Johannes Behringer

Germany-based venture capital fund Robin Capital closed its Robin Fund One at 13 million euros (about $13.6 million). #venturecapital #veteranventures

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Great to see what Jan Thomas and his team at Startup Insider did with the new Investors Report 2024 for the DACH region! Anyone who wants to learn more about the German #venturecapital ecosystem and its investors, go get the report: https://lnkd.in/ehiVqmX6

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After closing a Series A funding round, companies enter a pivotal phase where the right approaches significantly influence their journey toward Series B. In brutkasten, Jan Lozek and I recently shed light on the critical strategies companies should adopt after securing Series A funding. 👉🏻 Here are the more top priorities companies should focus on post-fundraise: 📈 Optimize cash flow:  Investors are particularly interested in startups that efficiently manage their cash flow, maximizing growth and revenue while keeping expenses in check. 💰 Show them the money: Show investors how exactly you are making money: real customers, real sales, economies of scale. In other words, show you have a plan and that the plan is working. To outline flexible sales models, and exchange various key parameters, will also be a win. 🚀 Partner up, big time: Leverage your existing networks instead of spending more capital. Corporates can be great partners at this stage and could vouch for your startup. Be it for accessing a market or for increasing your sales, it always pays off to have the right partners. What additional tips would you add for companies navigating this crucial transition? 💡 #SeriesA #Funding #StartupGrowth

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70+ years of venture capital experience in one row! Great panel with my four superstar guests at the Crypto Asset Conference at Frankfurt School. On the panel today, I had Alex von Frankenberg from HTGF | High-Tech Gründerfonds, Olaf Hannemann from CV VC, Dominic Briggs from Blockwall, and Heinrich Zetlmayer from yabeo  . In case you missed it, stay tuned for the video recording, which we will post soon. #cac24a #cryptoassetconference #frankfurtschool #venturecapital #web3 #blockchain #bitcoin

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A milestone worth celebrating! Five years ago, our Index Ventures team launched #NotOptional alongside more than 500 CEOs and founders to improve stock options and conditions for employee ownership at European startups. A lot has changed since we started in 2019: The most celebrated win so far goes to Germany 🇩🇪, one of the biggest economies in the world that used to have one of the worst stock options policy in Europe. Last year, the German Parliament voted to turn their failing policy into one of the best in the world. 10 other countries also updated their stock options legislation: the UK 🇬🇧, Portugal 🇵🇹, France 🇫🇷, Austria 🇦🇹, Czechia 🇨🇿, Spain 🇪🇸, Latvia 🇱🇻, Lithuania 🇱🇹, Greece 🇬🇷, and the Netherlands 🇳🇱. 7 countries now have policies that match or exceed the US: Germany, France, Portugal, the UK, Lithuania, Estonia and Latvia. Only one, Estonia 🇪🇪, already had a policy better than the US in 2019. That includes Europe’s three largest economies and the largest VC hubs. There’s still a long way to go for some countries. Finland 🇫🇮, Switzerland 🇨🇭 and Norway 🇳🇴 have the worst policies, followed by the Netherlands (even with updated legislation already), Belgium 🇧🇪 and Denmark 🇩🇰. These are countries with strong tech credentials where the tech innovation flywheel is being hampered. With the help of European entrepreneurs everywhere, we will keep pushing until every single European country’s options policy is at least as attractive as the US! There is no reason why they can’t be. We are also working on taking it to the next level: standardization at the EU level through a single corporate entity. The “EU Inc.” initiative launched earlier this month and builds on the success of #NotOptional at Andreas Klinger European Accelerationism. Thankfully, the challenges European startups face are more in the spotlight than ever because of Mario Draghi’s report to the European Commission in September, which emphasized that innovative startups should have the opportunity to adopt a new EU-wide legal statute. Already, the European Commission has established a Stock Options Working Group, the European Securities and Markets Authority has urged the Commission to consider a dedicated EU-wide framework for ESOPs, and commission president Ursula von der Leyen appointed the first-ever commissioner for startups. Every improvement makes it easier for startups to attract and retain talent and makes it more likely that the next tech giant will come out of Europe. To everyone involved in this fight, congratulations on five years of progress. Now let’s keep going!

