Working Capital Fund

Coalition Capital is a venture capital firm that partners with the best entrepreneurs in Europe to help them shape the digital economy. We partner with entrepreneurs and invest in spaces where tectonic technological shifts like Artificial Intelligence are creating extraordinary opportunities. It is our believe that the biggest companies of the next decade will be solving the world’s most pressing challenges, leveraging the power of AI along the way. From redefinition of supply chains, the improvement of worker's mental health, disruption in financials services, cybersecurity to bridging the digital skills gap, we see it as our mission to help solve real-world problems. Coalition is thesis-driven and we are focused on Europe. We bring a true pay-it-forward mentality: invest time first, money second. We are convinced that true value and sustainable returns can only be created with a long-term strategic vision and a plan around the growth of organizations. It is our goal to patiently build companies into global leaders. We laud actual achievements, not artificial milestones of every increasing funding round valuations. As a break-out team from Inkef and Prosus, we are venture and growth equity veterans who have helped build iconic companies across the world. Often, we joined in the early innings and helped scale these businesses into category-defining multi-billion-dollar global gorillas. Under the flag of Coalition we intend to do it again. We accelerate growth…We prefer capital efficient, scalable companies with proven product-market fit and a defensible model. We partner with hungry overachievers to take those companies from: Local hero to a global champion 1 to 10 and then from 10 to 100 We invest from Seed to Series B; And can be a lifetime partner until you go public … of the digital economy…We go beyond the hype of ChatGPT: It is our belief that the proliferation of new technologies like AI will enable the creation of a new generational companies Those that solve real problems in trillion-dollar industries or provide the ‘picks-and-shovels’ required to drive tectonic technological change …in EuropeWe believe Europe’s moment is now We are Europe-native VCs with a global outlook We are un-European in our ambitions and drive; Introducing US/Asia-style execution and pace We focus on creating new generational companies solve real problems in trillion-dollar industries or provide the ‘picks-and-shovels’ required to drive tectonic technological changeAI and Data ToolingDataOps Design Cybersecurity Code Search DevOps Productivity Knowledge management Future of CommerceAI-driven commerce enablers (e.g. pricing, inventory management) Supply chain management Re-commerce Next-gen (B2B) marketplaces Future of FinanceEmbedded finance Verticalized solutions Payments Supply chain finance Data driven investing Compliance / AML Future of WorkNext Gen HR stack Digital skills building Worker’s mental health How we are differentCollaborative Investment EthosWe prove our worth to you by investing time first Lead, follow, or stay stealth, board seat or not, we take your lead We understand that building durable companies takes time; we support in good times and bad times We offer real help where it matters most: topline acceleration and the people function We aspire to be the Most Valuable Player on the cap table Radically Thesis & Data-drivenWe are radically thesis-driven and understand your business like no other investor does We operate a conviction-based approach; always working from first principles We eat our own dog food and drink our own champagne by leveraging AI to identify the most promising businesses Connected & experiencedWe are venture and growth equity veterans with experience in building iconic global gorillas (and obsessed about doing it again) We bring an unrivalled industry network, opening doors to global tech giants and enterprises We offer a unique global view on tech trends and scaling

We focus on early-stage companies and breakthrough technologies that enable the transition from linear to circular models, particularly within the Consumer & Retail sectors. Our dual approach ensures that ventures receive not only capital but also structured growth support through “The House of Circularity” platform. This platform brings together startups, corporations, and investors to pilot, validate, and scale solutions that deliver positive, measurable, and profitable results from initial testing to market expansion. Spin Ventures differentiates itself by integrating capital investment with data-driven acceleration through “The House of Circularity”. Our focus on circular economy markets and strong corporate partnerships ensures ventures deliver quantifiable financial returns and measurable impact. We align the goals of startups, corporates, and investors to implement circular and regenerative models that bring operational efficiencies, increased revenues, and a reduction in carbon emissions across industries. Spin Ventures is committed to leading the transition towards a circular and regenerative economy by combining investment, acceleration, and “The House of Circularity” platform. Our approach meets immediate market needs while positioning companies for sustained growth in a changing regulatory environment. By uniting startups, investors, and corporations through a structured ecosystem, we drive measurable impact, operational efficiencies, profitability, and decarbonization of supply and value chains. Are you a Founder, Investor, or Corporate leader ready to accelerate the transition to a circular economy? We invite you to join us in driving measurable impact and profitable growth. Reach out to us at hello@spin.vc to explore how we can work together to accelerate the transition towards a circular and regenerative economy or as we say “to spin the world”. Let’s create tangible results and shape the next generation of circular innovation - together. FOR INVESTORS Through our diversified strategies, we give access to high-growth markets in circular supply chains, regenerative materials, and re-commerce, with targeted returns driven by regulatory trends and market demand. “The House of Circularity” mitigates risks through structured pilot programs, scaling successful models alongside corporate partners to maximize impact and profitability. FOR FOUNDERS Beyond funding, we offer a pathway to growth through “The House of Circularity”. This platform provides startups with practical resources, industry connections, and quantifiable metrics to navigate market and regulatory landscapes, optimizing operational efficiencies, generating incremental revenues, and enhancing profitability. FOR CORPORATIONSr We facilitate partnerships that implement circular practices into existing business models, driving operational efficiencies and unlocking new revenue opportunities. “The House of Circularity” platform enables companies to pilot innovations that decarbonize their supply and value chains, ensuring scalable and profitable outcomes.

It's a transformative era for India. Techades of opportunities lie ahead of us. However, industry cannot fully leverage this once-in-a-generation opportunity without fundamentally transforming their value chain. Mobility, Distribution and Employment are 3 key pillars of the value chain that have the highest potential for disruption and transformation, the impact of which will cut across industries and sectors. Technology startups that are optimising these three key aspects of the value chain have significant tail winds behind them. Also, India is moving towards Nett Zero emissions by 2070. This will require the country and the industry to adopt new technologies and transition to EV across logistics & mobility. Our goal is to enable industry find and pilot startup led innovations that will help them navigate the changed market dynamics, and improve profitability, scalability and sustainability.

