F1V in 2023: 15 new deals, portfolio startups’ value hits $3.8 billion
Summary
In 2023, Flyer One Ventures reviewed 1,012 startups and backed 15 new companies, including Filmustage, AiSDR, Scalestack, Deskree, Zero Systems, Field Materials, Ludis Analytics, Machinet, and CloudChipr.This year we co-invested alongside Y Combinator, Techstars, Unpopular Ventures, 10X Capital, Forum Ventures, Hustle Fund, Web Summit Ventures, Seedcamp, Passion Capital, ff VC, and other great VC funds.Our firm also provided follow-on investments to 11 existing portfolio startups, including RedTrack, All Right, NewHomesMate, Mate academy, and Sheep Inc.Over the past five years, F1V has invested $40 million in nearly 78 companies. This number is higher than the GDP of San Marino, Andorra, Belize, and the Republic of Cabo Verde.In 2024, F1V plans to keep investing in startups at pre-seed and seed stages from Europe and the United States with about the same tempo as in 2023, while also supporting its portfolio.F1V is outperforming some of the European VC markets average numbers, according to the funds report made public in mid-2023.F1V has already returned its first fund (primarily invested in 2019), which is much better than the average return of 1% in Europe. General partner Vital Laptenok became a mentor at the Mission Possible program for entrepreneurs.We organized five webinars for the startup community with speakers from Angular Ventures, Earlybird VC, Redpoint Ventures, 20VC, and Wise.For the F1V portfolio, we conducted workshops on fundraising, B2B sales, AI, and other topics. The company was also shortlisted for the U.K. eCommerce Awards 2023, partnered with Starboard Cruise Services, and started working with the Novus supermarket chain. Fintech Farm launched the neobank Liobank in Vietnam, while its Azerbaijani project Leobank gained 1 million customers.