- Posted by dayone-admin
- On July 5, 2015
- 0 Comments
- day one, international, startup, VC
by Eva Rez
As Financial Times pointed out, Day One Capital is one of the rare birds in Hungary, which manages privately financed funds in order to invest in & boost innovative start-up teams. And it has been a year now that Day One extended its operation to the international scene, mainly focusing on the Central Eastern European talent pool with high-quality projects.
Day One’s entrée to the international landscape was investing in a Slovenian team with a Bulgarian co-investor, LAUNCHub. Due to the blooming start-up event supply, there are plenty of occasions for start-ups and investors to meet. At one of these festivals, Kinestica – creating state of the art rehabilitation solutions – and Day One got in touch and it turned into our first and very promising foreign investment. Although, Day One had already participated in co-investment structures before, this was the first time that we went along with a venture capital firm outside the country. Since then we have already financed our second international team, Oradian! For more details see the related blog post.
To build our pipeline and gradually create a diversified, international portfolio, Day One is first targeting the CEE region and the Balkan. These countries are in a distance, which we reach relatively easily in a short time, or we just meet our founders half way. Thus, our hands-on approach has no limit: we truly mean to give support to our teams and enable them to accomplish real value creation, exploit synergies within our extended network and achieve an internationally scalable success story. We also believe that we can select projects & teams from these countries with a broad variety of skills and education background. Moreover, we are looking for people who have a mind-set and ambition to scale up their business on an international level. We see that some of these surrounding countries offer teams with more entrepreneurial spirit than others, and we are definitely searching these talents, who are able to make their innovative ideas come true by effective execution.
Day One has built a broad network with other VCs including regional, Anglo-Saxon, German and Scandinavian investors. As mentioned before, Day One has already participated in several co-investment structures, and we see the benefits of such deals together with renowned market participants from other countries. In case of bigger than the average seed investment rounds, start-ups can raise the required capital more easily. Moreover, they get access to more VCs’ network and knowledge base, and even take advantage of synergies with similar portfolio companies of those. Our extended international network can also be useful when start-ups are looking for connections to local markets or would like to have a subsequent financing round.
How start-ups and potential co-investors can meet us? Our team attended many start-up events in 2014 and 2015 H1 already, including smaller pitch competitions where we delegated jury members or mentors, as well as prominent start-up festivals all across Europe. We are planning to be there at even more international events in the near future, so look for us!
We strongly believe that thinking and operating internationally is a beneficial must for both investors and entrepreneurs. Our vision is to collaborate with other VCs from various countries in building an international portfolio and supporting teams who can be the entrepreneurs of the future on a global scale.