Venionaire Capital advises on six-figure investment in Salzburg-based start-up Sproof
The transaction team of Venionaire Capital is proud to announce the closing of another sizeable funding round.
The transaction team of Venionaire Capital is proud to announce the closing of another sizeable funding round.
Astrid Woollard, Oliver Csendes, Frank Floessel, Thomas Kolbabek and Johann Steszgal join the company as new associate partners.
Our M&A team led a lighthouse M&A transaction for Blockpit, the Austrian expert for legally compliant reporting for digital asset trading to acquire its German competitor CryptoTax. With this acquisition of its biggest and larger European competitor, the company intends to drive international expansion into the US and other markets globally in 2021.
We are proud to have closed the following deals during the last weeks: Health-Tech pioneer myBioma has secured a six-figure investment from renowned investors, which was also doubled by the COVID-19 relief fund of the Austrian Promotional Bank (Die Austria Wirtschaftsservice Gesellschaft mbH – AWS) and also the award-winning RegTech platform for Business KYC (KYB), kompany has secured a follow-up funding of €6 million, which was their largest single investment round to date.
Health-tech pioneer myBioma has raised a six-figure follow-up investment from renowned investors, which is to be doubled by the COVID-19 relief fund of the AWS. The next step is for the founders to draw international attention to themselves.
Venionaire Capital enters new strategic partnership with startup300 AG in the new Dealmatrix, offering startup valuation calculator after a pivot. Beta users will foreseeably be able to use the new service from August onwards.
Venionaire Capital founder and managing partner Berthold Baurek-Karlic and co-autor Florian Kandler, announced a new book project “100 Startups – Made in Austria” today in Austria’s leading startup portal derbrutkasten. Future hidden champions, from deep-tech to digital competitors, will be featured through interviews. The book itself will be promoted globally, sent to selected VCs all over Europe and available in stores internationally. The startup community itself will choose from a list of around 200 start-ups which 100 Startups will be invited to appear in the book.
The idea for “100 Startups – Made in Austria”, was developed together with the publishing house Home Town Media – Metropole. It is, to a certain extent, an English language continuation of Bertholds earlier book project “Erfolgsgründer – Made in Austria“. The structure of the book will be different and should become even more interesting for the reader. The aim is to generate more international attention to the rising startup ecosystem in Austria. “Our new book is based on the approximately 6-year-old book project “Erfolgsgründer – Made in Austria” (Fabian Greiler, Helmut Pöllinger and Berthold Baurek-Karlic). However, it will be an evolution. This time the community itself will decide who will be invited for an interview in the book. Together with Florian Kandler, we have developed a few so-called growth hacks, which should give the start-ups a lot of reach and media attention in addition to the book itself,” explains Berthold Baurek-Karlic, co-author and initiator of the book.
Austrias start-up ecosystem has developed strongly in the last years. Despite difficult conditions, more and more innovative entrepreneurs and investors have found each other who wanted to change something. First international successes were important as confirmation of this path. In the meantime, we regularly read about international stars who invest in domestic start-ups. The Austrian Startup Monitor 2019 provided figures on how large the economic factor of start-ups has become. Since 2008, 2,200 start-ups have been founded, of which 9 out of 10 employees have grown and have continuously created new jobs. In total, around 17,500 people work in Austrian start-ups. Start-ups were financed to 52% with growth capital. It is remarkable that 90% of the start-ups had already generated revenues abroad by the end of 2019 and thus carry the DNA of possible future hidden champions.
On the book’s landing page you can vote for your favourite startups as of today. Voting is possible once a day. The founders will also receive a few e-mails from the authors, where they can get more information about the further course of the project.
Serial entrepreneur, Florian Kandler is co-author of the book. His statement “Successful companies often do not even know how much their history has an indirect influence on our economy. Every time they share their knowledge and story with young entrepreneurs and the community, something happens in the minds of the audience. It is stories that bring people to entrepreneurship and knowledge that helps the next generation of entrepreneurs on their entrepreneurial path” underlines the importance of this project to him. While living in Silicon Valley in 2011, Florian learned how valuable it is when experienced entrepreneurs share knowledge with another. Since then, he has been promoting the #PayItForward mindset and is setting a good example himself, ever since. His podcast “Gründer und Zünder”, the Austrian Startup Monitor, and his book “Business Angels vs. Business Devils” made him famous across the country.
Margaret Childs, has been very active in the startup scene for years. She was the perfect publisher for this book. As founder of the magazine and the associated online platform “Metropole”, she looks behind the scenes of Austrias capital city including the startup ecosystem as a member of the board of the think tank Austrian Startups. Her readers include an international community, expats. Corporate publishing has become an essential part of her business alongside the magazine, which is why she initiated the book project by Florian Kandler and Berthold Baurek-Karlic.
