Fund #F17
#active #b2b #preseed #seed #seriesA #USD200k #USD500k #USD2m
1) How many deals do you plan to make?
About 15–20 deals per year.
2) How many projects do you review?
More than 3,000 per year.
3) What is the average check size?
At pre-seed — up to $200k, at seed — up to $500k, at Series A — up to $2m.
4) What is the minimum stage of projects?
It depends on the team — the stronger the team, the earlier the stage we are ready to enter (even at the idea stage). If the team is not stellar, we require solid revenue traction.
5) What industries, geography?
Primarily the US, also Europe, rarely LatAm. Not MENA or Africa. #developed
Industries: B2B #SaaS, #FinTech (+ blockchain-enabled), #AI, #Futureofwork, #Productivity Tools, Digital #Healthtech, #HRtech, #Edtech.
6) Are you ready to be a lead investor?
At pre-seed — yes, at seed — sometimes, at Series A — no.
7) Where did the projects you invested in come from?
Mostly warm contacts (inbound) + cold emails.
8) What percentage of investments came through cold messages/emails?
We read all emails; there have been cases where we invested.
9) What accelerators / conferences do you follow?
We host Pitch&Drink events at conferences and meet many startups there. Examples: TechCrunch, SaaStr, WebSummit, TechWeek.
We follow all well-known accelerators except YC (valuations are overheated): Alchemist, Plug&Play, Berkeley SkyDeck, TechStars, 500 Startups.
10) What should be in the presentation to pass initial review?
- Team (previous industry experience and exits)
- Traction (if any, unit economics)
If these are strong, we then look at standard things:
- Product
- Market
- Competition
- Use of funds
11) What return on investment do you expect?
10x+ with future revenue potential of $100m+.
12) How important is the number of founders?
No formal criteria. We prefer 2–3 founders but also invest in solo founders.
The team should include a Hustler (entrepreneur) and a Hacker (CTO).
13) What “unfair advantage” are you looking for?
Not a mandatory requirement. We may invest even in “red ocean” markets if we see the team can execute well.
#active #b2b #preseed #seed #seriesA #USD200k #USD500k #USD2m
1) How many deals do you plan to make?
About 15–20 deals per year.
2) How many projects do you review?
More than 3,000 per year.
3) What is the average check size?
At pre-seed — up to $200k, at seed — up to $500k, at Series A — up to $2m.
4) What is the minimum stage of projects?
It depends on the team — the stronger the team, the earlier the stage we are ready to enter (even at the idea stage). If the team is not stellar, we require solid revenue traction.
5) What industries, geography?
Primarily the US, also Europe, rarely LatAm. Not MENA or Africa. #developed
Industries: B2B #SaaS, #FinTech (+ blockchain-enabled), #AI, #Futureofwork, #Productivity Tools, Digital #Healthtech, #HRtech, #Edtech.
6) Are you ready to be a lead investor?
At pre-seed — yes, at seed — sometimes, at Series A — no.
7) Where did the projects you invested in come from?
Mostly warm contacts (inbound) + cold emails.
8) What percentage of investments came through cold messages/emails?
We read all emails; there have been cases where we invested.
9) What accelerators / conferences do you follow?
We host Pitch&Drink events at conferences and meet many startups there. Examples: TechCrunch, SaaStr, WebSummit, TechWeek.
We follow all well-known accelerators except YC (valuations are overheated): Alchemist, Plug&Play, Berkeley SkyDeck, TechStars, 500 Startups.
10) What should be in the presentation to pass initial review?
- Team (previous industry experience and exits)
- Traction (if any, unit economics)
If these are strong, we then look at standard things:
- Product
- Market
- Competition
- Use of funds
11) What return on investment do you expect?
10x+ with future revenue potential of $100m+.
12) How important is the number of founders?
No formal criteria. We prefer 2–3 founders but also invest in solo founders.
The team should include a Hustler (entrepreneur) and a Hacker (CTO).
13) What “unfair advantage” are you looking for?
Not a mandatory requirement. We may invest even in “red ocean” markets if we see the team can execute well.
🔥1
Fund #F18
#active #web3 #seed #USD250k
1) How many deals do you plan to make?
Around 20 deals per year.
2) How many projects do you review?
Our conversion rate is about 5%, so we review roughly 400–500 projects per year. We believe industry statistics citing a 1% conversion rate are underestimated, as they likely include a large amount of low-quality opportunities at the very top of the funnel that are typically never reviewed.
3) What is the average check size?
Around $250k.
4) Which stages are you looking at?
Seed. Since we invest exclusively in Web3, for us the Seed stage means a ready MVP before Mainnet launch, early users, and traction from a test deployment.
5) Industries / geography
We primarily focus on #web3 infrastructure (protocols) and more rarely consider projects that are not fully on-chain.
Geographically, we prefer US-based founders, though there are exceptions. #developed
6) Are you ready to be a lead investor?
We never lead.
7) Where did invested projects come from?
Venture partners, scouts, and friendly funds.
8) % of investments from cold outreach
We do not review cold emails.
9) Accelerators / conferences followed
In Web3, this is largely irrelevant. What matters most is whether a project has an active community on social media. Often, analyzing a project’s Twitter account can be sufficient to assess its credibility.
10) What should be in the presentation?
Traction, investors, product, tokenomics, and community. We generally evaluate whether the project is likely to reach a Token Generation Event within two years. Without a community, the probability of such an outcome is typically close to zero.
11) Expected returns
50x.
12) Founder considerations
Founder reputation within the community is more important, as well as the presence of top-tier funds in the round.
13) “Unfair advantage” sought
The market is still very young, with many untapped opportunities even without a specific unfair advantage.
That said, prior business experience can be viewed as such an advantage. In Web3, many founders have strong technical backgrounds but limited business expertise, so founders with Web2 management experience often have a higher probability of building sustainable businesses.
#active #web3 #seed #USD250k
1) How many deals do you plan to make?
Around 20 deals per year.
2) How many projects do you review?
Our conversion rate is about 5%, so we review roughly 400–500 projects per year. We believe industry statistics citing a 1% conversion rate are underestimated, as they likely include a large amount of low-quality opportunities at the very top of the funnel that are typically never reviewed.
3) What is the average check size?
Around $250k.
4) Which stages are you looking at?
Seed. Since we invest exclusively in Web3, for us the Seed stage means a ready MVP before Mainnet launch, early users, and traction from a test deployment.
5) Industries / geography
We primarily focus on #web3 infrastructure (protocols) and more rarely consider projects that are not fully on-chain.
Geographically, we prefer US-based founders, though there are exceptions. #developed
6) Are you ready to be a lead investor?
We never lead.
7) Where did invested projects come from?
Venture partners, scouts, and friendly funds.
8) % of investments from cold outreach
We do not review cold emails.
9) Accelerators / conferences followed
In Web3, this is largely irrelevant. What matters most is whether a project has an active community on social media. Often, analyzing a project’s Twitter account can be sufficient to assess its credibility.
10) What should be in the presentation?
Traction, investors, product, tokenomics, and community. We generally evaluate whether the project is likely to reach a Token Generation Event within two years. Without a community, the probability of such an outcome is typically close to zero.
11) Expected returns
50x.
12) Founder considerations
Founder reputation within the community is more important, as well as the presence of top-tier funds in the round.
13) “Unfair advantage” sought
The market is still very young, with many untapped opportunities even without a specific unfair advantage.
That said, prior business experience can be viewed as such an advantage. In Web3, many founders have strong technical backgrounds but limited business expertise, so founders with Web2 management experience often have a higher probability of building sustainable businesses.
Fund #F19
#active #b2c #b2b #seed #USD100k #USD300k
1) How many deals do you plan to do?
We make a small number of deals, 1-2 per year, but then work closely with our portfolio companies, helping with strategy, fundraising, and hiring.
2) How many projects do you review?
We invest in less than 1% of what we see.
3) What is your average check size?
$100–300k.
4) What stage do you invest in?
Seed with revenue, pre-SeriesA.
5) Which industries and geographies?
US, Europe, and GCC countries #developed #global.
Generally industry-agnostic, but we have a preference for #Fintech, #PaaS, #IaaS, #Cloud, #Cybersecurity.
We do not consider crypto, hardware, biotech, or B2B targeting limited amount of large enterprises. For #B2C, we may consider opportunities except e-commerce.
6) Are you ready to be a lead investor?
More often no than yes, due to our check size. However, we can help structure the round if needed.
7) Where did the projects you invested in previously come from?
Referrals from our network, mostly from the investment community.
8) What percentage of your investments came from cold messages/emails?
We have not invested through this channel, but we do read cold outreach just in case. Typically, such inbound is either out of focus or low quality.
9) Which accelerators/startup rankings/conferences do you follow?
Our referral pipeline is sufficient and of good quality — the network acts as a primary filter. We are also exploiting thesis-driven, proactive sourcing approach.
