Mountside Ventures has introduced a new initiative aimed at bolstering emerging venture capital (VC) managers in Europe. The firm’s latest program aims to bridge the gap in the venture capital ecosystem by providing necessary support for new and upcoming VC firms. These firms, despite their smaller size, often outperform larger counterparts, offering enhanced returns and value to limited partners (LPs). Mountside Ventures acknowledges the challenges faced by these emerging managers and seeks to widen access to venture capital resources.
Historically, support mechanisms for emerging VC managers have been limited in scope and often expensive, with existing options largely resembling incubators rather than accelerators. While established programs provide some form of aid, many are constrained by regional focuses or high costs. The newly announced initiative is designed to be fully funded by corporate partners to eliminate financial barriers, offering free participation to selected managers, thus addressing a long-standing need in the industry.
Why Emerging VC Managers Matter?
Emerging VC managers play a critical role in the investment landscape, frequently topping performance charts within the venture capital asset class. They contribute significantly by offering speed and financial returns that often surpass those of well-established firms. Despite their importance, these managers confront numerous hurdles, particularly in terms of fundraising, which tends to be more complex and resource-intensive.
What Makes This Program Unique?
The Mountside Ventures accelerator program distinguishes itself by being the first structured initiative of its kind specifically targeting emerging managers in Europe. Unlike other programs, this initiative offers comprehensive support without cost, thanks to backing from corporate partners. The program includes mentoring sessions, LP introductions, and a series of workshops—all designed to provide the tools necessary for successful fundraising and growth.
Jonathan Hollis, Managing Partner at Mountside Ventures, emphasizes the challenges faced by emerging managers in Europe, noting the program’s commitment to supporting these investors.
“We’re here to work with the very best and to help them develop into equally strong fundraisers,”
he stated. This initiative is expected to serve as a catalyst for developing a new generation of fund managers in Europe.
Gregor von dem Knesebeck, Managing Partner at Blue Future Partners, also highlights the significance of the program.
“Emerging VC managers are paramount for a thriving European tech ecosystem,”
he remarked. This initiative, co-initiated by Blue Future Partners, underscores a dedication to fostering the next generation of venture capitalists.
The venture capital industry has been grappling with diversity challenges, as evidenced by data showing a significant underrepresentation of diverse teams. Despite the proven benefits of mixed management teams in generating higher revenues, the representation of women and other diverse groups remains low. This program also aims to address such disparities by leveling the playing field for underrepresented managers.
Mountside Ventures’ initiative signals a shift towards more inclusive and comprehensive support for emerging VC managers. By offering a fully-funded, accessible platform, the program is poised to facilitate better access to resources and networks, ultimately fostering a more diverse and dynamic investment landscape. As applications for the program open, this development holds potential benefits for the entire European venture capital ecosystem.
