Golden Egg Check, an Amersfoort, The Netherlands-based analysis firm that keeps track of all startups, scale-ups and VC deals, raised €2.5m for its micro venture capital fund.
Investors contributing capital and knowledge to GEC Capital include Koejans Capital, 819 Capital Partners, Arjé Cahn (ex-Hippo), Geert-Jan Smits (ex-Flinders, author “The start-up scorecard”) and Investeringsfonds Groningen (IFG). Koejans Capital, 819 Capital Partners and IFG will serve on the Advisory Board to provide GEC Capital with further advice on portfolio management, M&A and strategy.
GEC Capital’s fund, GEC Capital I, aims to make a total of 30 to 35 investments in tech companies over three years. it leverages a co-investment model, in which participation in rounds is always made together with a specialized venture capitalist or with a group of relevant angel investors.
The fund, which launched in 2022, now has a portfolio of 14 startups, mostly Dutch software companies, including Propel, Valyuu, Quan, Orquesta and Roseman Labs. Before the summer, Golden Egg Check aims to close the vehicle at €5m.
Commenting on the raise, Gilles Meijer, founder of Golden Egg Check and partner at GEC Capital, said: “For years we have been known in the market as the organization that has great insight into startups as well as access to investors. This has helped us to do one new deal about every month. While many venture capitalists have taken a pass in the last two years, we saw an opportunity to invest right now.“
Other members of the team include Thomas Mensink, partner, and Ytsen van der Meer, venture partner.