10) What should a pitch deck contain to pass your screening?
It shall help to get an idea of:
- how big is your market? but not just some random, but the one you're working at
- what's your product is about?
- what you sell (USP) and whom you're selling to?
- why you and why now? what the competition is about?
- traction
- fundraising ask (and how it matches the stage)
11) What returns do you expect from investments?
We primarily look at whether the project can eventually reach a $1bn valuation. We avoid niche opportunities with limited growth potential, as they are harder to exit.
12) Is it important how many founders there are (1 or 2), and whether this is their first project?
No strong preference — we have successful cases with solo founders without prior exits. What matters is a strong, driven team that understands what they are doing, rather than adapting to investor expectations.
13) Is an “unfair advantage” important in projects?
We look not for “unfair” advantages, but for sustainable ones that can last over the long term and not disappear within a couple of years.
#active #b2c #b2b #seed #USD100k #USD300k
1) How many deals do you plan to do?
We make a small number of deals, 1-2 per year, but then work closely with our portfolio companies, helping with strategy, fundraising, and hiring.
2) How many projects do you review?
We invest in less than 1% of what we see.
3) What is your average check size?
$100–300k.
4) What stage do you invest in?
Seed with revenue, pre-SeriesA.
5) Which industries and geographies?
US, Europe, and GCC countries #developed #global.
Generally industry-agnostic, but we have a preference for #Fintech, #PaaS, #IaaS, #Cloud, #Cybersecurity.
We do not consider crypto, hardware, biotech, or B2B targeting limited amount of large enterprises. For #B2C, we may consider opportunities except e-commerce.
6) Are you ready to be a lead investor?
More often no than yes, due to our check size. However, we can help structure the round if needed.
7) Where did the projects you invested in previously come from?
Referrals from our network, mostly from the investment community.
8) What percentage of your investments came from cold messages/emails?
We have not invested through this channel, but we do read cold outreach just in case. Typically, such inbound is either out of focus or low quality.
9) Which accelerators/startup rankings/conferences do you follow?
Our referral pipeline is sufficient and of good quality — the network acts as a primary filter. We are also exploiting thesis-driven, proactive sourcing approach.
10) What should a pitch deck contain to pass your screening?
It shall help to get an idea of:
- how big is your market? but not just some random, but the one you're working at
- what's your product is about?
- what you sell (USP) and whom you're selling to?
- why you and why now? what the competition is about?
- traction
- fundraising ask (and how it matches the stage)
11) What returns do you expect from investments?
We primarily look at whether the project can eventually reach a $1bn valuation. We avoid niche opportunities with limited growth potential, as they are harder to exit.
12) Is it important how many founders there are (1 or 2), and whether this is their first project?
No strong preference — we have successful cases with solo founders without prior exits. What matters is a strong, driven team that understands what they are doing, rather than adapting to investor expectations.
13) Is an “unfair advantage” important in projects?
We look not for “unfair” advantages, but for sustainable ones that can last over the long term and not disappear within a couple of years.
Fund #F20
#active #b2b #seed #USD100k #USD1m
1) How many deals do you plan to make?
Around 15 per year.
2) Out of 100 decks, how many projects do you invest in?
800–1,000 projects pass through the top of the funnel per year; we review 10–20 in detail per month.
3) What is the average check size?
$100K – $1M.
4) Which stages are you looking at?
Pre-seed, Seed, Late Seed / Early A. Minimum revenue required even at Pre-seed.
5) What industries, geography?
Geography: US, EU, UK (#developed). Sectors: Primarily #B2B services with an #AI layer. Occasionally look at #B2C, mainly in #Healthcare, social networks, or AI #Rollups. Do not look at complex cybersecurity, devtools, deeptech, or crypto projects.
6) Are you ready to be a lead investor?
Generally no.
7) Where did the projects you invested in come from?
Currently 60% sourced proactively, 40% through network. Expect the network share to grow over time.
8) What percentage of investments are in projects that came through cold messages/emails?
Very few come in cold, and most are low quality.
9) What accelerators or startup conferences do you follow/attend?
Track all major accelerators; use platforms like Vestbee or Harmonic and various databases. Attend Web Summit and other conferences.
10) What should be in the presentation to pass initial review?
Screening is done by AI, which highlights key strengths and weaknesses.
Key things we look for: an MVP with first sales (proof that someone is willing to pay for the product), and ideally those sales should be systematic and market-driven rather than random or based on personal connections.
11) What return on investment do you expect from the projects?
Ideally 20–30x, but if the risk is low and the return is 5x, we can consider that too.
12) How important is the number of founders (1 or 2) or whether it's their first project or not?
Preferably not a first-time founder; no other restrictions.
13) What "unfair advantage" in projects are you looking for?
We don't look for anything "unfair" per se — perhaps only founder talent could be considered such an advantage.
#active #b2b #seed #USD100k #USD1m
1) How many deals do you plan to make?
Around 15 per year.
2) Out of 100 decks, how many projects do you invest in?
800–1,000 projects pass through the top of the funnel per year; we review 10–20 in detail per month.
3) What is the average check size?
$100K – $1M.
4) Which stages are you looking at?
Pre-seed, Seed, Late Seed / Early A. Minimum revenue required even at Pre-seed.
5) What industries, geography?
Geography: US, EU, UK (#developed). Sectors: Primarily #B2B services with an #AI layer. Occasionally look at #B2C, mainly in #Healthcare, social networks, or AI #Rollups. Do not look at complex cybersecurity, devtools, deeptech, or crypto projects.
6) Are you ready to be a lead investor?
Generally no.
7) Where did the projects you invested in come from?
Currently 60% sourced proactively, 40% through network. Expect the network share to grow over time.
8) What percentage of investments are in projects that came through cold messages/emails?
Very few come in cold, and most are low quality.
9) What accelerators or startup conferences do you follow/attend?
Track all major accelerators; use platforms like Vestbee or Harmonic and various databases. Attend Web Summit and other conferences.
10) What should be in the presentation to pass initial review?
Screening is done by AI, which highlights key strengths and weaknesses.
Key things we look for: an MVP with first sales (proof that someone is willing to pay for the product), and ideally those sales should be systematic and market-driven rather than random or based on personal connections.
11) What return on investment do you expect from the projects?
Ideally 20–30x, but if the risk is low and the return is 5x, we can consider that too.
12) How important is the number of founders (1 or 2) or whether it's their first project or not?
Preferably not a first-time founder; no other restrictions.
13) What "unfair advantage" in projects are you looking for?
We don't look for anything "unfair" per se — perhaps only founder talent could be considered such an advantage.
Fund #F21
#active #b2c #b2b #seriesA #USD1m
1) How many deals do you plan to make?
About 5–10 deals per year.
2) How many projects do you review?
Conversion varies depending on whether the project comes from warm or cold contacts. On average, 10–100 decks are reviewed per investment.
3) What is the average check?
Check ranges from $0.5m to $10m, median check $0.5–2m
Occasionally we provide tech-for-equity using our AI expertise, but it’s not the main focus.
4) What stage of projects?
Pre-Series A and Series A with revenue starting from $500k ARR.
5) What industries and geography?
Regions: LatAm, MENA, Hong Kong (#emerging)
Focus: AI and Deeptech (#AI #Deeptech)
Industry-agnostic (#agnostic), usually #Software projects.
Exclusions: crypto, hardware (generally avoided)
6) Are you ready to be a lead investor?
Yes. We are also ready to lead technology due diligence in AI for other funds that do not want to take the lead.
7) Where did the projects you invested in come from?
- Network of funds and founders
- Proactive independent search
- Cold emails as well
8) What % of investments are in projects that came through cold messages/emails?
There have been cases. Cold emails are considered, projects are followed, and if they meet our criteria at some point, we begin deal discussions.
9) What accelerators, rankings, or startup conferences do you follow?
Actively attend conferences (examples: Leap, Machines Can See, Websummit, Emerge, South Summit Brasil) – often as speakers.
Regularly track accelerators. Rankings are observed but not fully trusted, as they are often arbitrary.
10) What should be in the presentation to pass your screening?
- Revenue traction as a result of hypothesis testing
- Business model and technology description
- Team overview (especially important at early stages)
- Market size sufficient to achieve desired returns
11) What return on investment do you expect?
Projects should have the potential to grow 20–30x in value.
12) How important is the number of founders (1 or 2) and whether it is their first project?
- Ideally 2–3 founders
- Preferably not the first project
- Industry expertise of founders is considered most important
13) What “unfair competitive advantage” are you looking for in projects?
Usually a combination of factors:
- Technology
- Founders’ skills
- Superior understanding of the market (at least better than investors)
#active #b2c #b2b #seriesA #USD1m
1) How many deals do you plan to make?
About 5–10 deals per year.
2) How many projects do you review?
Conversion varies depending on whether the project comes from warm or cold contacts. On average, 10–100 decks are reviewed per investment.
