Here’s a new kid in the narrow world of investment clubs: it’s called Investee, and it wants to bring individuals together for the purpose of private capital.
People who want to invest directly in the capital in growth companies do rare in Belgium, either because the process is too complicated, or because access on the right the files are too narrow. There definitely is crowdfunding, but this instrument is mainly used by start-ups at the very beginning of their project. For the rest, the horizon remains desperately empty until landfall business angels. “Individuals who try to follow business angels give up along the way because of the complexity of the files or because the investment ticket is too expensive”, observes Philip Celen.
With Aelbrecht Van Damme, a serial entrepreneur with whom he partnered in the finance consulting firm The Harbour, which he had just created Invested filling this void means: helping these individuals to stay new kind of business angels.
Invested is a investment club. This means that the members of this community are offered investments in companies and that they are always free to participate or not. “We aim companies in growth or companies with growth potentialwithout concentrating, as has become the habit, on technology or software, but by being open to all sectors,” explains Filip Celen. “People need to understand a company before they invest in it.”
“The typical business angel is 60 years old, a lot of experience, money and time”, continues the founder. “We want to bring forward another kind of business angel: entrepreneurs or managers aged 30 to 50, still active and who necessarily have little time, but who have little money and want to invest in private equity.” This is the goal 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 who have little money and want to invest in private capital. .”
The hunting ground of the new club is Belgium and its three regions. The effort will be around 200 to 300,000 euros per investment. Minimum ticket per member amounts to 20,000 euros. Investments will benefit from the “SME tax shelter” incentive and non-taxation of capital gains.
A community of 150 members
Investee aims to convert about 150 members this yearenough to collect 2 to 3 million euros to start investing in a dozen files. “But we are ambitious, we aim for 5 million in 2023, then 10 million the following year”, explains Celen.
The file flow will be supplied from various sources, including the Port, if deemed appropriate. Investee already has some investment projects under the elbow. The sectors covered range from pharma to retail through 3D printing, electric mobility or the cloud. Aelbrecht Van Damme and Filip Celen co-lead the club and rely on external skills to analyze files. “Our mission is to offer files with a stamp of quality.”
The club intends to stay between 4 and 7 years in each participating company. A fairly standard duration in private equity, but Investee is also innovating in this area by planning to ask each entrepreneur to collaboration from year five in preparation for its future release.
“We turn to companies that can make a difference.”
Around Ukrainian-Russian crisis, she… pushed the two founders to postpone the launch of the club for a few days. “This crisis will not be resolved quickly, concludes Filip Celen. It will undoubtedly have an impact on our launch, but not on our files or on our investors, because we are targeting companies that are likely to make a difference.”
- People who want to invest directly in the capital of growing companies rarely do so in Belgium.
- Aelbrecht Van Damme, a serial entrepreneur, and his fellow student Filip Celen have just brought the Investee investment club to the baptismal font; goal, to help these people 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 start investing in a dozen files in the three regions of the country.
- He intends to raise 5 million in 2023, then 10 million the following year.