Meet AlpahaQ — They Are on their way to becoming a One Billion Euros Fund of VC Funds
Executive Summary
AlphaQ is a new fund of VC funds, headquartered in Berlin. They are not only raising money to invest in VC funds, but they also swap shares in existing VC funds for shares in their Fund of Funds. In our interview Stephan, the founding partner also elaborates on their investment strategy.
Note on the video: Sorry for the low resolution in the video, we experienced technical difficulties with our recording tool.
Over the last years venture capital has outperformed most other investment classes, but now we see a correction in valuations.
Stephan Heller, Founding Partner AlphaQ
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The goal of one billion is only the minimum size for us to list. Our earliest listing window is in 2026.
Stephan Heller, Founding Partner AlphaQ
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The Video Interview is set to go live on Thursday, June 16th, 2022
The Audio Interview
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The Founder
Stephan Heller (https://www.linkedin.com/in/sjfheller/) is a seasoned entrepreneur who studied at University of Vienna, LSE and ESCP Business School. He has experience as a strategy consultant at Roland Berger, investment analyst for a Private Equity fund and held several positions at Groupon in London during their “wild days,” and has been with Ignite: Intel for Startups. After his career as employee, he started out founding Watchmaster (https://www.watchmaster.com/en, https://www.crunchbase.com/organization/watchmaster) a platform for premium watches, which is still in business. He then founded FinCompare, a financing platform for SMEs, which is also still in business (https://fincompare.de/, https://www.crunchbase.com/organization/fincompare). FinCompare was bought by the cooperative banks in Germany, which was announce in December 2021for 15 m €. Watchmaster and FinCompare should ring a bell for all long-time listeners, they have been mentioned in our news before.
Additional Information
Another founding partner of Alpha Q is Oliver Oster, who has been a guest in our 2021 fintech review. Unfortunately, we could not talk about Alpha Q at this time. You can learn more about him here:
The VC fund of Funds
AlphaQ (https://www.aqvc.com/) is not a VC fund, but they are a fund of funds. This means that they are a fund, investing in other VC funds. Many funds of funds in Europe have been small so far. Alpha Q is here to change this. They are aiming to raise in total 1 bn Euros. They are not only raising cash, AlphaQ also offers existing investors in VC funds to swap shares in these VC funds for shares in their fund.
Currently, their investors invest 200.000–1 m Euros, which is normally too small to invest in VC funds, but the structure of AlphaQ makes this possible.
Their structure is as an investment company, which theoretically enables them to list the shares in the future on a stock exchange. Due to their structure, they could also take investments of 50–100 m Euros per ticket. Normally such tickets could not be accommodated for seed or early-stage VC funds.
They have already invested in White Start Capital (https://whitestarcapital.com/)
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The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
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