The A1 Anchor Deal.
We become a limited partner (LP) in your first-time and second-time venture fund. We commit up to €3 million of capital if you're a Solo GP. We invest up to €7m in case you're a team of two GPs or more. We will pay 1% management fee and 10% carried interest on our commitment. We do not care whether you have any other commitments and are happy to be the first and only LP. We do not take carried interest or a share of your managing company.
Deal terms
We invest on discounted LP terms — 1% management fee and 10% carried interest. No ManCo stake, no board seat.
Solo GP anchor
Up to €3m
Team anchor (2+ GPs)
Up to €7m
Target fund size
Up to €30m (rarely above)
Management fee
1%
Carried interest
10%
Board seat
Not required
Geographic restrictions
None
Details
How early do you invest?
We often commit long before our GPs have any other LP commitments. Think of us as a pre-seed investor that invests in funds and their founders. We think of you as an entrepreneur building their legacy, not a bucket to deploy money into.
What types of funds are eligible?
We are focused on first-time and second-time venture capital funds that invest in the early stage. We rarely invest in funds that have a target size over €30 million, but there is no hard cap.
How do you select funds?
We look for grit and determination, unique access to dealflow and demonstrated track record of professional excellence of the fund managers with a focus on successful investments.
Chosen by leading funds and institutions
Getting Allocator One as our anchor changed how every other LP saw us. We closed institutional investors who would never have met us without that signal behind us.
Noa Khamallah
GP, Don't Quit Ventures
The Allocator One batch program was unlike anything I expected. The peer group, LP introductions, and Demo Day got us to first close in half the time I'd planned.
Nicola Sinclair
GP, Twin Track Ventures
Allocator One backed us when we were unknown first-timers. Their anchor commitment and network opened doors that would have taken years to open on our own.
Simon Lancaster
GP, Omni Ventures
Common questions
Explore other strategies
We also anchor buyout funds and single deals via SPV structures.
Buyout
€2–15m for small and mid-market buyout funds. Co-investment rights, advisory committee seat.
Learn more