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Funding & Investors

This page is maintained by

Stephane Roux

TL;DR: Yes, fundraising is hard–it helps if you really like your investors.

We're lucky to have some amazing investors on board! You can find an overview of our funding and investors here:

Wonder Fundraising history

RoundDateAmount raisedLead investorOther investorsComment
πŸ’‘
Founding
June 2020
$30,000.00
Personal savings
Some skin in the game 😰 ...
🐣
Pre-Seed
July 2020
$1,200,000.00
BlueYard Capital
FriendsFamilyAngel Investors
Some initial Press coverage from tech.eu
πŸ₯
Seed
December 2020
$11,000,000.00
EQT Ventures
BlueYard Capital
Techcrunch article and a mention as one of the top 10 seed rounds in Europe 2020

Our Investors

Our main investors are EQT Ventures and BlueYard Capital - here are the two people we work with on a regular basis

Our experiences with fundraising

There are lots of rumours around fundraising, so we will share our experiences here (without claiming that they are generalizable).

  • Fundraising is super hard. Funds make far fewer investments than people think (each Partner will make a handful per year), so just because they like your team or your idea, doesn't mean they will invest. This means that even if you're successful, you will mostly hear rejections.
  • It's extremely distracting. First, it's time-consuming and it adds plenty of unpredictable high-priority meetings and tasks to your week. Second, it's high-stakes and therefore captures the attention of everyone in the founding team. This means it's very hard to make any progress while fundraising.
  • VCs are mostly nice and interesting people! We had conversations with plenty of smart, insightful and empathetic people. Many of them went out of their way to help us or to give us feedback (even a personalised rejection helps!). At the end of the day, they also want to invest, and they try their best to build conviction around an idea, product or team.

Here are two articles on fundraising that we found helpful:

Our investor relations

We treat our investors as partners and they have been incredibly helpful so far with advice on lots of topics (

🌻
How We Hire
,
πŸ³οΈβ€πŸŒˆ
Diversity & Inclusion
,
🦁
People Leadership Values
) as well as introductions. We try to meet on a monthly basis to discuss our progress and get help from them. Their mindset is "how can we help the team" and they are incredibly respectful of our judgment as founders and of our time (e.g. they proactively suggest cancelling update calls if they feel we are short of time).

Signing the term-sheet for our second round with Jenny from EQT
Signing the term-sheet for our second round with Jenny from EQT
Remote notarisation with BlueYard, EQT and Wonder
Remote notarisation with BlueYard, EQT and Wonder