Silicon Valley brought to Europe

Bridging experience from Silicon Valley with innovative technologies from Europe

What is LABACA Venture Capital:

Venture capital fund to raise capital for Early Stage Technology Startups in Riga, Latvia and Sunnyvale, California;
Management company of LABACA Venture Capital Fund;
Combined team of experienced venture capitalists from Silicon Valley and industry professionals from Latvia;
Network of industry contacts in Silicon Valley for development, strategic partnership and exits;
Bridge between Silicon Valley and Northern Europe;
Funding source for LABACA Accelerator companies;

We Believe:

Entrepreneurial spirit and disruptive services are progress drivers;
Companies in Europe have the same opportunity to become next Facebooks and Twitters as those based in Silicon Valley
Close collaboration between teams and resource sharing are most effective way to succeed;
Products and services born in Europe can be competitive and disruptive worldwide;

We Seek:

Strong, ambitious teams;
Disruptive products and services for global markets;
Talented and educated core team members;
Positive attitude to work and interest to participate in the LABACA Community;
Obsession about your product balanced with experience in industry;

We Expect:

For LABACA Venture Capital fund and Accelerator companies:

Targeted Revenue By Year 5: EUR 1,000,000 – EUR 5,000,000
Targeted Returns: 5x Investment – 10x Investment
Targeted Years to Exit: 3 – 8 Years
Targeted Years to Break Even: 1 Year – 3 Years

The Focus

LABACA Venture Capital fund invests in these verticals:

Internet / Web Services
IT Services
Internet security
Social networks and services
Software
IT Business Products and Services
Media and Entertainment software and services
Mobile apps
Gaming apps

Be ready

If you will be approved for LABACA Accelerator or receive venture capital from LABACA Venture Capital fund, be ready:

To give 5-40% of your company equity;
To permanently move into working space in LABACA Accelerator in Riga, Latvia. We love to see our team members every day, so we could help you better;
To move or establish legal company in Latvia;
To move your international team with core members to Riga, Latvia. We help you with accommodation;
To utilize centralized LABACA Accelerator bookkeeping, accounting, marketing, legal, transportation and hosting services

Offer

We investing in following stages:

Preseed stage: Up to 50 kEUR and 10 kEUR community currency no-interest loan from LABACA community.
Seed stage: Up to 200 kEUR and 20 kEUR community currency no-interest loan from LABACA community.
Startup stage: Up to 1500 kEUR and 50 kEUR community currency no-interest loan from LABACA community.

For qualified companies LABACA Venture Capital fund and Accelerator offer:

Smart Money, support. help, nurturing and gateway to global expansion;
Furnitured private working space starting from 20m2furnitured private working space in heart of the technology of Nordic county Riga, Latvia