🦄 The DART Weekly #16 ~ The Professional Angel Investor

Go back to the DART archives
February 06, 2021
Hej Folks,

Jeff dropped the mic on a high note ($125.6B of quarterly revenues). In the meantime Elon clogged Clubhouse when he announced the chat with Sriram Krishnan, Marc Andreessen and Vlad Tenev (surprise). I believe that rooms of people sharing their 2 cents about the happening are still on now. #ranting

Time to prepare for the new roaring 20s. What do you say about a wine startup? Uber acquired one to expand its delivery services, another one raised $155M. Is there space for a HelloFresh for wine, I wonder?

I know nothing, but I never expected the eyelash extensions to have a $2B market.  

Yet another episode of The DART Bullseye will be available on Monday. Federico is the MC this time.

Entrepreneurship Chronicles

Lifetime opportunities occur anytime, also at a birthday party.
Martin Lorentzon needed help with PR at his music project when he met Sophia Bendz. It was 2006 and Spotify was just a few months old.
When she joined the startup her business card stated “marketing and communication” (Your First Million). She effectively became that department from early 2007 until 2014, from its launch to the 10 million subscribers milestone.

She then moved on to working at Atomico, after meeting with Niklas Zennström. With previous angel investing experience, she took the role of executive in residence and pioneered Atomico’s Angel Program, which now just launched its third cohort. 

After 2 years as Partner at Atomico, she joined Cherry Ventures to focus on her passion for early stage investments and B2C ventures (TechCrunch).

THE TAKEAWAY
She once said about the tech community: “I was born in one of the most equal countries in the world. I understand it’s different depending on your background. One thing that I love about the tech community is that it’s very open. I think we understand that, in order to create the best products we need diversity and we need to have teams that are representing different cultures and regions.

🎙 The DART Bullseye

A weekly podcast on innovators, entrepreneurs and investors.
AKA people familiar with the matter.


Is it possible to take applied research outside the university walls?
Matthieu (I) spoke with Salvatore Di Dio, Founder @ MUV B Corp.

Tune in to listen to a nice convo on sustainability, university research and gamification.
 
      

Of Unicorns and Cowboys

🦄 The Rounds

The deals worth knowing in Europe and beyond - ordered from coolest to coolio

🇪🇸 Green wave: Wallbox raised €33M surfing on the EV wave. The electric charger manufacturer operates in EU, CN and US and will benefit from recovery fund money.

🇷🇴 Postponed: UiPath hits a $35B valuation after a $750M funding round. The RPA market leader became the biggest European unicorn. IPO postponed?

🇫🇷 Browsing: Beam raised $9.5M in Series A funding. The startup has a browser that helps users organize the knowledge deriving from internet researches.

🌈 The Pots

The exits you should follow in Europe and beyond - IPO, direct listing, SPAC, bankruptcy ... all awesome stuff

🇮🇱 Collector: Otonomo went public via SPAC at a $1.4B valuation. The startup collects and analyzes 4B datapoints a day from connected vehicles.

🇳🇱 Boxed: Amsterdam-based SignRequest got acquired by Box. The wannabe "content cloud" will integrate the e-signature in the standard service.

🇺🇸 $ME: Genetics testing 23andMe is going public via a merger with VG Acquisition Corp, Richard Branson's SPAC. Anne Wojcicki's company raised $900M thus far.

🤠 The Funds

The tales of unicorns' hunters you should know about - particularly relevant if you are a founder looking for backing

🇪🇺 They are here!: Tailwind International Acquisition is a SPAC that filed to raise $250M. Its goal will be a European tech company.

🇸🇪 The North: Growth investor Verdane closed Edda II at hard cap with €540M to invest in tech-enabled companies. Verdane stats are good: 3x ROI.

🇪🇺 Angels: Atomico launched its third angel programme. The cohort was carefully selected to have 50% female angels and 50% non-white angels.

🧑‍🎤 ... and The Quirky Ones

The crazy stuff we gossip about while sipping our chai latte - it's like others, but better

🇩🇪 Icebreaker: With $800M raised to date, N26 is now considering to carry out its first acquisition. What's the target going to be?

🇪🇺 Lil' Lobby: The major micromobility operators collaborate in Micromobility for Europe (MMfE). They want to ensure that such solutions flourish in Europe.

🇩🇪 Offsetting: Delivery Hero reached carbon neutrality in Europe and Latin America. Offsetting helped them while finding a solution to reduce its CO2 consumption.
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