We are a European early-stage, SME Tech first-cheque writer.
We initially invest EUR 100K to EUR 1M in start-ups at the pre-seed & seed stage that are primarily located in the DACH & UK.
We focus on vertical, embedded and Trifecta solutions (combining marketplaces with SaaS and Payment). We shy away from horizontal stand-alone solutions.
We look for SME Tech industry and category leaders who can sell to enterprise at some point.
Aside of LTV:CAC ratios, we love to see upmarket potential, in other words SME-first startups moving upmarket by selling to enterprises.