Telegraph Hill Capital

Early-stage technology backing in North America and Western Europe

Early-stage technology founders are the focus of Telegraph Hill Capital, also known as THCAP. The firm takes the lead in seed and pre-seed rounds and concentrates on quick-scaling technology startups in North America and Western Europe. It prefers products that have been live for a few quarters, show user adoption and hold what it calls an unfair competitive advantage. It was founded with an entrepreneurial outlook, and it says it uses its industry connections and expertise to help portfolio teams thrive while giving its own investors access to disruptive companies.

Sectors and product models

The firm says it backs software products, apps and digital platforms across several verticals, and it leans toward B2B models. It has no fixed sector, though it leans toward ideas in fintech, cybersecurity, the future of work, food, education, retail, agriculture, health and fitness, and property technology such as proptech and logistics. It values diverse founding teams and advocates sustainable business models that produce a positive social and environmental impact. Its investment ambition is to back founders obsessed with solving large problems, including people who could reshape an industry or create a new one.

Hands-on help and follow-on investment

Telegraph Hill describes its partners as hands-on, leaning on a dedicated team in North America and Europe to help with talent recruitment, business development and cross-border expansion. Its support continues beyond the early stages. It takes part in follow-on rounds for its portfolio companies and can back later-stage founders it has known for years, working with lead investors in growth rounds to add value. The firm says its success depends on the success of the founders it backs. It is registered with Spain's securities regulator, the CNMV, as a venture capital manager.