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BackFund is a venture capital firm founded in 2021, with headquarters in Madrid and London. The firm specializes in supporting early-stage technology startups, particularly in the deep tech sector. BackFund aims to provide capital, strategic insight, and hands-on support to entrepreneurs, helping them scale their businesses from pre-seed to breakout stages.
As of now, BackFund manages a portfolio of 9 companies and operates with a focus on global markets, particularly in Europe. The firm has established itself as a key player in the early-stage investment landscape, emphasizing the importance of local development while building global companies. Notable milestones include the successful investments in various sectors, including energy transition and space technology.
BackFund invests primarily in seed-stage startups, with a strong emphasis on deep tech, energy transition, space technology, agrotech, and AI & quantum infrastructure. The firm seeks to support teams that are building global companies while harnessing local development. Initial investments typically range from €50,000 to €150,000, targeting companies with pre-money valuations between €1 million and €5 million.
The firm looks for founders who demonstrate a clear vision and the capability to execute their ideas effectively. BackFund values innovation and the potential for significant impact in their chosen sectors. The investment strategy includes a hands-on approach, providing not just capital but also strategic guidance to help startups navigate their growth phases.
BackFund's portfolio includes notable companies such as:
This diverse portfolio reflects BackFund's commitment to investing in frontier technologies that address pressing global challenges.
Karel Escobar - Managing Partner. Karel has extensive experience in venture capital and has led multiple successful investments in technology startups. He holds a degree in Business Administration from a top European university.
Natalia Fernandez - Head of Platform. Natalia specializes in supporting portfolio companies with operational insights and strategic planning. She has a background in technology consulting and holds an MBA.
Enrique Casado - Startup Analyst. Enrique focuses on sourcing and evaluating new investment opportunities. He has experience in market research and holds a degree in Economics.
Andrés Gassert - Executive Advisor. Andrés brings a wealth of experience from his previous roles in leading tech companies and provides strategic guidance to the firm.
To pitch to BackFund, founders should use the preferred channel available on their website at this link. The pitch deck should include a clear overview of the business model, market opportunity, and team background. Founders can expect a response within a few weeks, and warm introductions are encouraged but not mandatory.
As of October 2023, BackFund has been actively supporting its portfolio companies and engaging with the startup ecosystem since its inception. The firm has not announced any recent fund raises or exits but continues to focus on its investment strategy in deep tech and frontier sectors.
What are BackFund's investment criteria?
BackFund primarily invests in seed-stage startups focusing on deep tech, energy transition, space technology, agrotech, and AI. They look for innovative teams with a clear vision and the ability to execute their ideas.
How can I apply or pitch to BackFund?
Founders can submit their pitch through the BackFund website at this link or via email at karel@backfund.vc.
What makes BackFund different from other venture capital firms?
BackFund emphasizes hands-on support and strategic insight, providing not just capital but also guidance to help startups navigate their growth phases effectively.
What is the geographic scope of BackFund's investments?
BackFund operates globally, with a strong focus on Europe, supporting startups that have the potential for global impact.
What is the typical check size for investments?
BackFund typically invests between €50,000 and €150,000 in their portfolio companies.
What is BackFund's post-investment involvement like?
BackFund provides ongoing support to its portfolio companies, offering strategic insights and operational assistance to help them scale effectively.
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