Nextury Ventures invests in the Lithuanian Investment Platform Syndi.Fund

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Sau
07

Nextury Ventures invests in the Lithuanian Investment Platform Syndi.Fund

New opportunities are opening to Lithuanian small investors and Business Angels. From now on, it will be much easier for them to find promising startups using a new tool – platform Syndi.Fund.  I. Laursas, Chairman of the venture capital fund and investor, points out that this idea is aimed not only at curbing a particularly relevant problem of financing Business Angels in Lithuania, but also at introducing a new investment culture.

According to Ilja Laursas, the underdeveloped eco-system of Business Angels and small investors in Lithuania are probably the biggest barriers to innovation which weakens the competitiveness of the country as well. In Lithuania, it is much talked about the failure of the Business Angels early-stage investor system when very small sums of 5,000-20,000 are to be invested.

There are many positive changes in the investor eco-system. One of them is the development of Business Angels (LitBAN), as well as the increased activity of venture capital funds and the establishment of new funds and Syndi.fund in order to make a significant contribution to the development of eco-system possibilities.

“Paradoxically, the startup can easier attract not 10,000 but 1,000,000 euros.” There are hundreds of really promising high-tech companies in Lithuania that would like to get started, have great ideas and potential but face the issue of a “Small Cheque”. Hence, it is virtually impossible for a startup to receive the first 10,000 euros for funding because a venture capital fund business model is consistent only with advanced companies with the value of over 1,000,000 euros. If there are no hundreds of startups who will start their businesses with a “Small Cheque” investment, we will not come across a startup who would grow into the business worth tens of millions. Therefore, we are glad to have the opportunity not only to invest in the platform but also in all the startups currently existing on the platform, to whom we have already allocated a six-digit co-investment reserve”, emphasized I. Laursas.

The Lithuanian platform Syndi.Fund small investors to monitor promising technological projects and join a professional investor who assumes responsibility for selecting and evaluating the best startups and participating in their activities.

“We invest in this platform not only for the commercial gain. We see a very important social aspect. If this platform helped to bring private investors’ money and Lithuanian startups together, this would greatly help to speed up and revitalize the entire Lithuanian eco-system, as well as introduce the Business Angels funding culture which is already effective in Britain and America,” says I. Laursas.

Mindaugas Cidzikas, head of a startup, points out that the platform provides an opportunity to invest in startups along with a professional investor – a venture capital fund or Business Angels. “Leading” – main investor – works with a startup by participating in his business. Others can join as passive investors who can also actively contribute with their relations or experience in developing the startup business and speed up the value of a startup. “Platform is just as a notice-board where you can see detailed information about a startup and find out all the investment conditions. Within 1-2 days, interested investors will be provided with all the necessary information and the conditions for joining the leading investor. Investment can be made in different currencies. Crypto currency owners can contact by email on the website Syndi.Fund. They will be provided with all the necessary information and can individually discuss the investment opportunities. Currently, the platform presents the first projects of startups (Startup projects) and we collaborate with other promising startups who are looking for or have already found at least one experienced investor”, says M. Cidzikas.

The startup system resembles the new Lithuanian project Koinvest. “Co-investment, along with the private capital, is a much powerful tool than mere money-sourcing, as it has been so far in Lithuania,” says I. Laursas. The system of the presented platform is unique as the Business Angel’s investment protection has been resolved through a co-investment model in which Business Angels can join a professional investor under completely identical conditions.

Sau
06

Nextury Ventures invests in the Lithuanian Investment Platform Syndi.Fund

New opportunities are opening to Lithuanian small investors and Business Angels. From now on, it will be much easier for them to find promising startups using a new tool – platform Syndi.Fund.  I. Laursas, Chairman of the venture capital fund and investor, points out that this idea is aimed not only at curbing a particularly relevant problem of financing Business Angels in Lithuania, but also at introducing a new investment culture.

According to Ilja Laursas, the underdeveloped eco-system of Business Angels and small investors in Lithuania are probably the biggest barriers to innovation which weakens the competitiveness of the country as well. In Lithuania, it is much talked about the failure of the Business Angels early-stage investor system when very small sums of 5,000-20,000 are to be invested.

There are many positive changes in the investor eco-system. One of them is the development of Business Angels (LitBAN), as well as the increased activity of venture capital funds and the establishment of new funds and Syndi.fund in order to make a significant contribution to the development of eco-system possibilities.

“Paradoxically, the startup can easier attract not 10,000 but 1,000,000 euros.” There are hundreds of really promising high-tech companies in Lithuania that would like to get started, have great ideas and potential but face the issue of a “Small Cheque”. Hence, it is virtually impossible for a startup to receive the first 10,000 euros for funding because a venture capital fund business model is consistent only with advanced companies with the value of over 1,000,000 euros. If there are no hundreds of startups who will start their businesses with a “Small Cheque” investment, we will not come across a startup who would grow into the business worth tens of millions. Therefore, we are glad to have the opportunity not only to invest in the platform but also in all the startups currently existing on the platform, to whom we have already allocated a six-digit co-investment reserve”, emphasized I. Laursas.

The Lithuanian platform Syndi.Fund small investors to monitor promising technological projects and join a professional investor who assumes responsibility for selecting and evaluating the best startups and participating in their activities.

“We invest in this platform not only for the commercial gain. We see a very important social aspect. If this platform helped to bring private investors’ money and Lithuanian startups together, this would greatly help to speed up and revitalize the entire Lithuanian eco-system, as well as introduce the Business Angels funding culture which is already effective in Britain and America,” says I. Laursas.

Mindaugas Cidzikas, head of a startup, points out that the platform provides an opportunity to invest in startups along with a professional investor – a venture capital fund or Business Angels. “Leading” – main investor – works with a startup by participating in his business. Others can join as passive investors who can also actively contribute with their relations or experience in developing the startup business and speed up the value of a startup. “Platform is just as a notice-board where you can see detailed information about a startup and find out all the investment conditions. Within 1-2 days, interested investors will be provided with all the necessary information and the conditions for joining the leading investor. Investment can be made in different currencies. Crypto currency owners can contact by email on the website Syndi.Fund. They will be provided with all the necessary information and can individually discuss the investment opportunities. Currently, the platform presents the first projects of startups (Startup projects) and we collaborate with other promising startups who are looking for or have already found at least one experienced investor”, says M. Cidzikas.

The startup system resembles the new Lithuanian project Koinvest. “Co-investment, along with the private capital, is a much powerful tool than mere money-sourcing, as it has been so far in Lithuania,” says I. Laursas. The system of the presented platform is unique as the Business Angel’s investment protection has been resolved through a co-investment model in which Business Angels can join a professional investor under completely identical conditions.

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