GP LP Pitch Event - Online 10.12.2024 15:00 CET
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Backing the best funds on the globe.
We are a highly digital & tech enabled investor. As we screen hundreds of funds every quarter we love structured, normalized and well crafted data. For this reason we run our entire fund screening process on a digital platform. This helps us to make better investment decisions and thats what our own LP appreciate.
About us
Portfolio Funds
20
Avr. ticket
~1m €
Screened funds
2,000+
IC member
4
Check size range
200k-5m €
Want to see a great profile in action?
Check out our AQVC Discovery Profile
Apply if you meet our investment criteria
Preferred stage focus
Pre-Seed, Seed, Series A
Geography focus
Europe (~60%), US (~30%), Rest of World (~10%)
Fund maturity
50% Emerging  
(Alpha generation at +5x net ),
50% Established   (Baseline performance at +3x net)
Sector Focus
Deeptech
Fintech
Keywords
Founders
Founder friendly
Network
Chat GPT
Cloud computing
What gets us excited in funds?
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Teams built on trust, high conviction & commitment
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Proven track record as investors (TVPI & DPI performance)
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Exceptional upstream networks and proven quality graduations
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Well-known co- and follow-on investors
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Unique dealflow access
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Discipline within a defined investment strategy
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Strong reputation among Founders, LPs & GPs
What are typical reasons why we pass deals?
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Inconsistency in investment strategy execution
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Mismatch between fund size and investing partners
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Lacking a track record in a defined investment strategy
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Missing portfolio graduations and DPI for older vintages
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Low GP commitments
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Underdeveloped and homogene network towards upstream investors
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Fluctuation within the team
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Lacking honesty or proof of learning capability
How we rate your fund
We have developed 65 criteria in 6 Buckets to evaluate and rate funds on a quantitive and qualitative level
chart
legend
Great
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Neutral
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Poor
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Rating
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Avr. of portfolio funds
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Avr. of all rated funds
Our Fund Investment Team
Marius
Marius - Founding Partner
• Lawyer & fund manager
• +90 directs over 3 VC vintages
• IC member, Investor Relations
Oliver
Oliver - Founding Partner
• Lawyer & founder (exited)
• +30 directs
• IC member,  Investment Management
Marcus
Marcus - Founding Partner
• 2x founder (exited)
• +75 directs
• IC member, Technology
Ameer
Ameer - VP Investments
• 100 fund investments
• +8y of FoF
• Investment
Obtain references from our portfolio funds
Nucleus
Abstract
Frst
Scale
Pale Blue Dot
Maple
Whitestar
Symbol
Signature
Dig Ventures
Frequently Asked Questions

What is the relationship between AQVC Fund of Funds and the AQVC Discovery Platform?

The relationship between the AQVC Fund of Funds and the AQVC Discovery Platform is that of an independent user and a service provider. The AQVC Fund of Funds is an independent investment firm that leverages the AQVC Discovery Platform to digitize its fund screening and review processes as an LP (Limited Partner). The Discovery Platform, which supports LPs and VC funds in the capital formation process, remains a separate entity. While both operate independently, the AQVC Fund of Funds uses the platform to enhance its investment decision-making process.

When will I get feedback if AQVC is interested in investing?

You will receive feedback on our “pre-screening” within 5 working days after submitting your fund profile link to our team. In very rare cases, this may take longer. We highly value active communication and a sense of urgency, so please feel free to reach out and ask for an update after 5 working days.

How do you decide if you invest in a fund or not?

Our decision process involves two key steps:

- Pre-Screening: We first determine if your fund aligns with our portfolio construction strategy based on factors such as "Sector focus," "Geography focus," "Stage focus," "Fund maturity," and "Type of investments."

- Evaluation Criteria: We then compare your fund against various evaluation criteria, including "Track record," "Strategy & future performance indicators," "Team," "Risks," and "Process, governance, and others." While we assess up to 60 core criteria, our focus during pre-screening is on the most relevant ones.

What are your most important criteria for your initial screening?

In the pre-screening phase, we emphasize:

- Fit with our portfolio strategy
- Track record performance, with a high focus on DPI
- Graduation rates & quality of graduations in your track record
- Understanding of startup risk factors and mitigation strategies
- Craftsmanship in deal-making
- Professionalism in investor relations and fundraising
- Reputation of the team and fund

The weighting of these criteria may vary depending on whether your fund is emerging or established

What is your investment mandate and program?

- We invest exclusively in VC funds, not in start-ups (directs).
- We participate in secondaries and primaries in VC funds.
- Our allocation is approximately 60% to Europe, 30% to the US, and 10% to the rest of the world.
- We focus on early-stage funds but also invest in later-stage funds.
- Our investments are roughly equally split between emerging and established funds.
- Our ticket size range is between 200k-5m€

How is the investment process structured?

The investment process at AQVC is structured into several key steps:

1. Pre-Screening Result: After submitting your fund profile, you will receive a clear response within 5 working days, indicating either a yes (we are interested and want to schedule a call) or a no (we are not interested at this time). If we do not see a fit at this point, we encourage you to stay in touch and update us on your progress.

2. Pre-Screening Call: If we decide to proceed, we will schedule a structured Pre-Screening Call. Following this, we will create an investment target profile, which will be reviewed in our weekly deal flow meetings.

3. Due Diligence (Deep-Screening): Upon a positive outcome from the Pre-Screening Call, we will conduct a thorough due diligence process (deep-screening) and prepare a pre-investment memo. This memo will be discussed during our monthly deal selection meeting. Typically, around 25% of deals that reach this stage convert to the next phase, and this process usually takes 4–6 weeks.

4. Final Investment Committee (IC): If the deal continues to show promise, we will carry out a final round of due diligence and prepare an investment memo for presentation to our Investment Committee (IC). Generally, 90% of deals that reach this stage are approved, and this final stage typically takes an additional 2–4 weeks.

Can I count on your support if you decide not to invest?

Absolutely! If we decide not to invest, you can still rely on our support as we will provide feedback and suggestions for improvement. Additionally, the AQVC Discovery unit offers technology and services to assist funds in the capital formation process with LPs. We encourage you to schedule a call to learn more about how these resources can help you even if we do not invest directly.