NGP Capital

We're looking for the rebels. We invest in the underdogs. The contrarians. The resilient. We want to write the untold stories that rewire prevailing ways of thinking and doing. We’re a VC firm that helps build, not bet on, companies transforming massive industries. We started from an MIT dorm room during the Great Recession and spent the last decade helping build industry-leading companies, often bringing them their biggest, million-dollar customers. Everyone told us we were crazy when we got started. Now we have offices in Boston, San Francisco, and London. We like defying the crowd, following our instincts, and proving them wrong. We love if you do too. We admire people who think really big. Those who want to craft legendary, contrarian companies worth $5B or more. Those who have an irrational belief in your vision. We are very patient and have both youth and experience on our side, and we are hungry to build. We lead Seed, Series A, and early Series B rounds. We prefer B2B companies tackling large traditional industries and/or commercializing research from top-tier groups. We are generalist, but themes that excite us include: human-machine convergence (augmentation and automation) consumer-enterprise interface (digitalization of the consumer experience) enterprise agility (‘real-time’ actionable insights from novel data sources) new industrial revolution (use of sensors and software in industry) security of all data (more digitalization, more security problems) software eating healthcare (making delivery more accurate, efficient, efficacious) generation Z (the future) How much are you looking to raise?$0 - 3M (Pre-Seed / Seed): We write small checks into multiple companies at the Seed stage. Our goal is to work closely with you to determine whether we should continue our investment at the Series A. Historically, we have achieved a 2:1 ratio in terms of Seed investments to Series A follow-on rounds. $3 - 10M (Series A): We lead $3-10M rounds at the Series A stage. Our core investments are either follow-on investments from companies we’ve seeded or first checks into new additions to our portfolio. As the lead institutional investor in your company, we will work closely with your executive team and board and serve as a true partner in your growth. $10 - 20M (Series B): We lead $10-20M rounds at the Series B stage. A portion of these investments will be follow-ons from our Series A companies, but many will be new additions to our portfolio. We partner with entrepreneurs who are uninterested in raising artificially inflated rounds and who seek active partners to help hire executives, build boards, and optimize growth strategy. How we help We don’t bet. We build – and that starts from our first interaction with each entrepreneur. We work tirelessly to add value to the companies in our portfolio, and we base that strategy around four core pillars. Customer Acquisition: We help you kick down doors, secure early pilots, and win contracts with key customers. Building Go-to-Market Teams: We work closely with you to find and win the best talent for your most critical roles. Fundraising Strategies: We guide you as you prepare and pursue additional capital to build and grow. Board-Level Strategy: We support you in making decisions as an experienced voice at the table, and we bring in other players who can add outsized value.

F2 Venture Capital is a Tel Aviv-based VC firm that invests in early-stage technology companies on the cutting edge. Our team members have been investors, operators, and engineers in startups and multinational giants that changed the game over the last twenty years. With $500 million assets under management, F2 powers visionary founders on their bold missions with personalized support. F2 also operates The Junction, Israel's most active pre-seed investment platform, to back founders with guidance, network, and capital from day zero. What does F2 stand for? F2 stands for “Power to Founders”. Our team is here to augment and support your team with the guidance, network and capital to hit your milestones and realize your vision. What are our core values? Our core values are trust, boldness and efficiency. All of our team members share these values that are inspired by the values that Israel’s special forces use to accomplish daring missions against all odds. When was F2 established? We launched our first fund in 2017. Our founders spun out of Genesis Partners, one of Israel’s most established and respected VC funds over the last 25 years. We are currently investing out of our second fund raised in 2019. Which notable companies have we backed? Our partners have previously backed Bizzabo, Click Software (Acquired by Salesforce), Crossrider (FTSE IPO), eToro, FundTech (NASDAQ IPO), Innovid, Kidaro (Acquired by Microsoft), Monday.com, Neebula (Acquired by ServiceNow), ObserveIT (Acquired by Proofpoint), Optimove, PrimeSense (Acquired by Apple), R2Net (Acquired by Signet) and Simplex, among many others from seed stage to exit. Who backs F2? We are backed by institutions and family offices on every continent except Antarctica. Many of our investors are successful founders themselves and routinely help our portfolio companies with advice and support on the ground. F2 is also supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments. Where do we focus? We back deep technology companies at the junction of Big Data, Artificial Intelligence and Connectivity. These are B2B or B2B2C enterprise software companies with R&D in Israel. Do we focus on particular industries? We believe technology will disrupt every market, so our approach is industry agnostic. We back companies in cyber security, digital health, financial services, HR, insurance, media, real estate, retail and software infrastructure, among other areas. We do not invest in hardware or biotech. At which stage do we invest? It is never too early to get in touch with our team. We love sharing ideas and tailor our approach to support founders at the concept, pre-seed and seed stages. How much do we invest? F2 typically leads seed rounds with checks of up to $4M. We reserve additional funds for follow on rounds in high growth companies. What do we look for in a startup? In order to take our investment decisions, we evaluate the team, market, value proposition, technology and commercial validation. The team is by far the most important factor for us. What do we look for in the team? We are looking for authentic entrepreneurs – women and men who could not imagine doing anything except their venture and have a large vision for their company. Founders should also complement each other in terms of technical and commercial skills. We also love to back “first timers”. What do we look for in the market? We are interested in game changing startups targeting large, existing markets like financial services and healthcare, or small but rapidly growing markets like artificial intelligence. What do we mean by value proposition? We are looking for compelling concepts with a clear business model and a unique approach to solving big problems. Timing is also critical; we ask, “why now?" What do we mean by technology? We look for startups whose technology can provide a moat or barrier to entry for competition and support a great product and user experience. What do we mean by commercial traction? We look for evidence of product-market fit. At the early stage, this usually comes in the form a small but passionate set of customers who view your service as “mission critical”. What is our investment process? Our investment process generally follows five steps: First meeting with our team. In advance of our first meeting, we will review any materials you want to share. This will help us ask the right questions to ensure there is a fit. Our first meeting (or call) will be 45 minutes to cover the basics and feedback. Follow up meetings with our team. Most of our “passes” happen after the first meeting. Follow up meetings mean we are genuinely interested in your startup and want to learn more. You will meet additional team members to address questions and concerns. It’s also our chance to share more about F2 and how we can help. Meetings with outside experts. Over the last 25 years, we have had the privilege to work with founders across every sector. We will match you with domain experts from our network who help us to build conviction and respond efficiently. Meeting with our Investment Committee. Our general partners comprise the investment committee of the fund. We meet every Monday and will invite you back to share the entire story and address the questions that arise in our process. Final Decision. We take all investment decisions as a team by unanimous vote of the general partners. Our goal is to give you a final decision within 24 hours following the meeting with our Investment Committee. How long does our process take? While we follow the same steps for every company, the timing of our process varies based on the investment criteria and our level of conviction. It can range from two weeks to two months but generally we strive to complete a thorough process as fast as possible. Is there a fast track? The Junction is our fast track to investment. The program is designed for strong founding teams that are still developing one of or more parts of their business plan. We can move as fast as one week to provide pre-seed funding in these situations. Does F2 only back companies from The Junction? No. F2 invests in the seed stage in companies from The Junction as well as directly into companies that do not start at The Junction. We harness the network of founders and partners around The Junction to support all of our companies. What is The Junction? Established in 2011 at Genesis Partners, The Junction is our pre-seed investment program to help founders achieve technological, product and