Alliance VC

Cool Sifted article about the Kry Founder Factory featuring three Alliance VC portfolio companies, Steep, Hemi Health and Ripe - no coincidence with the quality of founders and Anders Hallin, ex-Kry, partner on our team 🙌🚀 https://lnkd.in/eEzNEAKc

Exciting news from Medal.tv 👇🚀

Our partner, Arne, visited the Shifter.no podcast to chat with Lucas H. Weldeghebriel about startups, venture capital, Alliance VC and more. 👌 Well worth checking out 👇 (in 🇳🇴) https://lnkd.in/dqQxRysM

Following Versiro announcing their seed round yesterday 🎉, we’d like to share our perspective 🔎 on why we’re so pumped to join Simon, Markus, Jørgen and team + wider alliance on the mission to enable power system flexibility and help integrate renewables into the grid ⚡️🚀 Check it out 👇   Johannes Teyssen // Henrik Hatlebrekke // Kjetil Holmefjord // Henrik Langeland // Nikolai Heum // Fredrik Thomassen // Knut H. H. Johansen // Stine Rolstad Brenna // Lise Fulland // Gisle Østereng // Lorenzo Ruscelli // Hans Geelmuyden // Sondo Capital // Startuplab // Fortress Fund // Norwegian University of Science and Technology (NTNU) // Nordic Innovation House - Silicon Valley   https://lnkd.in/d5cuiyNm

Alliance VC is very happy to continue to invest in Steep as the company raises it €4 million seed round from Connect Ventures, Inventure, Greens Ventures, and Antler. We are looking forward to seeing Johan, Nino and the team continue to build a modern business intelligence tool that is delightful for both data leaders and users. https://lnkd.in/dMYeyNws

Alliance VC is ready for an electrifying journey ⚡ We are thrilled to back Simon, Markus and team Versiro, by leading the €2.3M seed round and joining an all-🌟 team of allies. Arne was lucky enough to meet the founders as they were starting the company, and they have impressed us ever since. The mission of enabling flexibility and helping integrate renewables in the grid is both meaningful, valuable and exciting – 3x✅ Jørgen Kildahl // Johannes Teyssen // Henrik Hatlebrekke // Kjetil Holmefjord // Henrik Langeland // Nikolai Heum // Fredrik Thomassen // Knut H. H. Johansen // Stine Rolstad Brenna // Lise Fulland // Gisle Østereng // Lorenzo Ruscelli // Hans Geelmuyden // Sondo Capital // Startuplab // Fortress Fund // Norwegian University of Science and Technology (NTNU) // Nordic Innovation House - Silicon Valley

👇 Worth checking out 👍

"Is this a good time to fundraise?", is a question we get from time to time. This is our thoughts the state of the Nordic seed investing market in Q2 2024. In Q1 and early Q2, we have started to see our expectation for 2024 being a strong year for seed investing becoming reality. However, it is still very much a market of haves and have nots. For the haves (generally a very strong team using AI to build a new generation product for a large market and having initial traction) it is a very good a time to raise seed capital as valuations are strong. Even with the tough market for the have nots, this makes us assess that Nordic seed valuations have increased somewhat in 2024 compared to H2’2023. When we zoom out, the view of the general market becomes a bit murky. As an example, while seed valuations are up, valuations at Series A are generally flat. This indicate that companies raising large seed rounds today, will have to execute very well to raise strong Series A rounds. Data from Carta’s State of Private Markets Q1 2024 report supports this view. It highlights that the time between funding rounds (from seed to Series A, and from Series A to Series B) is getting longer than the typical 18-24 months, that ca 40 % of all financings in Q1’24 were bridge rounds and that shutdowns were up +86 % from Q1’23 to Q1’24 for startups that had raised venture capital. Those are signs of a tough fundraising environment. So, we need to keep two seemingly contradictory ideas about H1’2024 in our minds at the same time. The next big thing can attract funding at good terms and a high number of startups founded in the last few years have a tough time raising capital at all.

"Is this a good time to fundraise?", is a question we get from time to time. This is our thoughts the state of the Nordic seed investing market in Q2 2024. In Q1 and early Q2, we have started to see our expectation for 2024 being a strong year for seed investing becoming reality. However, it is still very much a market of haves and have nots. For the haves (generally a very strong team using AI to build a new generation product for a large market and having initial traction) it is a very good a time to raise seed capital as valuations are strong. Even with the tough market for the have nots, this makes us assess that Nordic seed valuations have increased somewhat in 2024 compared to H2’2023. When we zoom out, the view of the general market becomes a bit murky. As an example, while seed valuations are up, valuations at Series A are generally flat. This indicate that companies raising large seed rounds today, will have to execute very well to raise strong Series A rounds. Data from Carta’s State of Private Markets Q1 2024 report supports this view. It highlights that the time between funding rounds (from seed to Series A, and from Series A to Series B) is getting longer than the typical 18-24 months, that ca 40 % of all financings in Q1’24 were bridge rounds and that shutdowns were up +86 % from Q1’23 to Q1’24 for startups that had raised venture capital. Those are signs of a tough fundraising environment. So, we need to keep two seemingly contradictory ideas about H1’2024 in our minds at the same time. The next big thing can attract funding at good terms and a high number of startups founded in the last few years have a tough time raising capital at all.

Today we served some food for thought in Helsinki together with out friends at Spintop Ventures and node.vc 🧠 🙌 Great to see so many women in VC gather for breakfast and share experiences and support each other! In our business collaboration and contributing to our local ecosystems is crucial, and we are constantly thinking of new and better ways to do so 🤝