Returns

Seed stage funds

Both VNTRE seed funds are still running, with Seed Fund I having closed its investment activities mid 2014, while Seed Fund II having closed its investment activities in 2016. Neither fund therefore has already realised their full return. The performance of Seed Fund I can be tracked (estimated) based on the follow-on investments raised by the portfolio companies. The fund’s virtual performance (money multiple) is shown in the graph below.

 

VNTRE Seed Funds – money multiple

OCT17return

 

Methodology: 

- Investments are marked down by 10% to account for administrative costs of the funds invested in immediately upon investment, essentially starting the fund’s performance off at 0.9x money. 
- Investments are marked up in the month the company raises further funding based on the valuation of the respective round. 
- Returns are realised upon receipt of funds resulting from an exit.