Robin Haak Introduces Robin Capital, the Newest Addition to Europe's Solo GP Wave
Robin Haak Joins Europe's Solo GP Trend with the Launch of Robin Capital
chandni
In the wake of the challenging market conditions faced by Solo Venture Capitalists, also known as Solo GPs, in the aftermath of the 2020-2021 boom, a new trend is emerging in Europe. While the Solo GP model has been established in the US for some time, it is now gaining traction in Europe as startups seek alternative funding options amidst a bearish market and limited opportunities from multi-partnered VC funds.
One notable example of this trend is Hypernova, a $25 million fund of funds that emerged last year with a focus on supporting Solo GPs in Europe.
This growing movement is becoming increasingly evident, with the launch of Underline Ventures in Romania, led by renowned ecosystem player Bogdan Iordache, and the successful closure of a second $20 million fund by Nichole Wischoff's Solo GP firm, Wischoff Ventures, in the US. Additionally, Wing Vasiksiri, a former AngelList executive, achieved an impressive AUM of $14 million in Asia this year.
The latest entrant to the Solo GP landscape in Europe is Robin Haak, a seasoned figure in the tech scene. Haak is unveiling Robin Capital, which has already secured an initial close of €3 million and aims to reach a final close between €10 million and €20 million. The fund will actively participate in angel, pre-seed, and seed funding rounds.
Notably, Haak, the founder of Jobspotting (acquired by SmartRecruiters Inc. in 2017), has an impressive track record as a first-check investor in N26, along with more than 20 other successful investments in companies such as Frontify, Algolia, and Aircall. Haak's previous experience includes a role as a General Partner with Revaia Growth One.
