Here’s a newbie to the scary world of investment clubs: it’s called Investee, and it aims to spur individuals into the pursuit of private capital.
Individuals who want to invest directly in the capital of growing companies do rarely in Belgium, either because the process is too complicated, or because access to the correct files is too narrow. There is definitely the public funding, but this tool is mainly used by start-ups that are at the very beginning of their project. For the rest, the horizon remains hopelessly empty until the land of business angels. “Individuals who try to follow business angels let go because of the complexity of the files or because the investment ticket is too expensive,” notes Philip Celen.
Of Aelbrecht Van Damme, he just founded a serial entrepreneur with whom he worked in financing consultancy The Harbour Invested to fill this void means: to help these individuals become new breed of business angels.
Investee is a investment club. This means that the members of this community are offered investment in companies and they are always free to participate or not. “We are targeting growing companies or companies with growth potentialwithout focusing, as has become the custom, on technology or software, but by being open to all sectors,” explains Filip Celen. “People need to understand a company before investing in it.”
“The typical business angel is 60 years old, a lot of experience, money and time”, the founder continues. “We want to bring out a different kind of business angel: entrepreneurs or managers aged 30 to 50, still active and who necessarily have little time, but a little money and want to invest in private capital.” This is the purpose of Investee, on the fundraising side.
“We want to bring out a different kind of business angel: entrepreneurs or managers aged 30 to 50, still active and who necessarily have little time, but have some money and want to invest in private capital.”
The Hunting Ground of the new club is Belgium and its three regions. The stake will be around 200 to 300,000 euros per investment. The minimum ticket per member is 20,000 euros. Investments will benefit from the “SME Tax Shelter” incentive and the no-taxation of capital gains.
A community of 150 members
Investee strives for: convert about 150 members this yearenough to bring together 2 to 3 million euros to invest in a dozen projects. “But we are ambitious, we are aiming for 5 million in 2023, then 10 million the following year,” says Celen.
The file stream will be provided from various sources, including The Harbor as deemed necessary. Investee already has some investment projects under the elbow† The sectors covered range from pharmaceuticals to retail via 3D printing, electric mobility or the cloud. Aelbrecht Van Damme and Filip Celen jointly run the club and call on external skills for file analysis. “Our mission is to offer quality-marked files.”
The club plans to stay between 4 and 7 years old in each participating company. A pretty standard run time in private equity, but Investee is also innovating in this area by planning to ask every entrepreneur working together from year five in preparation for the future release.
“We focus on companies that can make a difference.”
about the Ukrainian-Russian crisis, she… urged the two founders to postpone the launch of the club for a few days. “This crisis will not be solved quickly,” concludes Filip Celen. It will no doubt impact our launch, but not our stocks or our investors as we focus on companies that can make a difference.”
- Private individuals who want to invest directly in the capital of growing companies rarely do so in Belgium.
- Aelbrecht Van Damme, serial entrepreneur, and his fellow student Filip Celen have just launched investment club Investee; goal, to help these individuals become business angels of a new kind.
- Investee wants to convert about 150 members this year, enough to raise 2 to 3 million euros to invest in about ten files in the three regions of the country.
- He plans to raise 5 million by 2023 and 10 million the following year.