3 years ago

D2 Closes Fund I at Over €18 Million to Support Founder-Friendly VC

  • London-based venture capital firm D2 has closed its Fund I at over €18 million

  • The firm aims to create the most founder-aligned venture capital fund in the world, offering startups terms that get cheaper for them the more efficient they end up being in their business

  • D2 invests between £200k and £1M in early-stage startups across Europe, focusing on real businesses with positive unit economics from inception

  • Investors in the fund include Shell Ventures, Mountain Labs, Bland Group, and a series of exited founders and VCs.

      • ProblemTechnology

      "Traditional venture capital models often force startups to pursue a high-growth, unicorn-focused path, limiting founder optionality and rewarding inefficient scaling. This can lead to founders losing control of their businesses and being unable to adapt to changing market conditions."

      Solution

      "D2 offers a founder-aligned venture capital fund that provides more flexible and cheaper investment terms, rewarding efficient growth and giving founders more control over their businesses. They offer a HERO note that can convert into equity or revenue share, depending on the startup's growth direction, and can be up to 75% cheaper than a traditional equity round. They also provide non-dilutive capital to help founders fund repeatable elements of their business without selling equity."

      Covered on