Portfolio construction, exit strategies, co-investment opportunities and sector expertise for VC firms
SOLID ADVISE AG advises Venture Capital firms on portfolio construction, exit strategies, and co-investment opportunities. Our network spans Technology, AI, Fintech, HealthTech, CleanTech, and Web3. We have supported 35+ venture and growth-stage funds across Europe, the United States, and Asia.
Early-stage venture capital typically targets 18% to 26% net IRR over a 10-year fund life. Growth-stage investments generally aim for 20% to 28% net IRR. Our advised funds have achieved a portfolio MOIC (Multiple on Invested Capital) of 1.8x to 2.5x at the top-quartile level. Approximately 15% of our venture portfolio companies have achieved significant exits (IPO or M&A) within 5 years.
Our Venture Capital advisory spans the following sectors with typical target returns:
AI/ML ventures typically target 30%+ net IRR. We advise on B2B AI, vertical SaaS, and enterprise automation. Our portfolio companies in this sector have achieved average revenue growth of 80%+ year-over-year at Series B stage.
Fintech early-stage typically targets 25% to 35% net IRR. We advise on payments, lending, insurtech, and regtech. Average time to Series C in our portfolio: 28 months. Exit multiples have ranged from 4x to 12x revenue.
Web3 and infrastructure investments target 20% to 40% net IRR with high variance. We focus on layer-1/layer-2 protocols, DeFi infrastructure, and tokenisation. Portfolio allocation typically limited to 5% to 15% of fund capital.
HealthTech and biotech ventures target 22% to 32% net IRR. We advise on therapeutics, diagnostics, and digital health. Clinical-stage success rates in our network: approximately 18% reach Phase III; exit valuations have averaged 6x invested capital.
CleanTech and sustainability ventures typically target 20% to 28% net IRR. We advise on renewable energy, circular economy, and climate tech. Portfolio companies have raised €180M+ in follow-on funding over the past 3 years.
B2B SaaS ventures typically target 25% to 35% net IRR. We advise on vertical software, horizontal platforms, and developer tools. Median ARR at Series A in our portfolio: €1.2M; average gross margin: 78%.
We combine sector expertise with operational support. Our 25+ external partners include growth-stage VCs, corporate venture arms, and strategic acquirers across Europe, the United States, and Asia. We facilitate co-investment, follow-on rounds, and exit processes. Fund sizes in our network range from €20M to €500M+.