Category: Blog

  • How to Find Product/Market Fit Using Metrics

    How to Find Product/Market Fit Using Metrics

    As seed-stage investors, we often invest in companies in search of product/market fit. While some founders have a clear strategy for working their way toward product/market fit, quite often, we see founders who are mystified by the concept and are not systematically working toward it. In this blog post, I share some thoughts on how to systematically work toward product/market fit and use metrics to assess progress. What Is Product/Market Fit? Product/market fit is the sweet spot where your product or service aligns perfectly with the needs and desires of your target market. It means that you’ve found the right

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  • In Spotlight: SACLÀB – Where Luxury Meets Transparency

    In Spotlight: SACLÀB – Where Luxury Meets Transparency

    In the spring of 2023, we invested in SACLÀB, a Munich-based online marketplace for luxury handbags. In this blog, we put the spotlight on SACLÀB and see what they are up to. SACLÀB is an online marketplace that specializes in coveted handbags from prominent designers. Whether you’re a buyer or a seller, their mission is to provide a safe and secure experience throughout the process. Let’s explore what makes them unique. In 2018, siblings Alexandra and Jan-Oliver Stueck founded SACLÀB. Their vision was to create a platform to revolutionize the pre-loved luxury market. Today, the company has offices in Amsterdam

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  • Trind Invests In inGain, a Latvian no-code SaaS loan management system provider

    Trind Invests In inGain, a Latvian no-code SaaS loan management system provider

    Trind leads the investment round in inGain, a Latvian FinTech startup offering a no-code SaaS loan management system to FinTech companies. Latvian startup inGain has announced that it has raised EUR 650,000 in funding from us and Fiedler Capital, as well as from the Latvian Business Angels Network and several business angels. This is the first publicly announced investment in Latvian startups this year. inGain offers a no-code SaaS loan management system to fintech companies, as well as other businesses that want to offer lending to their customers.  inGain is a B2B fintech company that provides a lending solution for

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  • How to Get Noticed by VCs – 3 Tips for Founders

    How to Get Noticed by VCs – 3 Tips for Founders

    In this blog post, Iryna Krepchuk shares three tips for founders on how to get noticed by investors. Before I get into the chances of getting an investment, let me talk about your chances of even getting noticed (especially if you are at a very early stage). When I was applying for a job at a VC, I spent a while knocking on every door without understanding why I might be a fit for that particular fund. Now, I see similar behavior from startup founders who spend little time figuring out whether or not they are the right fit for

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  • Trind invests in music promotion startup Groover

    Trind invests in music promotion startup Groover

    Music promotion platform Groover has closed an $8 million Series A funding round. The round was led by investors OneRagtime, Trind Ventures, Techmind, MozzaAngels, and supported by historical backers, Partech, Bpifrance’s Tech & Touch fund, Verve Ventures, and Frenchfounders. Groover was founded in 2018 in Paris by Dorian Perron, Rafael Cohen and Romain Palmieri. Groover connects independent artists with the best curators, radio stations and labels seeking emerging talents. The platform guarantees that music curators and professionals will listen to your track, respond with feedback, and share the tracks they like. Since its launch, Groover has attracted nearly 350 000 independent artists from over 180 countries,

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  • Trind invests in Scorestars, the basketball fan engagement platform

    Trind invests in Scorestars, the basketball fan engagement platform

    Scorestars, the basketball fan engagement platform, today announces that it has raised €725K in a Seed round led by Trind VC, Startup Wise Guys, 3 Comma Capital, and Estonian angel investors. The Estonian company has signed multi-year partnership agreements with the Turkish, Israeli, Lithuanian, and Basketball Champions League. With the first investment, Scorestars will invest in marketing campaigns and acquire new talent to become the second screen for sports fans. The company has built a platform where fans can collect their favorite athletes’ digital cards and play a fantasy game. The game has weekly, monthly, and seasonal prizes from VIP

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  • What is a Cohort Analysis?

    What is a Cohort Analysis?

    When evaluating startups, we review customer acquisition, behavior, and retention. For this purpose, we often ask to see a cohort analysis. In this blog post, we dive a little deeper into what is a cohort analysis, what it tells, how to build one, and what should be taken into account when using it. What is a Cohort Analysis Cohort analysis is a powerful tool for understanding customer behavior over time. It helps businesses identify trends and patterns in customer engagement and retention, which can be used to make informed decisions about marketing, product development, and customer support. How Cohort Analysis

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  • In Spotlight: Webel

    In Spotlight: Webel

    Webel is a Madrid-based startup that operates an on-demand home services marketplace. Webel’s mission is to provide a platform where clients can search, book, compare, pay, and review home services such as cleaning, nannies, and tutors. In this blog post, we will delve into the story of Webel, its unique business model, and its funding rounds. We will also explore how the company has disrupted the traditional home services industry and what the future holds for this innovative startup. Webel was founded in 2018 by Carlos Estévez Rincón, Guillermo Mateo, and Nacho Tejero Mancho. Their mission is to provide a

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  • Fractory Raised 5 Million Euros

    Fractory Raised 5 Million Euros

    Fractory, our portfolio company focused on manufacturing, raised 4.8 million euros with the help of strategic investors. The additional capital is used for expansion in existing markets, mainly in the United Kingdom and Scandinavia. The main focus is on increasing the offered production capacity and volume in order to strengthen existing customer relationships and increase the value proposition to the growing customer base. Fractory started in 2017 on the Estonian market and has at least doubled its turnover year after year, and in many ways through large customers. This year we received our first order, which was over 2 million

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  • What is an Investment Agreement?

    What is an Investment Agreement?

    In the final part of our investment documents blog series, we will dive into the investment agreement. Whereas the term sheet is the starting point, the investment agreement is sort of the final step. The investment agreement is the document that sets out the investment details. It includes the actions required to close the investment and the structure of the investment itself. Besides, the investment agreement typically consists of the representations and warranties of the company and the existing shareholders. Once the investment agreement has been approved, everything is set for the investment. Investment Requirements for the Investment The investor

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