3) What is the average check?
Check ranges from $0.5m to $10m, median check $0.5–2m
Occasionally we provide tech-for-equity using our AI expertise, but it’s not the main focus.
4) What stage of projects?
Pre-Series A and Series A with revenue starting from $500k ARR.
5) What industries and geography?
Regions: LatAm, MENA, Hong Kong (#emerging)
Focus: AI and Deeptech (#AI #Deeptech)
Industry-agnostic (#agnostic), usually #Software projects.
Exclusions: crypto, hardware (generally avoided)
6) Are you ready to be a lead investor?
Yes. We are also ready to lead technology due diligence in AI for other funds that do not want to take the lead.
7) Where did the projects you invested in come from?
- Network of funds and founders
- Proactive independent search
- Cold emails as well
8) What % of investments are in projects that came through cold messages/emails?
There have been cases. Cold emails are considered, projects are followed, and if they meet our criteria at some point, we begin deal discussions.
9) What accelerators, rankings, or startup conferences do you follow?
Actively attend conferences (examples: Leap, Machines Can See, Websummit, Emerge, South Summit Brasil) – often as speakers.
Regularly track accelerators. Rankings are observed but not fully trusted, as they are often arbitrary.
10) What should be in the presentation to pass your screening?
- Revenue traction as a result of hypothesis testing
- Business model and technology description
- Team overview (especially important at early stages)
- Market size sufficient to achieve desired returns
11) What return on investment do you expect?
Projects should have the potential to grow 20–30x in value.
12) How important is the number of founders (1 or 2) and whether it is their first project?
- Ideally 2–3 founders
- Preferably not the first project
- Industry expertise of founders is considered most important
13) What “unfair competitive advantage” are you looking for in projects?
Usually a combination of factors:
- Technology
- Founders’ skills
- Superior understanding of the market (at least better than investors)
👍1
Pinned message #2 with the list of all funds.
The list is arranged alphabetically and does NOT correspond to the fund numbers, but it still gives an overview of which funds are mentioned in the channel.
11 VC
271 VC
AAL VC
AAlchemy Ventures
Acrobator Ventures
Alfin Ventures
AltaIR Capital
Alstin Capital
Ankerst Capital
Antler
Arz Portfoy
Ashnu
AYR Capital
Begin Capital
Brayne
Bright Dots
Cabra VC
Cats VC
Сonstructor Сapital
Contribution Capital
Data Mining Tech
Davidovs
Domino Ventures
EA Ventures
Exceptional Ventures
Finsight
Flashpoint
Freesearch Ventures
Friendly VC
Flint Capital
Funders VC
Geek Ventures
GEM Capital
Genome Ventures
Guard Capital
Gurinov FO
Gurudev Capital
Hive VC
HWK Ventures
HR&ED Tech
I2BF Global Ventures
I-free
Imity Investments
Impact Capital
Intema
Inveo Ventures
iTech Capital
Kama Flow
KG Ventures
Klotho Сapital
Laconia Capital
LETA Capital
Malina VC
Masaryk Ventures
Match Ventures
Matrix Capital
Mento VC
MHS Ventures
Narwhal
NVO Capital
PTV
Pulsar VC
Purple Ventures
RNK VC
RTP Global
Sidorok Capital
Signal
Social Discovery Ventures
Somersault Ventures
Sound Media Ventures
SPC VC
ST Capital
Stepcon Partners
Startup Wise Guys
SWC Partners
Target Global
Tetrad VC
UDTX
Ultra VC
Verb Ventures
Verras Capital
Voltity
Voskhod
Woopack
Yellow Rocks!
Zamwell
Zubr Capital
The list is arranged alphabetically and does NOT correspond to the fund numbers, but it still gives an overview of which funds are mentioned in the channel.
11 VC
271 VC
AAL VC
AAlchemy Ventures
Acrobator Ventures
Alfin Ventures
AltaIR Capital
Alstin Capital
Ankerst Capital
Antler
Arz Portfoy
Ashnu
AYR Capital
Begin Capital
Brayne
Bright Dots
Cabra VC
Cats VC
Сonstructor Сapital
Contribution Capital
Data Mining Tech
Davidovs
Domino Ventures
EA Ventures
Exceptional Ventures
Finsight
Flashpoint
Freesearch Ventures
Friendly VC
Flint Capital
Funders VC
Geek Ventures
GEM Capital
Genome Ventures
Guard Capital
Gurinov FO
Gurudev Capital
Hive VC
HWK Ventures
HR&ED Tech
I2BF Global Ventures
I-free
Imity Investments
Impact Capital
Intema
Inveo Ventures
iTech Capital
Kama Flow
KG Ventures
Klotho Сapital
Laconia Capital
LETA Capital
Malina VC
Masaryk Ventures
Match Ventures
Matrix Capital
Mento VC
MHS Ventures
Narwhal
NVO Capital
PTV
Pulsar VC
Purple Ventures
RNK VC
RTP Global
Sidorok Capital
Signal
Social Discovery Ventures
Somersault Ventures
Sound Media Ventures
SPC VC
ST Capital
Stepcon Partners
Startup Wise Guys
SWC Partners
Target Global
Tetrad VC
UDTX
Ultra VC
Verb Ventures
Verras Capital
Voltity
Voskhod
Woopack
Yellow Rocks!
Zamwell
Zubr Capital
👍5
Pinned message #3 with the list of hashtags mentioned in the channel.
Example: If you are looking for a fund that invests in B2B projects abroad with a check size of $500K, you need to enter three hashtags in the channel’s search bar simultaneously: #b2b #abroad #USD500k, and you will get a list of only those funds that fit your criteria.
Status: #active #NOTactive
Geography: #Rus #global #developed #emerging
Stage: #preseed #seed #preSeriesA #seriesA #seriesB #growth
Check size: #USD50k #USD100k #USD250k #USD300k #USD500k #USD1m #USD3m #USD4m #USD5m
Focus (alphabetically):
#agnostic
#Adtech
#Agrotech
#AI
#Apps
#b2c
#b2b
#Bigdata
#Biotech
#Blockchain
#Classified
#Cleantech
#Climate
#Cloud
#Construction
#Content
#Creator
#Cybersecurity
#Dating
#Deeptech
#Devtools
#Ecommerce
#Engineering
#Enterprise
#Entertainment
#Edtech
#Energytech
#EthicalAI
#Fintech
#Futureofwork
#Foodtech
#Gamedev
#Gamification
#Governance
#Hardware
#Healthcare
#Healthtech
#HoReCa
#Hospitality
#HRtech
#IaaS
#Impact
#Industry
#InsurTech
#Infrastructure
#Longevity
#Manufacturing
#Marketplaces
#Martech
#Media
#Medtech
#Mental
#ML
#Mobility
#Newmaterials
#Observability
#OpenSource
#PaaS
#Pharmtech
#Platforms
#Productivity
#Proptech
#RealEstate
#Retail
#Robotics
#Rollups
#Saas
#Salestech
#Security
#Social
#Software
#Spacetech
#Sporttech
#Sustainability
#Travel
#VR
#Wellness
#Quantum
#web3
Example: If you are looking for a fund that invests in B2B projects abroad with a check size of $500K, you need to enter three hashtags in the channel’s search bar simultaneously: #b2b #abroad #USD500k, and you will get a list of only those funds that fit your criteria.
Status: #active #NOTactive
Geography: #Rus #global #developed #emerging
Stage: #preseed #seed #preSeriesA #seriesA #seriesB #growth
Check size: #USD50k #USD100k #USD250k #USD300k #USD500k #USD1m #USD3m #USD4m #USD5m
Focus (alphabetically):
#agnostic
#Adtech
#Agrotech
#AI
#Apps
#b2c
#b2b
#Bigdata
#Biotech
#Blockchain
#Classified
#Cleantech
#Climate
#Cloud
#Construction
#Content
#Creator
#Cybersecurity
#Dating
#Deeptech
#Devtools
#Ecommerce
#Engineering
#Enterprise
#Entertainment
#Edtech
#Energytech
#EthicalAI
#Fintech
#Futureofwork
#Foodtech
#Gamedev
#Gamification
#Governance
#Hardware
#Healthcare
#Healthtech
#HoReCa
#Hospitality
#HRtech
#IaaS
#Impact
#Industry
#InsurTech
#Infrastructure
#Longevity
#Manufacturing
#Marketplaces
#Martech
#Media
#Medtech
#Mental
#ML
#Mobility
#Newmaterials
#Observability
#OpenSource
#PaaS
#Pharmtech
#Platforms
#Productivity
#Proptech
#RealEstate
#Retail
#Robotics
#Rollups
#Saas
#Salestech
#Security
#Social
#Software
#Spacetech
#Sporttech
#Sustainability
#Travel
#VR
#Wellness
#Quantum
#web3
❤1
Fund #F22
#active #b2b #seed #USD50k #preSeriesA #USD100k
1) How many deals do you plan to make?
