Chalmers Innovation Seed and Affiliate Funds

Timo LehesInvestment Manager & CEO

Chalmers Innovation

Chalmers Innovation Seed FundInvestment focus

• Focus on Chalmers Innovation companies

• External deal flow - other incubators, industry and other entreprenuerial and financial networks

Deal flow

Sector

Geography

Technology generalist

Mainly Western Sweden

• ICT• New Materials• Med-tech• Clean tech

Chalmers Innovation Seed FundInvestment Strategy

Fund data

Stage

Management

• Pre-Seed 300 – 500 KSEK Incubator screens and picks

• Seed 750 – 5000 KSEK IMs & Investment Committee

• 170 MSEK Fund

• 10 year fund, started Q3 2008

• Investors are Chalmers, CI, AP6, LF, EIF, Angel Fund

Chalmers Innovation Seed FundPortfolio

ResearchBased

companies

Regularstartups

Analysis Phase Bus Model Verification Scaling

Chalmers Innovation Seed FundInnovative Investor

Angel Fund

Silicon Valleybridge

Summer & Winter Camp

• 90 day program for Internet SW & Mobile startups

• Meeting place for serial entrepreneurs and startups

• Focus on Lean Startup – Build, Measure & Learn

• Established network of Key people & Angels in Silicon valley

• Assist with access to ecosystem, flip, funding & exits

• Cross Atlantic fund for Nordic startups on drawing board

• 110 Individuals so far – smart money, Chalmers Alumni

• We provide early view of deal flow for co-investments

• Provides a great mentor network for portfolio companies

Thank You

timo.lehes@chalmersinnvation.comTwitter: @timolehes

Chalmers Innovation

• Started operations in 1999, pre-seed investments since 2001

• 100+ companies started since inception

– Revenue 2010 – 415 MSEK– Employees – 415– Acc. funds raised – 1 370 MSEK

• Owns and operate Stena Center providing housing and infrastructure and a vibrant environment for high tech start-ups

• Success cases:- Oxeon- Vehco- System OK (Sold to Sonic)- Illuminate Labs (Sold to Autodesk)