We invest US$150,000 in your startup; no more, no less. This should help you to launch the first version of your product and to test your initial hypothesis about the market before (potentially) raising more funding to grow the business. Due to the structure of our fund, our legal fees will be paid by the company after close of the investment, but are capped at US$4,000.
We understand the value of letting you get back to the important task of building your company as soon as possible, which is why our target is to get the funds on your bank account within 15 working days of you contacting us. We expect to be able to hit this target when the company is already incorporated with a standard structure.
We are investing in preferred shares of your company at a post-money valuation of US$1M, using our term sheet based on the standard Seedsummit documents. If you do not already have one, we will create an employee stock option plan (ESOP) of at least 5% prior to our investment. Kima Ventures will own 15% of the shares after the investment is completed.
Our application forms will be closed from the 19th of December to the 11th of January due to public holidays. Please come back to us in January, thank you.
Kima15 Service Level Agreement (SLA)
We are Kima Ventures launching Kima15, a new standard offer making it faster and easier for technology startups to raise seed funding. We...
are actively investing and intend to make at least 50 new investments in the next 12 months using the fixed Kima15 offer and will continue to make other early-stage investments via Kima Ventures with more flexible terms (higher or lower valuations) to average two new investments per week (100 every 12 months). We do not have outside investors and only invest the money of the two partners.
commit to having multiple members of our team review every single application and give equal consideration to each company that takes the time to contact us via the AngelList application. We believe great companies can start anywhere and so are looking to invest in startups anywhere in the world. We mainly consider projects in the internet industry at large, as well as mobile, video games, software and telecom applications. We are not investing in cleantech, medtech or biotech companies. The startups that we have invested in tend to have multiple founders who come from technical backgrounds.
will give you a quick yes or no answer (no 'maybes'). Our target is to respond to you with a decision within 5 working days of submitting your company via AngelList. If interested, we may ask you a few more questions and/or set up a quick call to hear more and aim to close the investment within 15 working days of you contacting us. We expect to be able to hit this target when the company is already incorporated with a standard structure.
will invest US$150,000 in your company for 15% of the shares as preferred "Seed Shares" using standard terms based on the Seedsummit documents. You can see the actual term sheet here. The post-money valuation will be US$1M and we will not negotiate any terms for Kima15, which allows us to close investments quickly. Due to the structure of our fund, our legal fees will be paid by the company after close of the investment, but are capped at US$4,000.
if you do not already have one, will create an employee stock option plan (ESOP) of at least 5% prior to our investment to let you attract key hires.
invest in the founders and want those founders to stay with the company so founder shares will reverse vest over a three year period with a one year cliff, with standard good leaver/bad leaver provisions.
request the right to a board seat (2 founders, 1 investor) but we do not take the seat unless required to solve founder conflicts and have no intention to tell you how to run your company.
do not want to burden you with unnecessary reporting, we have the right to request certain reports when we need them but only expect a short weekly update on your plans, progress and problems (PPPs) with a few KPIs that we can track over time.
will encourage you to aim for break-even with our investment. We want you to be able to raise funding to scale the company but also be prepared for the extreme difficulties of raising larger funding rounds. We will not invest in future funding rounds of your company to avoid signalling issues.
are first and foremost a network of innovative companies around the world with over 200 companies in over 20 countries. Companies receiving funding through Kima15 will be full members of the Kima network and have access to all the resources connecting our founders including our founder chat room, Q&A platform, founder directory, benefits (such as significant credits for hosting services) and the yearly Kima Day event. We are constantly working on better ways to connect our network of founders.
have two partners, Jeremie Berrebi in Bnei Brak, Israel and Xavier Niel in Paris, France who are both serial entrepreneurs and available for strategic advice and to broker introductions from their large and international networks. We also have two Associates in Paris and in London to assist you in any way they can.
encourage you to reach out to any of our founders to get a good idea of how Kima has helped them to build their companies, their details can be found on AngelList or our website.