business targets in an accelerated time frame. What are some notable companies from The Junction? The Junction has launched more than 200 companies including AppsFlyer, HoneyBook, Simplee, ClarityRay, HouseParty, CyberX, Mobilize and many others that have raised close to $1 billion from top VC funds and realized multiple exits to tech giants. What value does The Junction provide? Over a 6 month period, startups in the program receive tailor made support in strategy development, positioning, sales & marketing and recruitment, among other critical areas. The Junction provides 5 layers of support to founders: Guidance. Expert guidance from investors, alumni and industry experts. Network. Access to multinational partners for commercial pilots and investment. Capital. Pre-seed funding from F2 on founder-friendly terms. Operations. Support in positioning, business development and HR from industry experts. Perks. Free workspace, credits and discounts for cloud hosting and additional services. What are the terms of the program? The terms of the program are simple. F2 invests on a SAFE (Simple Agreement for Future Equity) that converts into your seed round at a discount with no cap on the valuation. In addition, F2 has the right to participate in your seed round, on the terms of the round. How do you apply to The Junction? Contact us with your background and vision and we will follow up with you within 48 hours. If your focus fits our areas of focus, we will invite you for a meeting and give you a decision within 7 to 14 days. Does F2 continue to invest in companies from The Junction? Yes. We can lead or join the seed investment round in companies from The Junction. In fact, this is why we run the program – to get to know you, add value and give you the opportunity to get to know us – to build a strong and successful partnership with you for the long term. How much do we invest in a company? F2 typically leads seed rounds with checks of up to $4M. We reserve additional funds for follow on rounds in high growth companies. Will F2 join a round with another VC? Yes. We often partner with other top funds, multinationals and strategic angels from our network and yours to build the best possible team and support your growth. What makes F2 different? F2 is a specialized fund with a clear mandate to back seed stage, deep technology companies in Israel. We are totally aligned to help you reach your milestones and bring additional top global funds for your round. In addition to our team of investment and HR professionals and portfolio companies, The Junction community with hundreds of founders and partners pay it forward to support you with collective wisdom and partnership. How do you support your companies? The companies we have previously backed have raised billions of dollars in follow-on capital. We leverage our experience and relationships – built over decades – to help you build the right pitch and connect with your ideal partner. As market conditions shift and Series A pools shrink, this kind of resource becomes a serious advantage to our founders. Will F2 support you in future rounds? On day one we set milestones together and help you achieve them. We want to be your first call when you hit an obstacle so there are no surprises, and we continue to invest in your Series A round and beyond as you execute on plan or pivot with the market. How does F2 help you with HR? Our Head of People is dedicated to help you connect and screen top talent to build your team. As a trained psychologist, she also coaches our founders through inevitable tensions and challenges in order to perform at your best, as individuals and as a team. Does F2 take board seats? F2 takes a board seat in companies when we invest at the seed stage and are most active helping you build your company in the first years. Outside of the board, we prefer to meet one-on-one to help you navigate challenges and opportunities on your growth trajectory.

After managing two successful funds, we now present YourNest Innovative Products VC Fund III. Focused on disruptive technologies to enhance the way mankind leverages the value of time, this US$ 75 mn fund will invest in startup founders across a spectrum of DeepTech domains: AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud and other Digital products. As always, our intent is to create an opportunity for Indian entrepreneurs to scale into global markets with IP-led innovations: many of our portfolio companies in YourNest VC Fund II have secured patents and attracted customers in international markets. As a pioneering, pre-Series A, early-stage venture capital fund established in 2011 to support audacious startups building life-changing businesses, YourNest strongly believes in the human capability and works with the dictum of ‘what is impossible today is routine tomorrow’. We believe, too, that we are Challengineers: a team that actively pushes boundaries and engineers