Kockázati tőkealap kezelő/Vespucci Partners Capital kockázati tőkealap

"We support globally minded founders who dive into the unknown and make history by being the pioneers of change"

Our Purpose and Vision

Vespucci Partners aims to find and support those Central European startup teams that have a truly disruptive product and are capable of achieving success in the global market. We believe that this market can produce unicorns as well, and we want to be the investors who help grow these potential startups get closer to that stage. We think that success depends on a lot of other aspects next to financial support. So we give our startups more than just money, we provide smart capital with portfolio management experts from all areas, guidance and contacts for a successful international expansion.
FUND SIZE
41 M EUR
Deal size per startup
600k - 4.5 M EUR
Target stage
Seed - Series A
Target number of investments
20

What we are looking for in startups

Strong and agile teams with a vision and capability of executing it
Strong and agile teams with a vision and capability of executing it
Products / services that are scalable and truly disruptive
Products / services that are scalable and truly disruptive
International growth potential with a plan to expand towards the US or high growth Asian markets primarily
International growth potential with a plan to expand towards the US or high growth Asian markets primarily
Companies with a potential to exit with a 10x return
Companies with a potential to exit with a 10x return
Products / services that provide a solution to a real need
Products / services that provide a solution to a real need
High barriers to entry e.g. through technology or government regulation
High barriers to entry e.g. through technology or government regulation
Proprietary technology
Proprietary technology

Investment Process

Application for financing by registering into our data room.

Application

1
1
1
1
Application
The teams fill out a questionnaire, upload their one pager and lean canvas. The startups will be evaluated based on these by our analysts.

Questionnaire + One Pager + Lean Canvas

2
2
2
2
Questionnaire + One Pager + Lean Canvas
Two analysts meet with the startup teams in person. They listen to their pitch and then ask questions to have a better understanding of the project. At this point, they mainly focus os assessing the abilities of the team and getting answers to the arising questions.

Personal Meeting: Pitch

3
3
3
3
Personal Meeting: Pitch
The startups upload all of the required documents, so that we can run a deeper analysis and decide whether we find their business plan to be sound and viable. For the list of required documents click on "More Information".

Uploading documents into the data room

4
4
4
4
Uploading documents into the data room
The startups pitch again and the screening team with experts from different areas will ask questions based on the materials requested.

Q&A interview with the experts

5
5
5
5
Q&A interview with the experts
Under the guidance of the Investment Manager, the experts perform the respective analytical tasks for the project (eg. market, competitors, team, etc.) and decide whether it is worth presenting the project to the Investment Committee. If so, they put together a proposal about the startup and the investment opportunity.

Screening for the GO - NO GO decision

6
6
6
6
Screening for the GO - NO GO decision
The Investment Manager presents the startup and the investment opportunity to the Investment Committee. The Committee will make a decision about whether they consider the project worth investing in and thus starting the Term Sheet negotiations and Due Diligence process.

GO - NO GO proposal and decision

7
7
7
7
GO - NO GO proposal and decision
Negotiating the investment terms and coming to a final agreement.

Term sheet negotiations

8
8
8
8
Term sheet negotiations
Legal, technology, tax and accounting due diligence of the startup. In addition, a deep screening of the risk points of the project identified during the screening process up until this point.

Due Diligence and deep screening

9
9
9
9
Due Diligence and deep screening
If the due diligence process has a positive result then the lawyers will write an investment and syndicate contract based on the signed term sheet. This document will provide a guideline for the operation of the startup once the investment is made.

Writing the investment and syndicate contract

10
10
10
10
Writing the investment and syndicate contract
The Investment Manager presents the startup to the Investment Committee once again, but in this round including all the Due Diligence results and the negotiated investment terms. The Committee will decide whether to invest in the startup and disburse the money to them.

Investment Committee's decision about the disbursement

11
11
11
11
Investment Committee's decision about the disbursement
Signing the Investment Agreement and disbursing the money to the startup.

Contract Signing and Disbursement

12
12
12
12
Contract Signing and Disbursement
Steps of creating a Hybrid Startup

Team

Stickl László
László is the one who makes sure that at the end of the day our money is going to be returned with a high return. Having worked in the financial world for more than 20 years he has an expertise in analyzing risks. When betting our money on startups, this knowledge is invaluable.
Sohajda Júlia
Julia's cross continent experiences played a big role in realizing the arbitrage possibility and shaping Vespucci Partners’ investment strategy. She is responsible for our constantly widening partner network, as well as making sure that the Vespucci brand always shines bright and is well known in th
Szarvas Attila
Attila is the one who makes sure that both Vespucci's, as well as our portfolio companies’ finances are always impeccable. He is responsible for the management of our back office as well.
Macher Péter
Peter is our in-house technology expert. After a short look at any technology he can tell whether the project truly has something proprietary or not. He is also responsible for Vespucci's organizational and process management.
Darai Zoltán
Zoltán is our excel geek. When he analyzes a financial model, there is not one fault that will pass by him. He makes sure that the financial forecasts and the cost projections of the startup are reasonable and aligned with their business plans and goals.
Zsigmond Levente
Levente is our ears and mouth towards the startups. All incoming deal flow goes through him and he is the one keeping in contact with them and helping them along the investment process.

Advisory Board

Szántó Károly
Károly has been selling his whole life, so his experience in creating successful sales strategies is vast. As such he can easily tell whether a startup's sales plans are viable and achievable.
Molnár István András
István has a long history in the investment field and growing startups. As such, he is the one responsible for evaluating the growth plans of our startups and once in our portfolio, helping them along the way with strategies, connections and advice.
Laszlo Horvath
László is our team member on the US side of Vespucci's bridge. He is in Silicon Valley and he analyzes each incoming startups potential from a perspective of whether they could succeed in the US market. Once a startup is in our portfolio, he works closely with them to "export" the project efficientl
Sivó Imre


Portfolio

Transcend
Transcend exists to help Engineering & Construction firms (E&Cs) and Technology OEMs automate the preliminary engineering process. Like CRM and ERP before us, our goal is to automate this core business process in order to enhance the bottom line via cost savings and revenue growth. Transcend leverages its software to help transform the culture of these firms so they can systematically assess new technologies and design approaches that help solve our climate crisis.
innoMask
innoMask Technologies is a medtech research and development startup company working in the field of invasive airway management. They’re developing the next generation of laryngeal mask airway devices. This advanced application with its increased atraumatic feature is able to minimize the complications during medical procedures and provides an easier execution for medical professionals.
Copyright 2019-2020 - All rights reserved.