Robin Haak launches Robin Capital, the newest fund to hitch the Solo GP development in Europe

When you have been a Solo Enterprise Capitalist — or Solo GP as they’ve come to be identified — in the course of the 2020-2021 growth, you may be in bother now, particularly as valuations from that period have usually tanked. Nevertheless, whereas the Solo GP mannequin has been round within the US for some years, this mannequin of VC has arrived late sufficient in Europe for it to change into a extra viable approach ahead for a lot of European startups who’re discovering thin-pickings from multi-partnered VC funds on this bear-ish market.

Benefiting from this development, as an example, is Hypernova, a $25 million fund of funds that launched final yr aiming at funding Solo GPs in Europe.

The development is palpable.

Underline Ventures launched in Romania final yr, with the well-known ecosystem participant Bogdan Iordache on the helm. Within the US final yr, Nichole Wischoff’s Solo GP agency Wischoff Ventures closed a second fund of $20 million. This yr in Asia, AngelList alum Wing Vasiksiri reached an AUM of $14 million, as an example.

The most recent to hitch the Solo GP occasion in Europe is log-time tech scene participant Robin Haak.

He’s launching Robin Capital, which, he says, has now reached a primary shut of €3 million and is aiming for a €10-20 Euro closing shut. It should take part in angel, pre-seed, and seed funding rounds.

The previous founding father of Jobspotting (acquired by SmartRecruiters Inc. out of San Francisco in 2017) was a first-check investor in N26 and has achieved over 20 different investments, together with Frontify, Algolia, and Aircall. Haak was additionally beforehand a Common Companion with Revaia Progress One.

Robin Capital’s present portfolio consists of inaugural investments in Beam, Kombo, and M2.

Haak informed me he has a “community of a whole bunch of operators who’re sourcing and servicing. I even have a value-add Restricted Companion base that includes Fabrice Grinda (an early investor in Alibaba), Julian Blessin (Co-Founding father of TIER Mobility) and Jerome Ternynck (Founder and CEO of SmartRecruiters).”

Haak describes his fund as having a “concentrate on excellent entrepreneurs, software program subscription companies, primarily in Europe, Israel, and the US”. Will probably be vertical-agnostic, and primarily Pre-Seed to Seed.

“Our funding technique spans Europe, the US, and Israel, knowledgeable by my direct involvement in these areas,” he informed me by way of e mail.

“I’ve helped construct corporations like SmartRecruiters within the US, Revaia in France, Jobspotting in Germany, Axel Springer in Israel, and Slush within the Nordics. As we’re based mostly in Berlin, it’s anticipated that the DACH area will proceed to be a strong basis for us,” he added.

Solo GPs, in the event that they timed their fund-raise proper, can get fairly large.

Final yr, Streamlined Ventures, led by Ullas Naik, secured $140 million in new capital commitments for its two latest funds, bringing the overall funds managed to eight with the property below administration reaching about $325 million.