TTCP is thrilled to announce our partnership with @ConceptVC_ ! We are excited to support their day-zero focus as it shapes Europeโs next generation of global companies.
Today we launch ๐๐จ๐ง๐๐๐ฉ๐ญ ๐ ๐ฎ๐ง๐ ๐๐โ $88m, Europeโs largest dedicated pre-seed fund.
Built for founders with just a concept and the conviction to chase it.
In the last three years with Fund I, the Concept team has partnered with 44 companies at day zero โ saying yes when others say no.
Weโve led 90% of our rounds, backed founders in every sector from commodities to robotics, and stood behind their ambition to build multi-billion-dollar outcomes from the very first cheque.
๐๐ก๐๐ญ ๐ ๐ฎ๐ง๐ ๐๐ ๐ซ๐๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ๐ฌ:
โขโ ย โ $88m โ significantly oversubscribed, with first close in just 3 weeks
โขโ ย โ Backed by world-class global LPs: @TTCP_SF Partners, @MarktlikCapital, Aldea Ventures, @DominusIsUs, Granite and Integra Partners.
โขโ 70%+ of our Fund I portfolio founders joined as LPs, alongside some of Europeโs best founders โ including unicorn founders @matiii (@elevenlabs), Amar Shah (Wayve), and @Mattisani (Faceit)
โขโ ย โ Fund I is a top 1% fund globally for its vintage on all metrics, with $450m+ raised by our founders so far
๐๐จ ๐ญ๐ก๐ ๐ญ๐๐๐ฆ:ย Anrea Munsamy, Ariel Rahamim, Jeff Chowdhry, Lauren Sauerland, Oliver @kickso and Seyon Indran โ building Concept with you as outsiders to VC has been my greatest joy. From late nights to tough decisions, from wins to crises โ sharing those highs and lows with you has shaped a people-first fund that truly reflects who we are.
๐๐ง๐ ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐๐ฌ: those who believed on day one, with a 90% re-up rate โ thank you for believing in our concept and backing us again.
๐๐ง๐ ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐จ๐ฎ๐ง๐๐๐ซ๐ฌ: thank you for trusting us at day zero. This fund is for your ambition.
A huge thank you to @alexfmac and the @joinsequel team , as a value add LP, for helping us bring this incredible video to life (watch to the end!)
At @ConceptVC_ , we donโt see sectors, we see people. Whether youโre in UK, Italy, Poland, Spain or beyond โ first-time or repeat founder โ if you have the ambition to build globally from Europe, our door is open. Just bring your Concept!
https://t.co/VTq8I7GiK8
4 key insights:
โข The VC asset class has outperformed public markets over the long term
โข Power law = few winners, big impact potential
โข Top-quartile managers generally drive results
โข Diversification by stage & vintage is essential
How should institutional investors think about venture capital?
Our latest blog breaks it down:
๐ Where VC fits in a portfolio
๐ Why access matters
๐ฏ How to build for long-term return potential
Read here๐: https://t.co/aZDvrLe13l
The growth over this past year is a testament to @Adam_Fish and the teamโs visionโ and we are thrilled to back them as they push the boundaries of edge-native technology. Congratulations to the Ditto team on this next step!ย ๐
We are incredibly excited to announce @TTCP_SF 's investment in Ditto's $82M Series B!
@dittolive seeks to redefine edge computing for real-time data processing and reliable connectivity, unlocking new possibilities for industries worldwide.
We are beyond thrilled to announce that TTCP is an LP in @CherryrockCap ! ๐Founded by Stacy Brown-Philpot, Ex-TaskRabbit CEO, Cherryrock is focused on backing underinvested entrepreneurs at Series A and B, a critical inflection pointโ to help bridge the gap beyond early funding.
With an incredible lineup of investors and a powerhouse team, we couldnโt be more excited to support Stacy, Saydeah and the Cherryrock team on this journey ๐
@sbp04
Starting with Higher Ed Admissions, OutRival is set to revolutionize customer connections through Conversational AI, which should drive real business results.
๐Excited to share a milestone from our portfolio!! Today, @outrivalAI launchesโ a platform empowering customer-facing teams to build AI agents and workflows for 24/7 personalized experiences.
1/ Today, we announce @OutRivalAI, designed to transform how businesses connect with their customers through Conversational AI, starting with Admissions Teams in Higher Education. After years of helping people break into tech w/ @Career_Karma weโre expanding our mission. Here is what we are focused on:
https://t.co/9waUi2rqH2
Catch @michelleisvc of @TTCP_SF tomorrow at the Diverse Venture Capital Emerging Managers Conference in SF! ๐
Michelle will be joining the panel โFrom Emerging to Established Venture Fundsโ sharing her views on what this transition looks like for VCs and what LPs are looking for
๐ฅBig news from our portfolio company @typeform! Their โNow You Knowโ brand campaign is officially live! ๐ A campaign that is about to redefine how businesses engage with their audiences.
As they say, you donโt know what you donโt know, till you Typeform #ydkwydk
TTCP was proud to participate in a great event hosted by @boldstartvc and @crewcapital! Love when founders come together to solve big challenges!
https://t.co/E0L3gWU3HB
That's a wrap to an energizing week!
๐๐ผ to 60+ founders who joined us from across ๐บ๐ธ๐ฎ๐ฑ๐ฌ๐ง๐ฉ๐ช to Miami ๐๏ธ for โฆEnterprise Founders Day which โฆ@Boldstartvcโฉ co-hosted with our friends โฆ@crew_capitalโฉ.โฉ
Core theme: Back to Basics building startups from Inception
Thx @guypod for sharing some of the pain and suffering in the early days on the way to ๐ @snyksec
We've all been through a lot the past couple of years, 10x more resilient, and prepared to build + grow again
That's a wrap to an energizing week!
๐๐ผ to 60+ founders who joined us from across ๐บ๐ธ๐ฎ๐ฑ๐ฌ๐ง๐ฉ๐ช to Miami ๏ฟฝ๏ฟฝ๏ฟฝ๏ธ for โฆEnterprise Founders Day which โฆ@Boldstartvcโฉ co-hosted with our friends โฆ@crew_capitalโฉ.โฉ
Core theme: Back to Basics building startups from Inception
Thx @guypod for sharing some of the pain and suffering in the early days on the way to ๐ @snyksec
We've all been through a lot the past couple of years, 10x more resilient, and prepared to build + grow again
Our portfolio company, @Career_Karma has released their State of the Bootcamp Market 2023 report! Learn more about hiring initiatives prioritized by employers and economics around bootcamps.
https://t.co/ZAZpt0rhJ5
1/ Today @Career_Karma dropped the State of the Bootcamp Market 2023 now that skills first hiring initiatives are being prioritized by employers all over the world
Bootcamps earned ~$728 Million in '22
This is $200M+ higher than the # in our last report
https://t.co/uq9Ymqq5VA
Top Tier Capital Partners led Paro's recent Series C and Managing Director Garth Timoll, Sr. joined the company's Board of Directors. We're proud to support and partner with the Paro team as the company enters its next phase of growth.
https://t.co/a28n3ByNzU
Excited to join the selection committee of Slushโs and RAISE Global's Emerging Manager <> LP summit with LGT Capital Partners, AVP (AXA Venture Partners), Isomer Capital, https://t.co/N1GNYCW1d6, UCLA Investment Company and Blue Future Partners.
https://t.co/5MAGRSScH8