Pioneer Fund

We build companies: INNOVATIVE: We love disruptive products and business models that aim at influencing the behavior of many. TEAM MIX: A great company starts with a great team and entrepreneurial mindsets. Only the right mix of people will be able to execute fast and beat the competition. OPPORTUNISTIC: The wheel does not always have to be reinvented, it might just have to be redesigned. Or shipped to where customers need wheels.

From Southeast Asia to Silicon Alley, our world is marked by unprecedented degrees of multiculturalism, ethnic diversity, social shifts, international collaboration, and technology-driven changes. Third culture innovators - founders who create and define a new ‘third space’ in response to adversities they face while living, learning, and transacting between disparate cultures - are on the rise and at the center of solving humanity’s biggest problems. As third culture individuals ourselves, Ethos understands better than anyone else the powerful forces at work in the world today. We can spot asymmetric opportunities and invest where others hesitate because we aren’t afraid to be authentic and embrace the same ethos as the third culture innovators that we invest in. We hold deeply ingrained convictions that investing in companies led by extraordinary third culture leaders will not only yield more unicorns, but also shape a world in which future generations will thrive, celebrate, and treasure. VALUESEthos: We believe the most important foundation of a person’s success is his or her character and spirit, which will manifest in the person’s business, relationships, and actions. Commitment: We invest in founders from the earliest stages (often, the first check) and continue to support their long term vision. We believe startups are a marathon, not a sprint. Curiosity: We seek truth. We assume nothing and believe that the best approach is to uncover these truths through experimentation. Community: We believe that the startup journey is much better when we share it with others. The journey is hard. No need to go through it alone. Vision: We support founders who are bold and mission-driven to improve the future of humanity. Big dreams inspire and motivate us all to be better. WHY THIRD CULTURE Third Culture is not about geography or skin color. Third culture is the mindset and drive to adapt, grow, and triumph while remaining fiercely authentic even amid pain and discomfort. It is the situation of being in between two or more worlds, and includes the meaning of being located at the periphery or edge of mainstream thinking. It’s the impetus behind the biggest and most important innovations for humanity and the future of our children.

Founder of Flight Fund: Steven Bartlett. From a bedroom in Manchester, this 21 year old university drop-out built what would become one of the world's most influential social media companies. At 27 he took the company public - the company would reach a market valuation in excess of $600m. Steven is an entrepreneur, investor, public speaker, author and host of Europe’s most downloaded Business podcast: 'The Diary of a CEO'. In 2021, Steven became the youngest ever dragon on BBC 1's Dragon's Den. Steven is particularly focused on inspiring a new generation of entrepreneurs and creators from a BAME background. At just 30 years old, he is widely considered one of Europe’s most talented and accomplished young entrepreneurs and philosophical thinkers.

As a venture house, our mission is to clear the path for founders who build companies that matter. Our hybrid setup, comprising PSV Foundry, PSV Lab, and two unique venture funds, PSV Tech and PSV Hafnium, sets us free from adhering to a singular method. Rather we rethink existing ways and models to maximise our impact beyond any individual firm or investment. Together, we can punch above our weight.

We’re EQT Ventures, a VC built by former founders and operators ready to support the next generation of global winners. Building a global tech company is challenging. We know because we’ve done it too. Without the right people around you, getting to great is almost impossible. That’s why we decided to create EQT Ventures, a new kind of VC, the VC we always wanted on our own startup journeys. A VC that is accessible, supportive and fully committed. A partner that knows what it takes to put everything on the line. A VC built to serve the founders it backs. From offices in Stockholm, London, Berlin, Paris and San Francisco, we invest in and support entrepreneurs building the next-generation of global winners. Entrepreneurs will always be at the core of everything we do. We’re entrepreneurs at heart and there’s nothing we thrive from more than working with founders. No matter where you are on your journey or the challenges you face, chances are we’ve been there too and can overcome them together.

We want to invest in solutions to problems which impact a lot of people. If you are simply iterating a market, 7percent is not for you. We seek the 200x winners and pass on the less risky, less ambitious opportunities. We are looking for moonshots. We back the technologies and products that in ten years people will wonder how the world ever lived without - the breakthrough companies and technologies. What's in a name? “A good early stage growth rate is 5-7% a week. If you can hit 10% a week you’re doing exceptionally well, but if you can only manage 1%, it’s a sign you haven’t yet figured out what you’re doing“ Paul Graham - Y Combinator Why take our moneyMaybe don't. Not every entrepreneurial business should take venture funding. The venture capital journey is best for big risk, big outcome businesses. A startup is a company which is different because it is able to g Ex-founder led with Silicon Valley ambition. For >10 years we have been investing at pre-seed and seed as angel investors then VC’s. With experience operating as founders in both the U.K. and U.S. we have the confidence to back you to reach for the stars, with access to the expertise and capital via the three networks we co-founded. Read more here. Our Mantra: to help not hinder your startup. This is a guiding principle in everything we do. Because our Partners are ex-Founders themselves, this helps us empathise. We have a better understanding than many other investors, of the challenges you will experience when building a company from scratch, because we’ve done it ourselves. We have: Founded, grown and sold successful tech startups Founded tech startups and failed Taken angel or VC investment for our own startups and raised it for others Built transatlantic reach across startup ecosystems, from West and Eastern European to North America Backed >150 companies over the past 10 years, as a firm or as angels.