London, United Kingdom-based Pan-European focused VC fund investor, Thema publicly launched its venture fund platform. The company announced the launch on January 15, 2023. Thema has plans to act as a strategic cornerstone limited partner. It seeks to write first tickets of nearly EUR 5.8 million, operational and regulatory support, office space as well as curated LP insight.
Purpose of the fund by Thema
With its fund, the company has plans to support and provide capital to first-time fund managers to start their own venture capital businesses. Thema aims to support and enable emerging managers to launch venture capital strategies. It also enables them to provide an all-in-one package. The company further plans to make commitments to four funds annually for the next three years.
Thema targets fund managers with existing strong track records as venture capitalists, angel investors, ex-entrepreneurs and/or senior operators as well as community builders. It seeks to target these professionals from the United Kingdom and Europe looking to launch their own standalone VC fund as GPs for the first time.
What the co-founders of Thema have to comment
Sam Ettelaie, Co-founder and Partner at Thema said, “At Thema, we empower talented individuals to launch their VC entity. We’re making the process of raising a fund fairer, so those with the best ideas can make them a reality. One of the key reasons for setting up Thema was to address the barriers to entry associated with setting up a VC entity, including diversity and socioeconomic factors while maintaining a transparent and level playing field. Beyond providing financial backing as an LP, our team is focused on sharing expertise and offering support to all our partners. We are excited to help our partners in the early stages of their growth journey bringing visionary strategies to life.”
George Askew, Co-founder and Partner at Thema, further added, “Having been an emerging manager, I witnessed first-hand the operational complexity of running a fund, and how much time this draws from investment activity. A platform and programme like Thema didn’t exist, so we’ve built it. Whilst Family Offices have increased their exposure to Venture as an asset class in the last ten years, there is still a long way to go in understanding the opportunity and benefits with emerging managers.”
About the company
George Askew and Sam Ettelaie are the co-founders of the company. Thema understands the complexities involved when launching a venture capital fund (significant time commitment and upfront costs, including legal and operational expenses). It seeks to offer assistance to emerging fund managers in navigating the regulatory landscape, fund administration as well as capital. Additionally, Thema witnessed first-hand the lack of willingness from investors to be the first anchor investors. Thema further intends to act as a catalytic investor, being a first-cheque LP and using an innovative model to mitigate some of the barriers associated with the venture asset class.
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