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Thank you, ZyCrypto and Krypto News Deutschland, for including us in your recent list of "10 Fast-Rising Crypto VCs Shaping the World of Web3" together with our esteemed VC colleagues from all around the world. And yes, "it does take a village to raise a startup" but nothing beats working with obsessed founders on a mission! Recall, Trever, River Platform Company, OpenQ, KINO https://lnkd.in/en3SvQ5t #blockchainfounderscapital #zycrypto #venturecapital #blockchain #crypto #startups

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Private Equity: Resilience in Times of Crisis – The Facts Speak for Themselves! 💡📊 An impressive 25-year analysis reveals how private equity has consistently proven its strength during global crises. Here are the standout stats from Schroders’ study: 🔹 5 major crises, including the 2008 financial meltdown, the COVID-19 pandemic, and the dot-com bubble, tested markets worldwide – yet private equity held firm. 🌍 🔹 Returns: Despite economic shocks, private equity funds delivered an average annual return of +14%, compared to just +8% in public markets. 📈 🔹 Drawdowns: Public markets saw drawdowns exceeding 45%, while private equity held up far better, with declines of only around 20%. 🔹 Cash distributions: Even in turbulent times, private equity funds returned an average of 70% of committed capital to investors – showcasing the industry’s strong liquidity. 💸 🔹 10 million jobs globally are supported by businesses backed by private equity – a significant driver of economic and social progress. 💡 The takeaway: Private equity demonstrates that long-term vision and active management pay off, even in the toughest times. 👉 Curious for more? Dive into the full study here: https://lnkd.in/dWWsTJAK #PrivateEquity #Innovation #Transformation #Economy #PrivateCapital #CrisisResilience #LongTermGrowth #StrongReturns #Investing #FactsMatter 🚀📊

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The digital world thrives on start-ups, which require support through robust capital markets and minimal bureaucratic interference. While Germany provides a strong support system for established companies, it falls short when it comes to fostering start-ups. The country lacks a modern venture capital ecosystem, and its subsidies are designed to benefit large corporations with extensive legal resources, not entrepreneurs focused on growing their businesses. Bureaucracy poses a significant challenge - large companies can navigate it, but small businesses often cannot. #venturecapital #investing #startups #germany

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ORANGE CAPITAL PARTNERS SIGN COSMO FOR EUR 422.5m Thrilled to share that we at Orange Capital Partners have signed an agreement with Adler Group on the Cosmopolitan portfolio at a valuation of €422.5 million. This includes 6,788 rental units across key cities in North Rhine-Westphalia, like Düsseldorf, Essen, and Dortmund. With pricing in Germany reaching attractive levels, we believe this is the perfect moment to invest, further reinforcing our confidence in the German residential market, which we have been analyzing closely for years. This acquisition caps off what has been a very strong 2024 for OCP, as we continue to expand into new markets and execute on our strategy to create a leading residential champion in Europe. Excited for what’s ahead of us as we build on this momentum in 2025! 🚀 Link to the Adler Group press release: https://lnkd.in/e2gkRWeg

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Excited to share what I learned from Sandro Stark, founding partner at Vanagon Ventures backing FrontierTech from Munich/DACH 🚀 to the World at the YUVC video podcast (links in comments) 💡 Above all, Sandro is a super nice person to get along with and has a great NPS from founders 👋 Here 3 Core Takeaways ✨ 1. Vanagon’s approach to startup evaluation 👀 - Distribution capability is now the key differentiator, not just technical innovation - Customer "stickiness" and deep industry understanding - The solution must demonstrate both climate impact and profit potential 2. Why is Munich's ecosystem strategic? 🇩🇪 - Part of DACH region - third-largest market globally after China and US - Rich concentration of technical talent and corporate headquarters - Untapped potential in Mittelstand venture engagement 3. What's the philosophy behind sustainable success? 😉 - Don't postpone happiness for future achievements - True leadership creates more leaders, not followers - Consistent effort matters more than breakthrough moments Now listen in for more insights! ❤ Kudos to his great co-founders/GPs @Vanagon: Susanne Fromm Axel Roitzsch Shoutout to their amazing portfolios: Senken Particula Renoster youba The Landbanking Group LoopID heartstocks Learn.xyz ExoMatter and more

