risikokapital

Risikokapital, commonly known as venture capital, refers to equity financing provided to early-stage and high-growth companies with significant market potential. Investors assume substantial risk in exchange for an ownership stake and the possibility of outsized returns as the company scales.

Venture capital financing typically comes in rounds: seed, early-stage, and growth/expansion. Funding is usually provided by specialized venture capital firms, often in syndicates, as well as angel investors and corporate venture funds. Capital is generally structured as preferred equity with features such as liquidation preferences, anti-dilution rights, and board representation.

The VC process involves rigorous due diligence, business plan assessment, market sizing, and technology or product validation. If investors commit, they negotiate a term sheet and milestones. The funding is disbursed in tranches tied to milestones, and investors may take board seats to guide strategy and governance. A common exit is an initial public offering or an acquisition, providing liquidity for investors and founders.

Beyond money, risikokapital brings strategic value: management advice, hiring, marketing, and access to networks, customers, and potential partners.

Risks include high failure rates, long investment horizons (often 5–10 years), and illiquidity. Returns depend on a few high-performing portfolio companies. The sector is regulated under investment fund laws in many jurisdictions, with management fees and carried interest.

In the economy, risikokapital supports innovation, technology development, and regional competitiveness by funding startups that might not yet qualify for bank loans.