UNIQA Ventures and Elevator Ventures Beteiligungs GmbH (“Elevator Ventures”), a 100 per cent subsidiary of Raiffeisen Bank International, have joined kompany’s cap table alongside the European Super Angel Clubs syndication fund “EXF Alpha”.
The deal was executed with the broad support and commitment of Venionaire Group:
“Members of the European Super Angels Club initially co-invested end of last year into a convertible bond through the syndication fund EXF Alpha, managed by Venionaire Ventures. This initial investment is now followed by a strategic share purchase alongside Elevator Ventures and UNIQA Ventures. The deal brings in value and support for the further growth of kompany”, explains Berthold Baurek-Karlic, Managing Partner (CEO) of Venionaire Capital.
kompany operates the largest proprietary corporate register network in the world with real-time access to primary source data. They are the only global network to provide audit-proof commercial register information and automated Business KYC Solutions for banks, insurances and advisory firms covering more than 110 million companies in more than 200 countries and jurisdictions. The company built its infrastructure over the last five years servicing international banks and insurance companies, leading advisories, as well as compliance software providers. kompany is advancing its AI engine for automated Ultimate Beneficial Owner & Shareholder (UBO) discovery and the distributed ledger technology solution KYC on-chain (Business “Know-Your-Customer” on the blockchain).
“kompany is among the top five in the Global Top 100 RegTechs, they participated in the MasterCard Start Path Program and CB Insights nominated them among the Top 60 RegTechs in Europe. The founders built a product which is in high demand by companies across all industries. FinTechs are like vitamin supplements, while RegTech is the pain-killing medicine for organisations. We are already working hard on the upcoming growth funding round for kompany, which will catapult them to the next level”, concludes Baurek-Karlic.
This week, Berthold Baurek-Karlic and Fabian Greiler attended for Venionaire the European Forum Alpbach. It is a great opportunity to meet top managers and politicians as well as founders and entrepreneurs in the Tyrolean Alps.
Among others Daniel Horak (CONDA), Markus Raunig and Daniel Cronin (AustrianStartups), Maggie Childs (Metropole), Lisa-Marie Fassl (AAIA), Christoph Richter (Intellyo), Mic Hirschbrich (Updatemi), Bernhard Hauser (oratio), Thomas Primus (foodnotify), Andreas Tschas, Markus Lang and Anton Schilling (Pioneers), startup journalists and media managers Dejan Jovicevic (DerBrutkasten.com) and Jakob Steinschaden (TrendingTopics.at), as well as investors Nikolaus Futter, Andreas Tomek (European Super Angels Club) and Michael Krammer attended the event.
In discussion with corporate managers, we see a lot of interest in the topic of corporate startup engagement. With the ever growing speed of innovation cycles, even the biggest corporations are facing competition from young companies that traditionally would never have been in the position to compete. One strategy for corporates is to work closely with startups and therefore enable access to innovation.
In addition to the official program, the European Forum Alpbach offers a whole range of exciting side events. Verbund Dialog is one example of such a side-event and this year Wolfgang Anzengruber (CEO Verbund), Rainer Seele (CEO OMV) and Franz Kainersdorfer (Member of the Management Board Voestalpine) discussed the future of the energy sector.
It is almost impossible to participate in all events. Alpbach relishes from informal conversations, intensive networking and the overcoming of temporal limitations of everyday life.
Our CEO Berthold Baurek-Karlic collected quotes of people about Alpbach on his private blog in German. Check out what our foreign minister Sebastian Kurz, KPMG Partner Andreas Tomek, NEOS founder and leader Matthias Strolz or ÖBB manager Yvonne Pirkner have to say about the Forum: “Stimmen vom Europäischen Forum Alpbach 2017”.
Building and scaling up a customer base as quickly as possible is vital for every startup. We are proud to announce our new partnership with Hackabu, offering access to excellent services and a high-class pool of international experts in the field of growth hacking at special terms and conditions.
Hackabu is a team of growth hackers with a focus on startups. The company analyses and evaluates the marketing channels of their customers and works out improvement strategies. Their strategies are heavily based on data analysis and experimentation. Hackabu implements new marketing tactics for you and constantly checks them against previous set figures. Through ongoing evaluation and fine tuning, they set the sails of your business towards fast growth. The metrics are provided by competitor analysis (what channels competitors are using successfully), A/B testing, heatmaps, visitor recordings and personal interviews with users of their clients.
„We got to know Hackabu as an international team of pros who perfectly understand what startups really need. We are happy to offer true growth hacking power at special terms and conditions. We make Hackabu services available for all startups accepted by the European Super Angels Club, or invested by one of our partners. We are dedicated to growth and Hackabu is our perfect partner”, says our Berthold Baurek-Karlic, Managing Partner at Venionaire Capital.
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Venionaire Capital exclusively invests through the European Super Angels Club, for more information and application please go to the website. We do not accept direct investment proposals via this website.