StartFast Ventures

Zenda Capital is a thesis-driven, tech investment firm led by operators investing their own money. Our team started and exited three companies, and helped build the foundational team that scaled Twilio to $60Bn in market cap. We win by investing in category-dominant, B2B tech companies before they're obvious. We apply the same approach through which we’ve built a track-record of outperformance (7.5x MOIC, +110% IRR*) We partner with founders in the U.S. and LATAM as early as the formation stage, and support them through early-growth. Our first checks range from $250k to $1.5M, sometimes as co-founders of companies. We operate as business owners, and not just investors. Our focus is on helping founders solve problems for which there are no playbooks, but where our capital, operating experience, and network can help. 🔥 Our Mission We believe entrepreneurship is one of the greatest expressions of purpose by mankind. We look to find the best, overlooked, B2B entrepreneurs and be the first to invest in them. Our background as B2B founders and operators gives us an edge in connecting with these entrepreneurs and helping them win. 🧭 Guiding Principles Principle 1: Courage to be authentic → looking for opportunity where others don't, **and **believing first, when it’s non-obvious, is our path to greatness. Principle 2: Business owners, not investors → we exist to help founders build great businesses, not just to allocate capital. Principle 3: Enabling founders to win is our strategy → by **helping solve problems for which there are no playbooks, but where our capital, operating experience, and network can help. Principle 4: Decision quality is our product → we’re relentless about continuous learning and improving our decision process. Principle 5: Outperformance is our moat → helping founders build valuable companies is our north star. All else is secondary. Σ Investment StrategyWinning Formula: combining research with an entrepreneurial mindset to create opportunity. Focus: B2B tech in U.S. & LATAM. Role: lead/co-lead, participate (selectively) Entry Stages: incubation**,** pre-seed, seed. First Check Size: $250-500k (Incubation & Pre-Seed) up to $1.5M (Seed). Follow On: indefinitely, as long as risk adjusted returns make sense to us.

As former entrepreneurs and operators, we have been in your shoes. We have founded, built and sold companies; we have recruited and led employees and management teams; and we have tackled many of the challenges that are unique to early-stage companies. With over 100 years of collective experience as founders, operators and board members, we have plenty of scar tissue and insights to help you avoid pitfalls and to optimize your business. We consider every investment to be a long-term partnership and aim to bring much more than just capital to help you build your company. In addition to evaluating every investment on the fundamentals, we are particularly interested in finding opportunities that leverage our experiences and unique resources. We focus only on industry segments that we know extremely well and where we have deep, relevant networks that can be tapped for our companies. We love early-stage technology investing and are energized by working with brilliant entrepreneurial minds. We are excited to share our operational experience and entrepreneurial instincts. We are a small team, which allows us to be responsive and nimble, working at the same clock speed as our entrepreneurial partners. We bring complementary backgrounds and leverage every member of our team for every company.

Focusing on growth stage investments, our team at Incore is passionate about forming close relationships with founders, management teams and existing owners to help businesses expand their existing footprint. What we're looking for At Incore Invest, we back high-growth companies with a proven business model and strong potential to scale. Our focus is on value creation through active ownership and close partnerships. With entrepreneurial roots and a strong track record of scaling businesses efficiently, our team is well positioned to support founders on their growth journey. Geography We invest across Europe with a particular focus on the Nordics, supporting local champions with international ambitions. Technology focus We target technology-driven companies with our main focus being Fintech, SaaS and B2B software. Growth profile We typically invest around the Series A stage, backing ambitious and capable teams in high-growth companies where we can add value through hands-on support and strategic guidance. What we bring to the table Scaling expertise: We have a strong track record of helping businesses scale efficiently, both locally and internationally. Our team supports companies in turning growth ambitions into tangible results. Extensive and international network: With deep ties across the tech and investment ecosystem, we open doors to industry experts, strategic partners, and customers to accelerate growth. Entrepreneurial mindset: Having built and operated businesses ourselves, we understand the challenges founders face. We act as hands-on, supportive partners throughout the journey. Transactional experience: Our team brings significant M&A and financing expertise, helping founders navigate growth funding, acquisitions, and strategic exits — including IPOs.

