The Capital Behind Venture: 2020

Insights from the investors behind Europe's Venture Capital ecosystem

The report can now be downloaded here.

 

The Objective

The aim of this initiative is to collect useful sentiment, opinion and information from Limited Partners (Fund of Funds, Family Offices, Endowments, Pension Funds, Government Funds and Corporates) about investing in European venture funds and present it in a clear and helpful format.

The information sought falls broadly into three categories:
 

  • the current appetite among LPs for making commitments into European VC funds;

  • what LPs are currently looking for; and

  • useful and practical information for VCs around terms and structures. 

This report provides a unique behind-the-scenes analysis, highlighting the maturing venture capital ecosystem in the UK and Europe across all stages from seed to growth. A worthwhile read for any aspiring fund manager!

Europe is home to world-leading technology thought leaders, supported by a strong science and developed innovation ecosystem, enabling the growth in category leaders in groundbreaking technologies. 

Kerry Baldwin, Vice Chair, BVCA

 

The Results

Despite COVID and BREXIT, this remains a very exciting - albeit challenging - time for the European technology venture capital ecosystem.

 

For fund managers and investors alike, there is very little information in the public domain on best practice, preferred terms and practical advice on raising a VC fund. We hope that this report is a first step towards making the ecosystem more transparent, shedding some light on the mechanics of this exciting and growing sector.

We would like to thank all our survey respondents and distribution partners without whom this report would not have been possible.

The report can now be downloaded here.

 

Overview of participants

Many Limited Partners and Family offices were based in America, and are interested in what Europe has to offer.

The majority of respondents were located across Europe.

Respondents also included those based in South East Asia and the Middle East.

Types of LPs surveyed

Fund of funds

Family offices and HNW

Corporates and Pensions

Government

Endowment

Other VC funds

Shared data & published their name

Shared data

Declined to participate

23

40

35

All respondents were offered anonymity. Many LPs and Family offices continue to remain private

The Collaborators

Produced by

Copy of Untitled (1).png
  • LinkedIn
  • Twitter

Mountside Ventures seeks to optimise the fundraising process for European startups, investors & family offices. Firstly, they advise early-stage companies raising their next round of funding. Secondly, they organise community events and a conference, Funding Venture, in Central London, for the most promising VC Fund Managers, and Limited Partners & Family offices. It typically involving panel discussions, curated round tables and networking opportunities for like minded-investors.

  • LinkedIn
  • Twitter

ALLOCATE is a grassroots initiative with a vision to accelerate the European tech VC ecosystem to be the most active and best performing in the world. They are making it easier for LPs to find the right funds to invest in and for VCs the right investors, by building a community of forwarding thinking collaborators on a not-for-profit basis. In 2019, ALLOCATE held Europe's first ever VC pitch event, their next event will be held on November 17-18-19 2020.

Distribution Partners

United Kingdom

Beauhurst_Logo_RGB.png
SRV-logo_transparent.png
Logo-RGB.png
Orange icon, white text.png

France

logo STATION F.png

Germany

DBVN_Schriftzug_RGB.jpg

European-wide

Denmark

tech bbq.png
imageedit_1_4985078305.gif

United States

logo_conferences_white.png

Netherlands

next web.png
Cap Connect 1.jpg
Betterfront logo-v4.png
 

Want to get involved next year?

Get in touch with Jonathan Hollis via jonathan@mountsideventures.com

© 2020 The Capital behind Venture

The site is managed by Mountside Venture Partners LLP and is a joint collaboration between Mountside Ventures and Allocate. For the privacy policy, visit https://www.mountsideventures.com/.