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multiplecapital.com

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Investments

14

Portfolio Exits

7

Funds

1

About Multiple Capital

Multiple Capital's mission is to harvest and maximize the value of its portfolio funds such as its first fund, Lothian Partners 27 (sarl) Sicar portfolio (previously known as Innovatech du Grand Montreal), acquired by Coller Capital on March 18th 2005. This portfolio included back then participations in 92 leading high-technology companies in area like Advance Technology, Telecommunication, Information Technology and Life Science. Four years later, Multiple Capital has successfully divested in 50 invesments and still manages a total of 42 companies. Multiple Capital supports its portfolio companies by working closely with its management team and partners to ensure their growth and to maximize return on investment. Multiple Capital intends to use all its track record and expertise of the private venture capital business to raise additional funds and to take on additional mandates to manage venture capital portfolios in Canada.

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Latest Multiple Capital News

Fund of Funds Multiple Capital closes €20 million raise, officially welcome Michael Jackson as Venture Partner

Oct 29, 2021

dan@tech.eu Frankfurt-based fund of funds Multiple Capital has closed its €20 million raise for Multiple Fund II. The fund stands unique, as it was the first time outside investors were brought into the fold. As a fund of funds, the investment vehicle covers the entire width of the European early-stage startup ecosystem, with Multiple Capital sinking cash into more than 500 ventures via 30 micro VC funds across Europe and the US. Launched just under a decade ago, Multiple Capital’s funds have performed remarkably well. Placing capital commitments into 10 seed investors, the firm’s indirect investments include 1 decacorn, 10 unicorns, and over 50 other startups with a $100 million+ valuation. Founder and managing partner Ertan Can spun the company out from its former family office in 2018 and has since then placed commitments in 22 additional micro VC funds in Europe and the US with the fund’s second generation. “We started our journey in 2012 when there was literally no other fund of funds investor offering a similar product in the European market,” Can says. “Our thesis focused on building a diversified portfolio of promising micro venture capital investors in Europe. We looked at the economics and realized small funds with less than $100 million in fund size focusing exclusively on the seed stage market and holding portfolios of up to 30 ventures managed by highly incentivised small teams offer the best risk-return profile.” Now in its second iteration, Multiple Capital is adding to the firepower by bringing Paris-based investor Michael Jackson , officially, onboard as a venture partner. “European tech has undergone a meteoric rise in recent years,” comments Jackson, “which has greatly helped Europe’s venture capital industry develop into not only a viable asset class but one of the more attractive asset classes on the planet. Multiple Capital has been at the vanguard of that ascent by backing the best emerging managers that Europe has to offer, often when no one else would. I’m thrilled to be part of that, and to help Multiple remain the best performing fund of funds in Europe.” At present, Multiple Capital has placements in more than 30 VC funds and has an indirect portfolio of 700+ companies. “A unique feature of our fund of funds model is that it can scale outstandingly well. While a single venture capital fund can not scale easily from 20 million to 200 million in assets without losing the promising features of its operating model, our model can be scaled up to 250 million without affecting the core thesis. For institutional and corporate investors, we are able to create dedicated and vertical fund of funds which we can offer under a managed mandate,” concludes Can. Share this:

Multiple Capital Investments

14 Investments

Multiple Capital has made 14 investments. Their latest investment was in Wavesat as part of their Unattributed on February 2, 2009.

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Multiple Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/3/2009

Unattributed

Wavesat

$9.6M

Yes

1

11/30/2004

Growth Equity - II

TORR Canada

$2.51M

No

1

4/22/2004

Seed

Terrascale

$2.05M

Yes

1

1/8/2004

Growth Equity

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$99M

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10

12/31/2003

Series A

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$99M

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10

Date

2/3/2009

11/30/2004

4/22/2004

1/8/2004

12/31/2003

Round

Unattributed

Growth Equity - II

Seed

Growth Equity

Series A

Company

Wavesat

TORR Canada

Terrascale

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Amount

$9.6M

$2.51M

$2.05M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

1

10

10

Multiple Capital Portfolio Exits

7 Portfolio Exits

Multiple Capital has 7 portfolio exits. Their latest portfolio exit was Wavesat on February 18, 2011.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/18/2011

Acquired

$99M

2/28/2008

Asset Sale

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$99M

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0

9/14/2006

IPO

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$99M

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0

9/4/2006

Acquired

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$99M

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0

9/19/2005

Acquired

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$99M

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0

Date

2/18/2011

2/28/2008

9/14/2006

9/4/2006

9/19/2005

Exit

Acquired

Asset Sale

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

0

0

0

0

Multiple Capital Fund History

1 Fund History

Multiple Capital has 1 fund, including Multiple Capital Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/29/2021

Multiple Capital Fund II

$22.58M

2

Closing Date

10/29/2021

Fund

Multiple Capital Fund II

Fund Type

Status

Amount

$22.58M

Sources

2

Multiple Capital Team

2 Team Members

Multiple Capital has 2 team members, including current President, Hubert Manseau.

Name

Work History

Title

Status

Hubert Manseau

President

Current

Johanne Lemire

Chief Financial Officer

Former

Name

Hubert Manseau

Johanne Lemire

Work History

Title

President

Chief Financial Officer

Status

Current

Former

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