<aside> 📌 Applications are now closed as of 26th July 2021! Thanks for your interest & stay tuned for our next community raise ⚡️
I started Remote First Capital in the autumn of 2019. The goal was pretty simple - to make investments into the most exciting teams building our new global remote-first future.
20 months later – Fund I (RFC I) was a great success – we have over 100 LPs & we've invested in over 50 incredible teams with enormous results (see below).
We're just raised Fund II (RFC II) and oversubscribed just with LPs from RFC I. Since 90%+ of the fund was done by insiders, we decided to create a small allocation of the fund for new small-check operators & founders who want to join the LP network. The goal is to get new valuable LPs into our network in order to help our RFC founders succeed.
<aside> ✨ Investment size: $1k-20k: Applications are now closed!
"Andreas is hands down probably the best investor I've met, hard to describe how much value he brings or just how amazing he is to work with. If you're lucky enough to get him on your cap table, please make it happen. You won't regret it."
Andrew Gazdecki, MicroAcquire
Andreas was one of the biggest believers and supporters of Hopin right from the beginning (before covid). Being a fully remote company, it's been really great to have Andreas on the journey with us. I really enjoy our chats and he's always available to help. I've learned a lot from Andreas, and have a lot more to learn!
Johnny Boufarhat, Hopin
"Andreas has been one of our most helpful investors and one of the highest signal in our space. Specifically, he made the right intros to pull together our round, gave great product feedback, and even did a masterclass on remote work culture for our team. More than that, he was high conviction and one of our earliest supporters."
Charles Hua, Poise
“No words can properly express the amount of energy, dedication and determination Andreas brings to the table. His expertise in the startup world gives him an upper hand to know what to look for in a founding team, how to identify skills gaps, and how to leverage his network to empower startups to scale. I’ve spoken to dozens of fund managers, and none of them have the drive I’ve seen in Andreas.”
Nicole Caba, Avvinue
"Quite simply, MainStreet would not exist without the support of Andreas and Remote First. Andreas took the time to get to know me, stayed close, and feedbacked as we iterated the early product development of MainStreet. Andreas was the first investor call we made after our "Eureka!" moment during product development, and his investment, support, and conviction were critical to putting together our first seed round. Deeply grateful to have Andreas on our cap table!"
Doug Ludlow, Mainstreet
"Andreas is a super connector who can positively influence the outcome of his portfolio companiess. He is always available and ready to help. He has deep insights from years of experience as a founder, operator, and investor. He is willing to push his co's to his network and increase the support to his founders. He is uniquely positioned for great dealflow. He acts with integrity and urgency. I would raise capital from Andreas again and would highly recommend him to any founders or LP's. "
Moe Abbas, Acadium
Andreas, you’re one of the most helpful people we’ve all worked with. Generous with your time and feedback. We’ve not had higher impact for each $ investors.
Job van der Voort, Remote
Read the full list here
Investors usually don't like to share results. Given that this is a fully public fundraise and we got nothing to hide I wanted to make the numbers public.
Our first fund's ****performance multiple was 4.0x with an IRR of 151.9% within ~20 months. This is exceptionally well compared to funds of the same age. Source (https://angel.co/venture/calculator).
Hopin (seed) raises at $5.65B
Remote (pre-seed) raises at $1B+
Mainstreet (seed) raises $50M
On Deck (seed) raises $20M
and many more…
Do keep in mind: