Samaipata

Breega is one of the fastest growing VC funds in Europe with more than €500M AUM. We built Breega to provide founders with the help we wish we’d had. Breega propels pioneering and purpose-driven founders from idea into impact. We closed our first fund in 2015 and now have €500m AUM and 70 trailblazing portfolio companies. Crafted for founders by founders, we built Breega to provide start-ups with the help we wish we'd had. And we’ve created an investment proposition that’s purposefully designed. We call it full stack funding: providing capital and connections, expertise and experience, support and solidarity for entrepreneurs at every step of their journey. We invest across Europe through our 3 offices in Paris, London and Barcelona, focusing on pre-seed to Series B stage. We believe in a future where tech entrepreneurship has catalysed universal prosperity – so we decided to build a different kind of VC. Build by Founders. As entrepreneurs ourselves, we’ve been through the highs and lows of founding, failing, fundraising and flourishing. We built Breega to provide founders with the help we wish we’d had. For Founders. We wanted to “Bridge the Equity and Experience Gap” (hence the name Breega) – and fulfill the lack of operational expertise we saw in VC at that time. Breega began investing in 2015. We now have 70+ trailblazing startups in our portfolio. Our purpose today. To propel pioneering and purpose-driven founders from idea to impact.

Frontier Ventures is a venture fund investing in early-stage technology companies with network effects in the United States and globally. Our investment team is based in the United States. The fund was founded by serial entrepreneur Dmitry Alimov, co-founder of IVI.TV, the largest video service for Russian-speaking consumers worldwide serving over 60 million users globally. Frontier Ventures partners with talented entrepreneurs to help them build global market-leading businesses. We stand out by helping our portfolio companies scale globally in Europe and Asia where our partners have access to strong networks of technology entrepreneurs, investors, and tech company executives. We open these powerful networks to the companies we invest in, which helps them scale across borders faster. We also help our portfolio companies raise follow-on financing by giving them access to more than 1,000 US and global VC, growth funds, and family offices where we have long-term business relationships. Our founding team has more than 30 years of collective experience in venture investing, having backed over 50 early-stage companies. Frontier Ventures is backed by family offices, technology entrepreneurs, and financial investors as limited partners. Most of our limited partners are current or former technology entrepreneurs. WHY ARE WE CALLED “FRONTIER VENTURES”? In the history of the exploration of North America, the term “Frontier” was used to determine the boundary between inhabited and unknown territory, where from the 18th to the 20th centuries, settlers developed new areas. Unlimited free land in this zone was available, and thus offered the psychological sense of unlimited opportunity. This, in turn, had many consequences such as optimism, future orientation, and shedding of restraints due to land scarcity. The development of new land to the West and the North of the United States became a catalyst for the settlement of the North American continent and its subsequent rapid economic development. By analogy, the name of our fund – Frontier Ventures – is intended to symbolize the limitless possibilities that are open to entrepreneurs and investors in the development of the software and Internet. Our team and our entrepreneur partners share the spirit of optimism and belief in success, combined with a rational willingness to take risks to achieve great goals, which at one time united the North American pioneers, during their advance towards the unknown.

We fiercely back founders changing millions of lives for the better. From workplace zen to financial literacy: we’re here for it all. We look at “4-T’s”1. Teams We look for: Complimentary skill-sets (tech & sales), Founder-market fit, Eye-to-eye conversation, Strong values, Personal chemistry, Diversity We tend to avoid: Little-to-no tech expertise, Single founders, Incomplete teams, Homogeneity, Overly inflated egos 2. Traction We look for: Strong customer validation, Data-driven decision-making, Revenue quality > quantity, Solid GTM strategy, Positive unit economics We tend to avoid: Capital inefficiency, Unengaged users, Pre-mature scaling 3. Thesis We look for: Painkiller solutions, Fierce value propositions, Deep moats, Big markets, Big visions We tend to avoid: Vitamins, Small ambitions, Crowded markets, Indefensible solutions 4. Timing We look for: Teams ready to scale, Clear investment plans, Market-Readiness Aka “Why now?” We tend to avoid: Highly diluted founders, Imbalanced cap tables, Strategic investors How do I get in touch with Peak? If you want to get in touch regarding funding, contact us here. For any inquiries not related to funding, you can send a message to our general email at info@peak.capital. What kind of companies do you invest in? We invest in early-stage SaaS, marketplace, and platform companies ran by kick-ass teams (excuse the french). We focus on SaaS, marketplace, and platform models, rather than particular industry verticals. What makes these models tick, and how to scale them across stages of maturity, verticals, or borders, is our expertise. P.s We do not discriminate – we do B2C, B2B, B2B2C, C2C, and all those great acronyms 😉 My product has a hardware component – should I reach out to you? Hmm, this is a good question. Given our laser focus on SaaS, marketplace, and platform models, hardware is often out of our scope. If your business is primarily SaaS, marketplace, or platform, and the hardware component is marginal (off-the-shelf, not a core driver of the value, distribution, or monetization of your product), please get in touch and we can review your case. How does this work for example? One at a time What countries are you active in? We are a European investor with offices in Stockholm, Berlin and Amsterdam. Our primary focus is on the Nordics, DACH and Benelux. Do you invest in companies located outside of Europe? We invest in companies based in Europe. We know that this can sometimes be a grey area, especially with increasingly hybrid and remote-first team structures; borders are becoming blurry. In principle, our European focus means that the founding country and/or members of the founding team are based in Europe. If you are not sure, please reach out. We may invest in companies registered outside of Europe (such as a US Delaware Inc.) if the company is of European origin or has a large portion of operations in the EU. What is your average ticket size? Our average initial ticket size ranges from EUR 250k-4M. Note that we reserve a large portion of our fund for follow-on rounds. This means we have both the conviction and the firepower to continue supporting our portfolio founders from Pre-Seed to Series B and beyond. As an investor, do you lead rounds or follow? Being the lead investor is in our DNA. As we are fully funded and ran by entrepreneurs like yourself, we are active and boots-on-the-ground partners. That being said, we are open to co-investing and following rounds where there is a strong lead. The most important consideration is there is a positive relationship between all parties at the table. Do you provide follow-on funding? Yes. The majority of our fund is reserved for follow-on rounds for our portfolio. We have both the conviction and the firepower to continue supporting our founders from Pre-Seed to Series B and beyond. We also support our portfolio founders in raising later rounds. As we operated for many years as a smaller, Dutch-focused fund, we have had to build out a robust network of investors beyond our borders over the years. Head over to our portfolio page to see a few of the co-investors and follow-on investors that we work with. What information should I put in my pitch deck? Good question! First, scroll up to the top of the page and explore the 4 “T”s that we look at. This gives you an idea of what we look for in any given proposition. Spoiler: the team is hands-down most important. Here are the most important things to address in your pitch deck: Team Who are you? Who is in your team, what did you do before, what is each person’s role, why are you the right team to tackle this problem? Thesis What problem are you solving? Let us know what is so broken, that you started a company to fix it. Touch upon these sub-questions: what is your experience with this problem, why does it matter, and how big is it? How is it solved today? This might sound strange, but please make sure it is clear what you actually do. What is your business model? The million-dollar question aka how do you make money? What is your go-to-market (GTM) strategy? We want to know how you’ll sell your product. Try to cover these topics: Who are your customers, who are your users (if there is a difference), how will you reach them? What channels and playbooks will you employ? How large is the market? A hard one to calculate…but important nonetheless. We’re curious to know the total market you’re operating in (TAM) and, importantly, how much of that you can capture (SOM). What does the competitive landscape look like? Ahh the classic competition diagram, we’re ready: 4-square matrix, company logo = 50% larger, top right corner. Jokes aside, this is one of the most important topics in our eyes. We want to understand what’s going on in your market. What are the different areas of competition and who are the key players? Try to highlight what makes you different (differentiation, USP) and how you will defend against other players (defensibility). Traction What is your current traction? We want to know about your progress – both commercial and technical. The information here depends on what you’re building and how far along you are. If you have not yet brought your product to market, including key info on your customer validation and technical development. For later-stage companies, please include key metrics on the number of customers, current revenue, growth rates, retention, unit economics, and all that jazz. Timing How much capital are you raising? Why now? Importantly, how will you spend it? What is your valuation range for this round? How much capital have you raised previously? From whom? There is no such thing as too early, but they’re such a thing as too late. Please communicate how much funding you have raised previously and what investors you have on board! What is your investment process? This depends on what stage you are in with your company; the process varies from founder to founder and not one size fits all. The general process is an initial meeting with a member of the Peak team. The purpose of this meeting is first and foremost to get to know you as founders. We are team-first investors. We want to know the face behind the business – your experience, your inspiration, and what sort of founder-market fit you have. We can go through your pitch deck to understand what you’re building, and how far along.If we decide to move forward, we’ll have follow-up sessions bringing in our partners, diving under the hood of your company, and exploring the chemistry between all parties. For us, the most important part of this process is to get to know you and the entire founding team – for you to get to know us as well.We don’t believe in slapping down a term sheet overnight. Not to say that we don’t move fast – we can and do – but it is important for us to truly understand what you’re building and all of the different facets of your company.We will ask for data, take a closer look at the competition, give back in the process, and progress towards a full understanding of your team, your company, and, hopefully, a term sheet and partnership. Who are your/Peak’s limited partners (investors)? You might have seen the term ‘founder funded around our website. This is true! Peak started back in 2008 when a group of 5 entrepreneurs came together to collectively invest in ambitious founders…and be the investors they wished that they had when they were starting up. We still have that DNA. All of our funds, from Peak I to Peak IV, are backed 100% by seasoned entrepreneurs.Our investors come from a wide range of industries stemming from manufacturing and logistics to tech Unicorns, bringing with them lived experience, market expertise, and network. Who is on the Peak team? We’re a colorful team of big characters. Get to know the Peak family more on our team page. Are you hiring? We are actively offering 6-months internships throughout the year. We also keep an eye out for sharp, motivated people to join the Peak family. Shoot us an email (talent@peak.capital) with your CV, motivation, and a short video pitch of yourself, and we’ll be in touch. Are any of your portfolio company’s hiring? A question we love to hear. The answer is: always! Visit our job board to see an overview of all of the open positions and apply. You can also find the specific careers page linked in the portfolio section. We are fierce believers in the vision and ability of our founders, and the teams they are building around them. We have confidence that any of our portfolio companies will be a great place to work.

