The Pre-seed Plus programme is for startups that have already recieved the Hiventures Pre-seed investment.The startups are expected to meet all the success criteria determined by the Pre-seed investment first before they can apply for the Pre-seed Plus programme.
Ticket size and type
The funding is realized in the form of a maximum 50 million HUF. (EUR 166k) convertible (shareholder) loan, which will become a share based on the valuation determined during the next investment round.
Details of the Hiventures pre-seed plus programme
- Amount to receive: maximum 50 million HUF (EUR 166k) in the form of a convertible loan
- Interest: 0%
- Conversion discount (conversion discount for pre-money valuation determined at the next round of investment): 25%
- Maximum valuation cap at which the loan can be converted: 500 million HUF (EUR 1,6M)
- Deadline for loan conversion: 24 months
- Only those enterprises can apply for this that have already participated in the Hiventures pre-seed investment
- Competitive advantage of the innovative content and product/service
- Business safety data sheet
- Experience of the founders
- The team members and skills
- Market size, market composition and competition
- Performance stages and how the pre-seed investment has been used