Innovestor’s Post

🌌 Our last "Spacetech investment quarterly report" is out! Karista is proud to release the latest edition of our Spacetech investment quarterly report, providing a synthetic outlook of the global Spacetech sector during Q3 2024. Q3 2024 Highlights: 👉 $2.06B+ in global funding across 39 deals 👉 Top funded sectors: PNT ($438M), Manufacturing & Components ($404M), Satellite ($394M) 👉 Notable late-stage deals: Sierra Space ($290M), Mapbox ($280M), Astranis Space Technologies ($200M) 🗺️ Leading regions: North America and Asia-Pacific DOWNLOAD THE FULL REPORT: https://lnkd.in/evhsnzaF Since launching in 2022, our SpaceTech Investment Quarterly report has provided a comprehensive view of the global SpaceTech market, with a focus on private market investments, startup trends, and fundraising activities. Covering the entire spacetech value chain, from upstream to downstream, we aim to shed light on key developments across space-related businesses worldwide. #SpaceTech #NewSpace #VentureCapital #Karista #Investment #Innovation

Did you know that Governmental venture capital policies are not all alike? In this new article published on the Venture Capital Journal, Pina Testa, Ramon Compaño and I show that they have different design features and reason on how these could influence the effectiveness of government intervention in the Venture Capital industry. Thanks to the #JRC support, the paper is in open access! Many thanks to my co-authors, the reviewers, Yan Alperovych and Vincenzo Capizzi for the editorial work!

The state of European venture capital produced by Affinity.co presents that in 2023 the market presented not only falling valuations and growing liquidity needs but also a considerable decreasing number of European investors. Noticing on the more challenging landscape it can be seen that top firms adopted 3 strategies to distinguish themselves from the rest. 1. Act on data throughout the deal cycle - The use of different data tools and data sources enriches the deal cycle. "58%  of the firms with more than 50 employees use seven or more data sources to evaluate deals" 2. Being agile and adapting to changes quickly - "By monitoring changes in key metrics like network activity, deal success rates, and time-to-close, top firms can quantify what is or isn’t working and quickly change their strategies." 3. Focus on network growth - Given the significant increase of active founders in Europe (up 13% YoY in Q1 2024) VC's shifted from focusing on their existing relationships to investing in new relationships. "It paid off for top firms, who appeared to garner success in Q4 2023 by growing their networks."

✍️𝐃𝐞𝐞𝐩𝐭𝐞𝐜𝐡 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬📈 Nowadays, I spend a good deal of time with EIC Accelerator matters and its balance of grant vs. equity. This balance reflects the crucial role of both public and private funding in deeptech investment strategies. Today, there is as much public funding available for deeptech ventures as there is private investment. Leveraging both effectively can significantly boost the sustainability and growth of deeptech startups, especially in their formative years. European deeptech startups are well aware of the EIC Accelerator's role in providing significant funding to drive innovation. What might be less understood is the variety of public funding: grants, subsidies, loans, tax incentives, and public procurement, all essential for early-stage R&D. Having participated in the investment and funding of many deeptech startups across various fields, I've seen firsthand how high-quality research validates innovations and enhances credibility with investors. Deeptech startups, known for their cutting-edge research, must leverage this strength to attract and secure funding. 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐟𝐨𝐫 𝐃𝐞𝐞𝐩𝐭𝐞𝐜𝐡 • Hybrid Funding Models: Combine public grants with private investment to reduce risks and maximize innovation potential. • Focus on High-Impact Research: Invest in startups with strong research capabilities and potential for high-impact innovations. • Explore Public Funding Opportunities: Encourage portfolio companies to seek and apply for public funding to support early stages and reduce financial burdens. Be aware that there is a variety of public funding: grants, subsidies, loans, tax incentives, and public procurement, all essential for early-stage R&D. • Collaborate with Public Entities: Foster collaborations to create a synergistic funding environment, for better resource allocation and support for innovative projects. By strategically navigating the funding landscape and combining public and private investments, deeptech startups can achieve sustained growth and drive technological breakthroughs. #DeepTech #Innovation #VentureCapital #PublicFunding #TechInvestments #FutureTech

