Széchenyi Alapok

On the contrary to typical early stage VC fund we are focusing on later stage startups which have already solid business model and growing exponentially. We target companies which are usually post series A, have solid business model and are still in high growth phase. Our investment criteria:100% secondary deals, no primary investment to the company; focusing primarly on the Baltics and Finland, but are open to deals from the rest of CEE and Nordics; preferably post series A, but not a must if company is already in scale up phase; proven business model; scaling phase; exit potential in 3-5 years timeframe; always aiming for a discount from the fair market value. By having a portfolio of successful companies, we are able to provide the investors access to the best deals that are usually kept private and, therefore, offer a kind of "index fund of the best startups from the New Nordics". Our deal process is lean and fast. We do not expect special conditions from the founders (e.g. board position, liquidation preference etc), however we need access to latest relevant management and legal data in order to validate company current situation.

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.

With offices in Paris, London, Seoul and Singapore, our mission is to broaden the horizon of European technology by providing leading start-ups with the capital for growth and access to Asian markets. Our strong ties with many leading Asian corporates, together with our network in Asian tech ecosystems offer our portfolio companies much more than just capital. Founded in 2016 by Fleur Pellerin, former French Minister for Innovation and Digital Economy, Korelya Capital (a Korelya Groupe company) is an investment platform with over EUR 500 million under management. We back the most ambitious founders in their journey to build global technology champions by sharing our passion, experience and market reach. We are thesis-driven investors supporting exceptional founders at every step of their journey We seek out exceptional and talented European founders who put global ambition at the core of their mission and then work relentlessly with them to achieve it. We focus our sourcing on well-defined investment theses and criteria and we are quick to recognise if a business is not for us. Once we partner with a founder, we are highly engaged: we know the challenges of scaling across multiple markets faced by our companies and we leverage our network and expertise to make the journey a success. Advocates of a sustainable tech ecosystem. For decades, sustainable development has steadily grown in public opinion and business and political agendas globally. Organizations large and small are increasingly accountable for their social and environmental footprint. While legal and statutory obligations today almost exclusively concern large corporations, we believe sustainability should be an integral part of corporate agendas at every stage of a company’s journey, for both ethical and economic reasons. We are convinced that companies embracing societal and environmental challenges will drive superior value creation in the long term. Europe has a clear head start and an unmissable opportunity to create the next generation of sustainable global leaders. That is why at Korelya we chose to set ourselves ambitious yet realistic sustainability goals, with an action plan designed to lead by example and promote our strong beliefs amongst our portfolio companies.

We are Brandenburg Kapital, the region's leading venture capital investor. As an active investor, we have put more than 180 companies on the road to success with venture capital and entrepreneurial know-how. We would be delighted to help you, too, get off to a flying start. We are a wholly owned subsidiary of Brandenburg's Förderbank ILB. As a public venture capital company with a stable corporate environment, we ensure a strong equity base for startups and small and medium-sized enterprises in Brandenburg so that they can grow safely and sustainably. The Seed and Growth Fund, currently worth around 100 million euros, is available for this purpose. The Seed and Growth Fund, which has been set up on behalf of the Brandenburg State Ministry for Economic Affairs and Energy, is currently financed with capital from the European Regional Development Fund (ERDF) and ILB's own funds. Together with our co-investors, we have invested about 895 million euros in Brandenburg's dynamic companies since 1993. We see ourselves not only as an investor, but also as a strategic sparring partner. We actively support our portfolio companies on their way from startups to international players. Give your company a boost with our support! No matter how you want to (further) develop your business – you have a dedicated crew and the perfect equipment for your mission on board with our startup or growth financing, strong partner network and pragmatic support.

At Ilavska Vuillermoz Capital, we value active participation in the ecosystem in which we operate. We believe engaging with our surroundings can create a positive impact and foster meaningful connections. Through strategic partnerships, collaboration, and networking throughout Luxembourg and Europe, we actively contribute to the growth and development of the financial ecosystem. Our goal is to create a thriving environment where innovation and progress can flourish. We recognize the importance of staying up-to-date with our industry's latest trends and advancements. By staying informed and adapting to changes, we can continuously improve our offerings and provide the best possible solutions to our investors. Our commitment to the VC and PE ecosystem extends beyond our immediate business interests. We actively support community initiatives, environmental sustainability, and social responsibility. We aim to create a better future for all by making a difference in these areas.