by Adina Weiler, Associate, First Momentum Ventures
For those of you living under a rock: You might know Frank Thelen as a judge of the TV Show Höhle der Löwen. Besides that, he invested sucessfully into various startups at a very early stage — and obviously pre-seed tech investments are our cup of tea. With his investment company Freigeist, he invests primarily in tech companies, for example Kraftblock, Lilium, Neufund or Wunderlist. Now, Freigeist became our investor and is therefore part of the beloved First Momentum Ventures family!
TECH INVESTOR ❤ TECH VC
The partnership with this well-known tech investor makes perfect sense and was long overdue, as First Momentum follows an innovative data-driven approach. Being one of the emerging technology-driven pre-seed VC funds in Europe, we have a special emphasis on young, often university-based start-up teams with a strong technological focus. Fact: Since last September, First Momentum Ventures invested in eight very early-stage startups.
“Above all, the outstanding founders of First Momentum convinced us with their technological background and their clever, data-driven approach to deal sourcing. By joining First Momentum, we hope to support talented founders in the initial phase.“ — Frank Thelen
Our outstanding founders — Andreas Fischer, Sebastian Böhmer,Karl Lorey and Benedikt Stolz — plus all incredible team members, have a clear vision what First Momentum is all about: We see ourselves as close partners of early stage founders. We work passionately to see our startups grow — giving them First Momentum, while providing a network of experts and world-class mentoring in all relevant fields.
Being a young team, we experienced immense entrepreneurial potential at German universities first hand. However, there is an urgent need for uncomplicated capital. That is why our initial investment is always conducted in a transparent, flexible and uncomplicated manner, thus significantly reducing the barriers to access.
For instance, we offer unbureaucratic EUR 20K initial investments for next generations tech founders.
It is our very goal to strengthen startup ecosystems throughout Germany. We believe there is a big future opportunity to revolutionize the venture capital landscape with new technological approaches: “50 percent of the teams we invested in so far, were discovered by an algorithm-based search. Sharing this outstanding investment opportunities with our investors is high on our agenda.”, states one of our co-founders and tech mastermind Karl Lorey.
Speaking of future opportunities … Are you interested in another sneak peak, what we are currently working on tech-wise? Well, we are testing an approach to identify entrepreneurial talents before these individuals even founded a startup and support them. Cool, huh?
Long story short: The cooperation between a legendary tech investor and a bunch of tech-loving investors makes perfect sense, right? We think so, too. Better stay tuned what the future holds for us!
As a pre-seed investor, we help your startup to gain its first momentum by backing you with a first investment as well as world-class mentoring, a strong community, and the required know-how.
Read more at firstmomentum.vc
SOURCE and Image: https://medium.com/first-momentum-ventures