Lower Middle Market Investment Criteria
Geographies
We focus on Europe and North America.
EBITDA
We look for an EBITDA greater than $1 million USD.
Industries
We are industry agnostic while our core competencies are in construction, design, project management and real estate.
Revenue
We invest in companies with a minimum $5 million USD in annual recurring revenue (ARR).
Security
We make control and influential minority investments.
Ticket Size
Our typical investment ranges between $1 to $5 million USD while for the right opportunity we will invest more or less.
Venture Capital Investment Thesis
Co-investors
We do not lead rounds; therefore, there must be a lead investor from the top 50 private equity or venture capital firms.
Geographies
We believe a large diversified portfolio reduces risk.
Industries
We are industry agnostic while we mostly invest in technology companies.
Market
The total addressable market (TAM) must exceed $10 billion USD.
Revenue
We invest in companies with a minimum $50,000,000 annual recurring revenue (ARR).
Rounds
We invest in Series D+ rounds.
Security
We invest in Preferred Equity securities.