Altitude VC Open Angel Program
Scout Program
Discover how to join
Altitude VC Open Angel Program
including requirements, application process, and compensation and explore other programs to join!
Scout Program
Altitude VC operates an Open Angel program that allows angel investors to submit deals through an open application for potential co-investment. The program offers EUR 100,000 in top-up funding alongside the angel's own investment, with the angel receiving 20% carry compensation on the fund's co-investment.
The key requirement is that the participating angel must invest EUR 5,000 of their own capital and secure allocation in the round before submitting the deal to Altitude VC. This structure ensures that scouts have skin in the game and genuine conviction in the companies they refer. The model sits between a traditional scout program and a syndicate.
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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.
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.
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.
The program is free to join, but requires a EUR 5,000 co-investment per deal.
The program operates on a rolling basis with an ongoing deal-by-deal structure.
The program requires a part-time commitment from participants, as it operates on a deal-by-deal basis.
The program has been mentioned in Sifted's article on European scout programs, highlighting its role in the VC ecosystem. Link
Q: What is the investment requirement? A: Participants must invest EUR 5,000 per deal and secure allocation in the round.
Q: Is there a long-term commitment? A: No, the program operates on a deal-by-deal basis.
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