These are the ~ 115 VCs we’ve worked with so far

People often ask us ‘which other investors do you usually work with?’ or ‘when your companies go on to raise money from US investors, do you have a couple of preferred partners?’. In fact, just two days ago — I had already written 90% of this post — an LP asked me about our follow-on investors as we were walking over the Western Wall Plaza in Jerusalem, of all places (during a wonderful tour organized by our friends at Vintage IP). True story.

These are good questions to ask, since follow-on investors play a critical role in the fate of our portfolio companies. As a seed investor, our primary aspiration is to be the best possible partner in the early days of the journey. And while we do aspire to deliver value-add way beyond the seed stage, we know that different stages require different types of investors — firms with different fund sizes but also board members with different skills and experiences. A key area we try to help our portfolio companies with is, therefore, to attract the best possible Series A investors for the particular business.

With that in mind, I dug into the data from our four funds as well as the angel investments I did before Point Nine to create a list of all investors who invested in at least one of our portfolio companies:

Index (5)
Enern (4)
Insight (4)
RTA (4)
Runa (4)
Accel (3)
Acton (3)
Atomico (3)
Benchmark (3)
General Catalyst (3)
SaaStr (3)
DN (2)
GGV (2)
Kite (2)
Lakestar (2)
Lightspeed (2)
Luxor (2)
Matrix (2)
Rocket (2)
Salesforce Ventures (2)
Storm (2)
Tengelmann (2)
YC (2)
42cap
Access
Alven
Bessemer
Blumberg
Cap Horn
Cherry
Connect
CRV
DFJ
DN Capital
DST
Earlybird
EBRD
Emergence
EQT
Felicis
Fosun Kinzon
General Atlantic
Goldman Sachs
Greylock
Grotech
IDInvest
Intel Capital
Kima
Kinnevik
KPCB
Kreos
Localglobe
Mangrove
Market One
MCI
MHS
Munich Venture Partners
Naspers
NEA
Nokia Growth Partners
Northzone
Omers
Origin
Phenomen
Prime
Protos
Rally
Redpoint
Ribbit
RuNet
Sapphire
Scottish Equity Partners
Senovo
Sequoia
Serena
Smedvig
Sozo
SpeedInvest
Square Peg
Summit
Target Global
Trinity
Valar
Ventech
Version One
Vorwerk

(If the investor has invested in more than one Point Nine portfolio company, the number of companies is indicated in brackets.)

As you can see, there are a number of firms that have invested in two, three, or four Point Nine portfolio companies, and Index Ventures currently tops the list with five. What’s maybe more remarkable is just how long the ‘long tail’ is. In total, our portfolio companies have raised follow-on financing from almost 90 firms. To a certain extent, this is due to the geographic diversity of our portfolio, but it also shows how much choice founders have today.

Looking at co-investors, i.e. cases where we did our initial investment together with another investor, we get the following list:

RTA (7)
Creandum (4)
Fly (4)
Kima (4)
Alven (3)
Localglobe (3)
Piton (3)
500startups (2)
Accel (2)
Fathom (2)
Holtzbrinck Ventures (2)
Index (2)
La Famiglia (2)
Slack Fund (2)
Seedcamp (2)
Uncork (2)
Version One (2)
42cap
Balderton
Benchmark
Cowboy
Dawn
EBRD
EQT
General Catalyst
Greylock
IDinvest
Kerala
K-Fund
Kite
LaFamiglia
Lowercase
Matrix
MHS
Nokia Growth Partners
Notion
Peak
Rocket
Runa
Social Capital
Speedinvest
System.one
Target Global

Lastly, here are the investors who we’ve followed in at least one company, i.e. investors who invested in a company before us:

500startups (6)
Techstars (5)
YC (3)
Kima (2)
HTGF (2)
FJ Labs (2)
eFounders (2)
Balderton
Benchmark
Faber
Fathom
Holtzbrinck Ventures
Inventure
Kizoo
Lowercase
Nexus
Revel
Rocket
Seedcamp

We’ve included only institutional investors in this analysis, i.e. the many angel investors we’ve been fortunate to work together with aren’t included. The third list is therefore, not surprisingly, shorter, since we tend to be the first or amongst the first institutional investors in a startup