About 15 deals per year.
2) How many projects do you review?
Last year we reviewed around 700 projects.
3) What is the average check?
$50–200k initial check
Follow-ons: 40% of the fund is reserved for follow-ons.
4) What stage of projects?
Seed – $50k check, main focus on team and technology.
Pre-Series A – $100–200k check, key criteria: Product-Market Fit, which may include:
- Regular revenue (up to $1m ARR)
- Contracts with notable clients
- Other signals of market demand
5) What industries and geography?
Mainly USA/Canada, Europe, Israel (#developed)
Tech-heavy software/infrastructure: #AI, #Bigdata, #Cloud, #Devtools, #OpenSource, etc. (#Software)
6) Are you ready to be a lead investor?
No, usually we join competitive rounds as value-added investors, e.g., helping projects hire talented engineers.
7) Where did the projects you invested in come from?
Large community of 200+ heavy tech engineers in IT corporations – most projects come through this network.
Also from friendly funds that consult us for technical expertise.
8) What % of investments are in projects that came through cold messages/emails?
None so far, but cold emails are read, as exceptions may occur.
9) What accelerators, rankings, or startup conferences do you follow?
No systematic tracking. Members of our community attend most events and inform us about interesting projects.
10) What should be in the presentation to pass your screening?
- Team expertise – primary focus
- Technology application: market size, competition, market trends, team vision
- Investors: who else has invested in the current or prior rounds
11) What return on investment do you expect?
Ideally 30–40x, but in some cases 10x is sufficient.
12) How important is the number of founders (1 or 2) and whether it is their first project?
No formal requirements.
13) What “unfair competitive advantage” are you looking for in projects?
Rare expertise within the team, e.g., founders who are world-renowned scientists.
#active #b2b #seed #USD50k #preSeriesA #USD100k
1) How many deals do you plan to make?
About 15 deals per year.
2) How many projects do you review?
Last year we reviewed around 700 projects.
3) What is the average check?
$50–200k initial check
Follow-ons: 40% of the fund is reserved for follow-ons.
4) What stage of projects?
Seed – $50k check, main focus on team and technology.
Pre-Series A – $100–200k check, key criteria: Product-Market Fit, which may include:
- Regular revenue (up to $1m ARR)
- Contracts with notable clients
- Other signals of market demand
5) What industries and geography?
Mainly USA/Canada, Europe, Israel (#developed)
Tech-heavy software/infrastructure: #AI, #Bigdata, #Cloud, #Devtools, #OpenSource, etc. (#Software)
6) Are you ready to be a lead investor?
No, usually we join competitive rounds as value-added investors, e.g., helping projects hire talented engineers.
7) Where did the projects you invested in come from?
Large community of 200+ heavy tech engineers in IT corporations – most projects come through this network.
Also from friendly funds that consult us for technical expertise.
8) What % of investments are in projects that came through cold messages/emails?
None so far, but cold emails are read, as exceptions may occur.
9) What accelerators, rankings, or startup conferences do you follow?
No systematic tracking. Members of our community attend most events and inform us about interesting projects.
10) What should be in the presentation to pass your screening?
- Team expertise – primary focus
- Technology application: market size, competition, market trends, team vision
- Investors: who else has invested in the current or prior rounds
11) What return on investment do you expect?
Ideally 30–40x, but in some cases 10x is sufficient.
12) How important is the number of founders (1 or 2) and whether it is their first project?
No formal requirements.
13) What “unfair competitive advantage” are you looking for in projects?
Rare expertise within the team, e.g., founders who are world-renowned scientists.
Fund #F23
#active #b2b #seed #SeriesA #USD2m #USD5m
1) How many deals do you plan to make?
About 10 deals per year.
2) Out of 100 decks how many projects do you invest in?
We prefer to go deeper on every deal we consider, thus we do not process thousands of decks.
3) What is the average check size?
EUR 2-8m, up to 15m with follow on.
4) Which stages are you looking at?
Late Seed / Series A
Projects should have some revenue, $1M ARR is a perfect case, but could be lower.
5) What industries, geography?
#B2B #Software: #FinTech, #InsurTech, #RegTech, #Cyber Security, #ClimateTech & other in Europe (#developed).
We are not bound by those industries only (#agnostic), but only invest in #B2B projects anyway.
6) Are you ready to be a lead investor?
We lead in pretty much all the cases.
7) Where did the projects you invested in come from?
Outbound (10-20%) + network (80-90%), but we are going to increase the share of outbound in the future.
8) What percentage of investments are in projects that came through cold messages/emails?
We look at all inflow — we've had at least one very deep discussion from cold outreach, but have not invested so far.
9) What accelerators or startup conferences do you follow/attend?
We typically invest at a later stage, when startups have already left accelerators. But going through one of the leading ones (YC, Techstars, EWOR, Xpreneurs, Plug & Play, Antler) is a plus. As for the conferences, we attend most popular ones across Europe.
10) What should be in the presentation to pass initial review?
A lot of things that can catch interest independently:
- business model (we have conviction about some of them)
- strong team
- strong traction
11) What return on investment do you expect from the projects?
We are mostly seeking for fund returners (30-40x).
12) How important is the number of founders (1 or 2) or whether it's their first project or not?
We have some usual "nice to haves", but not strict requirements.
13) What "unfair advantage" in projects are you looking for?
It is not something we strictly require, but rather nice to have.
#active #b2b #seed #SeriesA #USD2m #USD5m
1) How many deals do you plan to make?
About 10 deals per year.
2) Out of 100 decks how many projects do you invest in?
We prefer to go deeper on every deal we consider, thus we do not process thousands of decks.
3) What is the average check size?
EUR 2-8m, up to 15m with follow on.
4) Which stages are you looking at?
Late Seed / Series A
Projects should have some revenue, $1M ARR is a perfect case, but could be lower.
5) What industries, geography?
#B2B #Software: #FinTech, #InsurTech, #RegTech, #Cyber Security, #ClimateTech & other in Europe (#developed).
We are not bound by those industries only (#agnostic), but only invest in #B2B projects anyway.
6) Are you ready to be a lead investor?
We lead in pretty much all the cases.
7) Where did the projects you invested in come from?
Outbound (10-20%) + network (80-90%), but we are going to increase the share of outbound in the future.
8) What percentage of investments are in projects that came through cold messages/emails?
We look at all inflow — we've had at least one very deep discussion from cold outreach, but have not invested so far.
9) What accelerators or startup conferences do you follow/attend?
We typically invest at a later stage, when startups have already left accelerators. But going through one of the leading ones (YC, Techstars, EWOR, Xpreneurs, Plug & Play, Antler) is a plus. As for the conferences, we attend most popular ones across Europe.
10) What should be in the presentation to pass initial review?
A lot of things that can catch interest independently:
- business model (we have conviction about some of them)
- strong team
- strong traction
11) What return on investment do you expect from the projects?
We are mostly seeking for fund returners (30-40x).
12) How important is the number of founders (1 or 2) or whether it's their first project or not?
We have some usual "nice to haves", but not strict requirements.
13) What "unfair advantage" in projects are you looking for?
It is not something we strictly require, but rather nice to have.
👍3❤1
Fund #F24
#active #b2c #b2b #seed #USD100k #USD250k
1) How many deals do you plan to make?
We are an early-stage fund and ramping up, but we will definitely make 2–5 deals per year.
2) How many projects do you review?
A very large number, with conversion depending on the source.
Profiled venture conferences: highest conversion.
Everything else: lower conversion.
3) What is the average check?
From 10 million RUB (~$120k–$150k depending on FX).
4) What stage of projects?
Early-stage with a working MVP and some initial revenue.
Projects at the idea stage are not suitable.
5) What industries and geography?
Interested in Russian startups (#Rus).
We position ourselves in #Deeptech, so when a Russian project launches in deeptech, it first thinks of us.
Focus areas: AI, Robotics, Geometallurgy, Batteries, Modeling & Optimization, Communication Technologies (#AI, #Robotics, #Energy, etc.).
Primarily B2B, B2C also possible.
6) Are you ready to be a lead investor?
Yes, we are.
7) Where did the projects you invested in come from?
Mainly from attending events and receiving projects from partner funds and accelerators.
8) What % of investments are in projects that came through cold messages/emails?
We currently don’t have a website.
Once we do, this channel will exist, and we will review it, but we expect the quality to be low.
9) What accelerators, rankings, or startup conferences do you follow?
- Skolkovo residents, Sber500 alumni
- Russian Venture Conference
- Profile conferences on AI and deeptech
10) What should be in the presentation to pass your screening?
- Large market potential
- Technology uniqueness
- Initial revenue and its growth dynamics
11) What return on investment do you expect?
At least 10x.
12) How important is the number of founders (1 or 2) and whether it is their first project?
Not important.
