Growing Portfolio Challenges and How Investory Helped Solve Them
HOWZAT is a Luxembourg-based early-stage venture capital fund that primarily invests into travel / transport, foodtech, edtech, proptech and marketplaces. Although globally focused, most investments are based in Europe. Over the past 16 years the fund has done investments in over 80 companies through three funds, with close to 60 still active in the portfolio. Overall, with follow-on investments, HOWZAT has done close to 500 transactions (initial investments and follow-ons).
The General Partners of the fund needed a better way to track and report transactions and performance. With a growing portfolio the fund started to have challenges with tracking and sharing investment information with its LPs and potential LP’s. Traditionally Excel reporting was sufficient to provide insights into the start-ups but with a growing number of companies, it became cumbersome to create and then also to read those reports. As lists became longer, graphical display was missing to provide better overviews. “We knew we had to consolidate a lot of different information in a place where we could structure, streamline and consolidate performance and ownership information”, says Sascha, one of the GP managers and a board member at Investory.
After the need for a portfolio management tool was recognized and a market review began, HOWZAT Partners was presented with an investment opportunity in Investory. Following careful due diligence, the team noticed that Investory presented the key elements required for a streamlined reporting: Fund dashboards, company dashboards, flexible information input as well as cap table management. In addition to just subscribing to a solution, HOWZAT Partners decided to invest into Investory in order to be close to its future development.
After substantial data migration and consolidation, HOWZAT Partners now has access to a central repository of start-up performance and cap table information which allows for easy reporting to LP’s and monitoring of the portfolio.
Investory.io is the home of startup – investor relations. Our SaaS platform allows structured and data-driven communication between investors and startups. We aim to revolutionize startup funding, leveraging data and artificial intelligence. For investors, we enable data-driven portfolio decision making, and deliver portfolio monitoring/reporting cost-effectiveness. For startups, we simplify investor reporting and enhance fundraising.
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