.Cocoon Ventures, investment group founded by Aleksander Tõnnisson, Rein Lemberpuu and Rain Kivisik, is looking for founders interested in self-hacking and are looking at entrepreneurship as a way for self-development.
.Cocoon Ventures is the next step in the evolution of .Contriber Ventures, one of the most active angel investors in the Baltics with over 30 investments in the past 5 years to startups like Xolo, Click and Grow and Interactio. The change in the investment strategy came from the growth the investment group has seen the founders go through in .Cocoon mentoring program.
The investment decision is made on normal investment criteria, but one of .Cocoon entry level experience is required – .Cocoon Assessments, .Cocoon Event or Mentoring Group. When the startup gets an investment, its founder(s) is/are accepted to the 1-year .Cocoon Program.
“.Cocoon Ventures invests exclusively in startup teams participating in the .Cocoon Program,” said one of the founding partners, Aleksander Tõnnisson. “We invest in the post-revenue and also pre-revenue startup teams working towards series A, the stage where we see the most benefit from our full 12-month tailored or core team mentoring program.” The founders can be from all over the world.
The ticket size is 25,000 – 100,000 depending on the startup’s stage and the best suitable mentoring program plan. Part of the investment comes in the form of cash, and the other part covers the program costs. “Such an investment strategy allows the teams to participate in the full program tailored to their needs without shortening their runway. As an added bonus, we feel it creates a stronger alignment of interest between us and the startup founders,” said Aleksander Tõnnisson.
Startup founders who are looking for investment opportunities and are interested in self-development can apply on the .Cocoon website.