Focus on management skills and strategic vision:
- How the founder builds the team and whether they are willing to hire people stronger than themselves
- The project should be strategic, not just commercial, ensuring long-term motivation
13) What “unfair competitive advantage” are you looking for in projects?
We don’t use this term. In deeptech, the main competitive advantage is technology, and we are ready to help projects strengthen their technological capabilities via our partners.
#active #b2c #b2b #seed #USD100k #USD250k
1) How many deals do you plan to make?
We are an early-stage fund and ramping up, but we will definitely make 2–5 deals per year.
2) How many projects do you review?
A very large number, with conversion depending on the source.
Profiled venture conferences: highest conversion.
Everything else: lower conversion.
3) What is the average check?
From 10 million RUB (~$120k–$150k depending on FX).
4) What stage of projects?
Early-stage with a working MVP and some initial revenue.
Projects at the idea stage are not suitable.
5) What industries and geography?
Interested in Russian startups (#Rus).
We position ourselves in #Deeptech, so when a Russian project launches in deeptech, it first thinks of us.
Focus areas: AI, Robotics, Geometallurgy, Batteries, Modeling & Optimization, Communication Technologies (#AI, #Robotics, #Energy, etc.).
Primarily B2B, B2C also possible.
6) Are you ready to be a lead investor?
Yes, we are.
7) Where did the projects you invested in come from?
Mainly from attending events and receiving projects from partner funds and accelerators.
8) What % of investments are in projects that came through cold messages/emails?
We currently don’t have a website.
Once we do, this channel will exist, and we will review it, but we expect the quality to be low.
9) What accelerators, rankings, or startup conferences do you follow?
- Skolkovo residents, Sber500 alumni
- Russian Venture Conference
- Profile conferences on AI and deeptech
10) What should be in the presentation to pass your screening?
- Large market potential
- Technology uniqueness
- Initial revenue and its growth dynamics
11) What return on investment do you expect?
At least 10x.
12) How important is the number of founders (1 or 2) and whether it is their first project?
Not important.
Focus on management skills and strategic vision:
- How the founder builds the team and whether they are willing to hire people stronger than themselves
- The project should be strategic, not just commercial, ensuring long-term motivation
13) What “unfair competitive advantage” are you looking for in projects?
We don’t use this term. In deeptech, the main competitive advantage is technology, and we are ready to help projects strengthen their technological capabilities via our partners.
👍1👾1
Accelerator #F25
#active #Gamedev #preseed #USD250k
1) How many deals do you plan to make?
Around 2–3 deals per year.
2) How many projects do you review?
Approximately 500 projects per year.
3) What is the average check?
$100-300k in form of project financing.
4) What stage of projects?
Early stage, with different requirements:
If the team has no prior achievements, the game must have a demo or prototype.
If the team/founders have experience, we can invest at the idea stage.
5) What industries and geography?
We are currently focusing only on PC and console games (#Gamedev), mainly in Eastern (#emerging) and Western Europe (#developed). Other regions are a lower priority.
6) Are you ready to be a lead investor?
Yes, we help early-stage games survive the “valley of death” and then assist in finding a lead for the next round.
7) Where did the projects you invested in come from?
From partners in game studios, publishers, funds, and agencies.
8) What % of investments are in projects that came through cold messages/emails?
We haven’t invested through website submissions yet.
We do read them and follow promising projects.
Ideal scenario: a VC recommends a project that may interest them but is too early-stage for them.
9) What accelerators, rankings, or startup conferences do you follow?
Actively participate in major events:
- Game Developers Conference (GDC)
- Gamescom
- Digital Dragons
- Reboot Develop
Demo days of other accelerators or agencies
10) What should be in the presentation to pass your screening?
Detailed guide: https://80.lv/articles/pitch-perfect-how-to-prepare-your-game-for-investors-and-publishers/
11) What return on investment do you expect from the projects?
2–3x for project financing.
12) How important is the number of founders (1 or 2) and whether it is their first project?
Prefer 2–3 founders (developer, creative, marketer).
Ideally, they have at least one jointly completed game, even if it wasn’t successful.
13) What “unfair competitive advantage” are you looking for in projects?
Strong teams capable of creating engaging games (story and retention).
Our role: help turn it into a business — team hiring, opening accounts, relocation, networking, preparing a data room for investors, etc.
#active #Gamedev #preseed #USD250k
1) How many deals do you plan to make?
Around 2–3 deals per year.
2) How many projects do you review?
Approximately 500 projects per year.
3) What is the average check?
$100-300k in form of project financing.
4) What stage of projects?
Early stage, with different requirements:
If the team has no prior achievements, the game must have a demo or prototype.
If the team/founders have experience, we can invest at the idea stage.
5) What industries and geography?
We are currently focusing only on PC and console games (#Gamedev), mainly in Eastern (#emerging) and Western Europe (#developed). Other regions are a lower priority.
6) Are you ready to be a lead investor?
Yes, we help early-stage games survive the “valley of death” and then assist in finding a lead for the next round.
7) Where did the projects you invested in come from?
From partners in game studios, publishers, funds, and agencies.
8) What % of investments are in projects that came through cold messages/emails?
We haven’t invested through website submissions yet.
We do read them and follow promising projects.
Ideal scenario: a VC recommends a project that may interest them but is too early-stage for them.
9) What accelerators, rankings, or startup conferences do you follow?
Actively participate in major events:
- Game Developers Conference (GDC)
- Gamescom
- Digital Dragons
- Reboot Develop
Demo days of other accelerators or agencies
10) What should be in the presentation to pass your screening?
Detailed guide: https://80.lv/articles/pitch-perfect-how-to-prepare-your-game-for-investors-and-publishers/
11) What return on investment do you expect from the projects?
2–3x for project financing.
12) How important is the number of founders (1 or 2) and whether it is their first project?
Prefer 2–3 founders (developer, creative, marketer).
Ideally, they have at least one jointly completed game, even if it wasn’t successful.
13) What “unfair competitive advantage” are you looking for in projects?
Strong teams capable of creating engaging games (story and retention).
Our role: help turn it into a business — team hiring, opening accounts, relocation, networking, preparing a data room for investors, etc.
👍2
Fund #F26
#active #b2c #b2b #preseed #seed #seriesA #USD100k #USD250k
1) How many deals do you plan to make?
We actively invest — around 30–40 deals per year.
2) How many projects do you review?
We don’t really count — thousands.
3) What is the average check?
$50–250k initially, with potential follow-ons.
4) What stage of projects?
Pre-seed, Seed, Series A.
5) What industries and geography?
95% USA (#developed).
Industries: broad focus on #Software projects (#agnostic). Examples: #AI, #ML, #Infrastructure, #Healthcare, #Robotics, #Devtools.
6) Are you ready to be a lead investor?
No, usually we join competitive rounds.
7) Where did the projects you invested in come from?
95% from the community, 5% from our own search.
8) What % of investments are in projects that came through cold messages/emails?
We read cold emails just to avoid missing anything interesting, but we haven’t invested via this channel yet.
If we can help with advice, we respond and support, but investments so far came from referrals or community channels.
9) What accelerators, rankings, or startup conferences do you follow?
Accelerators: YC, Hacker Fellowship Zero (HF0).
Conferences: mainly our own events, e.g., AI Rabbit Hole, but also large events like Tech Week.
10) What should be in the presentation to pass your screening?
We invest in competitive rounds, so presentations are less important.
For decks we do review, we extract information automatically via vcmate.ai.
Key points: team, market, our potential contribution, project origin, and any commentary.
11) What return on investment do you expect from the projects?
Each project should return the fund; expected ROI ~30x.
12) How important is the number of founders (1 or 2) and whether it is their first project?
We invest only in repeat founders; whether solo or not is not important.
13) What “unfair competitive advantage” are you looking for in projects?
Interesting technologies and teams that can move fast, know how to raise capital, and have exit experience.
#active #b2c #b2b #preseed #seed #seriesA #USD100k #USD250k
1) How many deals do you plan to make?
We actively invest — around 30–40 deals per year.
2) How many projects do you review?
We don’t really count — thousands.
3) What is the average check?
$50–250k initially, with potential follow-ons.
4) What stage of projects?
Pre-seed, Seed, Series A.
5) What industries and geography?
95% USA (#developed).
Industries: broad focus on #Software projects (#agnostic). Examples: #AI, #ML, #Infrastructure, #Healthcare, #Robotics, #Devtools.
6) Are you ready to be a lead investor?
No, usually we join competitive rounds.
7) Where did the projects you invested in come from?
95% from the community, 5% from our own search.
8) What % of investments are in projects that came through cold messages/emails?
We read cold emails just to avoid missing anything interesting, but we haven’t invested via this channel yet.
If we can help with advice, we respond and support, but investments so far came from referrals or community channels.
9) What accelerators, rankings, or startup conferences do you follow?
