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ThirtyEight Capital is a venture capital firm based in Munich, Germany, founded to support early-stage businesses across Europe. The firm emphasizes capital-efficient growth and operator-led execution, targeting ventures that exhibit clear unit economics and paths to early profitability. This approach allows founders to maintain significant ownership while building their companies.
Founded with a mission to invest in underfunded verticals and overlooked markets, ThirtyEight Capital has established itself as a key player in the early-stage investment landscape. The firm operates with a self-funded model, suggesting a focus on GP-capital or family-office backing rather than traditional institutional limited partners. Currently, ThirtyEight Capital manages a portfolio of three companies and aims to expand its reach within the European market.
ThirtyEight Capital invests primarily in early-stage ventures, specifically in sectors such as consumer, healthcare, food-agtech, and commerce. The firm targets pre-seed, seed, seed+, and Series A stages, providing structured funding of up to €1 million across two rounds. This investment strategy allows for a collaborative approach to building sustainable and profitable businesses.
The firm prioritizes capital efficiency and operator-led execution, focusing on businesses that demonstrate clear paths to profitability. ThirtyEight Capital seeks founders who are deeply knowledgeable about their markets and possess a strong vision for their companies. By concentrating on fragmented and underserved industries, the firm aims to create value through hands-on co-creation support and a follow-on network of angels, investors, and family offices for co-investment opportunities.
ThirtyEight Capital's portfolio includes three notable companies:
These companies reflect ThirtyEight Capital's commitment to investing in sectors that are often overlooked, while also demonstrating the firm's focus on capital-efficient growth and operational profitability.
Alexander Lorenz: Partner at ThirtyEight Capital, Alexander has extensive experience in venture capital and entrepreneurship, focusing on early-stage investments.
Marc Schuler: Partner, Marc brings a wealth of knowledge in operational management and investment strategy, particularly in consumer-focused ventures.
Stefan Menden: Partner, Stefan specializes in healthcare investments and has a strong background in scaling startups within this sector.
Gigi Zappel: Partner, Gigi has a deep understanding of technology investments and works closely with tech-enabled startups.
Daniel Bronk: Partner, Daniel focuses on food and agtech investments, leveraging his expertise in these rapidly evolving markets.
Till Margraf: Partner, Till has a background in operational excellence and supports portfolio companies in achieving sustainable growth.
Chris Lenz: Partner, Chris specializes in crafting investment strategies that align with the firm’s focus on capital-efficient growth.
To pitch ThirtyEight Capital, founders should send an email to lfg@thirtyeight.capital. It is recommended to include a comprehensive business plan, financial projections, and details about the market opportunity.
Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory. A clear articulation of the business model and growth strategy will enhance the chances of a successful pitch.
As of April 2023, ThirtyEight Capital has made significant strides in the early-stage investment landscape, focusing on sectors such as consumer, healthcare, food-agtech, and commerce. The firm continues to expand its portfolio, currently comprising three companies.
ThirtyEight Capital emphasizes hands-on co-creation support and has established a follow-on network of angels and investors to assist portfolio companies in subsequent funding rounds.
What investment criteria does ThirtyEight Capital use?
ThirtyEight Capital focuses on early-stage ventures that demonstrate clear unit economics and paths to early profitability. They prioritize sectors such as consumer, healthcare, food-agtech, and commerce.
How can founders apply or pitch to ThirtyEight Capital?
Founders can reach out via email at lfg@thirtyeight.capital to pitch their ideas. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes ThirtyEight Capital different from other VCs?
The firm emphasizes capital-efficient growth and operator-led execution, which allows founders to retain significant ownership while building their companies. They also provide hands-on co-creation support from day one.
What is the geographic scope of ThirtyEight Capital's investments?
ThirtyEight Capital primarily invests in early-stage ventures across Europe, focusing on markets that are often overlooked by traditional venture capital firms.
What is the typical check size for investments?
ThirtyEight Capital typically invests between €0 and €1 million across two funding rounds, allowing for structured support as companies grow.
What kind of post-investment involvement can founders expect?
The firm provides a follow-on network of angels, investors, and family offices for co-investment opportunities, ensuring that portfolio companies have access to additional resources as they scale.
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