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Overview

Altitude VC Open Angel is a deal-by-deal scout/co-investment program for angel investors who already have allocation in a startup round and want Altitude VC to evaluate a co-investment alongside them. The model is tied to āltitude's sourcing strategy, aiming to democratize informal European angel networks and create earlier deal access.

Investment focus

Altitude VC's Open Angel program aims to empower angel investors by allowing them to co-invest in seed-stage deals while ensuring they have a vested interest in the companies they refer. This model fosters genuine conviction and aligns incentives between Altitude VC and participating angels.

Program details

Designed for Investors, Scouts. The program is remote. Participation is generally part time.

Who it is for

Active angel investors able to invest EUR 5,000 per deal and secure allocation in the round qualify for the program.

Check if you are eligible

Check your eligibility for Altitude VC Open Angel Program

Admissions and application

The program has an open application process, allowing active angel investors to apply without an invitation. Participants must be able to invest EUR 5,000 per deal and secure allocation in the round.

Benefits

Participants benefit from a 20% carry on co-investments, amplifying their investment position in sourced deals. The deal-by-deal structure allows flexibility without long-term commitments.

Timeline

The program operates on a rolling basis with an ongoing deal-by-deal structure.

What came of it

In a July 2023 interview, āltitude General Partner Marc Penkala reported receiving 200 deal submissions during the first two weeks after launch. This is a reported submission count, not a count of completed investments or investment outcomes.

How to go about it

  1. Read what it asks for

    Who can apply, how people get in and whether it is open right now.

  2. Have something to show

    Programs pick people whose work they can already point to. Put yours where it can be found.

  3. Apply the way the program asks

    The program has not published how to apply. Terms and dates change. Check the official page before you act.

What it pays

Participants receive 20% carry on Altitude VC's co-investment (up to EUR 100K top-up per deal). This co-investment amplifies the angel's position in deals they source, with a deal-by-deal structure and no long-term commitment required.

Questions about this program

What is the investment requirement?

Participants must invest EUR 5,000 per deal and secure allocation in the round.

Is there a long-term commitment?

No, the program operates on a deal-by-deal basis.

About āltitude

āltitude

Micro Vc

Investing in European SME Tech.

Lists that include this program

From public sources

What the sources say about Altitude VC Open Angel Program

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