Accelerators: YC, Hacker Fellowship Zero (HF0).
Conferences: mainly our own events, e.g., AI Rabbit Hole, but also large events like Tech Week.
10) What should be in the presentation to pass your screening?
We invest in competitive rounds, so presentations are less important.
For decks we do review, we extract information automatically via vcmate.ai.
Key points: team, market, our potential contribution, project origin, and any commentary.
11) What return on investment do you expect from the projects?
Each project should return the fund; expected ROI ~30x.
12) How important is the number of founders (1 or 2) and whether it is their first project?
We invest only in repeat founders; whether solo or not is not important.
13) What “unfair competitive advantage” are you looking for in projects?
Interesting technologies and teams that can move fast, know how to raise capital, and have exit experience.
❤1👍1
Fund #F27
#active #b2c #b2b #preseed #seed #USD250k #USD500k
1) How many deals do you plan to make?
We recently raised our second fund and plan to deploy it across 50–60 investments.
2) Out of 100 decks, how many projects do you invest in?
We are selective, like any VC fund.
3) What is the average check size?
$250–800k.
4) Which stages are you looking at?
We like to start at the idea stage and be among the first investors.
5) What industries and geography?
We are a highly focused fund and invest exclusively in #HealthTech, #Longevity, and #Wellness primarily in the UK/EU and opportunistically across the rest of the world. #developed
6) Are you ready to be a lead investor?
In around 20% of cases.
7) Where did the projects you invested in come from?
Our best projects came from founders we invested in previously and fellow VCs. The vast majority of projects are inbound.
8) What percentage of investments are in projects that came through cold messages/emails?
We read them, but have invested only once so far. It was a success, nevertheless.
9) What accelerators or startup conferences do you follow or attend?
YC, Entrepreneurs First, and European university accelerators.
We mainly attend conferences focused on health.
10) What should be in the presentation to pass the initial review?
We usually ask ourselves the following questions:
- Is there a fit with our thesis (healthtech, pre-seed, seed)?
- Is it an exciting and big problem?
- Is it monetizable?
- Is the team strong?
11) What return on investment do you expect from the projects?
10x+
12) How important is the number of founders (1 or 2) or whether it is their first project?
No strict criteria.
13) What “unfair advantage” are you looking for in projects?
Ideally, founders should have 20 years of experience in the sector.
#active #b2c #b2b #preseed #seed #USD250k #USD500k
1) How many deals do you plan to make?
We recently raised our second fund and plan to deploy it across 50–60 investments.
2) Out of 100 decks, how many projects do you invest in?
We are selective, like any VC fund.
3) What is the average check size?
$250–800k.
4) Which stages are you looking at?
We like to start at the idea stage and be among the first investors.
5) What industries and geography?
We are a highly focused fund and invest exclusively in #HealthTech, #Longevity, and #Wellness primarily in the UK/EU and opportunistically across the rest of the world. #developed
6) Are you ready to be a lead investor?
In around 20% of cases.
7) Where did the projects you invested in come from?
Our best projects came from founders we invested in previously and fellow VCs. The vast majority of projects are inbound.
8) What percentage of investments are in projects that came through cold messages/emails?
We read them, but have invested only once so far. It was a success, nevertheless.
9) What accelerators or startup conferences do you follow or attend?
YC, Entrepreneurs First, and European university accelerators.
We mainly attend conferences focused on health.
10) What should be in the presentation to pass the initial review?
We usually ask ourselves the following questions:
- Is there a fit with our thesis (healthtech, pre-seed, seed)?
- Is it an exciting and big problem?
- Is it monetizable?
- Is the team strong?
11) What return on investment do you expect from the projects?
10x+
12) How important is the number of founders (1 or 2) or whether it is their first project?
No strict criteria.
13) What “unfair advantage” are you looking for in projects?
Ideally, founders should have 20 years of experience in the sector.
👍5
Fund #F28
#active #b2b #seriesA #USD3m
1) How many deals do you plan to make?
About 3–4 deals per year.
2) How many projects do you review?
1 investment per 300 calls — low conversion, as the fund’s portfolio is quite concentrated.
3) What is the average check?
$2–4m on entry, follow-on $7–12m.
4) What stage of projects?
Late-seed to late Series A with minimum revenue $1–3m.
5) What industries and geography?
We look for founders from Israel (50%) and Central & Eastern Europe (50%) building businesses in developed markets (#developed).
Focus: #B2B #Software in verticals: #RealEstate, #Devtools, #Hospitality & #Travel, B2B #Fintech, #Healthcare, #Climate software.
We view AI as a tool, not a sector, and don’t invest in AI infrastructure.
6) Are you ready to be a lead investor?
Yes, we always lead rounds.
We prefer projects where investor competition is not too high.
7) Where did the projects you invested in come from?
70% outbound (we find them ourselves), 30% inbound (from investor/founder network).
8) What % of investments are in projects that came through cold messages/emails?
One case so far, open to repeat. We read cold emails regularly but respond only to targeted messages that match our fund criteria.
9) What accelerators, rankings, or startup conferences do you follow?
We rely on Crunchbase or Dealroom databases for discovery.
Conferences are mostly for VC networking. Rankings are not indicative for us.
10) What should be in the presentation to pass your screening?
- Team and their relevant industry experience
- Market size ≥ $1B
- Revenue growth 100%+ per year
11) What return on investment do you expect from the projects?
10x on the first check. Company should have potential to reach $1B valuation.
12) How important is the number of founders (1 or 2+) and whether it is their first project?
Ideally 2+ co-founders.
Key skills/experience:
- Sales energy – ability to sell B2B software effectively
- Founder-market fit – either deep experience in the industry before starting, or personal experience with the problem as a client
13) What “unfair competitive advantage” are you looking for in projects?
At this stage, we focus more on project characteristics: traction + TAM + founder-market fit.
#active #b2b #seriesA #USD3m
1) How many deals do you plan to make?
About 3–4 deals per year.
2) How many projects do you review?
1 investment per 300 calls — low conversion, as the fund’s portfolio is quite concentrated.
3) What is the average check?
$2–4m on entry, follow-on $7–12m.
4) What stage of projects?
Late-seed to late Series A with minimum revenue $1–3m.
5) What industries and geography?
We look for founders from Israel (50%) and Central & Eastern Europe (50%) building businesses in developed markets (#developed).
Focus: #B2B #Software in verticals: #RealEstate, #Devtools, #Hospitality & #Travel, B2B #Fintech, #Healthcare, #Climate software.
We view AI as a tool, not a sector, and don’t invest in AI infrastructure.
6) Are you ready to be a lead investor?
Yes, we always lead rounds.
We prefer projects where investor competition is not too high.
7) Where did the projects you invested in come from?
70% outbound (we find them ourselves), 30% inbound (from investor/founder network).
8) What % of investments are in projects that came through cold messages/emails?
One case so far, open to repeat. We read cold emails regularly but respond only to targeted messages that match our fund criteria.
9) What accelerators, rankings, or startup conferences do you follow?
We rely on Crunchbase or Dealroom databases for discovery.
Conferences are mostly for VC networking. Rankings are not indicative for us.
10) What should be in the presentation to pass your screening?
- Team and their relevant industry experience
- Market size ≥ $1B
- Revenue growth 100%+ per year
11) What return on investment do you expect from the projects?
10x on the first check. Company should have potential to reach $1B valuation.
12) How important is the number of founders (1 or 2+) and whether it is their first project?
Ideally 2+ co-founders.
Key skills/experience:
- Sales energy – ability to sell B2B software effectively
- Founder-market fit – either deep experience in the industry before starting, or personal experience with the problem as a client
13) What “unfair competitive advantage” are you looking for in projects?
At this stage, we focus more on project characteristics: traction + TAM + founder-market fit.
👍5
Fund #F29
#active #b2c #b2b #seed #USD100k #USD500k
1) How many deals do you plan to make?
We make on average 1 deal per month.
2) How many projects do you review?
We invest in roughly 1 out of 60 companies that we review in detail.
3) What is the average check?
$100–700k on entry, up to $2m including follow-on investments.
4) What stage of projects?
Pre-seed, Seed.
First revenue is not required — we are ready to invest early.
5) What industries and geography?
We invest in US-based (#developed) companies founded by immigrants.
We are generalists (#agnostic). Recent examples: #AI, #Robotics, #Marketplaces. No strict limitations, except for web3 projects, which are not in our focus.
6) Are you ready to be a lead investor?
No, but we are ready to invest via SAFE outside the round if the project is interesting.
7) Where did the projects you invested in come from?
Mostly through references, from other funds or founders we know.
We have many portfolio companies, so founders can reach out to us via referrals.
8) What % of investments are in projects that came through cold messages/emails?
None so far, but we do read them because we know strong companies have occasionally reached us cold.
9) What accelerators, rankings, or startup conferences do you follow?
We regularly attend WebSummit and Slush.
