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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…
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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…
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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…
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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…
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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…
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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,…
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AdScanner Fundraising (II)
📈 Transaction summary €5M in a Series A funding round 📣 Transaction news LinkedIn update | Investor update 📅 Transaction announced October 2022 💰 VC investors South Central Ventures 🇭🇷 | J&T Ventures 🇨🇿 | Lead Ventures 🇭🇺 🏷️ Client bio AdScanner offers data-driven TV advertising solutions 🌐 Client details Website | Crunchbase | LinkedIn…
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Capital efficiency of a VC-backed SaaS start-up impacts long-term ownership
Early-stage VC investors are interested in investing if they believe you have a shot at making a one billion exit with them on board as a minority investor. This means you must build a company with an ARR of a hundred million or more within five to eight years, which is possible. Just consider this…
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Gatenox Fundraising
📈 Transaction summary $2.5M seed funding 📣 Transaction news BusinessWire | Invezz 📅 Transaction announced August 2022 💰 VC investors C3 Venture Capital 🇩🇪 | A110x 🇺🇸 🏷️ Client bio Gatenox is a one-click AML/KYC solution for institutional and individual account opening that starts with the customer. Gatenox’s workflow platform will reduce KYB process cost…
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edrone Fundraising (II)
🚀 Transaction summary Venture round by new and existing investors 📣 Transaction news LinkedIn Post | silicon canals 📅 Transaction announced August 2022 💰 VC investors Atmos Ventures 🇵🇱 | Müller Medien 🇩🇪 | Portfolion 🇭🇺 🏷️ Client bio edrone is a SaaS technology company selling eCommerce CRM solutions 🌐 Client details Website | Crunchbase…