VC deals overview, most used mobile apps in Spain, tricks, insights and predictions, obstacles for becoming a VC and why multiple geo is important.
#14
Happy New Year!
This is the 14th edition of Sunday CET, a weekly curation of what we found interesting in the European investment tech landscape.
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1. More money in the market
2. How others are doing it
3. Interesting bets
4. Data, research, observations
5. What others think
1. More money in the market
🇪🇺 Tencent plans to invest USD 10 billion in Europe in 2020 and one third of that sum in Germany
🇪🇸 ABE Private Equity Fund to invest €250 million in the Basque Country.
🇩🇪 Vorwerk Ventures raised €150 million for a new fund
🇸🇪 Norrsken Foundation announced the first closing at €61 million for a new new impact venture fund.
🇧🇪 Volta Ventures launches second €35 million fund to invest in Benelux startups
🇪🇸 Santander launches private equity platform to support Spanish SMEs
2. How others are doing it
🇫🇷 Foreign startups will now be able to grant French stock options to their French employees, which was the last hurdle to make France's option plan really attractive - link
🇬🇧 8 tracks is closing down after 10 years, here’s the post mortem.
🇸🇪 In 2017 we raised our €3.2M seed round with Karma after months of talking to VCs. This is the presentation deck including investors feedback.
🇪🇺 Fintech venture capitalists share their investment tricks and insights
🇵🇹 Why startups are relocating to Lisbon and what they’re finding behind the hype
Bonus
Standard terms for $50M VC fund - thread:
• Management fees: 2%/yr
• Carry: 20%
• Waterfall Distributions: 100% to LPs, then 80% to LPs, 20% to GP
• Investment Period: 4-5 yrs
• Term of Fund: 10+ yrs
• Minimum Subscription: $500K
• GP Commit: ~1%11 Lessons from the Success of Disney+ - link
Fanboys and haters (PG)
3. Interesting bets
🇧🇪 Belgium
design-driven electric bike company | £3.7 million | Crowdcube
🇱🇻 Latvia
contract management platform provider | $5 million | Union Square Ventures, Point Nine Capital, Seedcamp, angel investors
🇫🇮 Finland
radiotherapy SaaS company | $1.65 million | Voima Ventures, Icebreaker
🇫🇷 France
eco agricultural robots manufacturer | €14 million | Bpifrance
influencer marketing platform | €4 million | Alliance Entreprendre, angels
🇳🇱 Netherlands
blockchain powered marketplace to donate or invest directly into measurable impact outcomes | Franklin Templeton, Ausum Ventures, Crypto Valley Venture Capital, Pangea Blockchain fund
🇵🇱 Poland
veterinary subscriptions for dogs and cats | €470K | Satus Starter VC
🇷🇴 Romania
AI-driven technology that can recognize people based on the way they type, both on their laptops and mobile devices | $7 million | Gradient Ventures, Techstars Ventures, GapMinder Venture Partners
🇪🇸 Spain
on demand service for travelers interested to have their luggage picked up in advance | €3 million | K Fund, Big Sur Ventures, business angels
on demand valet for storage services | €2.4 million | Everis, Castel Capital, Finaves
🇬🇧 UK
sleep technology company | $24 million | Cartesian Capital Group
developer of interactive pods for immersive adventures in digital rooms | £8.6 million | Project A, Index Ventures
producer of plant-based protein substitutes for chicken and pork drawn mostly from soy and pea | £4.7 million | Backed, Five Seasons Ventures, Idinvest Partners, Seedcamp, Manta Ray Ventures.
SAAS for the dry cargo industry | $4.5 million | Idinvest Partners, Kima Ventures, The Family, Bpifrance
e-sports betting platform | $4.5 million | Makers Fund
platform that gives a detailed breakdown of customers by their personality (behavioural science) | £1 million | Angel CoFund
biotech startup producing microalgae | £1 million | Equity Gap, Scottish Investment Bank, Old College Capital, Hillhouse Group
4. Research, data, observations
🇪🇺 Ten charts that tell the story of 2019 - link


🇪🇸 What are the most used mobile apps in Spain - link
communication:

financial services:

media:

ecommerce:

🇪🇺 Facts, figures and investment deals you need to know about from the Nordic market | December 2019 - link
🇳🇱 Venture Capital Deals in the Netherlands, 2019 - €1.2 billion across 200 rounds.
🇸🇪 Swedish investment funding numbers for 2019 - $2.2 billion across 412 rounds
🇩🇰 Danish investment funding numbers for 2019 - $902 million across 162 rounds
🇳🇴 Norwegian investment funding numbers for 2019 - $457 million across 142 rounds
🇫🇮 Finnish investment funding numbers for 2019 - $941 million across 141 rounds
🇮🇸 Icelandic investment funding numbers for 2019 - $80 million across 24 rounds
🇪🇺 Google to end use of “double Irish” as tax loophole set to close - link
🇪🇸 Taxi drivers from Barcelona threaten to paralyse the Mobile World Congress if Catalonia does not apply the law to stop Cabify - link
🇩🇪 Germany cuts fares for long-distance rail travel in response to climate crisis - link
🇩🇰 Half of Danish electricity is now powered by wind (47%) and solar (3%) - link
🇳🇴 North Norway municipality wants to be 'Arctic Monaco' with inheritance tax break - link
Bonus:
In 2019, Chinese companies raised US$35.6 billion over 2,047 rounds of funding from January to mid-November, compared to US$93.4 billion from 2,795 rounds over the same period in 2018 - link
Seed investors are favoring enterprise startups, and other conclusions from analyzing Y Combinator’s investing history - link
Toyota will transform a 175-acre site in Japan into a "prototype city of the future" - link
5. What others think
🇪🇺 All Startups Should Consider Expanding In Multiple Geographies
Travel is cheap, finding customers by exploring new markets is cheaper and more accessible than ever, you just need to go outside your comfort zone. If you don’t think global from day, you are not doing right.
🇮🇱

🇩🇪 One of the biggest obstacles of becoming a VC is simply access to money - thread
🇦🇹 10 Things I learned as VP Growth at a hypergrowth Fintech in London
🇫🇷 Do you think you can use the services of our 25 companies in less than 12 hours? We did it (Daphni)
🇩🇪 2020 predictions for European Venture Capital (Speedinvest)
US (and Asian) investors continue entering Europe
There is A LOT of money to be made and spent
A fight for late-stage winners
🇪🇺 US VCs are coming, and it’s no friendly football match
🇪🇺 What is The VC Factor? Five ways the world would be different without VC (European Investment Fund)
Bonus:
You need to have at least $25 million in investable wealth to be considered rich
Expectations vs Reality at Work
Happy Sunday!
Thanks for reading 🙌
Created by @drnovac every Sunday. Please share it with people who may find it interesting - thanks! Feedback at dragos@nordic9.com.