In the US, colleagues attend local events.
We rarely engage with startups at conferences; referrals or reaching out through our bot is a better route.
10) What should be in the presentation to pass your screening?
- Concise and well-designed deck (very important)
- Strong team
- Clear logic showing the problem and the solution
11) What return on investment do you expect from the projects?
50–100x
12) How important is the number of founders (1 or 2) and whether it is their first project?
No strict requirements. Important that founders are immigrants.
13) What “unfair competitive advantage” are you looking for in projects?
We do not specifically look for it.
#active #b2c #b2b #seed #USD100k #USD500k
1) How many deals do you plan to make?
We make on average 1 deal per month.
2) How many projects do you review?
We invest in roughly 1 out of 60 companies that we review in detail.
3) What is the average check?
$100–700k on entry, up to $2m including follow-on investments.
4) What stage of projects?
Pre-seed, Seed.
First revenue is not required — we are ready to invest early.
5) What industries and geography?
We invest in US-based (#developed) companies founded by immigrants.
We are generalists (#agnostic). Recent examples: #AI, #Robotics, #Marketplaces. No strict limitations, except for web3 projects, which are not in our focus.
6) Are you ready to be a lead investor?
No, but we are ready to invest via SAFE outside the round if the project is interesting.
7) Where did the projects you invested in come from?
Mostly through references, from other funds or founders we know.
We have many portfolio companies, so founders can reach out to us via referrals.
8) What % of investments are in projects that came through cold messages/emails?
None so far, but we do read them because we know strong companies have occasionally reached us cold.
9) What accelerators, rankings, or startup conferences do you follow?
We regularly attend WebSummit and Slush.
In the US, colleagues attend local events.
We rarely engage with startups at conferences; referrals or reaching out through our bot is a better route.
10) What should be in the presentation to pass your screening?
- Concise and well-designed deck (very important)
- Strong team
- Clear logic showing the problem and the solution
11) What return on investment do you expect from the projects?
50–100x
12) How important is the number of founders (1 or 2) and whether it is their first project?
No strict requirements. Important that founders are immigrants.
13) What “unfair competitive advantage” are you looking for in projects?
We do not specifically look for it.
Fund #F30
#active #b2c #b2b #seed #seriesA #USD50k #USD100k
1) How many deals do you plan to make?
On average, we do about 5 deals per year, but there is no strict schedule. For example, last year we made only one deal.
2) How many projects do you review?
30–50 projects per month.
3) What is the average check?
Our own check is usually $100k. We often bring co-investors with checks of $50k–$100k. We expect the average check to grow in the future.
4) What stage of projects?
Focus on Seed+ and Series A. We don’t consider Pre-Seed projects — the startup should have at least minimal revenue.
5) What industries and geography?
We have offices in UAE, Germany, Kazakhstan, and the US (opening soon) (#global). We consider projects from different industries if they have potential (#agnostic).
6) Are you ready to be a lead investor?
Yes, if we see high potential in the project.
7) Where did the projects you invested in come from?
Most projects come through recommendations from our network.
8) What % of investments are in projects that came through cold messages/emails?
During active investment periods, we may proactively reach out to promising projects. So the % of closed deals from cold outreach can vary from 5% to 20%.
9) What accelerators, rankings, or startup conferences do you follow?
We have a scoring system through which we monitor almost all Russian and many international accelerators, funds, etc.
However, most of the best projects come from recommendations by VIP investors or personal contacts of the founder.
10) What should be in the presentation to pass your screening?
- What problem the project solves
- Revenue and profit over the last three years (if data is available)
- Market size and competitors
- Team
- Average check, LTV, CAC, burn rate
- Justification of technology and uniqueness
11) What return on investment do you expect from the projects?
Expected return for venture projects — at least 30% per year.
12) How important is the number of founders (1 or 2) and whether it is their first project?
Number of founders does not matter, but previous successful cases are important. Founders should focus on a single project and not spread themselves across several projects at the same time. Usually, projects have 1 strong leader and several specialists with defined responsibilities.
13) What “unfair competitive advantage” are you looking for in projects?
We focus on strong founders with breakthrough technologies in promising markets. We also evaluate the project’s readiness for scaling and the ambitions of the founders/team.
#active #b2c #b2b #seed #seriesA #USD50k #USD100k
1) How many deals do you plan to make?
On average, we do about 5 deals per year, but there is no strict schedule. For example, last year we made only one deal.
2) How many projects do you review?
30–50 projects per month.
3) What is the average check?
Our own check is usually $100k. We often bring co-investors with checks of $50k–$100k. We expect the average check to grow in the future.
4) What stage of projects?
Focus on Seed+ and Series A. We don’t consider Pre-Seed projects — the startup should have at least minimal revenue.
5) What industries and geography?
We have offices in UAE, Germany, Kazakhstan, and the US (opening soon) (#global). We consider projects from different industries if they have potential (#agnostic).
6) Are you ready to be a lead investor?
Yes, if we see high potential in the project.
7) Where did the projects you invested in come from?
Most projects come through recommendations from our network.
8) What % of investments are in projects that came through cold messages/emails?
During active investment periods, we may proactively reach out to promising projects. So the % of closed deals from cold outreach can vary from 5% to 20%.
9) What accelerators, rankings, or startup conferences do you follow?
We have a scoring system through which we monitor almost all Russian and many international accelerators, funds, etc.
However, most of the best projects come from recommendations by VIP investors or personal contacts of the founder.
10) What should be in the presentation to pass your screening?
- What problem the project solves
- Revenue and profit over the last three years (if data is available)
- Market size and competitors
- Team
- Average check, LTV, CAC, burn rate
- Justification of technology and uniqueness
11) What return on investment do you expect from the projects?
Expected return for venture projects — at least 30% per year.
12) How important is the number of founders (1 or 2) and whether it is their first project?
Number of founders does not matter, but previous successful cases are important. Founders should focus on a single project and not spread themselves across several projects at the same time. Usually, projects have 1 strong leader and several specialists with defined responsibilities.
13) What “unfair competitive advantage” are you looking for in projects?
We focus on strong founders with breakthrough technologies in promising markets. We also evaluate the project’s readiness for scaling and the ambitions of the founders/team.
👍1
Fund #F31
#active #b2c #b2b #seriesA #USD1m #USD5m
1) How many deals do you plan to make?
3–4 Series A–B deals per year.
2) How many projects do you review?
Average conversion from decks to investment is about 3%, but it strongly depends on the channel the project comes from. If we source it ourselves, the conversion is higher; if it comes from outside, the conversion is lower.
3/4) What is the average check and stage?
Series A — $1–5m.
5) What industries and geography?
80% in the US and India. We also look at projects from other countries, but less frequently and usually not from Europe (#global).
Industries: we understand #Fintech best, otherwise #agnostic.
6) Are you ready to be a lead investor?
In Fintech we are ready; in other sectors we prefer to be a second or third investor.
7) Where did the projects you invested in come from?
In descending order of importance:
- From funds where we are LPs
- From scouts (angel investors and founders we know)
- From the network in general
- Self-sourced projects
We plan to mainly source projects ourselves in the future.
8) What percentage of investments are in projects that came through cold messages/emails?
There was one case, but it’s an exception; cold emails are not a priority, especially long ones.
9) What accelerators, rankings, or startup conferences do you follow?
We don’t track accelerators except YC.
Conferences are not very effective for reaching us.
Our main two working databases are Crunchbase and Pitchbook. If a startup is not listed there, the chance it reaches us is close to zero.
10) What should be in the presentation to pass your screening?
- A clear slide explaining what the company does (surprisingly rare)
- Team (with detailed explanation of how their experience is relevant to the current project)
- Market (logic for TAM calculation is as important as the TAM size itself)
11) What return on investment do you expect from the projects?
For Series A — 10x.
12) How important is the number of founders (1 or 2) or whether it is their first project?
Priority is on repeat founders, but it’s not strict. Solo or not — not important.
13) What “unfair competitive advantage” are you looking for in projects?
We always look for it, usually of two types:
- Unique access to an effective customer acquisition channel
- Unique access to resources/data that can create a competitive advantage for the technology
#active #b2c #b2b #seriesA #USD1m #USD5m
1) How many deals do you plan to make?
3–4 Series A–B deals per year.
2) How many projects do you review?
Average conversion from decks to investment is about 3%, but it strongly depends on the channel the project comes from. If we source it ourselves, the conversion is higher; if it comes from outside, the conversion is lower.
3/4) What is the average check and stage?
Series A — $1–5m.
5) What industries and geography?
80% in the US and India. We also look at projects from other countries, but less frequently and usually not from Europe (#global).
Industries: we understand #Fintech best, otherwise #agnostic.
6) Are you ready to be a lead investor?
In Fintech we are ready; in other sectors we prefer to be a second or third investor.
7) Where did the projects you invested in come from?
