What we offer

The A1 model.

Our 12-week, fully individualized investment process is designed to get you to first close. We have designed our activities specifically to help you get your first venture capital fund successfully off the ground. Sometimes, we also incubate new early stage venture funds from scratch.

A quick guide to our process.

How often
do we do it?

How often
do we do it?

We run two batches every year, investing in around 5 funds each, or around ten funds a year.

What are
the terms?

What are
the terms?

We generally invest under our Anchor Deal. Exceptions are rare, but do happen, especially in the odd case of managers we only meet near the end of their fundraise.

How long
does it take?

The process typically takes a maximum of 12 weeks from first contact to closed deal.

How long
does it take?

The process typically takes a maximum of 12 weeks from first contact to closed deal.

How long
does it take?

The process typically takes a maximum of 12 weeks from first contact to closed deal.

How and
what?

How and
what?

We have no geographic, thematic or industry-specific restrictions when it comes to where we invest. The investment process is conducted on a fully remote basis.

This is what we look for in the funds we invest in.

This is what we look for in the funds we invest in.

First and foremost, it's about you - the founder and GP. Apart from your background, motivation and experience we also might ask you about, and work with you on, the following topics:

Thesis and edge

  • A clear, differentiated investment thesis

  • Define your edge - what's your unfair advantage?

  • Storytelling - why you?

  • Who's in your network? Why do people come to you?

Deal warehouse

  • Do you have a well-tracked pipeline of quality deals?

  • What's your deal-making process?

  • Why do founders pick you as their investor?

  • Do you already have signed deals for your fund?

Setup and admin

  • Leverage our knowledge and network in your location

  • Build partnerships with us and third-party providers

  • Learn fund administration and reporting

  • Set up your fund and team incentive structures

Fundraising

  • Combine your network with ours and your batchmates'

  • Let's define your process, tools & time-lines

  • Learn common pitfalls, dos & don'ts & LP preferences

  • Present at Allocator One Demo Day

Is it all about who I know and what I know?

We love working with GPs coming from non-traditional, non-finance backgrounds. So far, all of our investments originated with our standardized application process. Of the GPs we have funded to date, only one was a personal contact of an A1 team-member (but even they applied first).

Will everyone in the program receive the Anchor Deal?

Yes, selection for an Allocator One batch guarantees receipt of the Anchor Deal. This means that all participants chosen for the batch are offered the Anchor Deal as part of their selection into the program. If clarity is needed regarding the terms or timing of the deal, we are happy to provide accelerated confirmation or an investment decision at any stage, even before the program concludes.

What do I need?

Just the desire to be the founding General Partner of a successful VC fund (or a Solo GP). If we decide to work together, will be happy to provide you with everything else you need as part of our process.

Anything else?

Email us with your questions or apply directly.

If you are a fund manager with a background that’s different from the background of typical fund managers you see in the market, we strongly encourage you to apply even if you think that you will not qualify. We strongly believe in the power of diverse teams and are committed to provide support to talents that might need a bit of help to find their path to thrive.

Should I try to get a warm intro to Allocator One?

No. Having an intro call with us without filling out your application first is actually a disadvantage, statistically speaking. All of our investments to date originated through our application process.

Apply now.

A1 Summer 2025 Batch
Jun 2025 - Sep 2025

Apply now.

A1 Summer 2025 Batch
Jun 2025 - Sep 2025

Agnes
Aistleitner Kisuule

Founder at
First Circle Capital

Founder at
First Circle Capital

Agnes
Aistleitner Kisuule

Founder at
First Circle Capital

“When building a fund for the first time, it's the things you don't even know you don't know, that hold you up."