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MVP Fund

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A micro-financing business angel fund targeting the best tech startups in Romania.

100%
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Funded 18 Sep 2015
€59,459 target
€130,000 from 18 investors
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Business overview

Location Bucharest, Romania
Social media
Website -
Sectors Finance & Payments Non-Digital B2B
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Investment summary

Type Cohort
Tax relief N/A

Details

Introduction

MVP Fund is a micro-financing business angel fund targeting the best tech startups in Romania at early stage, providing support and cash for equity.

MVP Fund is a continuation of the annual investment readiness MVP Academy pre-acceleration program (http://mvpcademy.co), organized by How to Web (http://howtoweb.co).

Investment Terms

We plan to invest a total amount of €140k in 2-3 companies over the course of 2-5 months. We target investments of €30k – €50k for 6-10% equity (at a €500k valuation) and we will provide active support for 9-12 months.

We take standard equity with pro-rata participation in future rounds, also right to information, standard tag along and drag along rights using the standard Seedrs term sheet http://learn.seedrs.com/wp-content/uploads/2014....

What we’re looking for

The profile of the ideal startup we’re looking for is the following:

• senior teams, well balanced and relevant experience in their sector
• highly scalable businesses with strong tech products
• product in beta phase at least
• primary client validation
• targeting a 100M+ market opportunity

What we expect

We expect all teams:

• to be ready for a follow-on round in less than 1 year with a valuation bigger
than €2M

• to focus on product / market fit and identification of distribution channels
• to enlarge their teams with key people, if needed

• to reach break-even in less than 1 year

• to have the first paying customers in less than 3 months

• to be ready to raise substantial funding in 12-18 months either by doing an angel round, raising VC round or joining a top accelerator (for the purpose of raising financing and scaling the business)

Fees

There will be an up-front fee of 7.5% charged on the total funds raised that will be paid to Seedrs. The remainder of the funds will be invested by the MVP Fund team in the selected companies.

MVP Fund will take a 12.5% carry fee on any profits made by an investor on a deal by deal basis. This is in addition to the standard 7.5% fee that Seedrs charges on any profit made.

Team

- George Dita -
Program & selection

George manages the MVP Academy program, working with all the teams on a full-time basis for coaching, customer development and pitch preparation. George will work with the invested teams on a fulltime basis.

- Bogdan Iordache -
Program & selection

Bogdan has been in touch with all MVP Academy teams as main coach, helping with product definition and business development. As part of MVP Fund, Bogdan will be involved in selection, business development and continuous support.

- Daniel Dragomir -
Operations

As CEO of How to Web, Daniel runs the operational processes of How to Web, gathering support and establishing deals for all programs including MVP Academy. At MVP Fund Daniel will be providing support for operations, legal and financial processes.

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To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited (trading as Republic Europe) ("Republic Europe"), which is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Republic Europe platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Republic Europe platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from Cohort

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

Investing in a cohort campaign allows you to invest in multiple businesses with one click of a button. When you invest in a cohort campaign on Seedrs, you will become a shareholder in each of the underlying businesses that the campaign organiser chooses.

The campaign organiser (who may run an accelerator, for example) identifies the businesses and often provides them with advice, support and mentorship.

The key to successful equity investing is diversification, and a cohort campaign allows you to easily diversify with the added benefit of the businesses receiving additional support and help. For example, if you invest £1,000 into a cohort campaign, each business will receive a portion of the cash invested and you will receive shares in those companies.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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