European VC Digest: Coatue. Alpha & Beta. Building Your Cap Table. Revenue-Based Financing. The State of AI.
Capital Call #55
This is your weekly newsletter highlighting what investors in European startups are thinking—in their own words. We are Willy Braun, Nicolas Colin and Vincent Touati-Tomas.
We’re featuring every week what European VCs write – in their own words – hoping to highlight the differences between partners, firms, and European DNAs, and to allow VCs, entrepreneurs and policymakers to feel the pulse of what’s happening in European tech.
If, like us, you’re interested in everything that’s happening in European VC, don’t forget to follow us on Twitter: @CapitalCall_. Also follow our two lists: Featured in Capital Call & Female VCs in Europe.
Akash Bajwa 🇩🇪🇬🇧 of Shaper Impact Capital monitors the expansion of famed US-based hedge fund Coatue into the European venture landscape: Coatue: The cub on the prowl.
Stefano Bernardi 🇮🇹🇫🇷 & Yannick Roux 🇫🇷 sent their quarterly update about European VC firms raising money from LPs Q3 '21 European VC fundraising note.
Nicolas Colin 🇫🇷 of The Family (and co-host of Capital Call) shares a collection of thoughts and sources about revenue-based financing in Europe: Why Debt Capital Is a Good Fit for Europe (and Why Europe Is Lagging Behind Anyway).
Alexandre Dewez 🇫🇷 of Eurazeo writes about the future of buying groceries and cooking at home while announcing their Series A investment in Jow: 🍲 Backing Jow.
Gil Dibner 🇺🇸🇮🇱 of Angular Ventures has some news for us—a new partner joining his firm, and a new fund raised: Building Angular Ventures!
Also by Gil, check out this in-depth analysis of what it means to be a first-check VC in the current bubbly context: Alpha, beta, and an inverted venture risk curve.
Carlos Espinal 🇺🇸 of Seedcamp shares a complete playbook for building a cap table and designing structures that will last long-term: Your Cap Table is your life!
Michiel Kotting 🇳🇱 of Northzone shares thoughts about working closely with Munich-based Personio, reaching a $6.3bn valuation last week: How an HR operating system demonstrates a changing tech landscape primed for record-breaking growth.
Antoine Papiernik 🇫🇷 of Sofinnova Partners comments on the firm’s latest raise, arguing that the healthcare market is stronger than ever: Sofinnova raises Europe’s largest early-stage healthcare fund with €472m.
Marcin Szelag 🇵🇱 of Innovation Nest writes about mining for hidden gems in Central and Eastern Europe—with a special focus on Bulgaria: 🔥RR#15 VCLeaders, slowdown, Bulgaria.
Eze Vidra 🇦🇷🇮🇱🇬🇧 shares key insights about Opportunities for startups in the creator economy.
Nathan Benaich 🇬🇧 of Air Street Capital and Ian Hogarth recently published their yearly State of AI report. Here’s John Thornhill of Sifted on the key insights: Artificial intelligence is becoming a 'force multiplier' — for good and bad.
Elina Berrebi 🇫🇷 of Revaia tells Sifted what it’s like to be a partner in Europe’s largest female led VC firm.
Eileen Burbidge 🇬🇧 of Passion Capital shares her version of a fascinating story: How London Became a Global Hub for Fintech.
Christian Jølck 🇩🇰 of 2150 talks to TechCrunch about the fund’s first closing: 2150 VC hits $312M for fund to build and run cities greener, and emit vastly less CO2.
Stephan Rauscher 🇩🇪 of Earlybird explains why his firm is betting on university spinouts in Sifted: Earlybird launches €75m fund for university spinouts.
Akash Bajwa 🇩🇪🇬🇧 Analyst and Head of Europe, Shaper Impact Capital and Cass Entrepreneurship Fund London 🇬🇧 LinkedIn | Twitter | Blog
Nathan Benaich 🇬🇧 General Partner, Air Street Capital, London 🇬🇧 LinkedIn | Twitter | Blog
Elina Berrebi 🇫🇷 Founding Partner, Gaia Capital Partners, Paris 🇫🇷 LinkedIn | Twitter | Blog
Stefano Bernardi 🇮🇹🇫🇷 Angel Investor & Scout, Atomico, Italy 🇮🇹 LinkedIn | Twitter | Blog
Nicolas Colin 🇫🇷 Co-Founder & Director, The Family, Munich 🇩🇪 LinkedIn | Twitter | Blog
Alexandre Dewez 🇫🇷 Principal, Eurazeo, Paris 🇫🇷 LinkedIn | Twitter | Blog
Gil Dibner 🇺🇸🇮🇱 Founder & General Partner, Angular Ventures, London 🇬🇧 LinkedIn | Twitter | Blog
Michiel Kotting 🇳🇱 Partner, Northzone, London 🇬🇧 LinkedIn | Twitter
Patrick Newton 🇬🇧 Founding Partner, Form Ventures, London 🇬🇧 LinkedIn | Twitter | Blog
Antoine Papiernik 🇫🇷Chairman & Managing Partner, Sofinnova Partners, Paris 🇫🇷 LinkedIn | Twitter
Christian Jølck 🇩🇰 Founding Partner, 2150, London 🇬🇧 LinkedIn | Twitter
Yannick Roux 🇫🇷 Investor, Semantic Ventures, London 🇬🇧 LinkedIn | Twitter
Leo Ringer 🇬🇧 Founding Partner, Form Ventures, London 🇬🇧 LinkedIn | Twitter | Blog
Eze Vidra 🇦🇷🇮🇱🇬🇧 Managing Partner, Remagine Ventures, London 🇬🇧 LinkedIn | Twitter | Blog