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Venture Capital Refreshed
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Portfolio testimonial
CEO Povl Verder
“For SIME Clinical AI, Consilience Ventures presented a very different option for us as an investor. The experts in their
network have really provided high-calibre work on various elements of the business - in particular, their Sprint Finance
Roadmaps are an innovative approach to helping us achieve our plans for 2020 and beyond.”
Brian James, CEO says:
“We’re delighted to have partnered with Consilience Ventures on a Sprint Finance-based investment and look forward to
working with their Global Expert Network to support our ambitious plans for growth in 2020.”
Introducing Consilience Ventures
Consilience Ventures was founded to intelligently accelerate growth for
deep-tech startups by aligning stakeholder incentives, developing smart
technology, and building community.
We are a platform of vetted startups, skilled professional investors, and expert service providers, such as
exited entrepreneurs, accountants, lawyers, business developers and technical specialists.
We are creating a new way of investing in and accelerating startups – more incrementally, with less risk,
more profitably, with greater liquidity, and at a lower cost to Founders, investors and Experts.
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CV is something new
A more cost-effective way to access startup investing,
with a host of new and innovative features;
An ecosystem where the benefits and returns of startups, investors,
and experts are aligned;
A network where members collaborate to create knowledge and share
expertise;
An investment vehicle which focuses on deep-tech companies solving the planet’s biggest
challenges;
A technology platform which is gathering data which will enable us to develop new insights into
startup health and growth;
A digital asset (the Consilience Ventures Digital Share (CVDS)) which enables the exchange of value between our
members, providing potential liquidity to investors and diversifying sweat equity risk for experts.
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What we're made of :
Our network
Sophisticated Investors
Our Investor base encompasses exited entrepreneurs, HNWIs, family offices, and business angels, united by belief in our vision of
aligned stakeholder incentives, smart technology, and collective intelligence.
Experts
Our Global Expert Network (GEN) is a crucial pillar of our ecosystem. Our members are of the highest calibre and recruited via our
invite-only selection process. We have formed a strong and diverse network that continues to grow - in size, expertise, global reach,
and impact.
Startup Founders and Teams
We invest in deep-tech startups that are solving some of the world’s most difficult and pressing issues. Startups (and the teams that
power them) go through a comprehensive evaluation and due diligence on the road to investment. This includes creating a Sprint
Financing Roadmap, which defines the critical activities which need to take place to fuel the next period of growth and progress.
Once the investment is made, GEN members will be matched with startups to work on specific sprint initiatives.
Corporate Partners
Our relationships with Corporate Partners mean improved access to clients, discounts on products and services, and a broadened
network, all of which can help other members along their journeys.
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What we're made of :
Our tools
Collaborative vetting and selection
Startups are selected by network
members – preselection takes place on
the platform, visible to all members.
A qualified assessment team is then
assembled from network members to
guide the startup through detailed due
diligence, planning, and deal negotiation.
Sprint Financing Roadmaps
Sprint Financing Roadmaps are created
with the startup management team,
identifying the areas of strategic growth
the business needs to succeed. Companies
are financed for the next sprint (typically 3-
6 months).
Once that sprint is complete and assessed,
the next sprint is planned in detail. This indepth
planning means our network is truly
“under the hood” with our startups and
able to design and deliver meaningful
interventions at the right time.
An ecosystem currency - CVDS
Consilience Ventures Digital Shares (CVDS)
are the unit of currency on the platform
and and represent the value of the shares
in the startup portfolio. A startup issues
shares in exchange for CVDS. Experts will
typically receive payment in CVDS for their
services.
Investors purchase CVDS from startups and
experts. CVDS represent the net income
and gains realised by Consilience Ventures
from the startup portfolio, on a pro-rata
basis, and can be sold without having to
wait for startups to have an exit event
(e.g.IPO). CVDS is the mechanism through
which we ensure aligned outcomes
amongst our stakeholders – via a platform
based on principles of trust, security and
consensus.
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What we’re made of :
Our tools
Business Intelligence
We are building an AI model which will
help us predict and avoid startup missteps
and pitfalls. Within three years, we hope to
be in a position to provide market-first
data regarding startup health.
Communication and sharing
capabilities:
In-house hosted platforms that enable
real-time conversation with peers,
discussions on deals, working with
startups, and collaboration. Added to that,
in-person and virtual events exploring
interesting ideas, delving into complicated
problems, and broadening networks.