🌟 The 2024 SelectUSA Investment Summit is Next Week! 🌟 I’m thrilled to share that I will be actively participating in this year’s SelectUSA Investment Summit, representing US Expansion Partners. Here’s a glimpse of my agenda: 📅 **Monday, June 24th - 3:30 PM:** I’ll be leading a workshop on "Budgeting for US Expansion" following the always sold-out session by Daniel Glazer on "US Expansion & Fundraising". If you’re planning to expand your business into the US, this session is essential for understanding the financial aspects and ensuring your budgeting is on point. 📅 **Tuesday, June 25th:** I’ll be diving deep into "How to Target the Right Venture Capital in the U.S." This session is designed for startups aiming to raise capital and expand their operations in the US. We’ll cover: - Identifying and targeting the right VC firms - Finding the ideal partners - Securing personal introductions This session will also feature an insightful fireside chat with the incredible Shelly Kapoor Collins from Sway Ventures. Don’t miss out on this opportunity to gain actionable insights from a venture capital partner! Additionally, I’m honored to participate in the Select Global Women in Tech (SGWIT) programming and serve as a mentor for the 2024 SGWIT cohort. Empowering women in technology and supporting their growth is something I’m deeply passionate about. Looking forward to connecting with fellow industry leaders, innovators, and entrepreneurs. Let’s make this summit a memorable and impactful experience! #SelectUSA #InvestmentSummit #USExpansion #VentureCapital #WomenInTech #SGWIT #Networking #Budgeting

Come on, Mexico-based LatAm startups! What are you waiting for? The June 23-26, 2024 SelectUSA Investment Summit in National Harbor, Maryland is nearly upon us. For more information about programming and tech-specific sessions, click on the link below. We hope to see you there! #SelectUSATechMex #SelectUSATech #TechStartups #VentureCapital #StartupLatAm #MexicanStartups #entrepreneurship #LatAmStartups #LatAmVenture #TechMexico #USAExpansion

Our new study has just been published in the Journal of Corporate Finance! In "The sunk cost fallacy in venture capital staging: Decision-making dynamics for follow-on investment rounds", my co-author Fabian Hogrebe and I examine a crucial aspect of venture funding: the dynamics of follow-on investment rounds. Not participating in a follow-on round can be perceived negatively, signaling a lack of confidence in a startup's potential. We wanted to understand what influences these critical decisions beyond the startup's inherent quality. Our findings: Venture capitalists are indeed more likely to reinvest in a startup simply because of prior time and money commitments—highlighting the sunk cost effect. Additionally, our research shows that the maturity of the fund itself plays a significant role, affecting decision-making at the portfolio level. Our study illustrates the complexity of investment decisions driven by both biases and strategic fund considerations. https://lnkd.in/eFS4bKfG #VentureCapital #InvestmentDecisions #FinanceResearch #StartupFunding

Discover how @ReseauCapital's study spotlights the significant economic boost from Quebec venture capital, driving growth and innovation with nearly $90 billion invested over a decade. #QuebecEconomy #VentureCapital #PrivateEquity #InvestmentImpact

As China looks for alternative ways to finance its growing economy, venture capital is playing an increasingly prominent role. Our partners Jack Li, Christian Peng, Feng XUE, Anita Lu and Chao Huang provide a full explanation of China’s venture capital structures in the China chapter of Lexology’s recently published Panoramic Venture Capital 2024. This is a quick reference guide enabling side-by-side comparison between different jurisdictions. Our partners provide a comprehensive and invaluable guide in the form of Q&As, including deal structures, process, due diligence, economic terms, control rights, public offerings and listings, company sales (M&A), legal and regulatory considerations, update and trends. This is essential reading for anyone wanting to know in detail about venture capital activities in China. The guide was first published on Lexology’s website:https://lnkd.in/e9FDZYGD The PDF version is below.

It’s my great pleasure to contribute to Lexology’s collaborative article about China’s venture capital structures. In this article, we provide a quick ref guide in the form of Q&As, including deal structures, deal process, DD, commercial terms, exit strategy, updates and trends, etc. This is essential reading for anyone wanting to know in detail about venture capital activities in China.