Launch of CofounderZone Corporate Angel Fund
We are proud to announce that after fruitful negotiations, CofounderZone team has signed an investment agreement with Polish Development Fund (sovereign wealth fund of Poland) as our cornerstone investor.
Participating in the PFR Biznest Programme, CofounderZone is responsible for deal sourcing, investments, and portfolio management, while providing financial leverage with preferential investment terms for business angels.
Investments in the smart money formula allow us to reach the substantive potential and experience of members of the business angels network and the CofounderZone management team.
Our investment ticket, in the newly established fund, will reach PLN 4 mn (EUR 0.9 mn), including follow-on investments, without a fixed minimum investment limit
Due to a broad spectrum of industries that is represented by angel investors in our network, CofounderZone is a generalist fund, focusing on companies that have a defined product and generate first revenues or are characterized by dynamically growing traction (Seed and pre-Series A).
We welcome business angels who, thanks to their experience, competences and personal network, support new ventures with the smart money.
CofounderZone’s strategy assumes deal-by-deal co-investments in the proportion of: 50% funds provided by CofounderZone and 50% provided by business angels, with a preferential for business angels distribution of the investment surplus - up to 65% for business angels. At least two business angels are required for each investment and one business angel may take maximum 75% of the business angels contribution.
The co-investment mechanism allows a non-simultaneous exit and an increase in capital involvement in a given company outside of co-investment. Business angels have the opportunity to invest through their investment vehicles.
CofounderZone manages PLN 30 mn AUM (EUR 7 mn) and has secured additional PLN 30mn in contributions from current angel investors.
For more details regarding funding opportunities or how to join our business angel network, please contact CofounderZone team at: info@cofounder.zone