Technology VC
Does 540% return on your investment sound good? Yes, a 5.7x is what the Belgium GP delivers on fund I. Fund III targets 5x. Best-in-Class return according to CalPers (Californian mega-pension fund).
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Fintech, SaaS and AI are focus areas of the manager.
Exceptional team, track, sourcing, governance creates a high degree of trust - this is supported by a long list of investors.
1st close held at €80 million and investments with frequent co-investment opportunities are being made. ​​​
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Investment strategy
Fintechm Saas, AI, mostly Europe, Seed-Series B, strong teams and products - see the deck for additional process info.
Track record
Fund I is at 5.7x. Fund II target 5x.
Key people
Wouter Volckaert, Filip Coen - Managing Directors
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Portfolio construction
Seed - Series B, max 30 investments, Europe first, but up to 20% outside.
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Governance
Capital returns upon receipt, max. 20% of allocation reinvested during investment period, Belgium 'Privak', GP commitment 1%.
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Terms and conditions
5-year investment period with 20% annual capital calls, 10-year fund. 2/20 (7%), 50% initial/50% follow-on, avg ticket €2.5m - max 30 investments.