Type | VC |
Website | riteventures.com |
To secure a deep level of knowledge and a large network of industrial experts, Rite maintains a limited scope for their investments. They mainly focus on startups within information and communication technology. They primarily support companies in the growth-stage, aiming for a full or part exit within 3-6 years.
The fund was founded in 2007 as a privately owned investment firm supporting growth companies in Sweden and Finland. They invest their own money with the goal of dealing on the same level as the entrepreneurs. Their team is experienced with financial reporting, organizational processes, recruitment of senior management, risk management, financing, and preparations for a future exit.
Their equity investments typically range between €2-5 million. However, they have the flexibility to make investments of smaller or larger amounts. It is not uncommon for Rite to increase their investments over time. Apart from capital, Rite will support through board representation. They do not seek to take part in the daily operation of their portfolio companies.
You apply for funding, by sending Rite a brief summary of your project in the form of a Power Point presentation, a Word document or a teaser. Their team will then discuss the business opportunity internally. If the fund finds your project interesting, you will be invited for a more thorough interview.
The fund is looking for entrepreneurs with proven business models within the ICT sector. They have a lot of confidence in the entrepreneurs they deal with. They seek talented entrepreneurs with both the energy and strategic discipline to build fast-growing companies.
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