outcomes, standing shoulder to shoulder with our founders and supporting them with ‘Nurture Capital’. With an established network of professionals, innovators, business leaders, advisors and mentors, we offer the most enabling eco-system for any startup whose business is validated by customers. Our team prides itself on identifying committed entrepreneurs with the highest level of integrity, enabling their business ambitions and helping them to scale for international markets. In 2020, we launched our fast-track funding program SOAR which invested in five startups. The year also saw us exiting Uniphore and SmartQ from our first fund – YourNest Angel Fund – with a 0.7x DPI. Between the two funds, we are confident of multiple exits to deliver significant returns to our investors in the foreseeable future. Investment Thesis With the rise of entrepreneurs and the growth of startups in the past few years, we believe there are critical sectors, rooted in technology, that will fuel the next level of disruption in the coming decade. YourNest Innovative Products Fund-III will primarily seek to invest in enterprise-oriented, innovative, IP-led, tech-product startups. Its mission is to select products that are built around emerging technologies and have applications at scale. These product companies could be in sectors including Mobile Internet, Cloud Technology, Automation of Knowledge Work, Low-code or No-code Platforms, AI-based Cybersecurity, IOT, Edge Computing, Digital Twinning, Autonomous Technologies, Robotics, Electronic System Design & Manufacturing (ESDM). The focus of the Fund will be to invest in unlisted companies. The investment may start at an early seed stage and continue investing in promising companies at various stages of their growth. One or more rounds are likely to be made with co-investment from other investor(s) who may be an individual or an institution or an AIF or international investor such that the risk and reward of the portfolio company’s success is shared. ESG Policy Statement The YourNest Capital Advisors Pvt Ltd. i.e. Investment Manager (“IM”) of the Fund, commits to being a responsible investor, considering environmental, social and governance issues across all its investments. The IM is committed to comply with its ESG policy, applicable laws of the land and to be responsive to existing and emerging ESG concerns. We adhere to our responsibility to people and the planet while setting the stage for long-term success. Through ESG integration in our investment approach, we will endeavour to maximise business and investment opportunities. ESG integration will enable us to grow and improve the companies in which we invest, for long-term value generation opportunities for the benefit of all stakeholders. At the same time, we believe that ESG integration will help mitigate any liability, credit, market or reputation risks emanating from such issues. Nurture Capital Philosophy YourNest is a sharply focused early-stage DeepTech VC fund from India. The first fund established in 2012, raised US$ 14 mn and has several companies in the portfolio that have had multiple up-rounds and are on their way to a 4X+ return. Having completely invested its first two funds, YourNest is currently raising its third fund of US$ 75 mn to invest in Indian start-ups with a focus on DeepTech domains like AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud and other Digital products. The YourNest team combines what may well be India’s widest access to prospective investees along with a rigorously prudent selection process that enables us to stay true to our investment thesis of nurturing high-potential entrepreneurs. In addition, we give our investors transparent access and exposure to high-growth, under-the-radar tech start-ups in India. In a country where entrepreneurship is encouraged but comes with its own challenges, the Indian DeepTech eco-system is rapidly evolving. As local Fund Managers, the YourNest team of experienced partners operates as unified enablers who have become adept at spotting emerging enterprises, nurturing and guiding them up the ladder of success. With a leadership coach as a founding partner, other partners bring complementary skillsets that including M&A, Financial Governance & Restructuring, Executive Development, Deal Flow Management, Building Intellectual Property and Global Scale. Brand building, Marketing and HR Practices are other competencies which have been added via the Venture Partners and Entrepreneur-in-Residence and are available to the portfolio companies. Our portfolio companies benefit from:‘Nurture Capital’ rather than plain ‘Venture Capital’. Our ability to mentor and coach entrepreneurs of investee companies. Our advisory expertise in key entrepreneurial matters: strategy, compliance, legal, HR, secretarial, talent sourcing, etc. Our network of corporates and individuals who can collectively multiply advantage for our investees.