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.

We have been deeply rooted in the foundations of the 🇬🇷 startups ecosystem since its inception 15 years ago. We have been the launchpad for ventures & initiatives that have defined markets & industries, including many tech darlings of the regional scene. With a focus on empowering “Venture Characters” (hyper-ambitious tech founders with strong ethical foundations), Apeiron leverages its strategic market visibility and access to propel groundbreaking ideas into global success stories in Europe, US and beyond. Our partnership style Augmented Team: We know how hard it is to build a business from the ground up. From hiring the right people to setting up your GtM plan and from governance to your next round of financing - we roll up our sleeves to provide you with what’s critical for your venture. A sound voice, and trustworthy extended team. Real People Network: Apeiron is backed by 40+ investors, including exited Startup Founders (we previously backed), successful entrepreneurs, corporate investors & operators, and some of the region’s largest family offices. Your Partner, Not Your Boss: Every VC in the business claims it brings value. In reality, they talk to you every month, skip the hard talk and play the bossy card. With a toxic free, honest attitude we are your partners first, investors second. Ask for a reference from our previously backed founders.

We love when new things are being built. New companies, new relations, new perspectives. This is why we like to be amongst the first to join builders in their entrepreneurial journey. And since some endeavors are bigger than others, we are committed to go the long way. With over € 1.7bn under management and about 200 companies backed, HV’s funds have the resources and the experience needed. NEW COMPANIES HV’s funds invest early. Leading investment rounds with initial tickets between € 500k and € 5m. If a company is developing exceptional but was missed in the early stage, the relationship can also start in growth stages with tickets of up to € 20m as initial investment and follow on investments with up to € 100m per company. NEW RELATIONS Our network is our biggest value. In our history, we have backed hundreds of entrepreneurs, enabling great success stories. We are creating an ecosystem for companies to connect and thrive together. HV’s funds co-invest with a set of top international business angels and investors. NEW PERSPECTIVES We have backed about 200 companies in the last 20 years. We have enabled the creation of more than 100,000 jobs across all sectors of the industry.