New Wave is a seed fund for European founders. Our ambition is to become a reference point, alongside the best venture capital investors out there. I remember an occasion in early summer 2016 when Pia, then an associate at Accel, wanted the firm to lead the Seed round of Payfit. At the time, the company was at 20k of monthly recurring revenue. Eventually, they ended up investing just nine months later, when the company had reached 100k of MRR, with Accel’s Philippe Botteri joining the board. But it already demonstrated her attraction for Seed rather than Series A deals.
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