In descending order of importance:
- From funds where we are LPs
- From scouts (angel investors and founders we know)
- From the network in general
- Self-sourced projects
We plan to mainly source projects ourselves in the future.
8) What percentage of investments are in projects that came through cold messages/emails?
There was one case, but it’s an exception; cold emails are not a priority, especially long ones.
9) What accelerators, rankings, or startup conferences do you follow?
We don’t track accelerators except YC.
Conferences are not very effective for reaching us.
Our main two working databases are Crunchbase and Pitchbook. If a startup is not listed there, the chance it reaches us is close to zero.
10) What should be in the presentation to pass your screening?
- A clear slide explaining what the company does (surprisingly rare)
- Team (with detailed explanation of how their experience is relevant to the current project)
- Market (logic for TAM calculation is as important as the TAM size itself)
11) What return on investment do you expect from the projects?
For Series A — 10x.
12) How important is the number of founders (1 or 2) or whether it is their first project?
Priority is on repeat founders, but it’s not strict. Solo or not — not important.
13) What “unfair competitive advantage” are you looking for in projects?
We always look for it, usually of two types:
- Unique access to an effective customer acquisition channel
- Unique access to resources/data that can create a competitive advantage for the technology
👍2
Fund #F32
#active #b2c #b2b #seriesB #USD5m
1) How many deals do you plan to make?
We are very selective when choosing deals, as we usually get deeply involved in the operations of our portfolio companies. On average, we make 2–3 deals per year.
2) How many projects do you review?
Out of several thousand applications, we closely review a few hundred and conduct due diligence on 10–15 companies per year.
3) What is the average check size?
On average, $5m.
4) Which stages are you looking at?
Late stages.
5) What industries and geography?
We are industry-agnostic (#agnostic), but typically look for Russian-speaking founders outside of Russia (#global).
6) Are you ready to be a lead investor?
We prefer to be not only the lead investor but, where possible, the sole and active investor.
7) Where did the projects you invested in come from?
We mostly source them ourselves.
8) What percentage of investments are in projects that came through cold messages/emails?
Very few. We usually find the best deals ourselves.
9) What accelerators, rankings, or startup conferences do you follow?
We follow YC and Plug&Play accelerators, although valuations there are often inflated.
We read Sifted and VC.ru.
We regularly attend Web Summit, TechChill, EMERGE, and Slush conferences.
10) What should be in the presentation to pass your initial screening?
There are three key points:
- It should be clear what the business idea is (the headline and first slide should contain a simple and concise explanation of the concept, ideally in one sentence and without buzzwords)
- Company metrics (this is the most important part for us — we need tangible, verifiable numbers and results)
- A clear fundraising ask (how much is being raised, in what format, for what purpose, and at what valuation)
11) What return on investment do you expect from the projects?
We usually do not chase unicorns; 4–5x cash-on-cash over a 4–5 year horizon is sufficient for us.
12) How important is the number of founders (1, 2, or more) or whether it is their first project?
Not important, but it should be clear who among the founders is the operational leader.
13) What “unfair competitive advantage” are you looking for in projects?
We look for companies that create a new business model or drive transformational change within an existing industry.
#active #b2c #b2b #seriesB #USD5m
1) How many deals do you plan to make?
We are very selective when choosing deals, as we usually get deeply involved in the operations of our portfolio companies. On average, we make 2–3 deals per year.
2) How many projects do you review?
Out of several thousand applications, we closely review a few hundred and conduct due diligence on 10–15 companies per year.
3) What is the average check size?
On average, $5m.
4) Which stages are you looking at?
Late stages.
5) What industries and geography?
We are industry-agnostic (#agnostic), but typically look for Russian-speaking founders outside of Russia (#global).
6) Are you ready to be a lead investor?
We prefer to be not only the lead investor but, where possible, the sole and active investor.
7) Where did the projects you invested in come from?
We mostly source them ourselves.
8) What percentage of investments are in projects that came through cold messages/emails?
Very few. We usually find the best deals ourselves.
9) What accelerators, rankings, or startup conferences do you follow?
We follow YC and Plug&Play accelerators, although valuations there are often inflated.
We read Sifted and VC.ru.
We regularly attend Web Summit, TechChill, EMERGE, and Slush conferences.
10) What should be in the presentation to pass your initial screening?
There are three key points:
- It should be clear what the business idea is (the headline and first slide should contain a simple and concise explanation of the concept, ideally in one sentence and without buzzwords)
- Company metrics (this is the most important part for us — we need tangible, verifiable numbers and results)
- A clear fundraising ask (how much is being raised, in what format, for what purpose, and at what valuation)
11) What return on investment do you expect from the projects?
We usually do not chase unicorns; 4–5x cash-on-cash over a 4–5 year horizon is sufficient for us.
12) How important is the number of founders (1, 2, or more) or whether it is their first project?
Not important, but it should be clear who among the founders is the operational leader.
13) What “unfair competitive advantage” are you looking for in projects?
We look for companies that create a new business model or drive transformational change within an existing industry.
👍2❤1
Fund #F33
#active #b2b #seed #seriesA #seriesB #USD300k #USD1m
1) How many deals do you plan to make?
5–7 per year.
2) Out of 100 decks, how many projects do you invest in?
We invest in approximately 1 project out of 300 decks reviewed.
3) What is the average check size?
RUB 50-500 million.
4) Which stages are you looking at?
From Series A with revenue starting at RUB 100 million.
5) What industries and geography?
We invest in profitable, fast-growing B2B #Software companies in Russia #Rus, with a particular focus on B2B #SaaS.
6) Are you ready to be a lead investor?
Yes.
7) Where did the projects you invested in come from?
So far, the most effective channel is investment communities and our network. At the same time, we actively participate in startup ecosystems, accelerators, and conferences.
8) What percentage of investments are in projects that came through cold messages/emails?
We review all inbound cold emails, but in most cases founders manage to reach us through warm introductions (or we proactively approach founders we find interesting).
9) What accelerators or startup conferences do you follow/attend?
We participate in all major Russian startup events — Kazan Venture Forum, Startup Village, and others. We are partners of the Moscow Innovation Cluster, Skolkovo, Innopolis, IT Park Kazan, etc.
We also actively collaborate with more than 20 accelerators, including those run by Sber, Skolkovo, Gazprom Neft, and others.
10) What should be in the presentation to pass initial review?
- High revenue growth over the past few years and strong future growth potential, with current profitability
- A reasonable valuation relative to current financials and post-2022 capital market realities
- A clear description of the product, its market positioning, and competitive advantages (it is important for us to see that the founder understands the current industry landscape)
11) What return on investment do you expect from the projects?
Around 3–5x over 3–4 years, but no less than 30–35% annually.
12) How important is the number of founders (1 or 2) or whether it's their first project?
Not very important.
13) What "unfair advantage" in projects are you looking for?
Ideally, we look for founders with deep industry experience, strong networking capabilities, an understanding of future strategic buyers, and a highly margin-efficient business model.
#active #b2b #seed #seriesA #seriesB #USD300k #USD1m
1) How many deals do you plan to make?
5–7 per year.
2) Out of 100 decks, how many projects do you invest in?
We invest in approximately 1 project out of 300 decks reviewed.
3) What is the average check size?
RUB 50-500 million.
4) Which stages are you looking at?
From Series A with revenue starting at RUB 100 million.
5) What industries and geography?
We invest in profitable, fast-growing B2B #Software companies in Russia #Rus, with a particular focus on B2B #SaaS.
6) Are you ready to be a lead investor?
Yes.
7) Where did the projects you invested in come from?
So far, the most effective channel is investment communities and our network. At the same time, we actively participate in startup ecosystems, accelerators, and conferences.
8) What percentage of investments are in projects that came through cold messages/emails?
We review all inbound cold emails, but in most cases founders manage to reach us through warm introductions (or we proactively approach founders we find interesting).
9) What accelerators or startup conferences do you follow/attend?
We participate in all major Russian startup events — Kazan Venture Forum, Startup Village, and others. We are partners of the Moscow Innovation Cluster, Skolkovo, Innopolis, IT Park Kazan, etc.
We also actively collaborate with more than 20 accelerators, including those run by Sber, Skolkovo, Gazprom Neft, and others.
10) What should be in the presentation to pass initial review?
- High revenue growth over the past few years and strong future growth potential, with current profitability
- A reasonable valuation relative to current financials and post-2022 capital market realities
- A clear description of the product, its market positioning, and competitive advantages (it is important for us to see that the founder understands the current industry landscape)
11) What return on investment do you expect from the projects?
Around 3–5x over 3–4 years, but no less than 30–35% annually.
12) How important is the number of founders (1 or 2) or whether it's their first project?
Not very important.
13) What "unfair advantage" in projects are you looking for?
Ideally, we look for founders with deep industry experience, strong networking capabilities, an understanding of future strategic buyers, and a highly margin-efficient business model.
👍3