EUVC

Christian Hernandez is a founding partner of the newly launched VC firm 2150, a climate VC fund focused on technology companies that seek to sustainably reimagine and reshape the urban environment by solving major problems across the Urban Stack. With a whopping 270 M€ raised in just one year, 2150 is the biggest VC fundraise for a European first-time fund ever and we're diving deep on exactly what allowed them to do that.

In this episode, you’ll learn:
- How a mid-life crisis led to the formation of Europe's biggest first-time fund ever
- What made the difference for 2150's founding team when fundraising
- How 2150's LP-base is much more than financial investors looking for returns
- What's a Gigacorn, why Christian made up the term and how he hunts for them

Kjartan Rist is the founder and managing partner of Concentric, a UK/Denmark based Seed+ and Beyond fund focusing on B2B and B2B2C startups building software companies solving nontrivial problems in traditional sectors. Kjartan has been in VC for 20 years so naturally, we dive deep with him on how the European startup & VC scene has changed over the last two decades as well as his firm, his thesis and his vehement belief in being a hands-on investor.

In this episode, you’ll learn:
- How the European VC scene has changed over the last 20 years & why the perception of Spaniards being on siesta and the French on strike no longer applies to Europe.

- Why the best founders are like cockroaches and what's underlying the current growth in European entrepreneurship

- Why Kjartan hunts for startups that solve non-trivial problems in traditional sectors

- What's causing the funding gap in seed+ to series B and how Kjartan & Concentric delivers value to founders in this space

In this episode we shed light on the growing phenomenon of Venture Builders in Europe which is becoming an ever more used entry path into VC for emerging managers & thus also a more common co-investor for early stage VCs to work with. We're talking to two seasoned vets from the VB world, Stephane Guinet and Michael Niddam founders of Paris/Tel Aviv/London-based Kamet Ventures.

In this episode, you'll learn:
- What are the strengths & weaknesses of different Venture Builder models
- How Kamet thinks about idea origination and founder team creation
- How VCs should think about having venture builders on the cap table
- How VCs should work with venture builders both prior to and after an investment in a VB portfolio company

At just 25 years of age, Simão already has the achievements of a lifetime under his belt; Found a watch brand, check. Join corporate bank and rise to become sub-director, check. Co-found Portugal's strongest Fintech association, check. Raise VC Fund to invest in blockchain startups. Well of course! In this episode we dive deep on the ever-changing blockchain space & Simão's strategy to capitalize it.

In this episode, you'll learn:

- How blockchain is more than million-dollar-cyberpunks & meta-verses
- Why & how blockchain is changing the traditional VC model
- Why Lightshift is part VC fund, part hedge fund
- Raising for a crypto fund, how to approach LPs & Simãos learnings for other emerging managers raising

Ertan Can is the founding managing partner of Multiple Capital, one of Europe's truly visionary Fund of Funds pioneering micro-VC and Seed fund investing. Prior to founding Multiple, Ertan was Investment Director at a Family Office, which led to developing his thesis for Multiple. Ertan has invested in 30 funds with a portfolio of 500+ early-stage tech companies in Europe across more than 50 sectors and hubs.

In this episode, you will learn:

- Why many emerging managers should think twice before raising
- How to communicate to limited partners & why Ertan misses differentiation from GPs
- Why Ertan really loves solo-GPs & micro VCs and how Ertan hunts for new managers across Europe
- How Ertan develops his thinking around new markets & upcoming funds
- Why Ertan is the opposite of a good fundraiser and what he has learned about the effect of outreaches in fundraising.

Ertan Can is the founding managing partner of Multiple Capital, one of Europe's truly visionary Fund of Funds pioneering micro-VC and Seed fund investing. It's no coincidence that Ertan has named his fund Multiple, as the word holds the key to his strategy; democratize access to a diversified portfolio of multiple managers across multiple geographies, multiple sectors, and multiple vintages.

In this episode you'll learn:

- Why Ertan started Multiple & what it's like to raise for an FoF in Europe
- Why Ertan focuses on emerging managers and what he looks for
- Why track-record cannot be your main criteria when evaluating Emerging Managers
- The role of KPIs and reporting for emerging managers
- Why investing is more about being a cockroach than a hero

Cyrus Shey is the managing partner of Bregal Milestone, a 500 M€ growth fund investing all across Europe. Bregal Milestone pioneers a sourcing strategy focused on people, process and technology that allows them to engage nearly 100 companies weekly & has resulted in Bregal having closed all deals without a competitive process. Bregal Milestone stands out as a value-add investor with a hands-on team that Cyrus refers to as both a SWAT-team and in-house M&A department.

In this episode you’ll learn:
– The differences between the EU and US growth-stage markets
– The benefits of raising a fund embedded in an established investment firm
– Bregal Milestone’s use of data to create a competitive advantage
– Bregal Milestone’s endemic diversity and how that helps scale-ups grow in Europe
– M&A as a core tactic to fast-track European expansion.

Vinoth Jayakumar is a Partner at Draper Esprit - one of Europe's very few publicly listed VC firms. They were first founded in 2006 and now manage more than a billion euros, they've made more than 125 investments and have created more than 5 billion in returns for their investors. At Draper Esprit, Vinoth focuses on the future of finance, Insurance, fintech, proptech and cybersecurity. He's interested in all of it, but what gets him truly excited is companies that aren't afraid of targeting the whole stack of financial products and services. No easy pickings for Vinoth.



In this episode you’ll learn:

- The anatomy of Draper Esprit, why they IPO’d their fund and the benefits it brings

- Why Draper Esprit’s investment strategy includes a FoF & secondaries focus

- Vinoth’s take on the recent changes in the European VC market

- Why ESG is more than a box ticking exercise to Vinoth and how to work with portfolio companies on it.

Lara Koole is the co-founder of Carbon Equity, the first global alternative climate investment platform and one of the most ambitious attempts to democratize access to VC investing. In this second part of our talk, Lara Deep dives with us on the plans to make Carbon Equity a force to be reckoned with, aimed at helping to re-define the Climate VC space.
Lara shares with us how she draws on her experience at Phillips to make her vision and dream job come true, what she looks for when evaluating funds to invest in, or how the European Union is helping to pave the way to more transparent climate investing.

In this episode you’ll learn:
-How evaluating funds in the climate VC space is influenced by the sense of purpose of the team
-How Lara views carry distribution models and other alignment tools
-Carbon Equity’s plans to become a beacon in the LP community
-The GP commit controversy and Lara’s take on it
-Greenwashing in the VC scene and the European Union’s contribution to end it.

Lara Koole is the co-founder of Carbon Equity, the first global alternative climate investment platform and one of the most ambitious attempts to democratize access to VC investing. Lara is also a former partner of Phillips Ventures where she set up their Corporate Venture fund, doing both direct investments and Fund investments.
Lara and her team have just closed their first financing round and are in the midst of building their first Fund of Funds-feeder fund. In this first part of our talk, Lara takes us behind the scenes of Carbon Equity and to how they’re changing the way VC works.
In this episode you’ll learn:
-How Lara and her team are unleashing the power of VC to tackle climate change
-How retail investors are going to be able to invest in VC through Carbon Equity
-Why and how the VC model is adapted by Carbon Equity, including a “no carry” policy (!)
-Perspectives on Feeder Funds and why Carbon Equity are using them