Capital as a Service
Capital as a Service works hand in hand
with Sprint Financing. While Sprint
Financing delivers and supports a regular
rhythm to startup growth, there are always
opportunities and threats which cannot be
anticipated.
In these cases, Capital as a Service provides
the extra flexibility to give founders the
agility and ability to raise money when it’s
required – without losing focus on their
business goals.
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Just how does CVDS work?
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Startup A is referred by a
CV member
Startup goes through due-diligence & gap
analysis process.
Investment committee defines
the valuation and where CV
can help.
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Startup signs the term
sheet and issues shares to
CV.
CV creates a number of CVDS to match
the value of the shares transferred from
the startup. (Example: Startup issues
£100k worth of shares and receive £100k
worth of CVDS in exchange)
Startup uses to currency to buy:
• Expertise directly from
experts (GEN)
• Cash directly from investors
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Consilience Ventures For Startups
We believe that startup founders are looking for more than just a capital investment to be successful. The startups we work with see the value we add to their
businesses – with our processes, our tools, our approach to financing, and most importantly, with the access to our Global Expert Network, who work with our
startups overcome the big challenges they face to scaling.
Traditional VC deals:
Treat cash as the only type of investment
Consilience Ventures is:
The future of investment: How you invest your CVDS is up to you - Expertise
plus traditional investment create a powerful combination to drive growth
and progress in your business.
Deliver capital in one large tranche which has been estimated with a
high degree of uncertainty, both in terms of overall requirement for
cash, as well as expected outcomes for investment.
Waste time and diminish productivity: 40% of founders’ time can be
spent raising future finance
Discourage sharing pain points and failures, out of fear of being downvalued
Lack a tech-enabled network effect to support strategic growth
Flexible, throughout your lifecycle: We deliver capital on a per-sprint basis.
Each sprint has a set of defined outcomes and activities which are measured
at the end of the sprint; then the next sprint and required investment are
planned. Founders get less diluted and more empowered to take risks and
learn at lower cost.
Time-Saving & Productivity-Increasing: Our Sprint Financing model gets you
money when you need it and allows you to focus on building your business.
Consilience Ventures will partner with you through all your rounds of
fundraising.
A trusted team: We work closely with the leadership teams of startups to cocreate
solutions to the toughest issues.
Co-operative: Consilience Ventures prefers to invest alongside traditional
investors like VCs, business angels, and family offices and leverage advanced
technologies and methods to maximize network effects.
Capital
Capital
More about Sprint Financing
Capital raised Valuation Potential funding gap - sprint
financing considerably shortens
this, reducing risk
Waterfall fundraising
Sprint fundraising
Time
Time-consuming and
inaccurate fundraising
process:
•Takes 40% of CEO’s time
• Creates lots of uncertainty
•Arbitrary valuation
Optimisation of the fundraising
process:
•Shorter time to raise
•Execution and market driven
valuation
The traditional model of venture financing – waterfall or series
financing – is not always suitable for optimal startup development.
It can end up distracting founders from focusing on what should
be their core business, as they are forced to chase the next
tranche of investment, manage burn rates, and prepare for future
rounds.
Consilience Ventures has a more flexible financing approach,
enabled by CVDS’s liquid nature, which significantly lowers the
cost of financing and allows startups to capture value that is too
often lost in business today.
With sprint financing, startups raise smaller amounts on a more
frequent basis. The Consilience Ventures community evaluates
each startup at regular intervals to determine progress and
valuation. Every time a startup moves to raise investment, it is
further along its roadmap and able to benefit from an
incrementally higher valuation. This effect compounds over time
and ensures that startups can maximize the amount of capital
raised, while reducing the amount of equity offered in return.
Time
Investment thesis
• Fintech
Life science
• Energy
• Impact
• Cybersecurity
• IoT
Sectors
• AI / ML
• Quantum
• XR
• Blockchain
• Hardware
3 levels of diversification
Commitment size:
Seed companies: £50k-£100k in cash plus at
least £25k-£100k in services/expertise as
part of a larger seed round.
• Seed
• Series A
• Series B
• Series C
Tech Maturity
Series A, B and C:
£250k-£1m in direct investment plus at least
£25k-£100k in services/expertise as part of a
larger round.
Company Stage
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Startups enter via a referral, with acceptance based on votes from GEN members. For
successful applicants, we will provide feedback (including comments from industry
experts and a suggested company valuation), and then it is up to you whether you wish
to accept the network’s terms of acceleration/support.
