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STOAF, originally known as Stockholms Affärsänglar, was founded in mid-2008 and is based in Stockholm, Sweden. This venture capital firm operates as a hybrid angel group and VC fund, focusing on investments in advanced technology and fast-growing companies with the potential to create new industries. Currently, STOAF manages its third fund, STOAF III SciTech, and is registered as an Alternative Investment Fund (AIF) under the EuVECA framework.
As of now, STOAF has a portfolio of 23 companies and employs a team of 18 professionals, including 17 partners. The firm leverages a network of approximately 100 associated business angels to enhance deal flow and due diligence. This extensive network allows STOAF to maintain a strong presence in the European and Nordic startup ecosystems.
Notable milestones include membership in the Keiretsu Forum Nordics, which facilitates deal syndication, and a strong focus on sustainable and life sciences sectors, which comprise a significant portion of their portfolio. The firm has established itself as a key player in the venture capital landscape over its 15 years of operation.
STOAF primarily invests in B2B startups that demonstrate strong technologies and possess global market potential. Their investment strategy encompasses several key sectors, including life sciences, advanced industrial technologies, advanced ICT, and sustainable energy technologies. The firm employs a research-based methodology for investment, informed by best practices from Silicon Valley and further refined through their own experiences.
Investment stages range from seed to Series B, with a focus on minority positions. The firm aims for a target return potential of 10x on its investments. Additionally, STOAF offers co-investment rights to limited partners, allowing for a differentiated portfolio composition. This approach not only enhances the financial backing for portfolio companies but also provides them with strategic guidance from industry experts.
STOAF has invested in a diverse array of companies across various sectors. Notable portfolio companies include:
This diverse portfolio reflects STOAF's commitment to investing in advanced technologies and sustainable solutions across various industries.
Magnus Eriksson: General Partner, Deep Tech, Chairman of Deal Flow Committee. Magnus has extensive experience in venture capital and technology investments.
Klaus Gottwald: General Partner, Sustainable Energy Technology, CFO. Klaus brings expertise in financial management and sustainable technology investments.
Claes Post: Professor, General Partner, Life Sciences. Claes has a strong academic background and focuses on life sciences investments.
Per Anders Wärn: General Partner, CEO, Chairman of Investment Committee. Per has a wealth of experience in leading investment strategies and managing portfolios.
Pontus Braunerhjelm: Senior Advisor. Pontus provides insights into market trends and investment opportunities.
Cliff Higgerson: Senior Advisor. Cliff offers expertise in operational support and strategic guidance.
Lennart Ohlsson: Senior Advisor. Lennart specializes in technology investments and market analysis.
Jonas Palmqvist: Senior Advisor. Jonas contributes to deal sourcing and evaluation.
Peter Sondergaard: Senior Advisor. Peter has a background in technology and investment management.
Anna Ljungdahl: Senior Advisor. Anna focuses on supporting portfolio companies in their growth journeys.
Lennart Lübeck: Senior Advisor. Lennart provides insights into investment strategies and market dynamics.
To pitch to STOAF, founders should use the contact form on their website or email magnus.eriksson@stoaf.se. A comprehensive pitch deck is essential, detailing the business model, market opportunity, and technology. STOAF prefers to receive pitches that clearly outline the startup's unique value proposition and growth potential.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions through mutual connections in the business angel network can enhance the chances of a successful pitch.
In recent months, STOAF has made significant strides in its investment activities. The firm has actively invested in innovative companies, including notable firms like LIMINA and VOC DIAGNOSTICS. As of now, STOAF has completed 12 investments under its current fund, STOAF III SciTech, which focuses on sustainable and life sciences sectors.
STOAF's investment pace remains strong, with plans to invest in 4-6 ventures per year. The firm continues to enhance its portfolio by targeting startups that align with its focus on advanced technologies and sustainable solutions.
What are STOAF's investment criteria?
STOAF primarily invests in B2B startups with strong technologies and global market potential. They focus on sectors such as life sciences, advanced industrial technologies, advanced ICT, and sustainable energy technologies.
How can I apply or pitch to STOAF?
Founders can pitch to STOAF through their website at stoaf.se or by emailing magnus.eriksson@stoaf.se. A detailed pitch deck outlining the business model, market potential, and technology is recommended.
What makes STOAF different from other venture capital firms?
STOAF combines the resources of a venture capital fund with the insights and networks of approximately 100 associated business angels, enhancing deal flow and due diligence.
What is the geographic scope of STOAF's investments?
STOAF primarily focuses on investments in Europe and the Nordics, targeting startups that can scale globally.
What is the typical check size for investments?
While specific check sizes are not disclosed, STOAF invests at seed to Series B stages, indicating a range that typically aligns with early-stage funding requirements.
What kind of post-investment involvement does STOAF have?
STOAF provides strategic guidance and support to its portfolio companies, leveraging its extensive network of business angels and industry experts to enhance growth and operational efficiency.
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