Stoaf Start I
In 2008 we started Stockholm Business Angels first fund we called it Start I. We decided that the local area provided enough with venture referrals and activity so we limited our geographic area to Stockholm vicinity; reachable by car within two hours. We started to look into projects that allow for low search and transaction costs for when our partners start actively investing their expertise. Quickly we saw ventures seeking investment to be assessed in depth by one or more of our Competence Partners and even minor expertise needs in our investments have our financial expertise be applied. We decided to add more partners and ended up being 15 active Competence partners to source, filtrate and diligent reporting. We closed Start I in Spring of 2014; by then we invested in 13 companies. One 4x exit and 3 folded companies. We are currently working closely with the active portfolio to source costumers, analyse sales strategies and assist in building the companies to a health exit.
START I Portfolio
Versasec is the leading provider of state-of-the-art, highly secure identity and access management solutions. With its flagship product, vSEC:CMS, Versasec eases the deployment of physical and virtual smart cards for enterprises of any size. Versasec’s solutions enable its customers to securely authenticate, issue and manage user credentials more cost effectively than other solutions on the market.