Our selection methodology
The Right People
We look for a management team that contains diverse but complementary
skills, real business acumen, and an ability to translate strategy into
effective operations.
The Right Idea
We back innovative deep-tech businesses that solve big problems while demonstrating a high
degree of differentiation and a defendable competitive advantage.
What we look
for in every
startup
The Right Time
We invest at the sweet spot of growth; when the idea has moved past proof of concept and headed for market
validation or primed to scale.
The Right Potential
We seek out startups that can deliver significant returns for our investors – we’re not desperately seeking the next Unicorn
(though that would be great!) - rather, we are looking for startups that can grow consistently and deliver true returns.
The Right Values
We might not be for everyone – if our values don’t align, that’s ok. We work with companies that share our vision of what successful
acceleration can look like, and who recognise the value of what we bring to the table.
Current portfolio
Digital Clipboard is a fully
SIME DX is a platform company
Cerebreon is developing an
PK2M Ltd is an AI and
customisable and secure digital
committed to preventative,
innovative fintech software
Blockchain development
client onboarding solution for
personalised data-driven
product targeted at the UK
company building and
professional advisors. Their
medicine whose solutions
Insolvency sector bringing
maintaining Consilience
tablet-based app improves
provide precise insights to
machine intelligence to the
Ventures.
customer experience and
doctors in decisive moments,
insolvency sector, increasing
Sector: FinTech
eliminates admin for better
when rapid intervention can
efficiency, reducing default
client onboarding with less
save a life.
levels and improving net
effort.
Sector: BioTech
margins for all stakeholders.
Sector: FinTech
Sector: FinTech
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A few Investors
Several hundreds of millions of pounds exited and billions under management
Philippe Thomas
Entrepreneur & Investor
Pierre Feligioni
Entrepreneur &
Investor
Christophe Pechoux
Partner of
Maslo Capital
Partners & Investor
Guillaume Bouchard
Serial Entrepreneur & Investor
Thomas Balgheim
Business Angel &
Enterprise Tech Expert
Roger Ohan
Independent NED
of Hedge Funds
managed by Caxton
Associates
Stephen West
Founder & NED of
Gravis Capital
Nrinder Singh
Entrepreneur & London
Chair of Minerva Business
Angels @Warwick
Business School
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Kevin Monserrat is a Co-Founder of Consilience Ventures.
Formerly Head of Investor and European Ecosystem
Meet the team
development at Microsoft Scale Up, Kevin’s role at
Consilience is to drive the strategic growth of the business
Kevin Monserrat
investors
forward and work towards decentralised governance.
Pierre is a Co-Founder of Consilience Ventures. He was an
Radouane is a Co-Founder of Consilience Ventures. His
early enthusiast of blockchain and distributed ledger
background is in formal logic, software engineering and data
concepts, has deep interests in AI/ML, and likes disrupting
science and he is Nominated Chair of the ISO/TC69/WG12
the status quo. His favourite language is Elixir and he is a
work-group on Big Data, as well as Liaison Officer for the
champion of open-source methodologies. As CV’s architect,
ISO/JTC1/SC42 committee on AI. Radouane is currently
Pierre Martin
Technology
Pierre is responsible for coordinating all technical aspects of
the CV platform.
Radouane Oudrhiri
Data Science
overseeing our quantitative/economic modelling and data
science/AI solutions.
Paul Griffiths is a respected entrepreneur with particular
Martin is a Co-Founder of Consilience Ventures. With over 25
experience in strong cryptocurrency and blockchain. With
years experience, Martin is widely recognised as a leading fund
other specialities including fund raising (VC/PE, Bank, IPO,
management and financial services regulatory lawyer. Martin is
ICO), Peer to Peer, compliance and UK corporate
responsible for all regulatory, compliance and legal matters,
governance, Paul is closely involved in current high-value
including structuring the Consilience Ventures Platform, token
Paul Griffiths
Finance &
Operations
negotiations with the EC and others to help define the
complex and ambitious operational framework CV aspires to.
Martin Cornish
Legal
sales, community rights and duties and constitutional matters.
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For more information please contact Sankalp
Sankalp Parupalli
sankalp@consilienceventures.com
For the latest news and developments, visit
Paul Griffiths
Finance &
Operations
Consilience Ventures
@ConsilienceV
www.consilienceventures.com