Laura Raggl
Managing Partner, ROI Ventures · 1 appearance on the record.
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Laura Raggl leads ROI Ventures, a Vienna-based family office and angel investment firm providing pre-seed and seed funding to European B2B SaaS startups. She previously served as Managing Director of the Austrian Angel Investors Association.
2 supported 0 partly supported 0 contradicted 2 not checkable as stated how the 4 claims stand · each chip opens the sources
4 assertions · 5 opinions · 6 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 2 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.
The record, in short
What the tape says about how Laura argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.
Their most notable supported claim
Raggl: Secondary funds are entering Europe following two years of scarce VC exits
“We also see more secondary funds also entering Europe, and this also provides more liquidity. Because we had quite a situation where it was quite hard for VC fans to exit their current portfolio, which put a lot of pressure on them, because LPs wanted to have …”
Everything Laura Raggl said on the Neon Show that made the record, most notable first. Filter by type, assessment or year in the ledger →
Raggl: Fewer founders now go to the UK to launch startups
“We have three, I would say quite big hubs nowadays, which is UK. I mean, UK was for a long time, the capital finance and also the location of most of the bigger VC funds still like, I would say there are less startups now, which found and go to the UK to found…”
Raggl: Austria is not a viable startup hub due to market size
“For example, Austria is not a good hub because the country itself is just a little small that you can say, okay, I do choose Austria for now and then I go to other markets. So this is basically the reason why Germany, France and UK also being the countries wit…”
Raggl: European startups must tap US funds for large Series A rounds
“Also, like, it's basically starting at Series A, B, that you need to go to a US fund, basically, if you want to raise really large sums, because there's just not a lot of options in Europe”
Raggl: IPOs are unrealistic for European B2B startups compared to B2C
“I think that's not a too realistic way. Especially when being a B to B company, I see also IPOs being more realistic for B to C companies in general, because you just have put a lot of time in building the brand, which helps you a lot with them. I'm also selli…”
Raggl: ROI Ventures caps investment entry valuation under 5 million
“Yeah, the most important point of our thesis is that we like to come in quite early. So early means under five million valuation. That's like a cap we have given ourselves to really find people really, really early at the journey.”
Raggl: Foreign Angels Cannot Invest Directly in India Without Local Networks
“We could never invest in India ourselves. It's just too complex. We don't have the relationships. We can't assess the founders and it's such a personal network. Driven game in the end.”
Raggl: Launching in smaller markets accelerates startup recognition and investor attention
“And also it's easier to become one of the best startups if you start out in a small country, right? Like it's super hard to be in the top league in Germany, I guess also in India, but in Austria, just not too many. So if you're good, everybody will recognize y…”
Raggl: SaaS accounts for roughly 80% of European startups
“And SaaS, I would say, is 80% of all startups you see, they would be fitting into the SaaS category, and we also see that in Austria, we see that in Germany”
Raggl: Secondary funds are entering Europe following two years of scarce VC exits
“We also see more secondary funds also entering Europe, and this also provides more liquidity. Because we had quite a situation where it was quite hard for VC fans to exit their current portfolio, which put a lot of pressure on them, because LPs wanted to have …”
Raggl: ROI Ventures aims to exit via secondaries in Series A or later rounds
“Whenever we have a company going to a Series A round or also to a later stage round, we would definitely think about selling our shares because we own really little equity as we just invest 50 to a hundred K checks.”
Raggl: Angels can exit via secondaries without generating bad signaling
“So as an angel investor, it definitely makes sense to exit maybe as a later round. And it's also not too bad in terms of signaling, because if you're a VC investor or a bigger investor, you can't leave. The round because it's just looking like you're not a bel…”
Raggl: Gate Space fled conservative European investors for US funding success
“And it's quite interesting because they had a quite hard time fundraising in the European market. Because European investors are a little conservative. So they went to the US super successful there. Also when it comes to the client side.”
Raggl: The best startup opportunities are rarely shared in angel networks
“The really good opportunities usually not get shared too much.”
Raggl: Startups can scale solely within India, unlike single European nations
“You can just start out and become successful only doing business in India, which is impossible to only do that in one country in Europe.”
Raggl: Beginner Family Offices Should Invest in Funds Over Direct Startups
“I think we both know it's super hard to do direct investment. That's not something for starters. So I get that question a lot. And I also recommend usually to just invest in funds for now.”
Raggl: Austrian public grants can cover founder living expenses for two years
“You can get a lot of public grants if you start your business in Austria. So you don't need to worry about like you being able to finance your life, for example, in the first one or two years, because there's such so much government support.”
Raggl: ROI Ventures Portfolio Company Magic Raised Over $100 Million
“And we've invested two years ago, and it just raised over a hundred million US dollars beginning of this year, so it's quite a success story, and we're quite happy backers of the startup.”
Appearances (1)
| Episode | Date | Speaking time |
|---|---|---|
| B2B SAAS Investors Discuss European And Indian Startup Ecosystems | ROI Ventures | Neon Sh | Jun 12, 2024 | 36m |