Mistral

We’re an early stage venture capital fund partnering with founders at Seed, Series A and Series B stage. Across Europe and the US. Since 1996, we’ve made over 175 investments, raised over $1.7 billion, and survived two financial crises unscathed. We’ve learned to trust our instincts through all of the ups and downs. Because of this, things that are typically important to VCs, aren’t as important to us. We’re happier operating on principles rather than an overriding investment thesis. And we always stand behind the entrepreneurs we work with, so you can earn your own success. We invest earlySeed: For your first round. If you have a huge idea and the hunger to make it happen, we’ll help you understand what else you need to make it real. Series A & B: These investments are typically between $1 – 25 million. You’ll have assembled a strong founding team. You’ll have a product targeting a significant market opportunity, and you’ll be ready to prove it. Or you’re ready to scale globally. Special Cases: We traditionally operate early, but are occasionally open to participating in later funding rounds. We never say never. A partner as determined as you are You want to redefine the category, be the category leader. We are as determined. Decades of investment and operational experience. An international network of backers and founders. A perspective shaped by lives as entrepreneurs. Still, the value of Northzone remains the same. We hold an unwavering commitment to the people we partner with. We’ll always be there when you need us. No ifs, no buts. Dedicated to entrepreneurs We’re both on the same side. You have a business to run, and we have a business to run. So we’ll keep things straight. We’ll never tiptoe around subjects, just as we won’t bullshit just to get you on side. We want the same from you in return. Aim for the upsides: We have to be optimists. As you drive your business forward, we’ll help you prep for the biggest possible outcomes. Zero added sugar: We appreciate candour and self-awareness. You can handle it when we give you the truth, even when it’s not pretty. Shit happens. That's life: Mistakes and failures don’t faze us, and they won’t faze you either. Let’s fail fast, learn, and move on. A refreshing view on venture capitalIgnore the $100k MRR bar: It’s the one KPI we really don’t care about. You can be more than ready for Series A without it. No pressure on the preference stack: If you convince us that you’re going to make it, we’ll let you say where we sit in the stack. We follow your lead: Lead, co-lead or stay stealth – whatever the round, it’s always your call. Fair ownership targets: No two companies are the same. When a 20% stake feels like too much to give away, we’ll still be interested. Diversity isn’t optional: And, for us and for you, building a team with diverse perspectives and backgrounds is core to making business models future proof.

Alluvium Capital is a venture firm that backs, builds and invests in founders and talented teams at early-stage startups. We are here for the dreamers and the doers. Let’s be disruptive. Let’s make an impact.

We are firmly committed to living and working by these core values: Honesty: We are honest and transparent, informing each other, as well as our portfolio founders, exactly what we think about work and execution. We provide candid feedback in realtime, and we're straight-talkers. Kindness: We always try to remember that we can never know everything happening in someone's life, and try to approach every difficult situation with empathy and understanding. Ambition: In just three years, we have built the most active pre-seed and seed-stage VC fund in Sweden. Now we look across the world to find the technologies and business models of the future, backing the best founders in the Nordic region. Helpfulness: We endeavor to be as helpful as possible to every entrepreneur we meet, whether or not we ultimately invest in their startup. We also try to work with other investors to help them find relevant deals. We invest in founders who live and work by these values: Relentlessness: You have identified a problem to solve and you are absolutely obsessed with developing the solution. You will stop at nothing to solve problems for your customers, and inspire your team to act similarly. Resourcefulness: You leverage all of the tools, opportunities and advice at your disposal. You will always find a way to get the resource you need, even if it seems out of reach. Your hustle is your primary door-opener. Transparency: You never hide from bad news, always keeping your team and stakeholders informed of both your successes and your struggles. You never allow people to operate in silos, championing collaboration. Compassion: You are able to show empathy towards everyone in your organization, even through turbulent times. You never make disagreements personal, and prioritize the wellbeing of the people you work with.

Demium was born in Valencia in 2013 with the spirit of a startup, since then we have been growing and increasing our presence in cities like Madrid, Barcelona, and Malaga; and crossing our borders to Portugal, Poland, Ukraine, and the Czech Republic. Since 2020 Demium Capital is investing in our best startups. We launched our first €50M investment fund, with which we have exceeded our expectations, becoming the most active Venture Capital in Southern Europe in terms of the number of investments. We have the spirit of the incubator that was born 9 years ago in Valencia together with the stability that our new positioning as venture capital gives us.

We are long-term investors, backing founders at inception and continuing to invest until IPO. We have a single mandate - to help fledgling companies navigate the challenges of building generational businesses.