The team at Monte Carlo Capital are thrilled to announce that we have made our first investments in 7 ground-breaking #startups that are pioneering solutions in #logistics, generative #AI, #entertainment, #spacetech, #IoT and #SaaS out of our inaugural €15M early-stage #VC fund. We have successfully raised 2/3rds since 1st close in March 2023 and are working on the balance.
We have grown from a “super angel” group investing as a syndicate, into a multi-stage VC, starting at Pre-Seed/Seed and building positions over successive rounds. We start investing 250K through the fund and will typically offer our LPs to co-invest another 500-750K via a SPV. We build our positions over successive rounds, via small tickets from the fund, and larger cheques from SPVs.
We invest in the US, Europe and the UK. We are sector agnostic, but we seek businesses with a strong tech background, solving real problems or significant inefficiencies, with a clear edge and within a large addressable market.
I am also very proud that our first 7 companies in the fund include 2 female CEOs, all our CEOs were born in a different country from where they now live, and 3 of them would be regarded as ethnic minorities in the country they now live in.
🇬🇧 Immersive Fox 🎬 : They allow customers, using a simple phone and voice recording, to create an avatar. The user can simply type text, and the avatar speaks it, using your voice or a “borrowed” voice, in 50+ languages.
🇺🇸 Klay 🎶: Klay has managed to bring together a seasoned group of industry veterans in order to build the first interactive music AI platform for fans and artists to get the most out of their music, using a technology initially stemming out of the MIT Media Lab.
🇺🇸 Rollstack 📈: Fresh out of YC, they offer a seamless solution for enhancing slide and document management within teams' workflows for Google Slides and PowerPoint by using real-time data. With a simple 1-click update feature, keeping your slides up to date becomes effortless.
🇺🇸 AssetWatch® ⚒️: A portfolio company that we first invested in back in 2017, having led 4 successive financing rounds. They are positioning themselves as the market leader in preventive maintenance, by placing sensors on critical pieces of equipment and sending alerts when potential issues are detected.
🇺🇸 Auriga Space 🚀: Developing an electromagnetic space launch system that offers significant advantages in launch cost, reliability, frequency, and responsiveness compared to conventional systems. Unlike rockets that rely on chemical reactions to produce thrust, Auriga's proprietary electromagnetic launch solution uses electricity to accelerate the launch vehicle to hypervelocity.
🇨🇭 2 Swiss companies announcing soon, one in IoT and the other in FinTech.
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