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Three biggest learnings from a fundraising journey. Shared by Rainer Märkle, General Partner at HV Capital at EUVC 1/ Have a time box with a deadline attached. Have a defined horizon & create a clear plan. Have some urgency to get things done at some point. Execute very transparently and reliably. 2/ Stick to your narrative. But don't do it blindly. Tweak it when necessary. Adapt it. Don't let yourself be surprised by major changes. Keep focusing on delivering according to your strategy & plan. 3/ Fundraising is a marathon with many sprints. There are moments when you'll ask yourself - Why do I do this? Is it gonna work out? But don't get too negative during the down phases. Adapting and pivoting is part of our job. As it is for the founder of a company. How about you? What fundraising lessons have you learned? Join the conversation. 🔽 #venturecapital #angelinvesting #startupfunding #europe

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"The last 18 months have been brutal. Many startups that received high valuations during the 2021 boom are now struggling to survive." says Gina Domanig, Managing Partner at Emerald Technology Ventures in this Forbes Austria article. Yes, 2024 has been a tough year for many fledgling companies. But I am encouraged by some of the startups scaling disruptive technology and business models in service of accelerating the energy transition in India and across the Asia Pacific and Middle East. They will survive and thrive - with the support of a growing investor community who have come to appreciate that the global south possess truly innovative solutions. One of the highlights for me this year was the first Asia Climate Tech Venture Fair, held in Singapore in October. The brainchild of Gina and her team, it brought together a critical set of VCs, CVCs and PE firms to share insights and leads on startups in the region. Looking forward to more conversations in 2025. Read now: https://lnkd.in/dhEtFTbV #Cleantech #Venturecapital #Innovation #Startups #energytransition #Corporates #Climatetech #Entrepreneurship #Sustainability #Futureoftech #Cleantechventures #Startupgrowth #Corporatecollaboration #Techinvestment

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This week in European startup land and investing - what is happening? Monik, Mads and I talk about Germany's €12bn WIN Initiative, startups moving to the States, Naval and the libertarians, what interest rate cuts really mean, the new EU commissioner for startups and much much more. The Seed Episode 10 is now up on all pods with links in comments - Startups moving from Europe to the US - who, when, why - The Real Impact of US Interest Rate Cuts on Global Investments - UK's Economic Challenges and Labour's Uphill Role - Germany's €12bn Initiative to Boost Startup Investments - We Have an EU Commissioner for Startups - Any Teeth? - Proxies for Economic Health in Startup Ecosystems - Regulation or Regulation? Let's Regulate... Love your thoughts.

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Honoured to be featured in the latest Tech Funding News article discussing Germany’s role as a leading tech hub. 🚀 I’m also proud to see standout companies from the Earlybird Venture Capital portfolio—N26, Marvel Fusion, Isar Aerospace, and others—highlighted alongside my alma mater, Technical University of Munich, which is another key driver of innovation in the country. While Germany is often dubbed the ‘Silicon Valley of Europe,’ there’s still much to do, such as overcoming regulatory challenges and channeling more growth funding into promising startups. My advice for those navigating the Central European startup landscape: Leverage government-backed funding, connect with business angels, and build relationships with established companies. Do not wait to build a global network early on. Together we can strengthen this ecosystem so that one day it can truly live up to its nickname. Read more by Sofia Chesnokova here: https://bit.ly/404yyXr Cc: Dr. Hendrik Brandis, Paula Wehmeyer, Mario Kohle, Filip Lukac, Benjamin Berényi, Elisheva Marcus #Innovation #DeepTech #VentureCapital #GermanyTech

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Germany’s Investor Drop – Why Climate Tech is Bucking the Trend A recent article by Nadine Schimroszik in Handelsblatt today mentioned that the number of active investors in Germany has dropped by 40% this year. Based on PitchBook data, the conclusion is that venture capital in Germany has become significantly more challenging, particularly in early-stage and growth-stage investments. However, for Climate Tech, the story is different. Despite the overall decline in venture capital, the sector continues to attract attention, with a 16.2% increase in pre-seed and seed investments. Indeed, we have seen some positive developments recently: 1. Growing Commitment to Addressing the Climate Crisis 🌱 2. Long-term Investment Horizon ⏳ 3. Robust Capital Availability for Scalable Solutions 💰 Big thanks to Nadine Schimroszik for raising awareness on this important issue. As investors, how can we ensure we're not just reacting to trends, but actively driving the transformation needed for a sustainable future? 🌍🔋 #ClimateTech #SustainableInvestment #VentureCapital  