We focus on businesses with strong products in growing markets where we can facilitate a change in performance by scaling sales, strengthening leadership, and enhancing operations. At Palisades, we are passionate about partnering and supporting companies that offer products and solutions that can help end-customers change their ways of doing business and potentially transform their industries. We help scale businesses by building leadership teams, identifying growth areas, and executing on operational improvements. Our value creation playbook has been developed over more than 20 years of investing in B2B software. WHERE WE OPERATE We target companies headquartered in the United States. We also support many of our existing portfolio companies in their expansion efforts globally. WHERE WE INVEST We typically deploy between $5-25m in equity per investment, acquiring both majority and minority stakes. We invest in software companies with proven business models, rich intellectual property, high recurring revenue, and long-term growth potential. We focus on enterprise software companies with scalable business models that are intrinsically profitable. We focus mainly on business-critical software that makes a real difference for the end-customer and carries a solid value proposition in the form of a high ROI. We look for opportunities where we can bring our company building experience to create shareholder value. We are flexible as to the size, form, and structure of investments we make. Our minority investments can consist of both an acquisition of shares from existing shareholders and a capital increase in the company supporting growth. WE HELP BUILD THE LEADERSHIP BENCH We assist in coaching, recruiting, and strengthening management teams and board members. WE HELP SCALE SALES ORGANIZATIONS We help scale sales and marketing teams with a blended focus on process, sales tools, metrics, and talent. WE HELP INVEST IN R&D We support innovation in the product development process including investment in and development of structured product development and innovation processes. WE PARTNER WITH MANAGEMENT Collaboration matters to us. We work closely with management teams to define success and create a sustainable roadmap for growth. Growth is not always predictable or linear, so we course-correct and refine strategies as necessary. We help build teams, advise on resource allocation, and pursue M&A opportunities. Palisades has established an operating team and partner network that works in conjunction with portfolio company executives and Palisades investment professionals to support execution of high impact strategic initiatives.

We look similar, but we're fundamentally different to other venture funds. We've built our own businesses. We're investing our own money. We're not limited in what we can do. We invest in people, not ideas. We seek founders who are passionate about building generationally great companies. We focus on fast growth tech companies ...but we’re infinitely inquisitive Our depth of experience and lack of constraint are powerful when it comes to working with great founders. Our experience lends itself to founders of technology start-ups who are building growing businesses and who value our capital and experience. We look for growth equity positions, where we’re all on the same side of the table. Because we've been there before, we’re interested in simple capital tables with aligned, participating shareholders. Our best experiences have been when we're the only shareholder, and when we invested at inception. We don’t have a fund horizon or limitations. This lets us play the long-game for the truly outstanding companies. Our view is that it's your company and we'll do what we can to help you succeed. We're happy to buy founder or secondary shares where it makes sense. Fundamentally, what matters to us is that we back high integrity founders to build world-class businesses. Our Investment Focus This is what we value and look for in our investments. But we’re infinitely inquisitive (that is, we break rules!). So if your business doesn’t necessarily tick all these boxes and you are raising venture / growth capital or might in the future, please drop us a line (no, it doesn’t need to be a warm intro!) Great people: Passionate entrepreneurs that we like and want to work with. Complex domains: Companies that are solving significant problems. Business software: Software that has the capacity to be mission critical over time. Recurring revenue: Business models which are – or look like – recurring revenue. Growing markets: Markets that are rapidly growing (though we often find the best SaaS businesses start with small TAMs). Founders we can help: Companies and founders who have a deep ability to scale and learn and where we understand their domains.

We invest in capital-efficient SaaS companies ready to take the next big jump. Our founder's roots run deep. Entrepreneurs ourselves, for thirty years our mission has been to help tech founders grow and realize their vision. Our first decade focused on financial advisory, having advised over 200 tech firms on high-value outcomes. Operators at heart, we launched Kennet’s US presence in 2000 with a focus on helping founder-led bootstrapped companies achieve their potential. Over the past 20 years, we have taken an entrepreneurial approach to international investing by combining analytics, talent, and capital to cultivate over 50 high-growth ventures with almost $1 billion invested globally. In 2021, Kennet recapitalized, and the North American and European teams restructured to focus on their respective markets. The result is Savant Growth; a US fund with a powerful software and operations platform dedicated to accelerating growth for capital-efficient SaaS companies. Our mission is to help our founders/CEOs build high-growth market-leading companies. We do not work alone. We have the power of our operations platform through DevSavant and SaleSavant. We continue to partner with Kennet, managing Kennet V's and Kennet VI's US investment program. Together, we work to achieve global market leadership for our companies.