Thema, a London-based company, secures €5.8 million in funding to help novice fund managers launch their own venture capital companies.
Thema is positioned to serve as a driving force behind the subsequent generation of emerging managers by offering them a comprehensive package of support and resources to initiate venture capital strategies.
In addition to writing initial tickets up to €5.8 million, Thema will provide operational and regulatory support, office space, and carefully selected LP insights in its role as a strategic cornerstone limited partner. For the next three years, Thema intends to contribute to four funds a year.
By delivering its lower startup costs and operational package to a larger market, Thema seeks to address these issues. According to Thema’s examination of similar market offerings, this approach reduces first-year expenditures by 41% on average. The strategy is to improve meritocracy in venture capital.
Sam Ettelaie, Co-founder and Partner at Thema, commented: “At Thema, we empower talented individuals to launch their VC entity. We’re making the process of raising a fund fairer, so those with the best idea can make them a reality. One of the key reasons for setting up Thema was to address the barriers to entry associated with setting up a VC entity, including diversity and socioeconomic factors, while maintaining a transparent and level playing field. Beyond providing financial backing as an LP, our team is focused on sharing expertise and offering support to all our partners. We are excited to help our partners in the early stages of their growth journey bringing visionary strategies to life.”
George Askew, Co-founder and Partner at Thema, added: “Having been an emerging manager, I witnessed first hand the operational complexity of running a fund, and how much time this draws from investment activity. A platform and programme like Thema didn’t exist, so we’ve built it. Whilst Family Offices have increased their exposure to Venture as an asset class in the last ten years, there is still a long way to go in understanding the opportunity and benefits with emerging managers.”
Thema understands that GP involvement and the cost involved with raising a fund are a big financial barrier to entry, particularly with family office investors wanting for a significant % of money to be put up by GPs as to show alignment (‘skin in the game’).
Thema offers emerging managers a comprehensive bundle that facilitates the launch of venture capital initiatives.
Thema serves as a strategic cornerstone limited partner, providing office space, operational and regulatory support, selected LP insights, and writing first tickets up to £5 million. Thema intends to commit to four funds a year over the following three years.