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FAQ Venture Deals
How does a financing round usually proceed?A financing round usually proceeds through several phases. From the identification of the financing needs, the development of the equity story, the approaching of investors and the signing, there are several challenges that need to be  overcome. A detailed explanation of the individual phases can be found in the diagram of the Deals Journey. The individual phases can and will often overlap in time and content.
FAQ Venture Deals
How does a financing round usually proceed?A financing round usually proceeds through several phases. From the identification of the financing needs, the development of the equity story, the approaching of investors and the signing, there are several challenges that need to be  overcome. A detailed explanation of the individual phases can be found in the diagram of the Deals Journey. The individual phases can and will often overlap in time and content.
What time frame do I need to plan for financing?We generally plan to hold a financing round for between three and six months. How long the individual phases of the financing round last depends on both external and internal factors. In doing so, we focus on the issue of investor readiness. If all documents have already been prepared, you can also start directly with the approach of suitable investors and the process can be accelerated accordingly. If the equity story and business plan need fine-tuning before you can approach investors, the process will take longer.
What investors are there and what type of investor currently suits me and my company best?
There is not THE one suitable investor. Which investor suits you best depends mainly on your business model and the phase of your company. For example, classic venture capital investors are often more interested in Series A and Later Stage Investments at the table and business angels are more interested in the seed round. Corporate venture capital and family offices can also offer interesting financing options. Basically, you should always ask the question first whether you are looking for a strategic or financial investor and which investment horizon (long or short term oriented) he should pursue.

What is the best way to approach investors?This is where your network or the network of your partners comes in. Based on experience, it is important that you have a direct contact to the investor. This can be done through special investor events or through partners who introduce you directly to investors and give you a so-called intro. As the PwC Venture Deals Team, we are also happy to provide you with our investor network as part of our funding support.
What documents and information do I need to provide when approaching investors?
Investors receive a large number of investment inquiries every day. Therefore, you need an address-oriented and meaningful Pitch Deck, which includes the most important information of your company and presents your equity story convincingly. Furthermore, it is important to present your business plan in concrete figures and to provide your investors with a structured, and at best integrated financial plan that reflects both your long-term future expectations and your current financing needs.
What is so-called due diligence and how does it work?
Due Diligence means "careful examination" and this is exactly what it means in the context of financing rounds. Often initiated by the potential buyer or investor, a detailed analysis of your company is carried out before financing (at least from a certain investment sum). The due diligence is often carried out at an advanced stage in the financing process, when the first talks have already taken place and the investor has a clear interest in your company (often already signalized by a letter of intent). However, before a potential buyer or investor makes a final decision for financing, he will examine the company with regard to the financial, legal, tax and IT position. In this context, it is the task of the startup company to provide the necessary documents as structured and complete as possible (possibly in a so-called virtual data room).
How is my company’s value measured?To determine the value of startups there are - depending on the development phase - different valuation methods available, which take into account the uncertainty factor in the future expectations of startups. Some of these methods are presented here in detail. If you want to calculate your own enterprise value, the eValuation Startup tool will help you.

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