FAQs

On the right a list of frequently asked questions about fundraising. >

Do you have an additional question? Feel free to reach out to us!

About our Fundraising Services

What exactly does 48cap. do?

We support startups in raising capital by developing a fundraising strategy with them, help them refine their investor materials (such as pitch deck or financial model) and set up a professional data room, matching them with relevant investors, managing investor outreach and coaching them through term sheet negotiations—on a success-fee basis.


How are you different from a VC or investment banker?

We do not take a retainer. We work on a 100% success-fee basis. This model makes us investors (not in capital, but in capabilities and capacity) in your fundraising journey, aligns our interests, and makes us partners.


What stage of startup do you typically work with?

We focus on startups raising their Seed+ to Series A round, with exceptional teams, clear evidence of traction, a defined product-market fit, and a clear use of funds.


Engagement & Process

What does your process look like?

Rounds ideally close within 3–6 months from kick-off, depending on round size, market conditions, and your traction.


When should I get in touch with 48cap about a fundraise?

Ideally, you reach out as early as possible, about 9 months before you want to close the round (i.e. when you need the money).


What do you expect from us during the process?

We expect transparency, responsiveness, and full access to your key materials, metrics, and decision-makers. Fundraising is a team effort.


Fees & Terms

How do you get compensated?

We work on a success-based fee which is a percentage of the capital raised. We may also consider an equity component (warrant) as a long-term incentive.


Do you take a retainer?

No. We do not believe that model aligns interests.


What happens if we raise from our own network?

We exclude pre-defined existing investor relationships but may still take a reduced fee for investors not introduced by us.


On the right a list of frequently asked questions about corporate venturing. >

Do you have an additional question? Feel free to reach out to us!


General Approach & Value

What exactly do you help corporate venturing units achieve?

We help you design, optimize, and execute corporate venturing strategies—whether through direct investments, venture client relationships, incubators, accelerators, or partnerships—to drive both strategic impact and financial returns.


How do you ensure our corporate venturing activities align with our overall corporate strategy?

We start by mapping your corporate priorities and strategic gaps, then tailor your venturing thesis, governance, and operating model to fit seamlessly into your broader innovation and growth agenda.


How do you measure the success of a corporate venturing program?

We use a balanced scorecard of KPIs—financial returns (IRR, cash-on-cash multiples), strategic fit (capability building, market access), and organizational impact (talent development, culture change).


Scope & Engagement

What types of companies do you typically advise?

We work with corporates across industries—especially those with innovation mandates and CVC units managing from €50M to €1B+ AUM—as well as strategy and innovation teams launching venturing initiatives for the first time.


Do you provide end-to-end support or just targeted advice?

Both. We offer end-to-end advisory (strategy design, operational setup, deal sourcing, portfolio management, exit planning) or targeted interventions (health checks, pipeline acceleration, capability building, full or partial portfolio exits).


Can you help us set up a CVC fund from scratch?

Yes—we help design fund structures, governance frameworks, investment theses, legal and tax considerations, and internal capability development.


Governance & Operations

What’s your approach to CVC governance and decision-making processes?

We help you design governance models that balance agility and accountability—defining clear investment committees, delegation of authority, and alignment mechanisms between the corporate mothership and the venturing team.


How do you deal with potential conflicts between strategic and financial goals?

We work with you to clarify prioritization upfront and set clear criteria for evaluating opportunities, avoiding “strategy drift,” and ensuring transparency with internal stakeholders.


How do you ensure that the venturing team and business units collaborate effectively?

We set up structured interfaces—like venture liaisons, co-development playbooks, and incentive models—to connect venture activities with business unit priorities.


Sourcing & Portfolio Management

Can you help us build a strong deal flow pipeline?

Yes—we leverage proprietary networks, curated scouting partners, and active ecosystem engagement to surface quality startups that fit your thesis.


Do you support post-investment value creation?

Absolutely. We help integrate ventures into your ecosystem, drive commercial pilots, manage board representation, and prepare for eventual exits.


How do you approach portfolio reviews and rebalancing?

We assess strategic fit, performance, and risk exposure to recommend re-investment, divestment, or repositioning strategies.


Capability Building & Culture

Can you train our teams to think and act more entrepreneurially?

Yes—we run customized capability-building programs covering venturing strategy, deal execution, governance, and startup collaboration best practices.


How do you help overcome internal resistance to venturing activities?

We facilitate stakeholder alignment workshops, design incentive systems, and create communication strategies to build internal buy-in.


Results & References

What evidence do you have that your approach works?

We’re happy to share anonymized case studies and references showing how we’ve helped corporates achieve measurable strategic and financial outcomes from venturing.


What makes your services different from other consultancies?

We combine hands-on operational experience as investors and founders with deep strategy expertise. We don’t just design playbooks—we help you execute them.