Connect with us

Private Equity

More than 20 venture capital firms band together to provide founders with advice on coronavirus challenges

Avatar

Published

on

More than two dozen UK venture capital houses have banded together to provide free and confidential advice to startups looking for help on coping with challenges arising from the Covid-19 crisis.

Breega, Draper Esprit, Omers Ventures, MMC Ventures and Nauta Ventures are all among the slew of firms joining the scheme, which is based on a model set up by Breega’s Paris office at the beginning of last month.

The VC Hours scheme consists of one-to-one consultations that can be booked online, taking place either via video or over the phone, and are open to any startup founder wishing to discuss their business challenges with a VC.

Areas of advice will include helping founders adapt their business models, raising and pitching during the crisis, controlling cash flow and HR issues.

Breega founding partner Ben Marrel said, “In these difficult times, it is vital, more now than ever, that the different actors of our ecosystem come together to support each other, so as to limit, as much as possible, the devastating impact of the economic crisis.

“Startups are fragile because they’re young and yet they’re also indispensable as they are the ones shaping our future world and economy.”

Connect Ventures partner Rory Stirling added, “This is no doubt a lonely and difficult time for many startup founders.

“Whilst some founders have been able to turn to their existing investors for support, those that are yet to raise, find themselves with few places to turn for advice.

“That is one of the reasons we chose to get behind this initiative and our objective is to ensure that all the startups that need help during the Covid-19 crisis can find it.”

The full list of firms taking part in the VC Hours scheme are:

  • AlbionVC
  • Ananda Impact Ventures
  • Anthemis, Augmentum
  • BrightEye
  • Breega
  • C4 Ventures
  • Connect Ventures
  • DN capital
  • Draper Esprit
  • Eka
  • Episode 1
  • Felix
  • Gauss Ventures
  • 24Haymarket
  • KEEN Venture Partners
  • Kindred
  • Local Globe
  • MMC
  • Nauta
  • Notion
  • Omers
  • Outrun
  • Piton Capital
  • PROfounders
  • Samaipata
  • SOSV
  • SpeedInvest
  • Sweet Capital
  • 7percent Ventures

Copyright © 2020 AltAssets

Source: https://www.altassets.net/market-news/firm-news/more-than-20-venture-capital-firms-band-together-to-provide-founders-with-advice-on-coronavirus-challenges.html

Private Equity

K Fund’s Jaime Novoa discusses early-stage firm’s focus on Spanish startups

Avatar

Published

on

Earlier this month, Spanish early-stage venture capital firm K Fund officially launched its second fund, which sits at €70 million, up from €50 million the first time around.

Targeting Spanish startups with an international outlook, the seed-stage firm plans to invest from €200,000 to €2 million, writing first checks in 25-30 companies. Meanwhile, a portion of the fund will also be set aside for follow-on funding for the most promising of its portfolio.

Described as business model- and sector-agnostic, K Fund currently has a mix of B2B and B2C companies in its portfolio across a wide variety of sectors, such as travel, fintech, insurtech and others. They include online travel agency Exoticca, HR software Factorial, insurtech startup Bdeo and Hubtype, a conversational messaging tech provider.

I caught up with K Fund’s Jaime Novoa to delve deeper into the firm’s investment remit, how the Spanish startup and tech ecosystem has developed over the last few years and to learn more about “K Founders,” the VC’s new pre-seed funding program.

TechCrunch: K Fund’s first fund was announced in late 2016 to back startups in Spain with an international outlook at seed and Series A. At €70 million, this second fund is €20 million larger but I gather the remit remains broadly the same. Can you be more specific with regards to cheque size, geography, sector and the types of startups you look for?

Jaime Novoa: We’re both agnostic in terms of business models and industries. Since our focus is, for the most part, Spain, we do not believe that the Spanish market is big enough to build a vertically focused fund, either in terms of business model or sector.

With our first fund we invested in 28 companies, with a slightly larger number of B2B SaaS companies than B2C ones, and across a wide variety of sectors. We do have a bit of exposure to travel and fintech/insurtech, but that’s because we’ve found several interesting companies in those spaces, not because we proactively said, “let’s invest in fintech/travel.”

In terms of check sizes, the core of the fund will be to make the same type of investments as in our first fund: first cheques from €200k to €2m and then sufficient capital for follow-on rounds. We’ll probably do a similar number of deals compared to the previous fund, but we want to have additional capital for follow-on purposes.

