: 20+ years of experience founding and scaling technology unicorns and driving companies to exits Strategic Ecosystem: Global investor network that helps portfolio companies fuel growth through strategic partnerships Track Record: Proven track record of deal execution, value creation and investment expertise Investment Philosophy We strive to achieve superior and consistent returns by funding exceptional companies identified through our five core investment principles: Execute our powerful and unique investment thesis and process for each fund strategy that allows us to effectively identify and evaluate investment targets Select disruptive companies with enduring technology moats and strong business models that can scale efficiently irrespective of macroeconomic cycles Maintain valuation discipline, investing at levels that fit our risk parameters and returns profile Perform strong fundamental research bottom up research and documentation of every investment using our proprietary methodology Employ a portfolio approach to mitigate risk through sector and time diversification Investment StrategiesLate Stage Open-end fund focused on leading, pre-IPO technology companies with an exit horizon of 2-3 years. Target Company CharacteristicsTechnology category leaders in large and fast-growing markets Sustainable and scalable unit economics with a clear path to profitability Seeking capital to fuel growth and establish market dominance prior to an exit event Technologically differentiated business models that can create defensible moats Growth-Stage Closed-end fund focused on leading, disruptive, fast-growing private technology companies with an exit horizon of 5-8 years. Target Company CharacteristicsEmerging technology leaders in large markets ripe for disruption Proven product-market fit with scalable and viable unit economics Entering the hyper-growth phase of scaling their business Technologically differentiated business models that can create defensible moats Target VerticalsArtificial intelligence Data and analytics Cloud infrastructure Networking Cybersecurity FinTech Consumer Software B2B and B2C marketplaces Digital health

Our goal is to contribute to the development of a free democratic society, based on equality, freedom and universal welfare. PEV in numbers$300M+ Assets under Management 50+ Years of experience in venture capital $2000M+ Funds raised by PEV portfolio companies 2500+ Jobs created by PEV portfolio companies Investment strategyLead or Co-Investor Role: Target investments approx. 5M – 10M USD per company with board representation Investment Stages: Seed to Series C Target Sectors: Artificial Intelligence, Big Data, Cybersecurity, Health Tech B2B Software: We focus on SaaS or quasi SaaS software services and products Geographical Focus: 50% Israel, 25% Europe, and 25% USA Investment ThemeCyber Security Big Data Artificial Intelligence Health Tech

PalasTree is a team of determined, and independent thinkers driven by intellect, creativity and passion. Our diverse, experienced and passionate team is our biggest strength. We are a small, diverse team with a laser focus on a select number of companies. We are always mindful of the eternal truths we have learned, both the easy and the hard ones. Our advantage stems from the strong network we have built over five decades of legendary founders helping each other. About us Our team is made up of hungry overachievers with a deep-rooted need to win, just like the founders we partner with. We all come from humble backgrounds, and many of us have founded or built our own companies. We all share the mindset of an entrepreneur and know what it means to walk this incredible entrepreneurial journey. We value our work, partners, founders, colleagues, and our entire network of well-wishers. We believe in building long-lasting relationships, and we avoid using terms like “deal” or “exit.” While we are sometimes called investors, we prefer to think of ourselves as builders of ecosystems. We believe that by creating synergistic partnerships over time, we can all achieve more together. Our beliefs are rooted in steady growth, and we are always willing to go the extra mile to provide an exciting and successful journey for our partners at PalasTree. Over the years, we have partnered with a few non-profits, and supporting these charities helps us stay grounded, grateful, and gives our work intense meaning. What We Do Our perception of a company is not just the idea, but a combination of the product or service, the people involved, the market processes, and the economic or financial impact. We understand that initial crucial decisions can have an exponential influence on the curve of success, so please reach out to us directly for an open and frank discussion. We are an entrepreneur’s most valuable and dependable partners. We support founding teams in areas such as fundraising, scaling high-growth companies, and international expansion. Our core team has hands-on experience in building, managing, developing, and retaining teams. We connect investors with the best early-stage companies that have the potential to create long-term value. Our experience has allowed us to identify the most profitable path forward for our portfolio companies. We build high-performing teams and create a positive and encouraging culture across our portfolio. StrengthsPartnership through openness and candor. Engage, support, and grow with entrepreneurs Filter and Cherry-pick portfolio companies Work flexible structures to fit the needs of both the investors and the founders Industry Focus AreasB2B/B2C SaaS based products and/or services Fintech solutions or services Healthcare Industry specially focusing on Digital Health products/services Software Infrastructure Innovative manufacturing industry products, solutions and services Ethical AI products and services