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BFly Ventures is an early-stage venture capital firm founded in 2013 by Erik Schut and Hans Janssen, both seasoned software entrepreneurs. The firm is based in Zaandam, Netherlands, and focuses on investing in innovative software companies, particularly in the B2B SaaS sector. BFly Ventures was previously known as WoodWing Ventures, reflecting its connection to WoodWing Software BV, which was established in 2000 by Hans Janssen.
Currently, BFly Ventures operates with a small team and has a strong emphasis on supporting creative entrepreneurs who are developing promising software solutions. Although the firm is fully invested at present, it remains actively engaged in the startup ecosystem, continuously seeking new opportunities to invest in exciting software companies. The firm’s operational background allows it to provide valuable insights and support to its portfolio companies.
BFly Ventures primarily invests in early-stage software companies, with a specific focus on the B2B SaaS sector. The firm targets pre-seed, seed, and seed-plus stages, seeking out creative entrepreneurs who are developing innovative products and solutions. BFly Ventures emphasizes the importance of founder-led leadership and aims to take substantial minority stakes in its portfolio companies.
Despite being fully invested, BFly Ventures remains open to exploring new opportunities with growing software companies. The firm values creativity and innovation in its investment approach, looking for entrepreneurs who possess promising ideas and products. This focus on early-stage investments allows BFly Ventures to play a crucial role in the growth and development of its portfolio companies.
While a complete portfolio list is not publicly available, BFly Ventures has participated in funding rounds for notable platforms, including SaaStock, a community platform designed for SaaS companies. This involvement highlights the firm’s commitment to supporting the B2B SaaS sector and its engagement with innovative software startups.
BFly Ventures’ investment in SaaStock demonstrates its focus on platforms that connect and support the SaaS community. The firm’s operational expertise and network in the software industry further enhance its ability to identify and nurture promising startups within its investment scope.
Erik Schut - Co-Founder. Erik is a seasoned software entrepreneur with extensive experience in the software industry. He has a strong operational background and is dedicated to supporting innovative startups in the B2B SaaS sector.
Hans Janssen - Co-Founder. Hans is also a seasoned software entrepreneur and the founder of WoodWing Software BV, established in 2000. His expertise in the software industry and co-investor relationships enhance BFly Ventures’ investment strategy.
To pitch BFly Ventures, founders should visit their website at bfly.vc. The pitch deck should include a clear overview of the product, market opportunity, competitive landscape, and the founding team’s qualifications. While specific application forms are not mentioned, a well-structured pitch deck is essential.
Response times may vary, but founders can expect to hear back regarding their pitch within a few weeks. BFly Ventures values warm introductions, so leveraging connections within the software industry can improve the chances of a successful pitch.
As of the latest updates, BFly Ventures is fully invested but continues to seek new opportunities in the software sector. The firm participated in the funding round for SaaStock, a community platform for SaaS companies, alongside other European investors. This activity indicates BFly Ventures' ongoing engagement in the startup ecosystem and its commitment to supporting innovative software companies.
What are BFly Ventures' investment criteria?
BFly Ventures focuses on early-stage investments in B2B SaaS companies. The firm seeks creative entrepreneurs with innovative products and solutions, primarily targeting pre-seed, seed, and seed-plus stages.
How can I apply or pitch to BFly Ventures?
Founders can pitch their ideas through the firm’s website at bfly.vc. It is advisable to include a clear description of the product, market potential, and the founding team’s background in the pitch.
What makes BFly Ventures different from other investors?
BFly Ventures is led by seasoned software entrepreneurs who bring operational expertise to the table. This background allows them to provide valuable insights and support to portfolio companies, enhancing their growth potential.
What is the geographic scope of BFly Ventures?
The firm primarily invests in Europe, with a specific emphasis on the Netherlands. However, it remains open to opportunities in other regions, particularly those involving innovative software companies.
What is the typical check size for investments?
Specific check sizes are not disclosed, but BFly Ventures typically takes substantial minority stakes in its portfolio companies, reflecting its commitment to supporting founders while allowing them to maintain control.
What kind of post-investment involvement does BFly Ventures have?
BFly Ventures actively engages with its portfolio companies, providing operational support and leveraging its network in the software industry to help entrepreneurs realize their visions.
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