Series A funding is what most startups aim for. Yet this is not the only way to secure funding for innovative business ideas. In fact, a growing number of funds specifically target startups across various sectors and regions in Europe. Such funds provide an excellent opportunity for startups to access capital without the added complexity seen in Series A funding rounds.
One such fund is Roundtable, a French startup that operates an angel investment platform for European startups. Backed by eFounders, the company streamlines the administrative, legal, and financial processes associated with startup investments. What sets Roundtable apart is its focus on European startups, and its ability to attract seasoned angel investors through its social features.
What does Roundtable do, exactly?
Roundtable sets up special purpose vehicles based in France or Luxembourg when investors want to buy shares in a startup it has listed. Roundtable allocates the carried interest from other investors to the angel who is responsible for the SPV. This platform’s pricing is also flexible, charging 1% of the amount raised by the vehicle, with a minimum of €5,000 and a maximum of €15,000, and with some additional secondary sales fees.
Angel investors bring an investment opportunity to the platform, which other angels can then follow suit on. By leveraging the social features on the Roundtable platform, influential angels bring deals and add value by increasing the amounts raised. Some of the most active angels investing through Roundtable include Christopher Zemina in Germany/Austria, Olivier Pailhes in Spain, Roxanne Varza who created a community of female business angels, and Pieter-Jan Bouten in the Belgian tech ecosystem.
Roundtable is becoming increasingly popular among startups based in France, Belgium, the Netherlands, and Luxembourg. In its first few months, the company has already managed more than 100 deals and represents €50 million in assets under administration. This success was thanks, in part, to the eFounders backing Roundtable, which is effectively promoting it within the European startup community.
Final Thoughts
While there are other funds available for startup investments, Roundtable is a unique opportunity to connect with angel investors in Europe that can facilitate the growth of your innovative business idea. With its effective platform, competitive pricing, and high-quality angels, startups can be assured of a strong foundation for success. The company’s focus on Europe only marks a golden opportunity for the thousands of startups across the region to raise capital and secure funding without the complexity associated with Series A funding.#Roundtable #raises #funding #Roundtable
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