Entries by Absolvo

Contentsquare / Hotjar acquired the UK-based tech company PingPong UX

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NEWS – Our Client PingPong UX Ltd., the UK based UX design startup, a fully-integrated platform for UX research and user testing, successfully closed its M&A deal with the global leader in digital experience intelligence and analytics Contentsquare. PingPong is joining forces with the Maltese-US giant Hotjar under the new branding “Hotjar Engage”. PingPong UX was advised by Absolvo Consulting in the transaction process with Contentsquare / Hotjar.

Continest successfully raised EUR 6.5M VC funding round

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NEWS – Our Client Continest Technologies, developing and manufacturing innovative, foldable modular containers has received a total of HUF 2.4 billion (~ 6.5M EUR) in a syndicated investment round with the participation of DBH, Focus Ventures and Hiventures to support its growth ambitions.
The current investment round is aimed to further boost Continest’s international business development and expansion, as well as to support the establishment of a new manufacturing unit to increase production capabilities.

Scaling internationally from CEE – first-hand experience from 500 Startups

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MEETUP – If you want to build a successful startup / scaleup, raise capital to support your ambitious growth, you need to think globally, enter international markets and face a bunch of tough challenges leaving CEE. We will proudly host Enis Hulli from the most active global early stage VC firm 500 Startups and take his personal advice based on his deep experience in supporting CEE/SEE startups entering the global playground. When is the right time? What are the main risks and challenges on scaling beyond CEE, incl. founder mindset, sales, marketing, hiring, organization, culture, etc.?

The realistic timeframe of scaling vs. VC investment horizon

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MEETUP – After fundraising, the growth expectations from VCs put a huge pressure on founders. They have to deliver profit, prepare for exit, close the fund; but what is the realistic timeframe of scaling, how does it fit into VC lifecycle, how do they handle the conflicts of time horizons?

The role of outbound approach in scaling – can you make it without?

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MEETUP – Cold contacting, outbound efforts – a lot of founders, sales managers literally hate them, because it’s seen slow, providing low conversion – or don’t work at all, just burn money, time and motivation. What is the “truth-rate” of these statements? Is there a choice at all: can you scale and deliver an impressive growth to (also) your VC investor w/o an outbound approach, considering that your CEE local market is probably too small?

Beyond early stage: Series B/C rounds, debt financing to support international scaling

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MEETUP – What you need to know about raising EUR 20-50M from international investors? Later stage investments, Series B/C rounds, debt financing – characteristics, rules, preparation, requirements and KPIs making these rounds highly different from any earlier stage investments – how to prepare successfully? What are the challenges to become “ready and go for it”? We will discover this topic with our international investor guests from Kreos Capital and OTB Ventures. 

Conversific successfully closed EUR 2M late seed VC funding round

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NEWS – Conversific, the Hungarian ecommerce analytics tool developer, ranking 1st among the analysis tools on Shopify, has just closed a late seed VC funding round of EUR 2M with Hungarian VC investors Hiventures and Bonitas. During the transaction Absolvo Consulting has been Conversific’s exlusive advisory partner.

German VC ecosystem and preparation for a Series A round

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MEETUP – In CEE with the heavily funded local VC funds, you can easily get seed investments with even less impressive results and “safe” ambitions. Raising a next round (esp. with an international investor) may be hard after such way of funding. How to prepare for a REAL Series A round, what steps to be taken to close a successful deal with international investors? Why is it more likely to get funding from local / CEE VCs than e.g. German ones? How they see the CEE startup ecosystem, how to build on our strengths and “reposition” ourselves?

Meetup with Speedinvest & MOC: Valuation, terms, VC activity in COVID times

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MEETUP – Lockdowns, supply chain issues, projects on-hold, strategy redesign, cost restructuring etc. – the majority of business players and startups are affected around the world, regardless which side of the table they sit. If you are building a startup / scaleup and you plan to raise a new VC round, you might have a plenty of questions: so what’s now? how? where from? what terms? Join us and raise your questions on 28 May at Equity Thursday online meetup directly to Jacek Lubinski (Market One Capital) and Alex Zhigarev (Speedinvest)!