Squares Capital

Co-founders Vladan Falcic, CEO, and Joshua Snyder, Managing Director, lead the firm. Snyder also operates as Head of M&A for Mercer Park Opportunities Corp., a SPAC advised by Squares Capital. The structure suggests that key investment decisions involve alignment between the Vienna principals and Jonathan Sandelman's Mercer Park family office on cross-border transactions.

The firm gains differentiated access through its dual structure with the Mercer Park ecosystem. Joshua Snyder's dual role as a Squares Capital managing director and the SPAC's head of M&A creates a direct sourcing channel from Central European early-stage ventures to a North American public listing vehicle. The Mercer Park family office network provides additional co-investment and introduction pathways.

Squares Capital is structured as an external asset manager and SPAC advisor, not a family office. However, its operations are tightly coupled with Jonathan Sandelman's Mercer Park, L.P. family office, which sponsors the SPAC that Squares Capital advises. This arrangement creates a hybrid external manager with privileged access to a family office's deal flow and public-market vehicle.

The firm's disclosed strategy centers on direct early-stage startup investments, particularly in digital assets and gaming, alongside its advisory role to the Mercer Park Opportunities Corp. SPAC. There is no public information confirming whether Squares Capital makes fund commitments to third-party GPs, though the advisory relationship suggests its investment activity is tilted toward direct and platform-level transactions.

Squares Capital targets early-stage startups at the formation and seed phases. The SPAC advisory channel adds a later-stage dimension, offering portfolio companies a potential route to public markets. This creates an unusual continuum from seed-stage venture in Europe to a US public listing, though the pipeline's actual throughput remains unverified.