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BackFund is a venture capital firm founded in 2021, with headquarters in Madrid and London. The firm focuses on 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 nine companies and operates globally, with a strong emphasis on the European market. The firm has established itself as a key player in the early-stage investment landscape, particularly in sectors such as energy transition, space technology, agrotech, and AI. BackFund's commitment to supporting innovative startups aligns with its goal of fostering local development while building global companies.
BackFund primarily invests in seed-stage startups, focusing on sectors including 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.
BackFund emphasizes the importance of hands-on support and strategic insight for entrepreneurs. The firm looks for founders who demonstrate a strong vision and the capability to execute their ideas effectively. By investing in early-stage technology startups, BackFund aims to play a pivotal role in the growth of innovative companies that address significant global challenges.
BackFund's portfolio includes notable companies such as:
This diverse portfolio reflects BackFund's commitment to investing in innovative solutions across various sectors, particularly those that leverage technology to address pressing global issues.
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 strategies and growth initiatives. She has a background in startup consulting and holds an MBA from a prestigious institution.
Enrique Casado - Startup Analyst. Enrique focuses on evaluating potential investments and conducting market research. He has a background in finance and has worked with various startups in the tech sector.
Andrés Gassert - Executive Advisor. Andrés brings a wealth of experience from his previous roles in leading technology firms. He provides strategic guidance to BackFund's portfolio companies and has a strong network in the tech industry.
To pitch BackFund, founders should submit their proposals through the designated application portal at this link. It is important to include a comprehensive deck that outlines the business model, market analysis, and financial projections.
BackFund prefers pitches that are concise yet informative, highlighting the unique aspects of the startup and its potential for growth. Founders can expect a response within a few weeks, and warm introductions are encouraged to enhance the chances of engagement.
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 publicly announced any recent investments or exits, but it continues to focus on building relationships with early-stage technology startups.
BackFund's commitment to hands-on support and strategic insight remains a cornerstone of its operations, as it seeks to empower founders in the deep tech sector.
What are BackFund's investment criteria?
BackFund focuses on early-stage technology startups, particularly in deep tech, energy transition, space technology, agrotech, and AI. They typically invest in seed-stage companies with pre-money valuations between €1 million and €5 million.
How can I apply or pitch to BackFund?
Founders can submit their pitch through the BackFund website at this link. It is recommended to include a detailed business plan and financial projections in the pitch.
What makes BackFund different from other investors?
BackFund emphasizes hands-on support and strategic insight for its portfolio companies. The firm aims to build long-term relationships with founders, providing not just capital but also guidance and resources to help scale their businesses.
What is the typical check size for investments?
BackFund typically invests between €50,000 and €150,000 in its portfolio companies, depending on the specific needs and potential of the startup.
What geographic areas does BackFund focus on?
BackFund operates globally, with a strong presence in Europe. The firm seeks to invest in startups that are building global companies while also focusing on local development.
What kind of post-investment involvement does BackFund have?
BackFund is actively involved with its portfolio companies, providing mentorship, operational support, and strategic guidance to help them navigate challenges and scale effectively.
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