-
edrone Fundraising (III)
🚀 Transaction summary VC equity round of $5M at a $30M valuation 📣 Transaction news LinkedIn | StartUpRise | EU-Startups 📅 Transaction announced January 2023 💰 VC investors INventures 🇵🇱 | Atmos Ventures 🇵🇱 | Müller Medien 🇩🇪 | Portfolion 🇭🇺 and a group of Business Angels 🏷️ Client bio edrone is a SaaS technology company selling eCommerce CRM solutions 🌐 Client details Website | Crunchbase | LinkedIn 🌍 Client location Poland 🇵🇱
-
Annual Letter 2023/2024
Dear friends, If we were to summarise 2023 briefly, it would be less VC investment activity. The fundamentals of startup risk did not change in 2023. What changed was a reversal of national banks printing money and lending it out at zero interest rates. Two factors in particular contributed to a slowdown in startup investments. High valuations…
-
A VC-Backed SaaS Company’s Debt Primer
Introduction This primer will guide you through the intricacies of raising debt as an early-stage cashflow-negative SaaS company backed by VC investors. It’s complex, but you’re expected to get the basics as a founder. That’s life for you. In short, two types of loans are available. Working capital loans As a SaaS company with a…
-
What are the pros and cons for an early-stage company to work with a fractional CFO?
Unsurprisingly, early-stage companies need to be on top of their financials. Reasons for this include tax compliance, shareholder information rights, cash management, and business performance insights. The question is, what is the best approach to achieve this with limited resources? There are a few ways, and they can all be the right thing at the…
-
News Flash – June 2023
It has been a busy first half of 2023 for VarsoGroup. We have participated in several equity and debt fundraising rounds. Mostly non-disclosed insider rounds. Here’s a summary of some of our learnings: 👉 Existing investors are willing to bridge to a cash flow positive plan, ideally within six to twelve months. This means reducing…
-
Ecochain Technologies Fundraising
🚀 Transaction summary €3M in a VC equity and debt financing round 📣 Transaction news Silicon Canals | EU-Startups | LinkedIn 📅 Transaction announced June 2023 💰 VC investors Phase2.earth 🇳🇱 | Volta 🇳🇱 💰 Debt provider ABN AMRO 🇳🇱 🏷️ Client bio Ecochain Technologies is a climate tech startup that enables manufacturers to produce…
-
Simulation of a VC’s probability-weighted SaaS start-up valuation
🤔 How a VC values your early-stage SaaS start-up A typical starting point for a valuation discussion with a VC is its desire to own a particular percentage stake in your SaaS start-up for its investment amount. 👁️🗨️ The VC may tell you: “We are ready to invest €5M for a 20% stake with an…
-
On what conditions should a fast-growing SaaS company consider buying a slower-growing SaaS company through an equity swap?
Uthishtan Ranjan, a B2B software investor, published an interesting post on merging two SaaS businesses through an equity swap. It made me reflect and expand on the example. Before reading on, it’s helpful to read Uthishtan’s post first. TLDR; here is the premise of his merger case: […] you are a $20m ARR business growing 40% a…
-
Annual Letter 2022/2023
Dear Friends We are proud to have supported SaaS founders raising over €20 million from VC and debt investors in 2022. Two cases represent subsequent funding rounds, an outstanding achievement as only a fraction of startups raise follow-on rounds and become scaleups. AdScanner, an AdTech SaaS company, closed a Series A round of €5 million…
-
News Flash – October 2022
We are proud to have been part of several closed VC funding rounds in the last few months. In two cases, that represent subsequent funding rounds that VarsoGroup has supported. VarsoGroup provides the founders of European SaaS start-ups with bespoke advice before, during, and after funding rounds. Our service includes preparation for an equity or debt funding round,…
