111 has been created by entrepreneurs for entrepreneurs. We invest €0.2M to €1M in rounds of up to €2M in in a variety of high-tech businesses mainly in the big data, fintech, artificial intelligence, gaming, entertainment and intelligent transportation industries. We will help your startup turn into a growth business. If you have a growth business we consider larger investments generally up to €5M. 111 also provides advice on businesses seeking to exit via an IPO or acquisition.
We strongly believe that sound businesses have sound business models that can be clearly explained in a simple and straightforward manner. At minimum, we need to see a working minimum viable product with clear demand in the market, possibly with customer references and a clear path to revenues together with a clear customer acquisition plan. Ideally you are generating income at an early stage, perhaps via pilot projects, early adopter revenues and executing on a clear and affordable customer acquisition strategy. We love subscription models and business plans that throw off recurring revenues and liquidity. We are less keen on models requiring large volumes of low-value customers as they tend to be hard and expensive to acquire and retain.
Committed Team with Complimentary Skillset
Relevant Past Experience
Consistent Track Record
Can Explain Ideas Clearly and Supported by Data, not Assumptions
Ability to Attract and Hire great people
Ability to Delegate tasks effectively and build Company Culture
Lean Operations without Excessive Overheads
Listens and Communicates Clearly
Really knows the customer and industry and understands the problem
Has a sound solution that leads to a repeatable & scaleable business
We want your company to become a leading regional or global business and are looking for exits >€50m. If your market is >€0.5B in your region & you have typically high software margins, this suggests a large enough global market to grow into a great sized business for 111, but we use that number only as a rule of thumb. In some cases we prefer to be a big fish in a smaller pond than a smaller fish in a larger pond.