Cocoon Capital is a leading, early-stage venture capital firm investing in Southeast Asian enterprise and deep tech startups. We engage deeply with our portfolio companies, acting as trusted advisors. We strive to give founders the necessary resources to accelerate their businesses and personal growth in a holistic environment. How do we work with you? As an active, early-stage investor, we allocate substantial time to each new company post-investment by only doing 6 new deals each year. We act as your trusted advisors supporting you in all aspects of running a business. To help you grow, we put special emphasis on your and your co-founders’ personal development. We enjoy that you are proactive and clearly state what you need from us; in return we will work relentlessly to deliver. We always seek to build long-term partnerships so that we can support you in both good and bad times. How do we source deals? Always on the lookout for the best founders in Southeast Asia, you can find us at events, conferences, demo days and at our monthly mentoring sessions that we do around Southeast Asia. We look for resilient and focused founders who are not afraid to fail forward. Our own founding experience has taught us that a seed-stage startup is a work in progress, so we are more interested in where you are going than where you are at right now. What are we looking for?Strong teams: The best teams have the right mix of deep knowledge & the ability to hustle their way through.And they enjoy working together, understand that success takes time, and can manage risk and stress. Real commitment: We are relaxed and informal but we can also be pretty straight shooters if required. As hands-on investors, we enjoy working committed teams who are ready to listen, learn and test. Exit potential: We generally invest in companies where we believe an exit could happen in 6 to 8 years. This means your market size has to be large enough and that there has to be potential buyers of your business. Scalability: Whether a copycat or an original idea, your business needs to be scalable in a sufficiently large market and be able to reach critical mass within the next 5 years. Enterprise focus: We believe investors do a better job if they stay focused. Therefore, we primarily target enterprise & deep tech companies. We believe these verticals have the largest chance of success in the current market environment. Singapore holding: While we invest in startups across Southeast Asia, companies have to agree to incorporating a holding company in Singapore before we close the deal. How does it work?Apply: We only consider applicants that have gone through our online registration system. Investment amount: We typically invest from S$500k to S$1m, depending on how much your company needs for an 18-month runway. Time frame: If your pitch deck interests us, you’ll be contacted for a follow-up meeting. We will then do due diligence on all the information provided and if everything goes well, we will sign a term sheet. The process then typically takes 8 to 10 weeks until the investment is completed. Keeping it confidential: We commit to keeping your application and all information shared with us confidential. However, we only sign non-disclosure terms as part of our term sheet and will not sign a separate NDA (Non-disclosure agreement) prior to that. This is standard practice across most institutional investors. What are the terms? Ownership stake: We don’t have any strict ownership requirements but we usually target to own more than 20% of the business after the first round of investment. Leading the round: We invest in a limited number of start-ups each year with a high degree of involvement in leading and coaching the teams. We therefore prefer to lead the seed rounds we participate in. Board seat: We always require at least one board seat for all our seed investments. However, we still find that most of our work with our portfolio companies happens outside the board room.

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

We rethink venture and provide entrepreneurs with an unfair advantage to accelerate success while helping enterprises digitally transform. Why Rethink Venture: Capital is not enough Capital is the cost of entry for an entrepreneur, but it isn’t a magic solution. Building technology companies to real market success is an exciting, but volatile process. Too often, entrepreneurs face limited reach to end customers and lack access to deep research capabilities and specialized talent. These are challenges that capital alone can’t solve. Team8’s model was built around the belief that we could improve the odds for entrepreneurs but also develop the right solutions for enterprises. Who we are: Our team is your team We are more than investors. We are company builders invested in your success. We believe in domain expertise and are specialists in cybersecurity, data and fintech. We are former CEOs, serial entrepreneurs and investors, as well as former intelligence leaders, researchers, technologists, ideators and marketers. We’ve created a culture and model that is open, collaborative, multidisciplinary and creative. One that leverages our diverse perspectives and our strategic focus on specific domain expertise. How we do it: A collaborative model Our model identifies and solves enterprise problems through a disciplined de-risking process. We partner with entrepreneurs to co-found new companies through our foundry vehicles or invest in entrepreneurs already on their way through our investment arm. Leveraging our Village of industry, government and academic leaders, our model enables us to surface enterprise challenges, ideate solutions, and build or invest in companies to drive enterprise innovation and accelerate growth.