Runa Capital’s Post

This is an extremely useful report for deep tech startup founders. For example, understanding what valuation cap you should focus on in the early stages is essential. In my experience, it is one of the most discussable points. Thank you, First Momentum Ventures, for a good job!

Deep Tech Hardware Seed raise of $5M against $25 Valuation with lab demonstration and before a Lab Proof of Concept (and requiring up to $3M in pre-seed funding). All before revenue. Try doing a PoC with zero funding and still delivering 200% better performance over the industry's best data switch. We'll get there - Deep Tech transforming Consumers First

📣 The Deep Tech Hardware Napkin is out! 🤖 💸 Founders and investors alike wonder what it takes to build a successful hardware company. Until now! Inspired by Point Nine 's famous SaaS Napkin (shoutout to Christoph Janz), the Deep Tech Hardware Napkin provides a clear, data-driven guide to the milestones for each stage, from Pre-Seed to Series B. Read the full report here: bit.ly/3zMnhjm We have collected and analyzed over 100 data points on fundraising rounds from more than 30 VCs across Europe, and the Napkin is its essence. A heartfelt thanks to all the VCs who contributed the data and to Dealroom.co, which provided us with data to cross-check our findings! TechCrunch coverage in the comments 👇 A big 🙏 to Verve Ventures Possible Ventures Extantia Vsquared Ventures Intel Ignite Übermorgen Ventures Speedinvest Nucleus Capital Earlybird Venture Capital Seedcamp Kindred Capital VC Founderful Project A Voima Ventures Supernova Invest IQ Capital World Fund VIGO Ventures Atomico LEA Partners Elaia Matterwave Ventures Seraphim Space Saxovent Creator Fund Freigeist Unruly Capital Runa Capital Positron Ventures XAnge Tiny Supercomputer Investment Company APEX Ventures 7percent Ventures #firstmomentum #deeptech #deeptechnapkin #saasnapkin

Here's some handy milestone guidance for deep tech hardware founders out there from First Momentum Ventures

Congratulations and many thanks for this work First Momentum Ventures, Dr. Maximilian Ochs, David Meiborg, Lena Späth, Reinhardt Karpenko ! Tach2yone GmbH as a Growth Equity investor in the Green Energy Transition and related areas is looking to invest in more mature Deep Tech companies (Series B and later). One of our most important investment criterion is (positive) EBITDA: we believe, that in industries with high CapEx, EBITDA is useful because it eliminates the distortions caused by significant depreciation and amortization expenses, providing a clearer view of operational profitability. Thus, EBITDA is an essential tool for us to assess a company’s core profitability and financial health. First Momentum Ventures and community: what are your thoughts on this approach and would you consider to take also EBITDA into your napkin for later stage companies?

To support rapid consumer adoption and expansion plans, Perplexity has raised $73.6 million in Series B funding from trusted VC firms and prominent tech visionaries. IVP led the round with continued support from Perplexity’s Seed and Series A investors NEA, Elad Gil, Nat Friedman, and Databricks, as well as new investors NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures, among others. Perplexity Founded in 2022, Perplexity was founded on the belief that searching for information should be a straightforward, efficient experience, free from the influence of advertising-driven models. Aravind Srinivas Google Microsoft Denis Yarats Cack Wilhelm Somesh Dash Cynthia Kuo Angela Zhu #funding #investment #vc #startups #funds #investors #AI

We are delighted to share the news of Akshat Goenka's promotion to Partner, and Jonas Vetterle’s promotion to Staff Machine Learning Engineer. At Moonfire, partnership is not merely a title; it symbolises a profound commitment to the values and principles guiding us. It embodies a dedication that shapes not just what we do but how we do it. Our approach is rooted in first-principles thinking, where partners are innovators pushing the boundaries of what's possible in venture capital. Read our latest piece on Pulse, which explores the value of partnership here at Moonfire. #venturecapital #ai #startups

#CTalk - Safedome VC: “Founders are fighters. You need fighters in the early stage.” Ram Yonish, Partner at SafeDome VC, spoke to CTech at Tech TLV about the state of venture capitalism in wartime.

#California-based #Intrinsic secures $3.1 million in seed #funding. Y Combinator, 645 Ventures, Okta, and the Urban Innovation Fund (leader) were among the backers. The funds will be utilised by the business to expand both its #operations and development initiatives. A platform called Intrinsic is used to create AI agents that users can trust. It seamlessly and #safely #augments human review with automation while merging right into current workflows. The business offers mature online platforms with well-established moderation teams and policies with #assistance in integrating LLM detections into more extensive T&S #intervention systems that have a close feedback loop. The Intrinsic founders were part of a team at Apple that developed anti-abuse #tooling. They made the decision to take action after #realising that the industry as a whole was #experiencing the same thing. Y Combinator 645 Ventures Urban Innovation Fund To share your startup story write us on - contact@startuprise.co.uk #intrinsic #funding #startup

Interesting outlook on AI!