Första Entreprenörsfonden does not exclude any specific fields of business. Instead, they have a strong focus on teams and the values, skills, and characteristics that drive them.
The fund was founded by Peter Werme and Rune Nordlander, who each have more than twenty years experience with finance and entrepreneurs in various sectors. The fund has a large deal flow and so far more than 900 entrepreneurs have been evaluated in accordance with their process.
The sums invested by Första Entreprenörsfonden vary depending on the company. Normally an investment doesn’t exceed $580000 during the first year. However, they want to make long-term investments and often seek to re-invest in their portfolio companies. They will often syndicate with select investors.
The evaluation process of the fund is divided into two consecutive steps that a company will have to pass before gaining funding. The company first have to live up to the criteria of Första Entreprenörsfonden. If the company is a match, the fund will make a deeper evaluation of the entrepreneurial team. These two steps form the basis of the investment.
Första Entreprenörsfonden is for tightly knit teams who are passionate about their project. The fund’s criteria for a strong entrepreneur-team includes unfailing endurance, demonstrated cost-control, a proven sales ability, and a demonstrated ability to get things done.
Their criteria regarding business opportunities include existing customers, a high level of innovation, platform concept and growth potential and scalability. They are strong believers in the importance of good teams and rarely invest in companies with only 1 or 2 people.
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