TLDR:
- Enschede-based startup Golden Egg Check (GEC) has raised €2.5 million for its venture capital fund, GEC Capital I. The fund aims to close at €5 million before the summer.
- GEC Capital I plans to make 30 to 35 investments in tech companies over the next three years. It currently has a portfolio of 14 startups, primarily Dutch software companies.
- The Dutch firm uses a co-investment strategy, partnering with specialized VCs or groups of relevant angel investors for every investment. It also aims to build a founder community, as entrepreneurs can learn a lot from each other.
Enschede-based startup Golden Egg Check (GEC) has raised €2.5 million for its venture capital fund, GEC Capital I. The fund aims to close at €5 million before the summer. The new capital comes from various (former) tech entrepreneurs and investment firms, including Koejans Capital, 819 Capital Partners, Arjé Cahn, Geert-Jan Smits, and Investeringsfonds Groningen.
GEC Capital I plans to make 30 to 35 investments in tech companies over the next three years. It currently has a portfolio of 14 startups, primarily Dutch software companies. The company employs a co-investment strategy, consistently partnering with specialized VCs or groups of relevant angel investors for every investment. This allows GEC to tap into their knowledge and expertise while providing its network of investors with better access to capital.
The company also aims to build a founder community, as it believes that entrepreneurs can learn a lot from each other. By creating an active fund with frequent deal-making, GEC hopes to foster peer-to-peer interaction and learning among its portfolio companies.
The companies that GEC Capital has already invested in include Propel, Valyuu, Quan, Orquesta, and Roseman Labs. Some of these companies have already raised follow-up rounds.
Golden Egg Check is a startup analyst company that leverages data, insights, and a robust network within the Dutch tech and VC ecosystem. The company’s mission is to propel the Netherlands to the forefront of European startup ecosystems. GEC assesses the potential, feasibility, and investor readiness of companies by employing the perspective of venture capital investors. With years of experience studying VC investment preferences and decision-making, GEC applies best practices to assist startups, scale-ups, internal ventures, and new business cases in becoming success stories.
