At Lemma Capital, great companies get funded.
About
At Lemma Capital, we make VC investments in private companies on their way to becoming big, profitable, and liquid. We're looking for "compounders" before they get public or acquired. We're founder-friendly, with flexible terms, but careful about picking sound business models and planning for liquidity.
You can:
- Raise investments from Lemma Capital.
- Free up liquidity by selling shares to us.
Portfolio
TBA soon.
Investment criteria
- Founding team – verified expertise, critical roles filled, and full commitment to the business. Seeking ambition and a clear vision combined with an outstanding execution track record. First-time or underrepresented founders are welcome.
- Geography – Latam, North America, and Europe. But always keen to learn more about other geographies to expand our knowledge domain.
- Vertical – any, but seeking to understand the market, the product, and the competitive advantage in simple terms. Strong preference towards undersupplied yet fundamentally more attractive (cheaper, cozier, better) mass-market products. Ideal supply structure – no apparent leader; demand structure – many wealthy customers competing for limited supply; cost structure – allows for stable positive margins.
- Stage – Seed (startup), Series A-B-C (scaleup, growth). Overall profitability is not immediately required but should be executable in 1-3 years. Special situations are welcome.
- Tickets – $300k-3M per transaction. Capable of leading rounds of $300k-6M, taking 50-100% of the allocation. Happy to follow an existing lead investor.
- Instruments – equity or convertibles, minority stakes. Secondary deals are welcome.
- Valuation – future payoff discounted at IRR >50% (adjusted for dilution). Targeting >10% fully diluted ownership in case we lead the deal (or any, if we follow).
How we add value
- First, we maintain a network of connections with institutional VCs, PEs, and capital providers. It is at your service if you’re seeking to raise subsequent financing rounds.