15.5m Series Element Ventures 23m Musgrovetech.Eu is a venture capital firm founded with a mission to provide seed and early-stage venture capital to technology startups.The firm invests in European and US-based companies and is headquartered in Copenhagen, Denmark.
History
15.5m Series Element Ventures was founded in 2011 by Yanki Margalit and Kristian Hovman and focused on early-stage venture capital investments in startups across Europe and the United States. Over the years, they have been successful in funding a variety of technology startups that have gone on to achieve major successes, such as booking.com, Klarna, Spotify and, more recently, Quipu.
Notable Portfolio Companies
Since its launch, the firm has invested in a number of technology startups and their notable portfolio companies include Web Summit, Krediid, Labster, Journey, StatusToday and Answear. 15.5m Series Element Ventures also has participated in the series funding for Global Fashion Group, Airmap and Artisense alongside Bessemer Venture Partners, Partech Ventures and American Express Ventures.
Investment Strategy
15.5m Series Element Ventures adopts a hands-on approach to their investments. The company provides access to resources such as product building, customer acquisition, team grow and more. Furthermore, the team provides assistance with strategy, operations and fundraising.
The firm typically invests early in the lifecycle of a startup, from the seed stage up to series A or early-growth stage. Generally, they invest between $500,000 and $2 million per investment and they work closely with companies interested in scaling up in Europe and the United States.
Musgrovetech.Eu
In 2017, the venture firm decided to expand its presence in Europe and opened a Berlin-based office, Musgrovetech.Eu. The startup is focused on funding startups in the data-driven technology space such as artificial intelligence, machine learning and the Internet of Things. The new office has seen some success with investments in companies such as Aicrowd, Flux Labs and Hidris.
Conclusion
15.5m Series Element Ventures 23m Musgrovetech.Eu is a venture capital firm founded with a mission to provide seed and early-stage venture capital to technology startups across Europe and the United States. The firm typically invests early in the lifecycle of a startup and provides a hands-on approach to investment. In 2017, they opened a new office in Berlin dedicated to investing in data-driven technologies.