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🚀 A Conversation on Enabling Healthcare Innovation with Venture Capital: I recently had the privilege to welcome Nicole Graner from the Süddeutsche Zeitung at our YZR Capital headquarters. Article in 1st comment. Tldr: 🔎 Critical need for venture capital in fostering healthcare innovation. 🔎 How our expertise-driven approach is making a difference. 🔎 My journey as a physician, entrepreneur and investor, always deeply intertwined with my passion for #healthtech. 💡 That's why: alongside Markus Feuerecker I co-founded YZR Capital with a clear vision: to propel European healthtech startups into global leadership positions. 💡 We strongly believe that our team’s expertise in health is key to supporting founders who are dedicated to change the European healthtech ecosystem. ✔ Apparently our name is difficult to pronounce – for everyone who is still wondering, it’s “wise” with an R at the end ;) -> Thanks again to Nicole - it was a pleasure! And thanks to the fantastic team at YZR Capital - Christina Schmidt, Paul Epple, Urs Keller, Holger Ebersberger, Elmar Willebrand, Michael Dr. Bitzer. #HealthTech #VentureCapital #Innovation

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European family offices should allocate more to private equity! By region, family offices in North America allocate 35% of the average portfolio to private equity and 8% for hedge funds; in Latin America, 18% and 2%; in Switzerland, 18% and 3%; in the rest of Europe, 22% and 4%; in the Middle East, 27% and 5%; in North Asia, 18% and 6%; and in Southeast Asia, 19% and 5%. #familyoffice #wealthtransfer #assetallocation #investmentstrategy #investmentmanagement #privateequity #returnoninvestment #portfoliomanagement #risk #return

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Many factors play a role when fundraising. How fast does ECB's interest rate decisions translate into market actions? #ecb #funding #fundingrounds #venturecapital #privateequity #publicfunding #markets #interestrate #policy #sentiment #investmentstrategies #rateprediction

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How is your New Year's Resolution going? Have you made a plan? Set goals? Or write down what you want to achieve? Are you eating better? Running faster? Or sleeping longer? One of my favorite questions to ask founders for the past few months and still is now: What is your biggest challenge for 2025? #challenge #newyear I want to hear your doubts, struggles, problems, and worries. You should be constantly worried (but I do hope not constantly). You have chosen a life as an entrepreneur, a path I usually do not wish even on my worst enemies. This question is telling perfectly. We can solve the problem we know we have and face it directly. Here are some of the major ones I have heard thus far. If none of these are yours, maybe you are very lucky! 💰 #Fundraising - Let's be honest: Why would a founder want to get on a call with a VC? The No.1 challenge for start-ups lies in runway, burn rate, and the never-ending expenses to keep the mill running. 📈 #GTM Strategy and PMF validation - I have heard founders and entrepreneurs talk about "building" too many times. I get it; they love to build, so why would they otherwise choose to become entrepreneurs? Do not forget, your product needs a customer! 👯 #Hiring and #Expansion - Nobody can do it alone. You need a good team, whether fantastic engineers, killer salespeople, or just the right legal person, to help you jump through all the hoops. 👏 #Marketing & #Brand Recognition - Ah yes, the good old marketing campaigns! Nobody can get away from it. We all need brand awareness, increasing name recognition, and word of mouth! Sooner or later, these challenges will become a top priority for most founders to solve. Think hard and keep thinking. They become significant challenges to most start-ups regardless of their business model, product, and sector focus because no one formula fits all, and there is no simple solution. Everybody's business is different, yet the struggle remains essentially the same. So, how do you solve them as a founder, a BD, a salesperson, a strategist, an employee, or an advisor? We at tbv love to hear and stand alongside founders and entrepreneurs who are honest, candid, and passionate. It takes more than one person to succeed, and having the right partners by your side makes all the difference! #crypto #web3 #newyear Tobias BauerBrent FulferFarah Aridi tbv

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