Snatched Venture

How We Choose

A robust, data-driven, and hands-on due diligence process to identify the best DeepTech ventures.

Sourcing Strategy

Proactive sourcing driven by deep dives an annual thesis tested by our ecosystem

On the contrary of purely reactive relying on deal flow exchanges, accelerators and inbound outreach

Theses & Deep Dive Outreach (50%)

Develop theses through deep dives in each of our six thematics

  • Deep dive reports on the applications of our eight DeepTech technologies in each of our six thematics
  • Leverage Jolt.Ninja, Pitchbook and Affinity for deal sourcing, signal detection, matching and workflow
  • Last check on our targets with academic experts, LPs and CVCs
  • Identified targets outbound outreach

Partnering Investors (20%)

Collaboration and co-investing with a stable group of investors

  • We co-invest with some of the top VCs in the US, EME, APAC
  • We have quarterly contacts with 150+ VCs, corporate VCs, incubators and family offices, pensions and sovereign funds

Entrepreneurs, Accelerators (20%)

Strong relationships with entrepreneurial clusters built over decades

  • The GPs have invested collectively $56+ million across 45 companies where founders make introductions to peers
  • We receive about 5-10 daily inbound solicitations from founders finding us through accelerators

Domain Experts & Universities (10%)

An advisory network quickly expandable

  • Up to 50+ advisors, investors or support members at Empire Angel Collective,
  • Leverage Jolt.Ninja, Pitchbook and Affinity for deal sourcing, signal detection, matching and workflow
  • Relationships building with universities
  • Experts met in due diligence

Universe of venture-backed and stealth startups

  • 200-250K startups (1)
  • 70-80K in DeepTech (2): 20% share of venture capital funding (3)
  • Deep dives on 8 techs across 6 thematics in our geographies

50-60 decks checked and 25-30 intro calls a week

  • Sourcing combining thesis and deep dives driven outreach, quarterly calls with 150+ strategics and investors and introductions from trusted advisors and invested or previously reviewed founders
  • Inbound solicitations, selected accelerators and universities

Strongest companies selected for 2nd team calls

  • Follow-on team call if financial criteria met in revenue, margins, cash conversion score and revenue to capex ratio
  • Discussion in weekly Investment Committee (IC) meeting

Full due diligence when passed the IC meeting

  • Visits of HQ and facilities, product demo and testing, reference calls
  • Data room review and questions
  • Extended investment memo, legal and accounting due diligence

Companies invested annually: 4-5 per year

  • We invest in less than 1% of the companies we see

Annual Investment Funnel

Select less than 1% of opportunities focusing exclusively on the potential fund returner