Alchemist Europe is an initiative of the Alchemist Accelerator, the equity startup accelerator founded in Silicon Valley in 2012. Alchemist’s US backers include prominent venture capital funds -- Khosla Ventures, DFJ, USVP, Mayfield, Foundation -- and prominent enterprise leaders including BASF, Cisco, GE, Juniper, Salesforce, and Siemens. Alchemist’s European initiative is anchored by Next47, the global venture capital firm powered by Siemens AG.
Announced in late 2019, Alchemist Europe invests from a distinct Europe-based fund, still focused on great enterprise founders with global aspirations. Alchemist Europe extends Alchemist’s existing network of customers, partners, mentors, and investors to an even larger international footprint.
The next accelerator program begins December 3rd 2020. Applications are open until midnight CET on October 31st 2020.
In light of Covid-19, the program is being planned right now to be fully virtual — including Demo Days, Workshops, Mentoring Sessions, and other Events. You do not need to be physically in Munich or in the San Francisco Bay Area during the program. If guidance re: Covid-19 changes, we may re-enact in-person programming. However, for your planning purposes, we will not require any participants to be in Munich or in the San Francisco Bay Area. The programming will be designed to support remote participation.
Alchemist Europe customizes its investment amount to the needs and stage of each startup. Traditionally,Alchemist Acceleratorhas invested an amount of US$36.000 in their startups. There is an ask of single-digit common equity that will vary depending on the business. The average ask is 5.0% of equity, but we're willing to adjust the economics for later stage companies.
We look for the best technical enterprise founders with global aspirations regardless of industry, location, product or stage. Historically, Alchemist Accelerator has worked best with seed and early-stage founders.
The definition of an "enterprise startup" is based on where the revenue comes from. It's not based on the offering. "B2B" (e.g. Salesforce) and "B2B2C" (e.g. Square) both qualify. All business models (license, SaaS, Freemium) are welcome. If the major revenue source for the business is from enterprises or organizations -- be them large or SMBs - you qualify. You can sell direct or online (or a combination). Infrastructure, application, services, non-category-fitters
- all are welcome.
As of September 2019, over 300 companies have gone through an Alchemist Demo Day. 125 companies have received an institutional investment or a significant seed (a raise of $1 million or more, even if no institutions participated in the raise). $750M has been raised in total capital. 32 companies have been acquired including Cisco acquired Assemblage, Dropbox acquired Mobilespan, Otoy acquired AppSlingr, Box acquired Airpost, Cisco acquired Synata, Palo Alto Networks acquired CirroSecure, Zuora acquired Frontleaf, GE acquired wise.io, AppDirect acquired Xendo, Coupa Software acquired Deep Relevance, OutboundWorks acquired Hexa.ai, Workday acquired Stories.bi, S4 acquired MightyHive ($150M), Sophos acquired Avid Secure, Conveo acquired Tooso, Square acquired Eloquent Labs, and Invitae acquired Clear Genetics.
Many. Besides our backers (see above), some of the other institutions that have invested in our companies include: Alta, Andreessen Horowitz, Bessemer, Bowery Capital, Citrix, Data Collective, Draper Associates, Felicis Ventures, Founders Fund, Greylock, K9 Ventures, Menlo Ventures, Redpoint, Salesforce.com, Storm Ventures, Tugboat, True Ventures, and Voyager Capital. See here for a list of featured funds.
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