Source: https://techcrunch.com/2020/07/09/k-funds-jaime-novoa-discusses-early-stage-firms-focus-on-spanish-startups/

Continue Reading

Private Equity

Here’s what the stats say about LP and GP activity during the coronavirus

Avatar

Published

on

The impact of the coronavirus crisis is likely to be felt around the world for years to come, with the economic aftermat

Source: https://www.altassets.net/knowledge-bank/by-pe-focus/infrastructure-real-estate/heres-what-the-stats-say-about-lp-and-gp-activity-during-the-coronavirus.html

Continue Reading

Private Equity

Sagewind Capital buys US Army, NASA engineering services provider QuantiTech

Avatar

Published

on

Private equity player Sagewind Capital has made US Army, Air Force and NASA tech engineering services provider QuantiTec

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/sagewind-capital-buys-us-army-nasa-engineering-services-provider-quantitech.html

Continue Reading
Financial Express1 hour ago

Kerala gold smuggling case: Govt transfers probe to NIA; ‘serious implications for national security’, says MHA

Publications1 hour ago

Wind Power Market Size, Share & Trends Analysis Report By Location, By Application, By Region and Segment Forecasts, 2020 – 2027

Publications1 hour ago

A Ford Focus driver wound up with a nearly $1,000 ticket after being clocked at 437 mph by a faulty speed camera

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

Canadian Stocks Languishing In Negative Territory Despite Paring Some Early Losses

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

The Global Battery Separator Market is expected to grow from USD 2,690.35 Million in 2019 to USD 5,174.14 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 11.51%

Publications1 hour ago

Beat the Extreme Heat with a Delicious Cool Treat

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

IRES offers free access to Matterport for two months

Publications1 hour ago

Sage Intacct Names Alta Vista Technology a Premier Partner

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

Westland Insurance Group Announces Appointment of Chief Information Officer

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

CAVU Resources’ Sinacori Builders Continues Making Headlines, Secures Key 26,000-Square-Foot Charlotte Site in Multimillion Dollar Deal

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

Bank of the James Announces Completion of Private Placement of Debt

Publications1 hour ago

A day trader on Reddit claimed they made a 3500% gain, and turned $35,000 into $1.25 million during the pandemic

Financial Express1 hour ago

Lockdown in Uttar Pradesh: Yogi Adityanath govt imposes lockdown from tomorrow; what is open, what is closed

CNBC1 hour ago

Treasury’s Mnuchin backs narrower coronavirus aid package as talks with Congress resume

CNBC1 hour ago

Supreme Court says Manhattan DA can get Trump’s tax records, but rejects bid by House Democrats

Financial Express1 hour ago

Now, Jio petrol pump: RIL, BP start fuel retailing joint venture under this brand

Business Insider1 hour ago

Lululemon is doing something that it almost never does as the pandemic squeezes its business

Business Insider1 hour ago

United and American Airlines are cancelling flights to Hong Kong over a requirement that crew members get tested for COVID-19 on arrival (UAL, AAL)

goldman-sachs-wall-street-is-bracing-for-a-historically-wild-stock-market-as-the-presidential-election-nears-heres-a-surprising-yet-simple-strategy-for-protecting-your-portfolio-regardles.png
Business Insider1 hour ago

GOLDMAN SACHS: Wall Street is bracing for a historically wild stock market as the presidential election nears. Here’s a surprising yet simple strategy for protecting your portfolio — regardless of outcome.

Business Insider1 hour ago

How the pandemic is impacting the advertising business as live sports and events are cancelled and people cut back on spending

CNBC1 hour ago

Coronavirus live updates: American and United cancel Hong Kong flights, Fauci says new shutdowns may be necessary

Business Insider1 hour ago

US mortgage rates slip to a record low 3.03% for 30-year loans

Private Equity1 hour ago

K Fund’s Jaime Novoa discusses early-stage firm’s focus on Spanish startups

CNBC1 hour ago

WHO warns the coronavirus is ‘getting worse,’ continues to accelerate

Business Insider2 hours ago

Travelers are sticking close to home for vacations this summer. Here’s how Cambria Hotels locations across the US offer the perfect ‘staycation.’

Publications2 hours ago

Logitech pulls support for Harmony Express remote a year after launch

Business Insider2 hours ago

Meet the 25 power players at Instagram who are deciding the future of the wildly popular Facebook-owned app (FB)

CNBC2 hours ago

Coronavirus relief policies kept 10 million Americans out of poverty. They’re set to expire in July

Financial Express2 hours ago

TCS says deportation of students will restrict tech development in US

CNBC2 hours ago

Trump ally Roger Stone should go to prison next week, prosecutors tell court

Publications2 hours ago

Docker partners with AWS to improve container workflows

Business Insider2 hours ago

The best camping cookware

Publications2 hours ago

Peacock will stream over 175 Premier League matches next season

Publications2 hours ago

Trump taxes: Supreme Court says New York prosecutors can see records

Publications2 hours ago

Creandum backs Amie, a new productivity app from ex-N26 product manager Dennis Müller

Financial Express2 hours ago

News genre witnessed 43% rise in viewership in H12020: BARC-Nielsen Report

CNBC2 hours ago

Stock market live updates: Tech gives back early gains, Dow falls 400 points, Walgreens drops 8%

CNBC2 hours ago

Insana: Main Street investors diving into speculative penny stocks and SPACs is disturbing trend

here-are-the-banks-with-the-best-cd-rates.png
Business Insider2 hours ago

Here are the banks with the best CD rates

when-regulators-suspended-wirecards-uk-arm-payments-to-its-fintech-partner-accounts-bounced-the-suspension-has-lifted-but-for-some-the-money-is-still-missing.jpg
Business Insider2 hours ago

When regulators suspended Wirecard’s UK arm, payments to its fintech partner accounts bounced. The suspension has lifted — but for some, the money is still missing.

Trending