Followed-on from 40k initial ticket to 2M total across fund life, demonstrating conviction-building strategy in accounting software.

Early bet on agentic AI applied to healthcare vertical; co-invested with Plug and Play in 2.5M round.

Exited position achieving 27x multiple through partial sales, validating early conviction in benefits platform.

Entered at 12-14M valuation in 2018, invested 4.5M total across fund life; recent secondary at 1B valuation returned 10M while retaining 5%+ ownership.

Pre-seed investment in BSC spinout building enterprise AI evaluation platform; German deeptech specialist Forte Ventures led follow-on 12 months later validating technical thesis.

Mid-market import/export data software pivoted to global coverage, rapidly scaled past 1M ARR post-investment; co-invested with BStartup.

Bootstrapped logistics company doing 40M+ revenue with only one small round and internal bridge; efficient capital use could yield strong returns even at modest exit.

Overruled initial anti-thesis (no CTO, high valuation, treasury software vs competitors) because of exceptional founding team (ex-investment bankers); now best portfolio candidate…

Invested pre-product/pre-revenue at COVID onset despite no CTO; now best performer in Fund II with strong traction in CFO software category.

Achieved >100M exit via secondary transaction, returning meaningful capital to LPs.

Realized liquidity through secondary sale to JC Flowers, demonstrating exit capability in insurance vertical.

Top-tier London fund's mere involvement compelled founder to sign with local investor before Index meeting, signaling brand dominance in competitive deals.

YC brand creates immediate competitive tension; Spanish VCs rush to invest before YC batch entry to avoid adverse selection and valuation step-up.