Quarterly letter

QUARTERLY LETTER – A WORD FROM THE FOUNDER

We launched blq invest in November 2019 with the idea of sourcing and building companies with a systematic approach. We aim at becoming the best company builders in the valley of death. Our systematic approach and niche expertise in scale, storytelling, stickiness and team make our investments become bankable companies. We call this the blq box.

This is our first quarterly report and needless to say the first quarter has been extraordinary. Based on our sourcing, current pipeline and our portfolio companies, I would like to share some of the key insights we have gained during this period.

– Companies with vulnerable business models and heavy balance sheets will find it hard to allocate additional capital from investors and might not therefore survive this downturn.
– Pre-revenue companies that are in the beginning of their journey and have not been able to iterate with the market, will most likely struggle, and rely on “family, friends or fools” to save them.
– Valuations for early stage scaleups have decreased, with estimates ranging from a 25-40% drop.
– Horizontal SaaS-scaleups, which sell to companies in a wide range of sectors, have experienced a relatively lower drop in growth so far.
– SaaS is in its nature a resilient business model for downturns, thanks to the power of recurring revenue.

Coming back to blq invest our investment focus has always been B2B SaaS-scaleups, providing business critical products and services within clear niches, and this has not changed due to covid-19. Quite the opposite, we feel empowered that it is the right focus ahead.

Ingrid and Cinode, our two portfolio companies, have both been affected mildly and are still growing at a steady pace. Both companies are well-positioned with business critical offerings, providing a solid base from which to tackle the ensuing challenges. Cinode’s focus on competence is proving crucial, as companies are forcing to adapt and reposition their offerings, while Ingrid’s delivery experience platform allows e-commerce companies to meet sharply increasing demand as e-commerce soars.

The epidemic has brought a broad change in behavior, enforcing new digital trends. We don’t know in what form (V, U, W or L) the world will recover, it will depend on second waves of infections, further lockdowns, fiscal policies and monetary policies. But I strongly believe that blq invest, that is in the beginning of its lifecycle, have a very good position with its current portfolio and future investment opportunities.

Kamjar Hajabdolahi, founding partner blq invest

Aiming for the valley of death

Blq invest will be investing in early-stage tech companies after angle investors, before vc:s. Blq invest is featured in Breakit.

Blq invest will be investing in early-stage tech companies after angle investors, before vc:s. Blq invest is featured in Breakit.

– Our mission is to build legacy. We want to create something lasting, long after we are gone. We are investing in early stage companies, refining methodically with profitable companies as a result. That is our legacy, says founding partner Kamjar Hajabdolahi. 

Read the full article here.

Introducing blq invest

200MSEK
in 10-15 companies

We are blq invest. Blq invest – Building Legacy Quota – will be investing in early-stage start-ups, based in Stockholm, Sweden. By investing in companies with an underlying profitability and listen to consumers blq invest wants to build legacy. We are passionated about how new technology create new trends in society and are always looking for the trend within the trend, says founding partner Kamjar Hajabdolahi. 

– Our mission is to build legacy. We want to create something lasting, long after we are gone. We are investing in early stage companies, refining methodically with profitable companies as a result. That’s our legacy, says Kamjar Hajabdolahi.

Blq invest will be rasing 200MSEK and invest 10-30 million SEK in 10-15 early-stage start-ups. Among the investors are for example SEB, Lena Apler, Lars Backsell and Noel Abdayem. Focus is to build the companies together with the entrepreneur and invest locally but think globally. 

– We are company builders, focusing on tech and innovation. We want to be a catalyzer for growth. Our craftsmanship spells competence, market and innovation. Through ideas, skills and methodology we want to make our investments full-fledged, says Kamjar Hajabdolahi.

Blq invest is founded by Kamjar Hajabdolahi and the team consist of the partners Kamjar Hajabdolahi, Bodil Sidén and Erik Halvord.