Constructive, Capable, and Good to Work With
Fund: Wellington Partners
Posted by Anonymous on 2008-12-18
I was working on a CHF4m Series A for a Medtech start-up. Syndicate was there and discussions began on the term sheet. At this time Wellington hears about us through a Swiss investors platform (CTI-invest) and calls me for info on the company. I was not too interested, well advanced with the others and not willing to embark on a new process for several months. Money was getting very tight. They persisted, claiming to move fast. They checked the info I sent and shortly thereafter flew in to visit us. Two months later we signed a term sheet for CHF8m together with another co-lead investor. Normally painful DD, but constructive again. Deal closed. So: They have been fast, no B-S, realistic, not playing games (a little good cop/ bad cop when we visited them of course, fair enough). This was over 1 year ago. I wanted to wait before writing an enthusiastic post, you never know how people turn when they are in. None of that. It has been a great year of constructive, straight-forward and pleasant collaboration.
PRIVATE: Members Only (178 Characters)