These are the questions that drive our work: What can we do in the world that is valuable, and who are the companies in the world that would benefit from our set of skills? It starts with the right partnership - entrepreneurs with the courage and commitment to transform their industries. Companies that align with our long-term fundamental demand drivers, with compelling market opportunities. These entrepreneurs and portfolio companies are our customers. In a process that begins before a transaction closes, we begin working directly with the management teams of our portfolio companies. We ask our customers what they want to achieve, and determine the challenges standing in their way. We work with them to develop operational plans where we can add value. We identify deliverables and desired outcomes. And then we do the work alongside them. In this way, we’re able to identify supply chain problems before they start. We’re able to help companies predict the lifetime value of their customers. We’re able to help great companies grow into world-changing companies. More than 20 years ago, our founder sent a memo to our team outlining our firm’s core values: excellence, humility, integrity, responsibility. We're sharing that memo in full here. Our team has more than doubled in size since then, but our values haven’t changed - and they never will. Let's build together. GROWTH AND HUMAN CAPITAL We don’t just advise. We sit alongside you, share our best practices, and tailor them to your company, culture, and growth objectives. And we stay engaged to evolve the work with you and your team - from seed to growth to IPO. Whether you’d like to identify the Competencies, Experience, and Culture Fit for your next key executive hire, refine your TAM, Ideal Customer Profile, and Use Cases, develop an L&D program to foster and retain top talent, we can help. These are just a few functional areas where we have been fortunate to assist our portfolio companies over the years. We are privileged to be your Operating Partner, an extension of your team, and a set of resources that you can count on at every phase of growth. LEAN A true understanding of your supply chain can’t be gleaned simply from a spreadsheet or a slide deck, but from within the walls of your operations. Our engineers, manufacturing experts, and operations specialists will examine your processes from production to distribution to delivery - often by standing alongside employees on an assembly line or factory floor - and then work with you to fine-tune them. DATA SCIENCE We don’t believe in analysis for the sake of analysis, or in reporting on everything under the sun because you can. We work with you to build data science applications that are actually useful. Applications that use your data to help you improve user acquisition. To reduce churn. To improve underwriting. In other words: We believe in data that should be directly tied to the value of your business.

We believe all sectors will continue to experience rapid digitization over the next decade. This structural change will create unique opportunities for category-defining companies to be built. We focus on partnering with founders who are building technologies that enable such change. We invest from ideation, but can support companies through their entire life cycle. We target companies built in or for the Asia-Pacific region. We believe there are certain themes which will power economic growth in this region over the coming decades. We do not expect to waiver in our focus. There are many venture funds with which founders can partner - we wish to become a capital partner for those who share our beliefs and values. What we invest in Our investment thesis is to invest in second order businesses. In every industry or sector, there are certain structural inhibitors that threaten to slow down the rate of progress or change. These problems are often seen as hard to build solutions for, because such solutions require founders to deeply understand the issue, and have the requisite expertise and resources. We aspire to invest in and partner with founders who are solving these hard problems – our thesis is that these companies, should they be successful, build sustainable moats. Many of these problems sit in the technology infrastructure layer and may act as the “pipes and rails” for others. Examples include building seamless payments solutions, comprehensive integrated supply chain technologies, or highly accurate credit assessment technologies. These companies are often one (or more) steps removed from the end consumer. They primarily have business-to-business or business-to-business-to-consumer “go to market” motion. Early in their lifecycle, these companies often attract less media coverage and investor interest. We say these companies are “built in the shadows”. Because of this, the true impact of such companies may not be immediately apparent, but their progress speaks for itself. We prefer to partner with tenured founders whose passion and curiosity is relentless. Our view is that this intensity of focus is necessary to build an exceptional company. We seek these founders out, rather than wait for them to find us – this is second order investing. Company stage We wish to invest at stages in a company’s lifecycle where our capital and experience can be most impactful. We focus on investing from the Pre-Seed to Series B equity financing stage. We invest between $0.25 - $5 million as an initial check but have the capacity to invest substantially more over time. We have invested more than $25 million over the course of our partnership with portfolio companies. Company sector We focus on founders building ‘enablement’ technologies that reduce friction for businesses. We are thesis driven, which means our deals typically originate from our outbound approaches rather than via warm introductions. At any time, our investment team is focused on developing “clusters” of knowledge in 3 - 5 sectors. These sectors evolve regularly as we learn more. This is different to other venture funds. We typically know our founder teams for some time before we invest. We meet more than 2,000 companies per year and will be a quick ‘no’ if your business is not a strong fit for us. Company geography We invest in the following markets: Indonesia, Thailand, Philippines, Malaysia, Vietnam, Australia, and New Zealand. We selectively consider other markets (in particular, India and North America) but only where we can add tangible value. We prefer ‘pan-regional’ or ‘multi-market’ businesses with significant ambition. We are comfortable with companies that are capital intensive if their unit economics are viable. We have experience investing in businesses that have global ambitions but may be starting their journey in one of our focus markets.

Friends & Family Capital is a venture capital firm that backs entrepreneurs that transform big markets. The firm’s founding partners helped scale Palantir to $20 Billion (CFO from 2011 to 2017) and jointly backed over 20 Unicorn startups. Friends & Family Capital invests in business models that produce long-term and defensible compounding growth and cash flow. Core investments include Airtable, Anduril, Facebook, Figure, Flexport, Gusto, Mosaic, Palantir, Robinhood, SpaceX, and Verkada.